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

Monday, January 9, 2012

Merkel, Sarkozy kick off year of eurozone wrangling

Angela Merkel, Nicolas Sarkozy kick off year of eurozone wrangling
NEWS.com.au
GERMAN Chancellor Angela Merkel hosts French President Nicolas Sarkozy today, kicking off a week of high-level talks to lay the groundwork for a crunch EU summit on taming the eurozonecrisis. The duo at the heart of European efforts to stem the ...

Euro-Zone Sentiment Darkens as Recession Fear Looms
Wall Street Journal
By ALEX BRITTAIN Euro-zone business and consumer confidence worsened last month while a wave of poor economic data added to evidence that much of the euro zone may be in a recession that could last well into 2012. WSJ's Charles Forelle has details on ...

Italy's PM: No Nation Can Fight Debt Crisis Alone
ABC News
Premier Mario Monti, leader of the eurozone's third-largest economy, is an economist who was appointed in November with a mandate to pull Italy back from the brink of financial disaster. "Italy, in order to develop economically and socially, ...

ABC News

Euro Crisis Significant Risk for South Africa, Lagarde Says
BusinessWeek
By Mike Cohen Jan. 7 (Bloomberg) -- South Africa has become increasingly integrated into the global economy, leaving it exposed to “global business cycles,” International Monetary Fund Managing Director Christine Lagarde said. ...

Eurozone Unemployment Hits Record High
Daily Beast
Unemployment rates are dropping in the US, but things are not looking so good over in Europe, where deep austerity cuts have severely hurt many countries in the eurozone. According to employment numbers released Friday by the EU's statistics agency, ...

Daily Beast

Euro Zone Lost Investors' Trust: ECB Official
CNBC.com
The European Union lost investors' trust in sovereign debt [cnbc explains] when the EU forced them to take losses on Greek debt last year, the governor of the Central Bank of Cyprus told CNBC Friday. Thanks to the EU's decision to impose 50-percent ...

Eurozone economy slumps further
euronews
http://www.euronews.net/ The eurozone's economy slumped further at the end of last year as retail sales fell and consumer confidence slid. That according to the latest data from the EU's statistics office Eurostat and the European Commission. ...

Indian rupee seen under pressure on euro zone woes -finmin
Reuters
... inflation and growth concerns * Says committed to prudent fiscal management NEW DELHI, Jan 7 (Reuters) - The Indian rupee will remain under pressure until the euro zone debt problem is resolved, Finance Minister Pranab Mukherjee said on Saturday. ...

Sarkozy and Monti unite on euro crisis
euronews
"Italy and France have a perfectly shared understanding when it comes to Europe's future and how to solve the crisis of confidence at the heart of the eurozone today," the French President told a joint news conference.

Eurozone crisis, Saudi crude cap oil prices
gulfnews.com
Prices have been capped by fears of a steep downturn in Eurozone economies, which could upset the recovery around the world and crush demand for crude, and by expectations that Opec leader Saudi Arabia will fill the supply gap as it did last year when ...

gulfnews.com

Corporate earnings, eurozone bond auctions to focus investor attention this week
CanadianBusiness.com
JPMorgan, like other banks, has found results pressured by a still weak US economy and fears ofcontagion from European banks. Its shares are down about 25 per cent from a year ago. Quarterly earnings reports in Canada tend to lag those in the US by ...

EFSF's Regling wants to up investor guarantees -report
Reuters
Without citing its sources, German newspaper Bild am Sonntag had said Klaus Regling wanted to increase guarantees to up to 30 percent for investors outside the euro zone. A fund official said that the figure had already been mentioned. ...

major risks to Europe debt crisis loom in 2012
Xinhua
8 (Xinhua) -- With the sovereign debt and banking crises in Europe accelerating, most eurozoneeconomies have suffered a marked slowdown in economic growth, casting clouds over the economic outlook for 2012. Analysts predict that the Europe debt crisis ...

