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

Monday, January 16, 2012

Euro zone faces lower EFSF lending power or higher guarantees

Euro zone faces lower EFSF lending power or higher guarantees
Reuters
By Jan Strupczewski | BRUSSELS (Reuters) - The euro zone's bailout fund EFSF can retain its AAA rating with Standard & Poor's through higher guarantees from the euro zone's remaining triple A countries or lower lending capacity, a senior euro zone ...

Eurozone mismanagement was key in downgrades
Financial Times
By Alex Barker in Brussels and James Wilson in Frankfurt The fireworks centred on France, but when the credit rating agency Standard & Poor's decided to take more than half the eurozone's 17 members down a notch or two, it was aiming at a bigger ...

Eurozone ratings cut shows need to spur growth -UK
Reuters
Hague says S&P move vindicates UK deficit cuts * Minister says Britain has euro contingency plans By Adrian Croft LONDON, Jan 15 (Reuters) - Standard & Poor's decision to cut the sovereign credit ratings of nine euro zone countries shows Europe must ...

Eurozone banks' ECB borrowing set to soar
Telegraph.co.uk
Eurozone lenders' borrowing of long-term central bank funds is expected to more than double to over €1 trillion (£828bn) next month when struggling banks will be handed another lifeline by European authorities. Last month, banks borrowed a total of ...

Telegraph.co.uk

Eurozone crisis: Troika's gunboats will get their way, at a cost
The Guardian (blog)
That would almost certainly trigger a debt default in Greece, with knock-on effects across the rest of the eurozone. The creditors are being told that it will be a pyrrhic victory if turning the screw too tightly on Greece deepens the crisis in Italy ...

The Guardian (blog)

Don't blame the ratings agencies for the eurozone turmoil
The Guardian (blog)
Later in the day, Standard & Poor's, one of the big three credit ratings agencies, downgraded nine of the 17 eurozone economies. As a result, Portugal pulled off the hat-trick of getting a "junk" rating by all of the big three, while France was ...

The Guardian (blog)

Views under the Palm - johnmpoole.com: Eurozone: austerity equals contraction: "In other words, more "punishment" for the non-German Europeans (Greece, Italy, Spain, Portugal, Ireland, et al). How much more they can take only time will tell. But the inescapable truth is that the policy of austerity is a disaster. "

Few eurozone nations left with top credit rating
STLtoday.com
(AP Photo/Gregorio Borgia) Standard & Poor's credit analysts said Saturday that eurozonepolicymakers have failed to address the "broadening and deepening" financial crisis the region now faces, leading the agency to issue long-term downgrades on nine ...

Eurozone's rating cut likely to spark selling in Gulf
gulfnews.com
By Himendra Mohan KumarStaff Reporter Abu Dhabi: The region's stock markets are likely to come under selling pressure this week following credit rating agency Standard & Poor's downgrade of nine countries in the Eurozone — with the level of sell-off ...

Europe can't catch a break
CNN
NEW YORK (CNNMoney) -- The downgrades of nine eurozone governments by Standard & Poor's wasn't a surprise, but they came just as there were tentative signs of improvement in the region's debt crisis. Last week's auctions of Italian and Spanish debt ...

George Osborne abandons eurozone as he calls for stronger links with the East
Daily Mail
By Glen Owen George Osborne will this week signal that Britain's future lies away from the crumbling eurozone by calling for stronger ties with Asia. The Chancellor will use a three-day visit to China and Japan to show his frustration at the seeming ...

Daily Mail

Rupee seen stable despite euro zone downgrade
Business Standard
The sovereign rating downgrade in the euro zone is not likely to weigh heavyily on the Indian currency, thanks to the measures taken by the central bank last month. Market participants are of the view that the rupee will range at 51-52 against the ...

The Darling gamble: 'Sterling is Scotland's mini-eurozone'
Politics.co.uk
By Ian Dunt Follow @IanDunt Alistair Darling has laid out the extent of the challenges facing an independent Scotland, arguing that maintaining sterling would be like creating a mini-eurozone. The former Labour chancellor, who some want to lead the ...

Ratings agencies put euro zone in 'downward spiral': Belgium
Sydney Morning Herald
Ratings agencies are leading the euro zone into a "downward spiral", Belgium's prime minister said Sunday, two days after Standard & Poor's downgraded the debt of nine of the bloc's nations. "Ratings agencies are playing their roles, but in a strange ...

Investors look to Bank of Canada rate decision, earnings and eurozone ...
Winnipeg Free Press
The eurozone debt crisis will also keep investors focused, as it has for almost two years, after the New York rating firm Standard & Poor's downgraded the government debt of France, Austria, Italy and Spain, but maintained Germany's at the coveted ...

