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

Tuesday, January 3, 2012

Bad to worse: Eurozone slides into recession

Weak manufacturing output signals eurozone's slide to recession
The Guardian
European leaders were on Monday confronted by the ugly prospect of a second recession in three years after figures showed that manufacturing output across the eurozone declined in December for a fifth consecutive month. Italy, Greece and Spain saw the ...

The Guardian

For Europe, Bad to Worse
Wall Street Journal
The rocky road was thanks to weakening economic performance across the continent and, most of all, to the euro-zone debt crisis. The economic story is almost certain to be worse. Europe saw modest growth in the first quarter of 2011, ...

Eurozone leaders seek to buy time as debt sales loom
Economic Times
BERLIN: European leaders return to work this week seeking to buy time for the Spanish and Italian governments to wrest control over their debt and rescue the single currency from fragmentation in its 10th anniversary year. Some Euro 157 billion, ...

Euro-Zone Manufacturing Activity Falls for Fifth Month
Wall Street Journal
By PAUL HANNON LONDON -- Manufacturing activity in the euro zone declined for the fifth straight month in December, although less sharply than earlier in the fourth quarter, according to a survey of purchasing managers released Monday. ...

Five Eurozone Acronyms Explained
San Francisco Chronicle
If you're confused every time the news media throws around a collection of letters when they report on the eurozone, we're here to help. Let's figure out what these five popular acronyms mean. Just as the United Nations takes on the implied role of ...

Eurozone crisis: Spain's deficit could be higher than predicted
Daily Mail
The news is particularly worrying as Spain is part of the so-called PIIGS grouping of countries facing financial crisis, along with Portugal, Ireland, Italy and Greece. Spain's conservative Popular Party swept to victory in the November 20 general ...

Daily Mail

European Central Bank increases bond purchases from minimal buys of previous weeks
Washington Post
FRANKFURT, Germany — The European Central Bank increased the bond purchases that have helped ease pressure on indebted governments from the eurozone debt crisis last week. The bank bought €462 million ($598 million) in bonds, up from a bare €19 ...

'No global financial crisis for now'
by Cheow Xin Yi SINGAPORE - A full-blown global financial crisis, which will plunge the Republic into recession, is not on the cards for now, according to Trade and Industry Minister Lim Hng Kiang. Still, with the euro zone crisis delicately poised, ...

Eurozone collapse 'starts this year' says CEBR
As the crisis weighs on countries across Europe, economists are predicting that recession will return to the region next year, with the CEBR forecasting that gross domestic product will decline by between 0.6pc and 2pc. Eurozone collapse ' starts this ...


Germany booms despite Eurozone woes
Al Jazeera
The country's national statistics office has announced that more than half a million jobs were created last year despite the Eurozone crisis leaving that number at 82 million - a record for Europe's largest economy. Al Jazeera's Nick Spicer reports ...

German, French stocks up in light trading
The Associated Press
Data releases later in the week such as eurozone inflation on Wednesday and German factory orders and US non-farm payrolls on Friday will give traders more grist. The US employment figure is expected to rise by some 150000 after increasing 120000 in ...

Eurozone nations facing big hurdles early in 2012
With government finances under pressure, the eurozone will find it even more difficult to shore up shaky banks and reduce the high borrowing costs that threaten Italy and Spain with financial ruin. As early as the second full week of January, ...

Euro crisis 'overplayed'
Warwick Daily News
EUROPE may be experiencing an economic crisis, but president of the Chamber of Commerce David Littleproud says we have nothing to fear. Although Australia has felt the pinch a little bit, he said our local economy was good and we should not be too ...

Cameron: we are not immune from eurozone crisis
Gulf Times
By Nicholas Watt/London David Cameron yesterday served notice that the economy faces another tough – and possibly worse – year as he admits that Britain may only win a temporary respite from the crisis in the eurozone. As Angela Merkel and Nicolas...

Gulf Times

News Analysis: German economy faces uncertainty in 2012 despite strong performance
2 (Xinhua) -- As Germany registered unprecedentedly high exports and record low unemployment, the powerhouse of eurozone economy ushered in a new year with brimming confidence. There is a prevailing sense of optimism in the air for corporate Germany ...

The Financial Crisis for Dummies
Tripped Media
Politics going over your head? Wish you had a better grasp of what the heck is going on with the financial markets? Well, me too, but after being a double graduate in financial management I can break down what I do know and get you up to date. ...

Viewpoint: A year of transition, uncertainty and change
BBC News
The Asia-Pacific economies certainly face considerable uncertainty as well as headwinds in 2012, with the eurozone already sliding into recession at the end of 2011, while the momentum of US economic recovery - although encouraging in recent months ...

BBC News

With the crisis close to its worst point, 2012 will be the critical year for ...
During the year, my forebodings about the brewing crisis in the eurozone, and especially about the pivotal position of Italy, were amply justified. Yet perhaps my greatest success was forecasting that official interest rates would remain on hold ...


Amid euro crisis, Pinoy 'bayanihan' brews in Spanish café
By Jeremaiah M. Opiniano, OFW Journalism Consortium BARCELONA — A fair-skinned man slid on the chair beside Rodrigo as the sun hid among century-old houses and birds chirped from slender trees lining an al-fresco café here. The breath he held escaped ...

Is the Euro Crisis Over?
Real News Network
This is supposed to create some impetus in the private banks to buy government bonds, which in theory helps alleviate the euro crisis. The question is: does this get to the roots of the crisis? And if it doesn't, what will? ...

