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

Tuesday, January 24, 2012

Greece, Portugal to Leave Euro Zone: Economist

Greece, Portugal to Leave Euro Zone: Economist
CNBC.com
The euro currency does not work for Greece or Portugal and they will eventually leave the euro zone, an economist told CNBC. "They will leave the euro but stay within the European Union because it is very difficult to leave the EU in terms of security ...

CNBC.com

No Intention By Euro Zone To Give More Money To Greece At This Point - Sources
Wall Street Journal
By Costas Paris BRUSSELS (Dow Jones)--Euro-zone finance ministers have told their Greek counterpart Evangelos Venizelos that Athens shouldn't expect an increase in a planned bailout loan despite a deteriorating economy, people with knowledge of the ...

IMF calls for larger 'firewall' in Europe
CNNMoney
By Ben Rooney @CNNMoneyMarkets January 23, 2012: 12:18 PM ET IMF managing director Christine Lagarde said Europe needs a stronger financial firewall to prevent the spread of a debtcontagion. NEW YORK (CNNMoney) -- The director of the International ...

Euro-Zone Consumer Confidence Edges Up
Wall Street Journal
By ALEX BRITTAIN LONDON—Euro-zone consumers became slightly less downbeat in January, but the modest improvement looks unlikely to herald much of an improvement in the bloc's economic fortunes in the near term. The European Commission said Monday its ...

Eurozone finmins to rule on glacial Greek debt talks
Reuters
Euro zone ministers to discuss Greek debt swap,2nd bailout * Private sector negotiators say have made their best offer * Eurogroup to approve text on new bailout fund,fiscal rules * IM chief Lagarde, in Germany, to urge rapid progress By Jan ...

Analysis: History repeats itself in euro crisis debt spat
Reuters
As a result, EU officials expect Merkel to relent and agree to a bigger European financial firewall in March once euro zone leaders have signed two key treaties sought by Berlin on budget discipline and the rules of a permanent rescue fund.

OIL FUTURES: Crude Mixed; Euro Zone Debt In Focus As Iran Fades
Wall Street Journal
With Iran less of an imminent concern in recent days, the market is more likely to trade on news related to euro-zone debt, said Tomomichi Akuta, an analyst at Mitsubishi UFJ Research & Consulting. The Organization of Petroleum Exporting Countries took ...

Growth, euro zone fears weigh on RBI
Livemint
Mumbai: India's central bank is worried about the slowing economy and fears that a recession in the euro area will further drag down domestic growth, but it doesn't seem to be in a hurry to cut interest rates because inflation, which fell to a two-year ...

Japan manufacturers brace for euro zone breakup: Reuters poll
Reuters
TOKYO (Reuters) - Japanese manufacturers are bracing for a possible breakup of the euro zone, according to a Reuters poll released on Monday, with 65 percent saying they see a need to prepare for the currency block's partial or complete collapse.

Eurozone crisis live: Greek deal on knife edge
The Guardian (blog)
Markets are nervous ahead of the eurozone finance ministers' meeting in Brussels, with a Greek debt deal shrouded in uncertainty. 8.26am: Today's meeting of eurozonefinance ministers in Brussels has a very full agenda to consider, says Michael Derks,...

The Guardian (blog)

Is Europe Listening to Italy's Two Marios?
BusinessWeek
Euro zone finance ministers meet in Brussels today and it looks as though they're certainly listening to one of Italy's two Marios. European Central Bank President Mario Draghi suggested after the bank's January meeting that it would be “highly ...

BusinessWeek

Europe shares extend rally as euro zone banks gain
Reuters
LONDON (Reuters) - European stocks hit their highest close since early August on Monday, with euro zone banks gaining sharply following a report that France and Germany were calling for a relaxation of global bank capital rules to prevent a credit ...

Euro zone shows signs of stabilizing: France's Baroin
Reuters
PARIS (Reuters) - French Finance Minister Francois Baroin said on Monday the euro zoneeconomy was showing signs of stabilization and that a deal with private sector investors about resolving Greece's debt crisis was taking shape.

Asian Companies Set to Benefit from the Eurozone Crisis, According to Research ...
MarketWatch (press release)
The FTI Eurozone Poll, a survey of 800 business leaders in Asia, the Middle East and North America gauging their response to the eurozone crisis, found that 45% of businesses in Asia are either currently doing or looking to make strategic acquisitions ...

