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

Saturday, December 3, 2011

Merkel: Financial crisis solution to 'take years'

Merkel: Financial crisis solution to 'take years'
USA Today
Rising borrowing costs fed by fears of default led to Greece, Ireland and Portugal seeking bailout loans from other eurozone governments and the International Monetary Fund. Similar fears are afflicting Italy and Spain, which are too large to bail out, ...
Avoid a contagion, help resolve Wenatchee's debt crisis
The Seattle Times
In an already fragile finance environment, state Treasurer Jim McIntire and key legislators worry that Thursday's default on $42 million in bond debt on the Town Toyota Center will alarm investors, shake confidence in regional debt offerings and make ...
Financial crisis weighing heavy on wheat prices
Southwest Farm Press
If Greece, Italy and Spain default on the debt, the German, French, and US economies will be affected. Other reasons for lower wheat prices are higher than expected world wheat supplies and lower corn prices. Since mid-June 2011, corn prices have ...
Mervyn King financial crisis: In 30 years, I've never heard such talk from a ...
Daily Mail
By Alex Brummer No one can accuse the Governor of the Bank of England, Sir Mervyn King, of pulling his punches. The normally calm and phlegmatic career banker cut loose in his latest pronouncement on the global financial meltdown, declaring that the...
How a credit crisis spreads
Financial Post (blog)
By Michael Flaherty and Stephen Aldred HONG KONG — Under pressure from a spiralling debt crisis at home, Credit Agricole and other European banks are offloading more of the loans they hold in Asia, squeezing up lending rates and making it tougher for ...
Paul Krugman / Syndicated Columnist The European fiscal crisis: confidence ...
The Seattle Times
But even optimists now see Europe as headed for recession, while pessimists warn that the euro may become the epicenter of another global financial crisis. How did things go so wrong? The answer you hear all the time is that the euro crisis was caused ...
Janjuah Says Greece, Portugal Could Default in 2012
Washington Post
Dec. 2 (Bloomberg) -- Bob Janjuah, the co-head of cross-asset allocation strategy at Nomura International Plc, talks about the US economy, outlook for European economies in 2012 and investment strategy. He speaks with Maryam Nemazee on Bloomberg ...
Corporate Bond Risk Falls in Europe, Credit-Default Swaps Show
Bloomberg
By Abigail Moses - Fri Dec 02 09:54:34 GMT 2011 The cost of insuring against default on European sovereign and financial debt fell, heading for the biggest-ever weekly decline and the first drop in five weeks. The Markit iTraxx SovX Western Europe ...
David Brooks / Syndicated columnist Europe's fiscal crisis: protecting the ...
The Seattle Times
That didn't happen after the US financial crisis of 2008. The people who caused the crisis were never held responsible. There never was an exit strategy to unwind the gigantic debt buildup. The structural problems plaguing the economy remain ...
Merkel: Financial crisis solution to 'take years'
Newsday
Click here Merkel: Financial crisis solution to 'take years' Originally published: December 2, 2011 3:23 AM Updated: December 2, 2011 5:18 AM By The Associated Press MELISSA EDDY (Associated Press) (AP) -- German Chancellor Angela Merkel flatly ...
German Environment Minister says financial crisis sounds a climate warning
Deutsche Welle
As the high level segment of climate talks in Durban approach, German Environment Minister Norbert Röttgen tells Deutsche Welle about the message he plans to take to his American and Chinese counterparts. On the eve of his trip to Durban, South Africa, ...
Fiscal crisis
Lawrence Journal World
By Ray Finch, Lawrence When reading Mike Hoeflich's ominous screed (“US facing constitutional crisis,” Journal-World, Nov. 30), I was reminded of the sick patient, who rather than opting for painful surgery, kept trying to find a doctor who would tell ...
Will Greece Be Rescued Too?
Wall Street Journal (blog)
The upward trend in Greek yields even as they've dropped for every other crisis-hit euro-zone country suggests Greece remains more or less where it was before contagion caught hold across the single-currency region. The market says Greece will still ...
EBRD: International Banks Increase Risk Of Contagion During Crises
Wall Street Journal (India)
LONDON (Dow Jones)--Banks that operate in a number of countries can help to spread instability during a financial crisis, the European Bank for Reconstruction and Development said Friday. The EBRD said that recent research by its economists examined ...
Bad credit? You might need to work on your patience
Globe and Mail
Economists, working at the US Federal Reserve's Center for Behavioral Economics and Decision making at the time of the research, recruited 437 low-to-moderate income participants to examine the psychological factors that explain why people default on...
Part VII - The Dominant Causes of the Credit Crisis. Why productivity has lost ...
Gold Seek
If the United States does not find a way to distribute the gains and profits from increased productivity more evenly in order to strengthen demand (See Part IV of The Dominant Causes of the Credit Crisis), it is facing a future of even slower growth ...
As Worry of Recession in US Abates, Concerns Persist Over Economic Impact of ...
PR Newswire (press release)
However, anxiety over the economy persists as a consequence of bank liquidity contagion risks currently emanating out of Europe, and the lack of clarity over a workable solution to the crisis. This information is published in the Lookout Report for ...
Euro effect: Europe's fiscal crisis not hitting Central Pennsylvania — yet
Central Penn Business Journal
The Moody's credit rating agency sees increased risk that one or more eurozone countries mightdefault, abandon the euro, or both, the same article reported. If handled badly, such developments could lead to a replay of the 2008 financial crisis, ...
