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

Thursday, January 26, 2012

Euro Zone Must Lift Bailout Cap To Win G20 IMF Commitments

Euro Zone Must Lift Bailout Cap To Win G20 IMF Commitments -EU Officials
Wall Street Journal
By Laurence Norman BRUSSELS (Dow Jones)--The euro zone will need to lift the EUR500 billion cap for its bailout funds if it hopes to persuade the non-European Group of 20 nations to increase their funding of the International Monetary Fund, ...

Merkel deflects calls for bigger euro zone firewall
Reuters
DAVOS, Switzerland (Reuters) - German Chancellor Angela Merkel deflected pressure on Wednesday to increase the euro zone's rescue fund, saying the key to reassuring markets was to restore lost trust in governments' policies.

As euro crisis fears ease, focus turns to growth
Reuters
Markets rally masks concern about Europe growth strategy * Greece increasingly seen as isolatedeuro zone case * ECB cash eases euro zone tensions, for now * Soros concerned about "deflationary debt spiral" By Paul Carrel and Paul Taylor DAVOS, ...

Eurozone crisis live: UK economic growth takes centre stage
The Guardian
The Daily Telegraph's Jeremy Warner is also in Davos, and reports on Twitter that theeurocrisis is dominating the event: #Davos. Just caught up with Ben Verwaayen of Alcatel who says business in Europe is frozen until decisions r made re future of the ...

The Guardian

Gates Says Global Economy, Euro Crisis Threaten Aid Programs
Bloomberg
The global economic downturn and the euro-zone crisis may stand in the way of efforts to reduce poverty and disease around the world, Microsoft Corp. chairman and founder Bill Gates said today. “It's very easy to lose sight of the conditions of the ...

Fed's moves to aid economy since financial crisis
San Jose Mercury News
By AP WASHINGTON—The Federal Reserve has taken many unprecedented steps in the past three years to try to boost the US economy and counter the effects of a financial crisis that triggered a painful recession. It has kept the short-term interest rate ...

An Introduction To The PIIGS
San Francisco Chronicle
PIIGS is an acronym, similar to others like BRICS and EAGLES, that defines a certain group of countries that have some commonality in location and economic environments. In this case, PIGS includes Portugal, Italy, Greece and Spain.

IMF Warns Hungary of Debt-Repayment Risk If Euro Crisis Worsens
BusinessWeek
25 (Bloomberg) -- Hungary may be pressed to meet its debt payments this year if the euro crisisworsens and the economy slips into a recession, the International Monetary Fund said, underscoring the need for a financial safety net.

Euro zone crunch won't derail Asia- Franklin Templeton
Reuters
SINGAPORE Jan 25 (Reuters) - A break-up of the euro zone involving major economies is not likely, and a slowdown in the region as well as a deleveraging in European banks is unlikely to derail Asia's growth, a star fund manager at Franklin Templeton ...

The Eurozone's Strategy of Pain
Project Syndicate
BRUSSELS – For the third year in a row, the eurozone is the weakest link in the world economy. In 2010, attention was focused on responses to the crisis on the eurozone periphery – Greece, Portugal, and Ireland. In 2011, the crisis moved to the core, ...

Speed vital in eurozone crisis, say bankers
Financial Times
By Patrick Jenkins in Davos If there is one thing that the bankers in Davos agree on, it is that theeurozone crisis must be fixed – and fast. “Come up with a good solution and get it done quickly,” Brian Moynihan, chief executive of Bank of America ...

Recessionary Trends Persist In Eurozone: Capital Economics
NASDAQ
(RTTNews.com) - The modest growth in Eurozone factory activity in January, as the latest PMI survey showed, does not signal that the economy is on the path of recovery, Ben May, European Economist at Capital Economics, said in a note Tuesday.

Ippr: Austerity and eurozone to blame
Politics.co.uk
Italy's precarious economic situation is a threat to the stability of the Euro and the eurozone, David Cameron has warned. A draft plan to tackle the European debt crisis will not be formally agreed until November's G20 summit, it has emerged.

DAVOS:Euro-Zone Bonds A Way Out Of Crisis-Deutsche Bank's De Weck
Wall Street Journal
DAVOS, Switzerland (Dow Jones)--A manager at Deutsche Bank AG (DB) said Wednesday that the introduction of euro-zone bonds are a way out of the debt crisis, once closer fiscal integration is achieved. "Euro-zone bonds are a solution," Pierre De Weck, ...