Eurozone will 'muddle through', say economists
Public Finance
The eurozone is still marginally more likely than not to 'muddle through' its current crisis, but if the currency does falter it will send shockwaves around the world, according to an economic consultancy. In its Business Outlook for the quarter ending ...

Timely Greek lessons on the eurozone crisis
Financial Times
Greece has undertaken painful adjustments and made progress in solving its problems, but the goals it is striving to achieve are taking longer than expected to be reached. The economy is in its fifth year of contraction, the unemployment rate is ...

European Banks Rally: What Eurozone Crisis?
Motley Fool
By Rebecca Lipman, Kapitall | More Articles European banking stocks rose with higher volume trading than US bank stocks, which brings up the question, what eurozone crisis? High trading volumes indicate many payers are weighing in their opinion on the ...

Dow lower on eurozone pessimism, RIM, Chesapeake Energy in focus
Proactive Investors USA & Canada
US equity markets were lower Monday afternoon as investors were waiting for the next stage of the eurozone debt crisis, including the terms of a likely Greek default. At 2.17pm EDT, the Dow Jones Industrial Average fell 0.4% to 12672, the S&P 500 shed...

Proactive Investors USA & Canada

Obama, Italian PM to discuss European financial crisis in White House meeting
Washington Post
WASHINGTON — President Barack Obama will meet with Italy's prime minister next month to discuss the European financial crisis. Obama and Prime Minister Mario Monti will meet at the White House on Feb. 9. The White House says the two leaders will ...

FTSE 100 hits six month high on eurozone and Greek bond optimism
The Guardian (blog)
Although no Greek deal has yet been agreed, investors took comfort from signs that EU officials and the IMF - despite continued differences - could yet come up with a resolution to the eurozone debt crisis. A couple of reasonable bond auctions from ...

Vienna sets tourism record despite eurozone crisis
Boston.com
VIENNA—Officials say visitors from Russia and other countries with relatively healthy economies visited Vienna in record numbers in 2011 for the Austrian capital's best year ever for tourism despite the eurozone crisis. Tourism chief Norbert Kettner ...

Traders Hopeful Of Diffusion Of Eurozone Debt Crisis
NASDAQ
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 for ...

Hamas and the Contagion of Democracy
Al-Hayat
It would be easy to place Khaled Mashal's desire to step down from the leadership of the Hamas movement within the framework of the contagion of democracy that is currently infecting the Arab World, and particularly Islamists movements in it, ...

Euro-Zone Governments Near Deal On ESM Voting Procedures -Officials
Wall Street Journal (India)
By Matthew Dalton BRUSSELS(Dow Jones)--Euro-zone governments are close to reaching an agreement on voting procedures for their EUR500 billion permanent bailout fund, officials said Monday, addressing concerns from Finland about a previous deal struck ...

Maltese economy faces contagion threat as global crisis worsens – IMF
MaltaToday
International Monetary Fund says dampened domestic demand will not be sufficient to make up for fall in export growth. The IMF warned that Malta's resilience to date could not be taken for granted. The IMF highlighted threats to Malta's growth in ...

Confidence 'important for eurozone recovery'
Taylor Vinters
An upturn in confidence is the key aspect missing from a sustained recovery in the eurozone, it has been argued. Greater confidence in industry and in economies in general is needed to help push up the fortunes of businesses across the eurozone over ...

Failed eurozone plan torpedoes funds' returns
Financial News
Algebris Investments, the financials hedge fund manager backed by Chris Hohn's the Children's Investment Fund, saw its flagship Global Financials fund slump 46% last year. The €1.29bn flagship European fund of Odey Asset Management dropped 20.6%.

Financial News

A big agenda for eurozone Finance Ministers
FX-MM
Today's meeting of eurozone finance ministers in Brussels has a very full agenda to consider. There is the latest draft of the fiscal compact to discuss (see below), a review of the progress made in the Greek debt talks, and a conversation on a draft ...