Thales 5-year Credit Default Swap tightens 5.58 basis points falling for a ...
Military & Aerospace Electronics
Thales 5-year Credit Default Swap (HO.FR) fell 5.58 basis points (or 3.5%) to close at 154.6 basis points. The CDS fell for a fourth consecutive day on Thursday bringing its four-day fall to 21.74 basis points or 12.3%. ...
'We're at the early stages of a credit crisis' says Schroders' Alan Brown
HedgeWeek
If the wheels fall off the eurozone it will present a “very serious risk” in Brown's opinion, who stated: “We're at the early stages of a credit crisis, yields are coming under pressure as money migrates to Germany. Right now the outlook ranges from ...
Student Loan Defaults: CreditQ.com Addresses Potential Loan Crisis, Offers Advice
San Francisco Chronicle (press release)
In a new article entitled, "Student Loan Debt: How to Avoid a Default", CreditQ.com discusses the factors contributing to the rise in student loan defaults, as well as some strategies and resources for borrowers that are saddled with insurmountable ...
Prodi slams Germany for slow reaction to financial crisis
New Europe
Italian former prime Minister and European Commission President Romano Prodi has berated Germany for its "late and inadequate reaction to the European financial crisis". He referred to the Greek situation, when in the beginning, the problem was ...
RealClearPolitics - Contagion Catastrophe in Europe
By Jim Tankersley, National Journal
This is the worst-case scenario from Europe, and it just might come true: Italy defaults on its debts. Every major Italian bank collapses. Recession grips the eurozone. Sovereign defaults and bank failures ripple across the Continent. Saddled ...
RealClearPolitics - Homepage
German Chancellor Merkel: European financial crisis solution a ...
German Chancellor Merkel: European financial crisis solution a process that 'will take years' - AP.
Breaking news
Angela Merkel: Solving European Financial Crisis Will 'Take Years'
By The Huffington Post News Editors
BERLIN — German Chancellor Angela Merkel pushed forward Friday with what markets see as an emerging plan for more effective action to contain the European financial crisis, urging tougher rules against government overspending. She said next week's European Union summit ... Rising borrowing costs fed by fears of default led to Greece, Ireland and Portugal seeking bailout loans from other eurozone governments and the International Monetary Fund. Similar fears are afflicting Italy and Spain, ...
The Huffington Post | Full News Feed
Measuring Europe's Contagion | David Kotok | FINANCIAL SENSE
By David Kotok
We have elected not to utilize credit default swaps (CDS) as the vehicle to price default risk andcontagion risk in Europe. The historical pricing of CDS is meaningless on European sovereign debt. It was established during a period in which ...
Financial Sense
Credit Crisis Bailout Bandits: The Biggest Borrowers From the U.S. ...
Credit Crisis Bailout Bandits: The Biggest Borrowers From the U.S. Federal Reserve :: The Market Oracle :: Financial Markets Analysis & Forecasting Free Website. ... Eurozone Being Swallowed by Expanding Debt Black Holes, Mega Bond Market Profits and Default Booms - Nadeem_Walayat. 2.Ron Paul on Return to the Gold Standard .... Money Morning staff reports writes: The Eurozone debt crisis has replaced the U.S. financial crisis as the disaster du jour. But make no mistake: ...
The Market Oracle
Merkel: Financial Crisis Solution To 'Take Years' | Boise State Public ...
By NPR
German Chancellor Angela Merkel flatly rejected any quick-fix ideas to try to resolve the Europeanfinancial crisis, telling lawmakers Friday that treaty changes and a stricter fiscal union were the only path forward — a process that could take ...
Boise State Public Radio
Merkel: Financial Crisis Solution To 'Take Years' - K2 Radio
By Associated Press
Merkel: Financial Crisis Solution To 'Take Years'. by: Associated Press 4 hours ago. Sean Gallup/Getty Images. BERLIN (AP) — German Chancellor Angela Merkel pushed for stronger rules against overspending as the long-term answer to ...
K2 Radio
Merkel: Financial crisis solution to 'take years' « New Hampshire ...
By Associated Press
BERLIN (AP) — German Chancellor Angela Merkel flatly rejected any quick-fix ideas to try to resolve the European financial crisis, telling lawmakers Friday that treaty changes and stricter controls were the only path forward — and that the ...
New Hampshire Journal
Is Germany responsible for the financial crisis? « Skeptizissimus ...
By Skeptizissimus
But more important, we ourselves suffer also from the Euro, the EU, the so-called financial crisis, and the crimes that are justified through it. As in Greece and Spain, everything has become more expensive in Germany through the Euro, partly ...
Skeptizissimus Deutsch
Merkel: Financial crisis solution to 'take years' - KOTV.com
BERLIN (AP) - German Chancellor Angela Merkel pushed forward Friday with what markets see as an emerging plan for more effective action to contain the European financial crisis, urging tougher rules against government overspending. She said next week's European ... Rising borrowing costs fed by fears of default led to Greece, Ireland and Portugal seeking bailout loans from other eurozone governments and the International Monetary Fund. Similar fears are afflicting Italy and ...
NEWS ON 6 - News
Authors on America's financial crisis to faltering education - CBS ...
CBS News video: Authors on America's financial crisis to faltering education - Authors Walter Isaacson, Kathryn Stockett, former Secretary of State Condoleezza ...
www.cbsnews.com/video/watch/?id=7389718n

Euro Crisis - Google News

Fiscal Cliff - Google News

Economics, interest rates, house prices, inflation, Bank of England

Markets News - Global Financial Market News

Financial Crisis

Jeremy Warner - Finance and business comments

Ambrose Evans-Pritchard - Finance and business comments

Jeff Randall - Business and politics comments

New Normal News

Views under the Palm

johnyah