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

Saturday, December 24, 2011

Predictions for 2012: eurozone debt crisis

Predictions for 2012: eurozone debt crisis
Telegraph.co.uk
Forget resolutions: leaders will take the embattled eurozone to the edge of the political and economic abyss before deciding to resolve the crisis. In 2012, leaders will take the embattled eurozone to the edge of the political and economic abyss before ...

Telegraph.co.uk

Moody's keeps Austria at AAA, eyes euro zone crisis
Reuters
By Michael Shields | VIENNA/LONDON (Reuters) - Moody's held Austria's top sovereign rating with a stable outlook on Friday but warned the debt crisis posed a credit risk for it and most euro zonestates, putting pressure on the region's policymakers to ...

Eurozone banks park huge amount of funds at ECB
Economic Times
FRANKFURT: Eurozone banks deposited the biggest amount of overnight funds at the ECB for more than a year on Thursday, official data showed Friday in a fresh sign of banks' wariness of lending to each other. Banks put 347 billion euros ($453 billion) ...

China makes record purchase as eurozone puts assets up for sale
Christian Science Monitor
China's $3.5 billion investment in Portugal power producer is its largest yet in Europe, and signals willingness to buy assets even as it balks at purchasing bonds from indebted eurozone countries. By Peter Ford, Staff Writer / December 23, ...

Christian Science Monitor

Moody's downgrades credit ratings for Slovenia over heightened risks from ...
Washington Post
Moody's Investors Service has downgraded the credit ratings for Slovenia, saying the country's government faces risks from the eurozone debt crisis and the potential that it may need to step in and provide financial support to banks. ...

S&P report on euro zone ratings expected in Jan -sources
Reuters
LONDON Dec 23 (Reuters) - Standard & Poor's is expected to release its eagerly awaited verdict on debt ratings for 15 euro zone countries in January, two independent European government sources told Reuters. "We have got an informal signal from ...

Departing European Central Bank official says bond buys sealed sense eurozone ...
Washington Post
Juergen Stark said in an interview published Friday in Germany's Die Welt newspaper that the controversial purchases were one of the developments that convinced him the eurozone “was on the wrong track.” That came on top of a decade-long failure by ...

Eurozone crisis live: Will the credit ratings agencies spoil Christmas?
The Guardian
8.05am: Moody's has maintained Austria's AAA rating but warned that the eurozonecrisis still poses a serious threat. It said: Austria's AAA ratings currently carry a stable outlook but this increasingly becomes dependent on a resolution of the wider ...

The Guardian

Eurozone meltdown clinches top CTV News story of 2011
CTV.ca
(AP / Michael Probst) From austerity measures to stimulus packages, massive protests and crushing economic pressures that threatened the global economy, the Eurozone's meltdown made headlines all through 2011 and has earned the title as CTV's top news ...

Portugal Minister More Optimistic On Euro Zone Crisis
Wall Street Journal
By PATRICIA KOWSMANN LISBON (Dow Jones)--The euro zone and Portugal are in a much better position to overcome the crisis that has threatened the common currency than they were weeks ago, Portugal Finance Minister Vitor Gaspar said in an interview. ...

ECB's Bini Smaghi opens door to euro zone QE debate
Moneycontrol.com
With no end in sight to the euro zone debt crisis, pressure is growing on the ECB to deploy similar crisis-fighting tools as its peers in Britain or the United States, but the bank - supported by Germany - has steadfastly resisted. ...

Moneycontrol.com

Debt crisis is changing business attitudes to eurozone says IOD chief
Norfolk Eastern Daily Press
The continuing eurozone debt crisis is changing the attitudes of UK business leaders towards the European Union, according to the regional head of the Institute of Directors. ...

Norfolk Eastern Daily Press

Central bank is pessimistic over eurozone fallout
Taipei Times
However, if the eurozone's debt crisis deteriorates, it could severely hurt Taiwan's economy next year and would bring down economic growth to a level lower than South Korea's GDP growth, based on the three worsening scenarios simulated by the ADB. ...

Canada Finance Minister: Euro Zone May Enter 'Serious' Crisis
Wall Street Journal
OTTAWA (Dow Jones)--Canada's Finance Minister Jim Flaherty said the euro zone sits on the brink of a "very serious crisis," and may require European leaders to use taxpayers' cash to recapitalize the region's banks and stabilize financial markets. ...