Euro-zone debt crisis may continue to weigh on prices of base metals: Kotak
Myiris.com
Broking firm Kotak Commodity Services commenting on the outlook said,``Base Metals may witness high volatility as uncertainty over Euro Zone debt crisis persists. Prices may come under pressure as market remain cautious ahead of EU leaders meeting on ...

France Telecom says some euro zone traffic down
Reuters
PARIS Jan 23 (Reuters) - France Telecom recorded declining telecommunications traffic in someeuro zone countries including Spain, Chief Executive Stephane Richard said on Monday. "Someeuro zone countries have seen lower traffic in recent weeks," ...

Minister: Markets trust eurozone again - The Local
Financial markets are gradually regaining confidence in the eurozone, German Finance Minister Wolfgang Schäuble said Sunday.
The Local - Germany's news in English

Calculated Risk: Morning Greece: Euro Zone Finance Ministers ...
By CalculatedRisk
Euro zone finance ministers will decide on Monday what terms of a Greek debt restructuring they are ready to accept as part of a second bailout package for Athens after negotiators for private creditors said they could not improve their offer.
Calculated Risk

NewsDaily: Analysis: History repeats itself in euro crisis debt spat
By Paul Taylor
There are weeks when it can sound as if the European sovereign debt crisis is going round in circles.
NewsDaily: Top Headlines

Video: Eurocrisis is a global crisis — War in Context
By News Sources
Video: Eurocrisis is a global crisis. by News Sources on January 23, 2012. Share · print this post. Related Posts... How austerity is killing Europe · 2012 world preview: no peace, no prosperity, no progress · Fragile and unbalanced in 2012 ...
War in Context

Google Insights For Search And The Contagion Effect ...
Of the top five countries Ireland, Netherlands, and the UK searching for the phrase "euro crisis" makes sense - particularly given this is an English phrase (the Dutch are quite proficient in English). But Singapore and India? It makes sense in ...
Home: iStockAnalyst.com Feed

Eurozone impact on world economy - danielbenami.com
What is the impact of the eurozone crisis likely to be on the rest of the world? Much commentary in recent months has focused on the 17 countries that use the euro but relatively little has discussed the broader effect of the region's woes.
danielbenami.com

ekathimerini.com | Greek default would sink eurozone, gov't adviser ...
Failure to solve the Greek debt crisis will bring down the whole of the euro zone single currency area, an adviser to the Greek prime minister said on Monday. "If Greece manages its problem then theeurozone will remain intact,» Gikas ...
Latest News

Forex Trading: Eurozone Consumer Confidence Comes In At -20.6 ...
By Greg Michalowski
Forex Trading: Eurozone Consumer Confidence Comes In At -20.6 According To News Report. By Greg Michalowski on January 23, 2012 | More Posts By Greg Michalowski | Forex News By FXDD · Subscribe by RSS · Email/Share Page ...
DailyMarkets.com

Obama, Italian PM to discuss financial crisis | Washington Examiner
By The Associated Press
President Barack Obama will meet with Italy's prime minister next month to discuss the Europeanfinancial crisis. Obama and Prime Minister Mario Monti will meet at the White House on Feb. 9.
Examiner AP RSS
Japan manufacturers brace for euro zone breakup: Reuters poll ...
By OzHouse
reuters.com (Reuters) - Japanese manufacturers are bracing for a possible breakup of the euro zone, according to a Reuters poll released on Monday, with 65.
OzHouse Alt News

Lithuanian PM supports eurozone fiscal discipline pact | The Baltics ...
By The Baltic Course | Baltic States news & analytics
Prime Minister of Lithuania Andrius Kubilius supports a new eurozone fiscal pact which will be drafted to establish more rigid fiscal discipline in the eurozone.
The Baltics Today

Here's A Huge Sign That The European Financial Crisis Is Ending
By Joe Weisenthal
What...the european financial crisis is over? Did they solve the sovereign debt crisis...did the address the structural imbalances between the core and the periphery...did they fix the Greek tax collection problem...did a golden manna fall from the ...
Money Game

No intention by Eurozone/IMF to give more money to Greece : Forex ...
By Greg Michalowski
According to sources. Eurozone awaits new debt sustainability report for Greece. The EURUSD has broken lower on the news – falling to the first support target outlined in the earlier post CLICK HERE). The key support to break is below the ...
Forex News and Commentary by FXDD

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