"If you're going to panic, do it fast and beat the crowd." ~ Jesse Livermore

Tuesday, December 13, 2011

Euro crisis: The long and short of it

Euro crisis: The long and short of it
BBC News
No-one thinks the eurozone crisis is over or that European leaders did enough last week to rule out nasty surprises in the next few weeks, but talking to officials, economists and analysts closer to the trading floor in the last few days, something has...
Eurozone reminded of financial sanctions risk
euronews
Members, except Britain, agreed to draft a new treaty for deeper eurozone integration, with a tougher deficit and debt regime. A warning of what lies ahead came from Olli Rehn, the EU's Economic Affairs Commissioner, speaking in Brussels.
Concerns of eurozone debt continue to weigh on market, pushes oil prices near ...
Washington Post (blog)
The European Central Bank cut support for heavily indebted eurozone governments. The ECB has worked to keep borrowing costs low for member countries by purchasing government bonds. Last week, however, the bank now says that countries should take a...

Views from under the Palm - johnmpoole.com - economy: The Germans and French just did something Very Stupid: ". . . The Eurocrisis is not over. The Eurosummit solved nothing long-term.  The problems of the Eurozone will never be solved until the Germans and French quit acting like Germans and Frenchmen, and start acting (and thinking) like Europeans."
Dabby Says Euro Crisis Leaves Isreali Stocks `Volatile'
Washington Post
Dec. 12 (Bloomberg) -- Eyal Dabby, head of equity research at Bank Leumi Le-Israel Ltd., discusses the outlook for Israeli equity markets in 2012. He speaks from Tel Aviv with Maryam Nemazee on Bloomberg Television's "The Pulse. ...
Five Ways the Eurozone Crisis May Impact You
Fox Business
Put simply, the sovereign debt crisis that began in Greece has spread throughout much of the eurozone. The eurozone crisis already has had a direct impact on consumers in Europe. But in an interconnected world, experts agree any fallout won't be ...
Eurozone may need another shock, S&P says
Financial Post
By Tova Cohen and Maayan Lubell TEL AVIV • Ratings agency Standard & Poor's put more pressure on the eurozone Monday, with its chief economist saying time was running out for the currency bloc to resolve its debt problems and that it might need another ...
Greece in talks on eurozone bailout, debt rollover
AFP
ATHENS — Greece was holding tightrope talks on Monday with its creditors and debt holders on details of a new eurozone bailout to enable the country to repay debt. Greek Finance Minister Evangelos Venizelos was meeting senior auditors from the ...
Contagion in an age of austerity
Financial Times
The Financial Times has occupied a ringside seat since the global financial crisis erupted in the summer of 2007. Our commentators and reporters have tackled the crisis in all its dimensions: the sub-prime lending spree in the US, excess leverage of ...
$A lower as eurozone optimism fades
Sydney Morning Herald
The Australian dollar has fallen almost one US cent as hopes around a deal to solveeurozone debt wane. At 0630 AEDT on the Australian dollar was trading at 100.70 US cents, down from 101.69 cents at 1700 AEDT on Monday. On Friday, European leaders...
Iraq: End of the Mission…Euro-Crisis…Russia Protests…Fukushima Monkeys ...
ABC News (blog)
-BIG PICTURE…The last American forces are packing, loading up, and boarding convoys south, for Kuwait and – ultimately – home. After eight and a half years and thousands of casualties, the mission winds down. A big week of related events begins today ...
How the Euro Crisis is Good for Your Portfolio
Investment U
If you understand how the euro crisis is a good thing, you can start making serious money again. Here's why… Aside from being Chief Investment Strategist for Investment U, I also oversee the investment decisions of The Oxford Club – an exclusive ...
Gartner Says CIOs Must Assess the Impacts of the Euro Crisis on Their ...
MarketWatch (press release)
STAMFORD, Conn., Dec 12, 2011 (BUSINESS WIRE) -- With extreme uncertainty plaguing all enterprises operating in the eurozone, CIOs must act immediately to protect their enterprises, according to Gartner, Inc. CIOs need to safeguard their enterprises ...
Eurozone fix in Hungary's interest, says premier
Monsters and Critics.com
Budapest - The eurozone crisis has the potential to seriously damage Hungary and it is 'in our basic interests that Europe find a way out of it,' Prime Minister Viktor Orban told lawmakers Monday while discussing a proposed European Union fiscal pact. ...