Blindsided by Financial Crisis, and Trying to Rebuild
New York Times
To Tahesha Calder, her bond with her young son was slipping away. It seemed as if whenever she had a chance to see him, he was asleep. “I would bring him to the day care sleeping and pick him up at my mother's house sleeping,” Ms. Calder said. ...

New York Times

Britain's banks "planning for collapse of eurozone"
Mirror.co.uk
by Clinton Manning, Daily Mirror 23/12/2011 BRITAIN'S banks have drawn up secret plans to cope with the collapse of the eurozone, it emerged last night. Sir Philip Hampton, chairman of bailed-out Royal Bank of Scotland, let the cat out of the bag in a...

Mirror.co.uk

Eurozone Crisis: Greek Investment Head Says Greece Will Not Leave The Euro
Huffington Post UK
However, with big uncertainties hanging over the entire eurozone, the money is being held in reserve. The decision by the ECB earlier in the week to release nearly €500bn in cheap loans toeurozone banks is a "good signal to the markets," Syngros said. ...

ECB's £489bn will 'buy valuable time' but is no eurozone debt bazooka
Telegraph.co.uk
The European Central Bank's (ECB) unprecedented provision of a €489bn (£407.5bn) in cheap loans will "buy valuable time" for eurozone banks but has not improved their credit outlook, a director of Standard & Poor's (S&P) has warned. ...

Telegraph.co.uk

CIOs Must Weigh Euro Crisis Impact
Investor's Business Daily
With uncertainty facing all companies in the euro zone, a study says chief information officers must act fast to assess the crisis' impact on their businesses. IT researcher Gartner says the risks to companies include government/bank default, ...

Washington Responsible for Financial Crisis
Mortgage Daily
Two lawsuits filed last week by the Securities and Exchange Commission against former senior executives at Fannie Mae and Freddie Mac put the spotlight on the government's role in thefinancial crisis, according to a newspaper editorial that puts the ...

Analysis - As euro steadies, fund managers hedge bearish bets
Reuters
But they have put on trades that will pay off as well if the euro zone recovers from the crisis. While Europe's debt drama kept markets on edge for most of the year, the euro is only down 2.6 percent against the dollar in 2011. ...

Forex Flash: More Eurozone crisis in 2012 - Commerzbank
NASDAQ
A downgrade of the Eurozone countries is likely after S&P having announced it would examine its rating ahead of the disappointing EU summit. The low volume should increase volatility toward downgrade expectations with risks of a "snowball effect". ...

Gold edges up after upbeat US data; Eurozone sentiment weighs
Economic Times
SINGAPORE: Gold inched higher on Friday in thin trade, taking cues from higher equities after upbeat US economic data encouraged investors, while the persistent gloom hanging over the euro zone weighed on sentiment. Data showing a drop in US jobless ...

OECD's Padoan says euro zone breakup would be very negative: Report
Economic Times
MILAN: A break up of the euro zone would be an extremely negative event and the costs of leaving the euro even for a country like Greece would far outweigh the benefits, OECD chief economist Pier Carlo Padoan said on Friday. "It would translate into ...

The Eurozone crisis is expected to affect negatively the Montenegrin economy ...
Balkans.com Business News
The Eurozone crisis is expected to affect negatively the Montenegrin economy and the 2012 Budget is to be the most significant instrument in handling the situation.The substantional cuts in public expenditures, deficit and issued guarantees are hoped ...

Solution to euro crisis 'key' to fate of the rand
Business Day
EMERGING-market currencies have taken a pounding this year, reflecting concern over the global economy and Europe's inability to find a long-term solution to its sovereign debt crisis, with the rand shedding 28% in value against the dollar this year. ...

Business Bullet: Eurozone, Gold tip, US outlook and home equity
Telegraph.co.uk
Robert Miller with the main City and business news as markets drift higher while traders square-off their books before the year-end and wait until 2012 before resuming their assault on weakenedEurozone economies; Business Bullet's gold tip and how it ...

