Eurozone still under pressure post-summit
Italy's last bond auction of the year Wednesday showed the debt-ridden country having to pay even higher borrowing rates to get investors to part with their cash — the eurozone's third-largest economy paid 6.47 percent interest to borrow euro3 billion ...
Westpac Says Euro Crisis May Hit Australian Credit
Wall Street Journal
"When they open up, our estimation is that the cost of raising money in term markets will actually be more than it was at any point during the global financial crisis," she said. Westpac has liquid assets of more than 100 billion Australian dollars ...
Bernanke to discuss European financial crisis with Republican senators
WASHINGTON — Federal Reserve Chairman Ben Bernanke will meet with Senate Republicans on Wednesday afternoon to discuss his views of Europe's financial crisis. Bernanke's appearance follows an invitation from Sen. Lamar Alexander of Tennessee, ...
Eurozone Industrial Output Declines For Second Month
(RTTNews.com) - Eurozone industrial production declined for the second straight month in October, weighing on the economic outlook for the final quarter of the year, official data showed Wednesday. Industrial output dropped slightly by a seasonally ...
PRECIOUS-Gold reels near three-month lows as euro crisis rages
By Amanda Cooper LONDON, Dec 14 (Reuters) - Gold tumbled to its lowest level since early October on Wednesday, set for its weakest monthly performance since September, as a weak euro and a shortage of dollar funding over the year-end prompted investors ...
Eurozone break-up can't be ruled out: RBA
By finance reporter Sue Lannin The outgoing deputy governor of the Reserve Bank says a breakup of the eurozone cannot be ruled out. In his final speech before he retires, at a financial conference in Sydney, Ric Battellino said the situation in Europe ...
Eurozone crisis threat to UK farming
The crisis in the Eurozone and Prime Minister David Cameron's veto of a Brussels treaty on EU debt, could have a serious impact on British agriculture, according to the NFU. Questions have been raised about the possible agricultural implications of Mr ...
Euro Crisis: Nightmare Scenarios For US Travelers
Guillén laid out three possible scenarios for how the current euro crisis will end up. Each of theEurozone's 17 member countries goes back to its own national currency. Guillén says it's a bad idea for business in general and for travelers in ...
Eurozone Debt Crisis Hurting London Home Prices in Q4
World Property Channel
According to London-based Chesterton Humberts/CEBR November House Price Poll of Polls, confidence in the housing market has taken a knock as the dual effects of the Eurozone debt crisis and high inflation in the UK rein in demand. ...
Summary Box: Germany reactivates bank rescue fund as eurozone debt crisis ...
RESCUE ME: Germany's government moved Wednesday to reactivate its financial sector rescue fund as the eurozone debt crisis raises more questions about how banks can cover their capital needs. EXPANDING NEED: The fund, first established at the height of ...
Eurozone worries hit Asian companies
Financial Times (blog)
Asian companies are worried about the unfolding eurozone crisis, but few are doing much about it beyond hoarding cash, according to a new survey from Citigroup. Most companies in Asia have been increasing their cash levels or liquidity, and a quarter ...
NZ dollar falls on renewed Eurozone fears
The New Zealand dollar dropped to 75 US cents after Italy was forced to pay a euro-era high yield to sell bonds, stoking Eurozone debt crisis fears. The kiwi fell to 75.01 US cents just after 8am, from 75.69 cents at 5pm. The trade-weighted index ...
Even market rocket scientists find euro crisis a challenge
Quantitative trading depends on spotting trends but, in addition to the euro crisis, intervention by a couple of G10 central banks has made life tough for the quant in 2011. Three months after the Swiss National Bank set a target in the euro/Swiss ...
Financial crisis fallout: The Great Workout
In the fourth and final part of a series focusing on the global financial crisis, Bermuda Commercial Bank treasurer Dane Commissiong looks at the repercussions of massive destruction of wealth. There are varying estimates of the amount of wealth that ...
Finnish government survives no-confidence vote on eurozone bailout policy
The motion was proposed by the main opposition The Finns party, which opposes bailouts for cash-strapped eurozone members. The populist party made strong gains in April elections to become the country's third largest political group and was initially ...
Asia feeling the chill from eurozone
By FT Reporters The city of Haining near Shanghai in Eastern China is famous for exporting socks all over the world but in recent months the city's factories have been hit by a chill emanating from the troubled eurozone. “Haining's sock companies have ...
FOREX: Euro Crisis Still in Focus, Merkel and Bond Auctions on Tap
The Euro crisis remains in focus, with investors focused on a speech from Angela Merkel as well as a pair of bond auctions from Italy and Germany. The major currencies consolidated in choppy ranges against the US Dollar overnight as markets digested ...