Dow lower as eurozone optimism fades, Intel drops almost 5%
Proactive Investors USA & Canada
US equity markets were lower Monday afternoon as last week's optimism in the wake of a eurozone summit turned to pessimism, with growing doubt that Europe's debt crisis will actually be resolved. As at 2.45 pm EDT, the Dow Jones Industrial Average was ...
opportunity in the Euro crisis
MarketWatch
Kurt Brouwer is a fee-only financial advisor with three decades of experience. He is the chairman and co-founder of Brouwer & Janachowski, LLC. Kurt has written books, articles and hundreds of blog posts on mutual funds, ETFs and other investment ...
Euro crisis won't harm Petrobras fundraising plan
Reuters
SAO PAULO (Reuters) - Brazilian state-controlled oil company Petrobras will continue to raise funds in European capital markets despite the worsening of a sovereign debt crisis in that region, an official said on Monday. The crisis in the Euro region ...
FTSE slumps nearly 2% on eurozone worries, but chipmaker CSR jumps on digital ...
The Guardian (blog)
On a day when markets suffered more eurozone jitters and US chipmaker Intel warned on revenues, a couple of UK technology companies bucked the downward trend. Cambridge based bluetooth specialist CSR said it would end its investment in digital TV...
Gold, Silver Prices Plunge on Eurozone Pessimism
International Business Times
By Mike Obel | December 12, 2011 10:34 AM EST Precious metals assets tumbled Monday on doubts that last week's Eurozone restructuring plan addresses the immediate threats of dollar liquidity, bank defaults and national bankruptcies. ...
ADB slashes Asia's growth forecasts citing Eurozone crisis
The Australian
The eurozone fallout would especially affect Asian finance centres such as Hong Kong, according to the Asian Development Bank. Picture: AFP Source: AFP THE Asian Development Bank has issued its strongest warning yet that Asian economies including China ...
Fiat Enters ASPI Eurozone Index
Auto Remarketing
By Auto Remarketing Staff Fiat SpA learned late last week it is now a member of the ASPI Eurozone Index, following recent confirmation of its inclusion in the Dow Jones World and Europe Sustainability Indices in addition to the Global 500 Carbon ...
Carroll Schools Fear Possible Financial Crisis
WXII The Triad
Depending on what happens in the near future with the federal Jobs Act, Carroll County Public Schools could be looking at a financial crisis at it prepares to balance its budget for the 2012-13 school year. Carroll County Superintendent of Schools Dr. ...
Euro crisis and Germany: Is this 'indispensable' nation to be feared, or welcomed?
Christian Science Monitor
The euro crisis revives 'the German question.' Former British Prime Minister Margaret Thatcher had deep qualms about German reunification, predicting the country would dominate Europe. Today, Poland's foreign minister worries Germany is not leading ...
Swedbank denies rumors of financial crisis
Baltic Times
RIGA - The Finance and Capital Markets Commission and Swedbank management rejected the rampant rumors of a financial crisis Sunday night, underlining that the bank is more than able to operate on a daily basis and in emergencies. ...
Eurozone: ALL over Except for the Downgrades
Markets
Markets were aflutter deciphering the implications of EU statements for sovereign risks, EUR, the ECB and EU-UK relations. At Markets.com, we suggest that the EU deal “represents further steps in the move towards further economic and fiscal integration ...
Eurozone jitters show in auction
Malaya
BY ANGELA CELIS Accredited dealers of government securities yesterday started showing fears of possible negative effects of the euro zone problem spilling into the Philippines. In yesterday's auction of Treasury bills, the last for the current year, ...
More on being "isolated" from the eurozone car crash | Samizdata.net
By Johnathan Pearce (London)
More on being "isolated" from the eurozone car crash. Johnathan Pearce (London) European Union. "Yes indeed, Britain is on the outside: left out of this idyll of anti-competitive regulation and tax harmonisation. I can remember when the ...
Samizdata.net
Latest Eurozone Debt Crisis Plan "Another Grand Illusion" - Money ...
By David Zeiler
A European Union summit plan to cure the Eurozone debt crisis by enforcing budgetary austerity almost certainly won't work, and may not even be legal. Any realistic solution to the Eurozone debt crisis will involve severe much more severe ...