TSX Dips Amid Euro Zone Anxiety - Canadian Commentary
NASDAQ
Traders turned cautious amid lingering concerns over the euro zone debt situation as efforts to restructure Greek debt stalled after the EU finance ministers Tuesday rejected a proposal by private creditors for a 4.25 percent coupon on new 30-year ...

Eurozone crisis offers opportunities - Tower
Radio New Zealand
One of the country's biggest fund managers is making the most of the eurozone crisis, saying it offers big money making opportunities. Tower Investments, which manages $4 billion in investments, says the European bond markets have not been popular ...

Cairo Contagion: Military Tracks Uprising's 'Infectious' Ideas
Wired News
By Katie Drummond and Noah Shachtman The revolt that started a year ago today in Egypt was spread by Twitter and YouTube, or so the popular conception goes. But a group of Navy-backed researchers has a more controversial thesis: Egyptians were infected ...

'Ground zero' eurozone main risk to global recovery: Rogoff
Moneycontrol.com
The eurozone is set to top the agenda at the summit. Nouriel Roubini, chairman of Roubini Global Economics and Kenneth Rogoff, professor at Harvard University give CNBC their views on the geopolitical climate and its impact on world economies.

DAVOS: Soros Offers A Prescription For Euro Zone
Barron's (blog)
By Jonathan Buck DAVOS, Switzerland—George Soros Wednesday offered his own view of the euro-zone debt crisis, but refrained from giving investment advice. The billionaire financier declined to offer guidance despite requests from journalists at the ...

TSX Closes Lower On Eurozone Debt Concerns -- Canadian Commentary
NASDAQ
(RTTNews.com) - After recording gains in the last four sessions, Canadian stocks closed in the red Tuesday, on renewed concerns over the eurozone crisis after the latest setback to Greece's debt restructuring talks. After days of negotiations on debt ...

Greek Eurozone Exit Most Rational Option – Sberbank Boss
RIA Novosti
The most rational way for Greece to cope with its massive sovereign debt problem is to quit theEurozone, the head of Russia's largest bank Sberbank, German Gref said on Wednesday on the sidelines of the World Economic Forum in Davos, Switzerland .

Renishaw stays upbeat amid eurozone gloom
Financial Times
By James Shotter and Adam Jones Renishaw, defied the gloom enveloping the UK manufacturing sector by announcing an 11 per cent rise in sales, and predicting that trading would strengthen further. Despite predictions from bodies such as the CBI of a ...

Eurozone on right track in fighting debt crisis: German FinMin
BusinessGhana
German Finance Minister Wolfgang Schaeuble said Tuesday that eurozone countries were on the right track in fighting the debt crisis, although they were still "not over the hill." "The auctions in the first weeks of the year of Italian, ...

The left didn't cause the financial crisis, but it needs to point the way out ...
The Guardian
Four years into the financial crisis and what we see before us calls to mind Latin America's lost decade of the 1980s. We tend to forget that its origin was in the implosion of a deregulated financial system, filled with murky financial engineering and...

The Guardian

Ailing euro zone still gives big business to IT biggies
mydigitalfc.com
“I think everything (degrowth) cannot be linked only to the euro zone crisis, because companies are driving efficiency. And when they drive efficiency, they adopt a number of things; they look at offshoring, (vendor) consolidation, ...

Germany feels pressure to boost Eurozone bailout
Adelaide Now
The German government did not deny it was moving on calls to add current lending capacity in aeurozone fund to a new facility being launched in July. The debate, though, is fast gathering momentum ahead of a planned decision by EU leaders at a March ...

Oil slips on revived euro zone debt concern
Moneycontrol.com
By Robert Gibbons NEW YORK (Reuters) - Oil prices fell on Tuesday on revived concerns about the euro zone's debt problems and their potential to slow the global economy, but tensions between Iran and the West helped limit losses.

Moneycontrol.com

World Bank Group Boosts Assistance for Emerging Countries Affected by Eurozone ...
MMD Newswire (press release)
WASHINGTON, (MMD Newswire) January 25, 2012 -- The World Bank Group today announced that it is making $27 billion in funding available over the next two years for countries of Emerging Europe and Central Asia (ECA) impacted by the Eurozone crisis.

Obama Picks Federal, State Officials To Lead Financial Crisis Investigation
Wall Street Journal
Officials said the joint investigation is designed to prosecute any companies that broke the law before to the financial crisis. That goal, however, has eluded federal officials over the past three years. The announcement comes as state and federal ...