Troubled eurozone 'paralysed' UK growth
Telegraph.co.uk
The British economy has been “paralysed” by political uncertainty in the eurozone and is probably already in recession, a respected group of economists has warned. ITEM is forecasting that in the absence of a eurozone shock, the UK economy will just ...

Telegraph.co.uk

EU leaders vow faster eurozone reform after S&P downgrades
Chandigarh Tribune
European leaders promised on Saturday to speed up plans to strengthen spending rules and get a permanent bailout fund up and running as soon as possible, a day after US agency S&P cut the ratings of several eurozone countries' creditworthiness. ...

Value Retail bucks eurozone gloom
Financial Times
Despite the wider economic woes of the eurozone, tourists from Asia, Latin America and Russia are responsible for the lion's share of the sales growth, snapping up discounted surplus products from an array of designer brands including Burberry, ...

PM boasts about economy amid Eurozone downgrades
Jerusalem Post
COM STAFF Following a recent Standard & Poors downgrade of nine eurozone countries' credit ratings, Prime Minister Binyamin Netanyahu bragged that just four months ago Israel received an improved credit rating from the same company. ...

Investors to turn cautious after Euro Zone downgrade
Hindu Business Line
(file photo) The sovereign rating cut of nine countries in the Euro Zone by Standard & Poor's will increase risk aversion in the financial markets this week. In India, investors would be tracking Monday's inflation figures and the third quarter results ...

Hindu Business Line

EAC officials study Eurozone system
East African Business Week
Bukuku said they will also study the formulation and conduct of monetary union policy in theEurozone, the interaction between fiscal and monetary policies, design of macroeconomic convergence criteria, and understand the surveillance and compliance ...

Linde CEO says Germany should mull euro exit-paper
Reuters
| FRANKFURT Jan 15 (Reuters) - Germany should consider leaving the euro if efforts to impose fiscal discipline upon indebted euro zone countries fail, the head of industrial gases firm Linde told German weekly paper Der Spiegel. ...

Volume turned up on euro zone siren
Hong Kong Standard
But, the credit downgrades of nine out of 17 euro zone countries - including France - by Standard & Poor's on Friday, brought back the sense of foreboding once again. Now, there are fears that the European Financial Stability Facility itself may be ...

Lessons learned from global financial crisis
Federal Times
Some respondents saw a positive impact, and one such interviewee said, "The global financial crisis has forced and accelerated public financial management reform to reduce the cost of public administration." Another echoed, "We've put forth new public ...

Gold posts weekly gain on eurozone optimism
Proactive Investors Australia
In the meantime, the euro rallied against the US dollar, which is seen as an alternative asset to the yellow metal, on Thursday afternoon after the results of debt auctions held by Spain and fellow debt ridden euro zone member Italy topped expectations ...

Proactive Investors Australia

Dow pulls back on eurozone worries, JPMorgan, financials in focus
Proactive Investors Australia
US markets fell Friday on reports that Standard & Poor's plans to cut its ratings on severaleurozone countries later today, rekindling fears about the region's debt crisis. As of just after 2pm ET Friday, the Dow was down 100.92 points, or 0.81%, ...

Eurozone's fate hangs on whether French humiliation turns to anger | Business | The Observer: "Nicolas Sarkozy has spent the weekend nursing his hurt pride after Standard & Poor's stripped France of its AAA rating in a late-night announcement on Friday. But this week, Greece will once again be at the eye of the eurozone storm"

Eurozone's fate hangs on whether French humiliation turns to anger
ForexLive (blog)
EUROZone have to take lots of decision to recover the investors positive mind. The usual on spot guardian is wide off the mark today . . For a more succint analysis of France's predicament read If varoufakis is right then Greece is not the problem. ...

Jeff Salway: Euro crisis tests investors' nerves
Scotland on Sunday
Then the Eurozone crisis escalated. Private investors pulled a record £864 million out of equity funds in November, according to new figures from the Investment Management Association. As concerns grew over European sovereign debts, the investor flight ...

Angela Merkel: S&P Downgrade Highlights Need For Strong 'Fiscal ...
By The Huffington Post News Editors
"The policy response at the European level has in our view not kept up with the rising challenges in the euro zone," S&P credit analyst Moritz Kraemer said on the call, forecasting a 40 percent chance of euro zone gross domestic product ...
The Full Feed from HuffingtonPost.com

John Lott's Website: S&P says that "euro zone's policy response to ...
By John Lott
"The proper diagnosis would have to give more weight to the ... rising imbalances in the euro zone," said Moritz Kramer, head of European sovereign ratings. He pointed to problems such as divergences in competitiveness from one country to ...
John Lott's Website