Eurozone Crisis To Have Limited Impact On Pacific Nations: ADB
(RTTNews.com) - The ongoing sovereign debt crisis in the Eurozone is likely to have very limited impact on the Pacific countries as the region's growth prospects are more closely linked to Australia and New Zealand, a report by the Asian Development ...
Fresnillo leads the fallers as FTSE loses more than 2% on eurozone worries
The Guardian (blog)
With investors shying away from risk once more as eurozone fears re-emerged, precious metals miner Fresnillo was the biggest faller in the leading index. Gold and silver both lost ground as the dollar became the last remaining safe haven. ...
The political endgame for the euro crisis | vox - Research-based ...
The euro crisis continues to deepen, as European leaders continue with their 'too little too late' policy reforms. This column argues that fixing the Eurozone problems requires a strong direction of fiscal and banking policy, but that this in turn ...
VoxEU.org: Recent Articles
London vs. the Eurozone - Howard Davies - Project Syndicate
By Howard Davies
David Cameron's veto of the plan to save the euro was a big gamble, and suggests that the UK is shuffling towards the EU exit.
Today on the Eurozone Crisis, Arnold Kling | EconLog | Library of ...
By Arnold Kling
We're going to be gearing the eurozone banking system up on sovereign debt. Which means that if anyone does in fact default then the eurozone banking system really will go bust, crash and burn in a great big ball of flames. ...Have a nice ...
EconLog: Library of Economics...
European financial crisis could turn 2012 into an economic ...
By James Pethokoukis
Anyway, it's certainly becoming clear to markets that the recent eurozone “fiscal compact” agreement solves nothing. Here's your trouble: a) too many countries in the eurozone are economically uncompetitive; b) these nations can no longer ...
The Enterprise Blog
Eurocrisis: Invite Great Britain To Join NAFTA
By Peter Schweizer
Great Britain is fighting hard for its place in an increasingly troublesome European Union (EU) by standing for sovereignty and national independence. How to fix it? Economist Clyde Prestowitz makes this brilliant proposal in Foreign Policy: ...
Fuel Fix » Doubts about eurozone fiscal deal grow
By FT.com - Energy
Doubts about eurozone fiscal deal grow. ... Tweet. Share share E-mail. The euro fell to its lowest level against the dollar this year as doubts about the deal to solve the eurozone debt crisis grow. 0. |. Tweet. Share share E-mail. « Previous Post ...
Spotlight G20: Eurocrisis Solutions for Whom? » TripleCrisis
By Matias Vernengo
Spotlight G20: Eurocrisis Solutions for Whom? Triple Crisis blogger Matías Vernengo was recently interviewed by the Real News Network on Europe's new fiscal compact, which he argues is based on interests of bankers, large companies ...
Bernanke To Brief Senate Republicans On Eurozone Crisis
By Zeke Miller
GOP lawmakers want to learn more about the potential fallout.
EconomicPolicyJournal.com: The State of the PIIGS
By email@example.com (Robert Wenzel)
Here's the one chart that explains the eurozone crisis. Market participants are requiring higher and higher interest rates to hold debt issued by the PIIGS. The higher interest rates make it more and more difficult for the PIIGS governments to ...
Germany's Angela Merkel says Eurozone fiscal union 'is not ...
Germany's Angela Merkel says Eurozone fiscal union 'is not completed, but it has been started, and I believe it is irrevocable' - @BBCNews.
Eurozone Chaos by Richard Russell
At last, Saturday I left the rehab center and returned home. It was quite a shock to return to the new homestead (I had only been living there 18 months). Being at rehab ...
The Curious Diary of Mr Jam: Instant guide to the Euro crisis
By Mr Jam
All you need to know to become an expert TODAY, BOYS AND GIRLS, let's become instant experts on the Euro crisis, which is now reaching a dramatic climax, just like it did last week and the week before that, etc....
The Curious Diary of Mr Jam
Eurozone crisis: Death of the euro need not be a disaster | Mail Online
The idealism that drove the EU's founders has long since sunk beneath a sea of flagrant corruption, political self-interest and financial anarchy, says DOMINIC ...
A necessary euro crisis | Vicky Pryce | Comment is free | The Guardian
Vicky Pryce: The crisis in Europe will help it move towards proper union. But we will need many more.
Airlines could lose $8 billion from euro crisis - Business - US ...
"The biggest risk facing airline profitability over the next year is the economic turmoil that would result from a failure of governments to resolve the eurozone ...
5 Ways The Eurozone Crisis May Impact You | Bankrate.com
You've been watching the eurozone crisis play out on TV. Find out how it could affect you.
Thursday, December 15, 2011
Eurozone still under pressure post-summit
"If you're going to panic, do it fast and beat the crowd." ~ Jesse Livermore