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

Tuesday, December 27, 2011

Eurocrisis Deepens

The euro crisis deepens
The Guardian  "2012 will be its worst year yet"
Europe's leaders have spent most of the euro crisis denying there's a euro crisis. A "specific Greek problem", that they'd give you. Irish and Portuguese aberrations. As for the Spanish, that really was hard manchego. Wherever disaster struck over the ...

The Guardian

Euro zone worries overshadow US data boost
Reuters Video
Dec. 23 - Markets find cause for optimism after US data come in ahead of forecasts, but euro zonedebt worries dominate holiday-season sentiment.

Eurozone economy forecast to shrink in 2012
MaltaToday
Team of UK economists predicts the eurozone economy will shrink 0.6% in 2012 if the euro debt crisis is solved. The EU remains the world's largest collective trading bloc. The Centre for Economics and Business Research (CEBR) said the eurozone economy ...

Euro Crisis—Elites Show Their Hand
theTrumpet.com
The current euro crisis is creating ideal conditions for the emergence of a hidden elitist movement in Germany whose roots date back to the World War ii era. This is not the tattooed skinhead, racist, extremist, overt neo-Nazism of the type that gets ...

New risks for Ukrainian economy coming from eurozone
NRCU - Ukrainian Radio
Currently, the main risks for the Ukrainian and world economies are coming out of the eurozone hit by a debt crisis, Forex Club in Ukraine chief Mykola Ivchenko informed. According to him, the peak of the world economy's slowdown will be in the first ...

Japan hopes Europe will boost rescue mechanism-sources
Reuters
Since the beginning of the crisis more than two years ago, European leaders have orchestrated bailouts of Greece, Ireland and Portugal, set up a euro zone rescue fund and earlier this month agreed to boost the International Monetary Fund's resources by ...

EU trudges ahead with multiple reforms
China Daily
Since the advent of the debt crisis, the EU has been pressing ahead with financial and fiscal reforms aiming to install a firewall to stop the crisis contagion in the short and medium terms and to push forward fiscal reforms to root out the crisis once ...

MP Kelly to probe Euro crisis
Stourbridge News
DUDLEY South MP Chris Kelly will start the New Year by taking a close look at the eurozonecrisis. Euro-using nations will start 2012 fighting to keep their currency afloat and failure could have disastrous consequences for the British economy. ...

Weekly Outlook - Holiday Trading, Eurozone Downgrade Risks
Easy-Forex
The Eurozone Debt Crisis still creating market moving headlines but seems to have stabilized for the time being. News that the North Korea leader had died tempered risk appetite as the failed nuclear state began the transition to new leadership. ...

Peso dragged down by eurozone debt issues
Inquirer.net
MANILA, Philippines—The peso fell on the first trading day after Christmas amid persistent concerns over the prolonged crisis in the eurozone. The local currency closed at 43.58 against the US dollar on Monday, down by 11 centavos from the previous ...

See chances of many AAA nations being downgraded: Nomura
Moneycontrol.com
With the impending mass downgrade of several EU sovereigns hanging over the head of theeurozone, things are still relatively precarious in that area of the world. However, Alastair Newton of Nomura International believes that it's not going to be only ...

Don't Rush To Buy European Equities - Wait For Further Fall In Forward P/E
Seeking Alpha
Sure, this level is justified by the current funding stress of Eurozone peripheral sovereigns. But after all, if one shares the view that Germany has more to lose than to win from a Eurozone break up, the ECB intervention to buy Eurozone peripheral ...

Bulgarian PM: Fighting Financial Crisis Is Like Fighting War
Novinite.com
"I've put all my efforts in gearing up for the crisis to end. My lot was to rule during the harshest times ever. It's harsher only during a war," lamented the Bulgarian PM. Bulgaria : Bulgarian PM : Fighting Financial Crisis Is Like Fighting War.

Novinite.com

MARKET News: China, Japan to Strike Up Trade Deal in Early 2012; Euro Zone ...
Gainpips.com
When Asia was hit by a financial crisis in 1997, the IMF had to intercede with a three-year loan assistance worth more than $10 billion during the time. The International Monetary Fund back then said that the banking sector of Indonesia was not ready ...

Gainpips.com

Health chiefs warn of financial crisis and growing waiting times as the ...
Mirror.co.uk
by James Lyons, Daily Mirror 26/12/2011 THE number of NHS trusts facing financial problems has nearly doubled as the Government's funding squeeze bites. Care chiefs in 21 areas fear they will be strapped for cash at some point this year, ...

Denmark to take on diminished rotating presidency
Deutsche Welle
But how important is the rotating presidency anyway, especially these days when all that counts are the hard facts of the euro crisis? Since the Lisbon Treaty came into force two years ago, Herman Van Rompuy has served as the Council's long-term ...

Who Is Really Responsible for the Housing Crisis?
The Atlantic
Peter Wallison's recent article in The Atlantic, "Hey, Barney Frank: The Government Did Cause the Housing Crisis," is part of his ongoing attempt to show that the private financial industry was the victim, not the cause, of the financial crisis. ...