Weekly Eurozone Watch | Global Macro Monitor
By macromon
Like this: Like. Be the first to like this post. This entry was posted in Weekly Eurozone Watch and tagged European Banks, European Sovereign Spreads. Bookmark the permalink. ← S&P500 Heatmap YTD Peformance ...
Global Macro Monitor

Merkel vows faster eurozone reform after S&P downgrades ...
By SINA.com
In a conference call with reporters and analysts after downgrading nine of the euro zone's 17 countries, Standard & Poor's said it saw continued risks from the debt crisis that has overshadowed Europe for the past two years and said the single ...
English headline news from SINA.com

kip - Eurozone slammed by S&P;?talks collapse
By kip
(AP photo) Greek Finance Minister Evangelos Venizelos talks to reporters after talks broke off with private bondholders on a plan to head off default. By John W. Schoen, Senior Producer Friday the 13th was not a good day for Europe.
kip

European politicians lambaste S&P"s mass eurozone downgrade ...
European politicians have reacted angrily to the US-based rating agency Standard&Poor's mass downgrade of the credit ratings of nine eurozone countries.
Voice of Russia, News

Eurozone downgrade: Is collapse imminent? | End the Lie ...
By NewsBot
European leaders are rushing to contain the fallout after SP downgraded nine of the seventeeneurozone members. But while many across Europe promise.
End the Lie - Independent News

Peter J Munson OP-ED: The Woes of the Euro Zone | Government In ...
By Peter J Munson
The following is from my forthcoming book, War, Welfare, and Democracy: Rethinking America's Quest for the End of History, due out from Potomac Books.
Government In The Lab » Government...

S&P lowers credit ratings of France, 8 other Eurozone countries ...
By Jo Breiner
Mark Williams, School of Management. Standard & Poor's stripped France of its coveted AAA credit rating and downgraded eight other Eurozone countries in a sign the continent's debt crisis has a way to go before being resolved… ...
Public Relations

Gold falls 1 percent on euro zone downgrade talk | Pakistan Today ...
By anjum
News Comments (1535470http%3A%2F%2Fwww.pakistantoday.com.pk%2F2012%2F01%2Fgold-falls-1-percent-on-euro-zone-downgrade-talk%2FGold+falls+1+percent+on+euro+zone+downgrade+talk2012-01-15+16%3A19%3A54anjum ...
Pakistan Today | Latest news,...

Eurozone to collapse in ten days? - irishaidespanol.org
Today President Obama met with members of the European Union to try to save the ailing Euro. The fear of economic collapse seems to be spreading, and Gree...
::::: Irish Spain Aid :::::

Meltdown - The Global Financial Crisis? pt 1of 4 | tatoott1009
By Jay Lee
Meltdown - The Global Financial Crisis? pt 1of 4. Posted 2 minutes ago by Jay Lee. 0. Add a comment. Add comment. No more comments. tatoott1009. I PLEDGE ALLEGIANCE TO THE FLAG, OF THE 1776 CONSTITUTION , AND TO ...
tatoott1009

Leaders vow reforms, criticize agencies post eurozone ratings cut ...
By hidden
Leaders including Merkel have urged countries to tighten their belts with higher taxes and deep spending cuts to rein in massive budget deficits.
Firstpost

Stocks slip on reports of eurozone downgrades - Business - Stocks ...
U.S. stocks dropped on Friday, snapping a four-day winning streak after news reports that Standard & Poor's would downgrade credit ratings on several ...
www.msnbc.msn.com/.../stocks-slip-reports-eurozone-downgr...

S&P downgrades nine euro zone countries - Yahoo! News
From Yahoo! News: BERLIN/ATHENS (Reuters) - Standard & Poor's downgraded the credit ratings of nine euro- zone countries, stripping France and Austria of ...
news.yahoo.com/mass-p-downgrade-greek-debt-impasse-hit-e...

Europe's road to financial crisis - CNN.com
... delicious reddit MySpace StumbleUpon LinkedIn Viadeo. Europe's road to financial crisis. January 13, 2012 -- Updated 2252 GMT (0652 HKT). Share this on: ...
edition.cnn.com/2012/01/13/world/europe/.../index.html

Bloomberg Hides Government Causes of Financial Crisis - Peter ...
Bloomberg Hides Government Causes of Financial Crisis - Peter Ferrara: On December 21, Bloomberg News breathlessly reported, "The leading Republican.
townhall.com/columnists/peterferrara/2012/01/.../full/

Merkel says eurozone must act fast
Financial Times
Her call came on Saturday as eurozone leaders tried to shrug off Friday's downgrade by pointing to reforms already under way to haul the currency area out of its debt crisis – although their annoyance with Standard & Poor's was also evident. ...

Euro Crisis - Google News

Fiscal Cliff - Google News

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