25-Jan-12 World View: Euro Crisis Deadlock Leads to Finger ...
By John J. Xenakis
The IMF, Germany, and some eurozone countries are all demanding that private investors take a larger and larger “haircut,” but Charles Dallara, representing the private investors, drew a line in the sand over the weekend. Dallara has said ...
Big Peace

Paying Lip Service To Saving The Eurozone | ZeroHedge
By testosteronepit
Wolf Richter www.testosteronepit.com"The case of Greece is hopeless," Otmar Issing said today during an interview. He should know. He was a member of the Executive Board of the Bundesbank and of the Governing Council of the ECB.

Peter S. Goodman: Merkel Dismisses Euro Crisis, Champions ...
By Peter S. Goodman
DAVOS, Switzerland -- Do they hand out Nobel prizes for advances in delusional thinking? If so, I hereby nominate Germany's chancellor, Angela Merkel, for her address this afternoon before the assembled participants at the World Economic ...
The Huffington Post Full Blog Feed
Learn which countries are included in the PIIGS and why they are grouped together.
Investopedia.com Headlines

Fed's moves to aid economy since financial crisis | Washington ...
By The Associated Press
The Federal Reserve has taken many unprecedented steps in the past three years to try to boost the U.S. economy and counter the effects of a financial crisis that triggered a painful recession. It has kept the short-term interest rate it controls at ...
Examiner RSS

A New Watershed Moment In The Euro Crisis?
By Simone Foxman
Up until now, the private sector has been expected to bear the burden of an imminent Greek debt restructuring by voluntarily accepting losses of 50% or more. Talk from the International Monetary Fund's Christine Lagarde about public sector ...
Money Game

phallongj - Euro Crisis Clouds Global Outlook
By phallongj
DAVOS, Switzerland—No matter how far government leaders, senior bankers, academics and corporate executives gathering at this Alpine resort have traveled to get here this week, the future of most of them will be touched by something over ...
phallongj

Harvard's Rogoff : Eurozone is a “halfway house that doesn't work ...
Speaking on Bloomberg Radio: Europe's a long way from a crisis solution, Global economy is very slow and dangerous More kind words for the Euro from.
ForexLive

Eurozone debt to dominate Davos talks | Stock Market News ...
By Editor - World News
The eurozone crisis, and ways to prevent it from spreading, will dominate the agenda at this year's World Economic Forum in.
Rocket News

Global financial crisis and new awakening « Mostly Economics
By Amol Agrawal
Global financial crisis and new awakening. A nice speech by B. Mahapatra ED of RBI. He speaks at the convocation ceremony of one of the B-schools in Mumbai. Summary is: Let me now sum up. I started with the Arab Spring Movement – a ...
Mostly Economics

XE.com - UK GDP decline reflects debt overhang, euro crisis-Cameron
The decline in Britain's GDP in the fourth quarter of last year reflects the overhang of debt in the economy, higher prices and the euro zone's economic problems, Prime Minister David Cameron said on Wednesday.
XE Forex News

blezr0001 - Davos starts with eurozone worry
By blezr0001
The World Economic Forum gets underway, with worries about the eurozone and the global economy taking centre stage. Source: http://www.bbc.co.uk/go/rss/int/news/-/n ews/business-16712314 missing money nfl playoff schedule 2011 nfl ...
blezr0001

Davos ski-lift | Presseurop (English)
... opened on 25 January in Davos, Switzerland. "Europe is back in the centre of the stage," writes The Times. "There is no more pressing and no more important economic question than finding a durable solution to the euro crisis." Categories ...
Presseurop

Traders Hopeful Of Diffusion Of Eurozone Debt Crisis — Clearing ...
By RSS Feed
Additionally, hopes concerning alleviation of the eurozone debt crisis are increasing as the region's financial ministers and leaders are set to deliberate over this week and the next on several nagging issues towards finding the elusive solution ...
Clearing and Settlement — Clearing...

The euro crisis: Checking in on Europe | The Economist
Given a number of positive developments in the euro zone—like fairly successful debt auctions for Spain and Italy, and corresponding drops in bond yields—it's ...
www.economist.com/blogs/freeexchange/.../euro-crisis-2?fsrc...

The euro-crisis horror show - Portfolio Insights by Brett Arends ...
Everyone is watching the euro horror show, their knuckles white, their breath bated, as they wait for the end, writes Brett Arends.
www.marketwatch.com/.../the-euro-crisis-horror-show-2012-0...

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