2012 Should Be a Vintage Year for the Dollar
Wall Street Journal (blog)
Chief among these is China, which appears to be suffering not only from slow growth in major export markets such as the euro zone but from the sharp tightening in monetary policy Beijing employed earlier in the year to prevent overheating. ...

Euro fears 'affecting UK prospects'
The Press Association
But even this pessimistic outlook depends on the eurozone countries struggling through the sovereign debt crisis without a collapse in the single currency, said OBR chairman Robert Chote. An escalation in the crisis could have knock-on effects on ...

The Financial Crisis on Trial (Fannie And Freddie ... - Implode-Explode
For the first time in a government report, the complaint has made it clear that the two government-sponsored enterprises (GSEs) played a major role in creating the demand for low-quality mortgages before the 2008 financial crisis. ...
Implode-Explode Heavy Industries...

S&P to publish rating reports on 15 Eurozone members in January ...
Eurogroup's Juncker: Disturbed by the timing of rating agencies announcements S& P warnings on AAA ratings are a real concern In favour of a.
ForexLive

Blogoir: Martin Feldstein on the Eurozone
Eurozone problem addict? It doesn't get better than top US economist Martin Feldstein, who has the great advantage of having said right from the start that the project as conceived was unworkable if not dangerous. Here he is explaining in ...
blogoir

ECB Injects Capital To Euro Zone | OnlineForexTrading.com
By Hiland Doolittle
For the time being, the news from the euro zone seems to have stabilized the region. On Friday, the euro held ground as euro zone equities turned upwards. The European Central Bank's commitment to pump 500 billion in three year notes ...
Online Forex Trading Blog

Iceland is our modern Utopia | Presseurop (English)
Eurozone crisis. Iceland is our modern Utopia .... News briefings. Euro, a currency living on borrowed time · Greece, the neverending crisis · Panic in the eurozone · Berlin and EU, no easy relationship · See all briefings ...
Presseurop

As Eurozone Crisis Deepens, Fight to Save Emissions Trading ...
By Mason Inman
As Eurozone Crisis Deepens, Fight to Save Emissions Trading Scheme Begins. Posted by Mason Inman of The Nicholas Institute for Environmental Policy Solutions, Duke University December 22, 2011 Comments ...
The Great Energy Challenge

Avery Goodman: Euro zone gets vast bond monetization through the ...
By goldguru
GATA 11:11p ET Thursday, December 22, 2011 Dear Friend of GATA and Gold: Securities lawyer Avery Goodman explains at Seeking Alpha tonight how the.
Gold Newswire

Eurozone Crisis to Slow 2012 Growth, but Outlook for Turkey is ...
By Matthew Spivack
Eurozone Crisis to Slow 2012 Growth, but Outlook for Turkey is Promising. By Matthew Spivack | Published December 23, 2011. Trend. Turkey's economy is growing at a slower pace than it did in H1 2011, a trend that will become more ...
Emerging Markets Insights

XE.com - UPDATE 3-Moody's keeps Austria at AAA, eyes euro zone ...
Moody's held Austria's top sovereign rating with a stable outlook on Friday but warned the debt crisis posed a credit risk for it and most euro zone states, putting pressure on the region's policymakers to take action.
XE Forex News

Let's say Merkel and Draghi get the EuroZone to follow their plan ...
By Jim Jubak
Maybe you think the “solutions” to the euro debt crisis being pursued by German Chancellor Angela Merkel and European Central Bank President Mario Draghi.
Jubak Picks

Knight Frank | Euro crisis fails to dent luxury French holiday-home ...
By Vicki.Shiel2
Despite the relentless turmoil engulfing the eurozone, Paul Humphreys, head of Knight Frank's French desk, was in an upbeat mood when I caught up with him today, and it wasn't just down to Christmas. According to Paul, his team has ...
Knight Frank

Eurozone crisis will not be solved by rolling back the EU
All the latest news from the Press Service of the European Parliament: votes, resolutions, debates, parliamentary committees and the plenary.
www.europarl.europa.eu/news/en/.../20111219IPR34543/

Flowcharting The True Cause Of The Eurozone Crisis | ZeroHedge
All neoclassical-Keynesians or whatever else they like to call themselves these days (mendacious voodoo shamans works great but for some reason is ...
www.zerohedge.com/.../flowcharting-true-cause-eurozone-cris...

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