Little Denmark faces high-stakes EU Presidency
Presseurop - English
At the height of the debt crisis, a small country, which is not a member of theEurozone, has taken on the EU's six monthly rotating presidency. Danish daily Politiken argues that Copenhagen should take advantage of its marginal status in adopting the ...

Presseurop - English

Currency Traders Watch Bond Sales
Wall Street Journal
Sales of German 10-year bonds on Wednesday and a French sale on Thursday will be the year's first true tests of euro-zone borrowing conditions, as a potential recession in the 17-nation bloc threatens to further roil debt markets. ...

Cheap financials hold key to revival
Financial Times
By Vivianne Rodrigues and Ajay Makan in New York Eurozone bank contagion fears, tougher capital rules and looming restrictions on trading and derivatives continue to cloud the outlook for US financials. With healthy banks widely seen as essential to ...

Euribor rates start year with sharp drop
FRANKFURT, Jan 2 (Reuters) - Key euro zone bank-to-bank lending rates fell sharply as the new year got underway in European markets on Monday, pushed down by the glut of excess cash created by the ECB's recent bumper injection of ultra-long and ...

Wide fiscal disparity works against eurozone By Mustapha Kamil Mohd Janor
New Straits Times
Try hard as German chancellor, Angela Merkel, might to save the euro, the reality is that the wide fiscal disparity between the richest and poorest in the eurozone makes operating a single currency with one interest rate for 16 economies impractical if ...

New Straits Times

Manufacturing lifts European spirit
Financial Times
By Duncan Robinson A modest improvement in eurozone manufacturing data helped the FTSE Eurofirst 300 to close at a three-month high on Monday. But, despite better-than-expected numbers in Italy and Germany, gains were tempered by the fact that ...

Financial Times

Global factory output subdued going into 2012
Reuters India
By Andy Bruce and Tony Munroe | LONDON/MUMBAI (Reuters) - Global manufacturing activity was subdued going into 2012, with the euro zone's industrial sector suffering its fifth straight month of declines in December and Asian factories mostly stuck in a ...

Euro zone manufacturing PMI contracts for 5th month
By ForexPros
Financial market news by ForexPros.com team about Euro zone manufacturing PMI report published on January 02, 2012 - 10:04AM GMT.

Prison Planet.com » Collapse of the Eurozone 'will start this year' as ...
By admin
The stricken eurozone will start disintegrating this year and will almost certainly collapse within the next decade, a think tank warned today. At least one country will quit before the end of the year and there is a 99 per cent chance of a break-up ...
Prison Planet.com

Fuel Fix » Eurozone manufacturing shrinks again
By FT.com - Energy
Posted on January 2, 2012 at 5:49 am by FT.com - Energy in. 0. |. Tweet. Share share E-mail. A survey of purchasing managers showed that December production levels and new orders continued to fall, albeit at a slightly slower rate. 0 ...
Fuel Fix

NewsDaily: Euro zone manufacturing downturn extends to 5th ...
By Andy Bruce
Euro zone manufacturing activity declined for a fifth consecutive month in December, although at a slightly slower rate than November's 28-month record low, a survey showed on Monday, suggesting the decline would continue in the early ...
NewsDaily: Business Headlines

'Eurozone collapse begins in 2012′ | Sovereign Independent
By jayfromeire
A leading think tank has predicted that at least one country will pull out of the eurozone this year and the currency block will collapse within the next decade. Press TV. According to the Centre for Economics and Business Research (CEBR) ...
Sovereign Independent

Eurozone collapse 'starts this year' says CEBR @ Forex Factory
By From telegraph.co.uk
Eurozone collapse 'starts this year' says CEBR - As the troubled euro marked its 10th anniversary this weekend, the Centre for Economics and Business Research (CEBR) said there was a 99pc chance that the currency would not survive the ...
Forex Factory

Eurozone collapse 'starts this year' says CEBR | ForexLive
Europe's single currency is almost certain to disintegrate within the next decade, a leading think tank has predicted, with Greece and Italy potentially.

Euro zone manufacturing PMI contracts for 5th month By Forexpros
By Forexpros
Euro zone manufacturing PMI contracts for 5th month.
Forex Pros RSS News Feed | Forex News

Is the Euro Crisis Over? « SGTreport.com
By Stefan B
Alaska Lawmaker Blasts TSA In New PSA, Warning Travelers About Revealing Full Body Scanners ». Is the Euro Crisis Over? from TheRealNews: William K. Black, Paolo Manasse, and John Weeks discuss the Euro and the danger of global ...

Eurozone Manufacturing Contracts 5th Straight Month; New Orders ...
By Mike "Mish" Shedlock
The final December reading of the Markit purchasing-managers index for the manufacturing sector rose to 46.9 from a 28-month low of 46.4 in November, matching an earlier estimate. “Euro-zonemanufacturing is clearly undergoing another ...
EquityJungle - v0.1

Economy Watch: New Year, Same Old Nervousness in Euro Zone ...
By eSchnitzer
As the new year begins, the talk of the next European recession continues.
Multi-Housing News Online

Austerity Reigns Over Euro Zone as Crisis Deepens - NYTimes.com
Beleaguered European economies are braced for a turbulent year, as widening deficits force more borrowing and added belt-tightening puts growth further out ...

Austerity Reigns Over Euro Zone as Crisis Deepens Alex Jones ...
One Response to “Austerity Reigns Over Euro Zone as Crisis Deepens”. pappioni says: January 2, 2012 at 3:39 am. pǝɟ ǝɥʇ puǝ. -http://tiny.cc/ojy0g ...

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