The Atlantic

Tough year in store for UK economy
The Press Association
The most serious threat to the UK's economic stability is somewhat out of the country's hands as the rumbling eurozone debt crisis is close to bringing about a financial catastrophe of shocking proportions. But while we are frequently told the ...

Mutual Fund themes for 2012
Economic Times
By Rupesh Bhansali, Head - Mutual Funds, GEPL CAPITAL 2012 is likely to be a volatile year for the markets in general due to the ongoing Eurozone crisis. Rising inflation has been on top of agenda for the Reserve Bank of India (RBI) over the last 18 ...

Ask an Expert: Small business trends to watch in 2012
USA TODAY
Whether it's the transformation wrought by our flat world or technology or social media or the seeming decline of the American economy or the Euro crisis or, oh, about 14 other things, this is both an exciting and nerve-wracking time to be in business. ...

USA TODAY

New Europe, but old rivalries
Victoria Times Colonist
As the so-called PIIGS countries (Portugal, Ireland, Italy, Greece, Spain) sink in a wallow of debt, officials with the European Union are trying desperately to organize a rescue plan. But instead of gratitude, their efforts have unleashed a torrent of ...

This Week's Agenda: Holiday Retail; 2012 Economy; Euro Zone
The Takeaway
Every Monday, The Takeaway looks at the big news stories from the week ahead. Christmas retail numbers and post-Christmas sales are expected to be stronger this year than in 2011. Heading into a presidential election year, voters will be looking to see ...

Rupee weakness versus dollar to continue
Daily News & Analysis
In the global currency market, price action continued to be driven by the events and data from the euro-zone. The pound rose to its highest level against the euro in nearly a year last week after better than expected retail sales in UK and continuing ...

Daily News & Analysis

The USD is locked into its recent ranges
FXstreet.com
by Union Bank Team - Union Bank, NA | View company's profile Japan downgrades its economic growth forecasts for FY'11 and FY'12 as a strong currency and the Eurozone debt crisis take their toll. The USD is locked into its recent ranges as market ...

Fit hai boss – Europe in 2011
Hindustan Times (blog)
The Eurozone crisis: The Euro was never a good idea, crowed the skeptics – never made sense to force a single currency among rich and poor countries alike without a fiscal standard. Now it's on the brink, courtesy of profligate (do they really mean ...

Christine Lagarde On Euro Crisis: “Grand Principles Don't Impress ...
By Hillary Reinsberg
When it comes to global economics, there's one woman we trust more than almost anyone else: IMF director Christine Lagarde. As usual, Lagarde keep it short, simple and incredibly clear when it comes to the troubled European economic ...
The Jane Dough | News and Opinion...

After Bulgarian “Sofia Wars”: “Eurozone Wars” | Emaj Magazine
By Maria Georgieva
Since 2008, the international economic and financial crisis has lead to a new concept of the Old continent. In recent days, following the tensions in Greece, proposals for a new Eurozone have arisen. This “new” Eurozone would only include ...
Emaj Magazine

Eurozone sees pesimistic economic forecast: 1% contraction | Expat ...
By vlad
The eurzone has received the most pessimistic news from the Institute of International Finance (IIF). Under his aegis are the world's most important banks.
Expat Times

Ernst & Young: Recession In Eurozone In H1 2012 Now Looking Increasingly Likely ...
By Rob Starr, Big4.com
Mark Otty, Ernst & Young Area Managing Partner for Europe, Middle East, India and Africa spoke recently about the uncertainly facing the Eurozone economy.
Big4.com

Will This Hypothetical Outlook and Imagined Resolution of America's ...
By Editor
Will This Hypothetical Outlook and Imagined Resolution of America's Financial Crisis Occur in 2012? Let's Hope Not! As economic and political matters become more desperate in the U.S., so will what the government considers acceptable. ...
munKNEE.com

My Eurozone Credibility Check-List Test | MyPress.SE - Universal ...
By NewsDesk - Christer Ornestad
“How much?” is important but “who pays?” is the question you must ask yourself again and again when a plan to deal with the debt crisis in the Eurozone is finally announced. If the answer isn't obvious then there may be trouble ahead. ...
MyPress.SE - Universal News Agency

The EU multiplied its efforts in 2011 against the euro crisis - Best ...
By Best Growth Stock
Best Growth Stock - The European Union this year multiplied their efforts against the euro crisis, with no less than ten peaks, but have not been able to find.
Stock Market News

Don't Rush To Buy European Equities - Wait For Further Fall In ...
By William Arrata
Sure, this level is justified by the current funding stress of Eurozone peripheral sovereigns. But after all, if one shares the view that Germany has more to lose than to win from a Eurozone break up, the ECB intervention to buy Eurozone ...
SeekingAlpha.com: Home Page

Forex – USD/CAD weekly outlook: December 26 — Clearing and ...
By RSS Feed
Forexpros – The U.S. dollar was almost unchanged against its Canadian counterpart on Friday, as markets were jittery amid renewed concerns over the debt crisis in the euro zone. USD/CAD hit 1.0182 on Friday, the pair's lowest since ...
Clearing and Settlement — Clearing...

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