Money Morning
Calafia Beach Pundit: The PIIGS crisis is fading in importance
By Scott Grannis
Even as the likelihood of major Eurozone sovereign defaults continues to rise, there are signs that the the denouement of the Eurozone sovereign debt crisis may not be nearly as bad as everyone has been led to believe. This is a theme I've ...
Calafia Beach Pundit
Comparing the US and Eurozone Debts
By Chuck Butler
Chuck Butler discusses the debt crises in the US and the Eurozone, various currency moves and the dip in the gold price.
The Daily Reckoning
Grahnlaw: New resolve in euro crisis – Is it enough?
By Grahnlaw
There is now more resolve in the eurozone and in the European Union generally to advance. Despite looming downgrades of member states, the EU and European banks, the EU and the ECB may eventually progress in face of the strong ...
Grahnlaw
Panasonic unveils new Eurozone crisis-ready TV | NewsBiscuit
By The Paper Ostrich
The product features new Eurozone crisis-ready technology, including a fixed banner with the words EUROZONE CRISIS along the bottom of the screen, regardless of channel.
NewsBiscuit
(UPDATE) Stocks close lower as skepticism towards Eurozone ...
The Philippine stock market bucked the positive performance of the global equities and fell 0.37 percent on Monday.
philstar.com - Breaking News
US stocks fall on euro crisis fears, despite pact | The Associated ...
By The Associated Press
U.S. stock indexes are falling as fears linger about European countries' indebtedness, despite their fiscal pact last week.
Examiner Nation RSS
"Our national interest is served by having eurozone being able to ...
"Our national interest is served by having eurozone being able to resolve its problems," Lib Dem MP Danny Alexander - BBC R4 Today Programme.
Breaking news
How the Euro Crisis Could Destroy the U.S. Economy - Jim ...
Europe is closer than you think to bringing down the American--and, therefore, the global--economy.
www.theatlantic.com/business/archive/2011/.../249392/
Europe Looks to I.M.F. Again for Help in Euro Crisis - NYTimes.com
European Union leaders have already turned to the International Monetary Fund to assist Ireland, Greece and Portugal, and the fund may be asked to assist ...
www.nytimes.com/.../europe-looks-to-imf-again-for-help-in-e...
Eurozone crisis: 'Merkozy' tries to ride to the rescue | Business | The ...
Merkel and Sarkozy seem to be winning the war to stabilise the euro, but is time running out? Heather Stewart on the single currency pantomime.
www.guardian.co.uk/business/.../merkozy-euro-crisis-rescue
Eurozone markets shake off fatigue - Nov. 29, 2011
Eurozone fatigue sets in with European stocks barely budging following a warning about possible bank downgrades and an Italian bond auction that drew ...
money.cnn.com/2011/11/29/markets/eurozone/index.htm
American banks: Contagion? What contagion? | The Economist
THE financial crisis of 2008 mowed down banks in America and Europe with equal abandon. Not so this year's upheaval. European banks, struggling to fund ...
www.economist.com/node/21541020
Eurozone banking system on the edge of collapse - Telegraph
The eurozone banking system is on the edge of collapse as major lenders begin to run out of the assets they need to keep vital funding lines open.
www.telegraph.co.uk/.../Eurozone-banking-system-on-the-edg...
City hiring plunges amid eurozone crisis - FT.com
City job vacancies fell by 42 per cent last month compared with a year ago, as hiring collapsed amid the deepening eurozone crisis, says a report by a leading ...
www.ft.com/.../a7355ec8-1d2e-11e1-a26a-00144feabdc0.htm...
GHEI: Eurozone free-fall - Washington Times
The finance ministers of the 17 eurozone countries are meeting in Brussels this week, desperate to come up with a solution as Italy heads toward financial chaos ...
www.washingtontimes.com/news/2011/.../eurozone-free-fall/
What Investors Can Do if the Eurozone Sovereign Debt Crisis ...
Two huge financial dangers that still seemed somewhat unlikely a few months ago now appear hard to avoid. First, the common euro currency is in deep trouble , ...
moneyland.time.com/.../how-to-know-when-the-euro-crisis-re...
Eurozone debt crisis worsens as financial world holds breath over ...
Eurozone debt crisis worsens as financial world holds breath over impending financial apocalypse.
www.naturalnews.com/034281_Eurozone_debt_crisis.html

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