Bank urged to expand QE measures
The Press Association
The British Chambers of Commerce (BCC) said an announcement this week on an expansion of the Bank's quantitative easing (QE) programme would boost confidence and ease concerns around the fate of the eurozone. Despite the BCC's message, most analysts ...

Eurozone's fundamentals in good shape
New Europe (blog)
On 30 December 2011, New Europe On Line (neurope.eu) reported that, according to the EU's statistical service Eurostat, the Eurozone recorded a trade surplus of €1.1 billion in October last year, following another significant positive foreign trade ...

Financial crisis takes center stage in Center City
6abc.com
January 8, 2012 (WPVI) -- The global financial crisis is occupying center stage at InterActive theatre in Center City. It's a play called Microcrisis and it makes a comedy of catastrophe with a scathing, satirical look at the financial fallout and how ...

6abc.com

Do eurozone rewards outweigh its danger for British business?
This is Money
By Helen Loveless The instability of the eurozone is high on the news agenda, with experts warning that the situation could deteriorate further and threaten the survival of thousands of British businesses. But does this mean that firms should steer ...

This is Money

Rupee seen under pressure on eurozone woes: Pranab Mukherjee
Deccan Chronicle
The rupee will remain under pressure until the euro zone debt problem is resolved, Finance Minister Pranab Mukherjee said on Saturday. The partially convertible rupee was the worst performer among Asian currencies last year, losing close to 16 per cent...

Deccan Chronicle

Greek bondholders poised to accept higher losses
Financial Times
Opponents of the scheme argue that it has come to be seen as a central cause of contagion in theeurozone crisis, with investors arguing that the precedent set by PSI, albeit conducted on a “voluntary” basis, has spooked the markets to such a degree ...

Financial crisis could turn the tide against unrestricted capital flows
The Guardian
And far from nurturing development and improving the standard of living of the poorest, these vast flows of money have created a repeated pattern of boom, bust and financial crisis. When the climate is "risk on", as they say in Wall Street and Canary ...

The Guardian

Dow lower on eurozone gloom despite positive US jobs data, Alcoa in focus
Proactive Investors Australia
Proactive Investors is a leading financial and investor website and platform, dominating the "Small-Mid Cap" investor space with multiple investor "channels" and "touch-points." Proactive Investors Australia is a part of the largest global financial ...

Inflation, bond sales in euro zone to guide markets
Business Standard
The meeting between French President Nicolas Sarkozy and German Chancellor Angela Merkel on Monday would also give an idea to investors about steps they may take to resolve the euro zone debt crisis. “The fault line which has been the cause of the ...

Business Standard

Davos: 10 power brokers to watch at the World Economic Forum
Telegraph.co.uk
In just two weeks' time, global power brokers will meet in Switzerland in an attempt to pull the eurozone back from the brink of destruction. By Louise Armitstead Fur and finance, snow and supremacy: there are just two weeks to go before global leaders ...

Telegraph.co.uk

Economic Outlook: central bank moves awaited
Financial Times
By Michael Hunter Data from the heart of the eurozone will help shape sentiment over the economic prospects of the currency bloc this week, while traders wait for monetary policy announcements from Frankfurt and London on Thursday. ...

Ben Chu: Draghi's plan backfires as eurozone banks still run for cover – and ...
The Independent
The ECB's refusal to deal firmly with insolvent banks makes for a striking contrast with its strictness towards troubled eurozone governments. It still refuses to engage in large-scale sovereign bond purchases in order to stabilise panicking debt ...

Angela Merkel has the whip hand in an orgy of austerity
The Guardian (blog)
"Italy's prime minister, Mario Monti, met [Nicolas] Sarkozy in Paris to discuss a pact between eurozone countries to be signed in March, giving Brussels oversight on debt levels and allowing it to punish countries that breach the rules. ...

The Guardian (blog)

Rupee seen under pressure on euro zone debt crisis: Pranab Mukherjee
Economic Times
NEW DELHI: The Indian rupee will remain under pressure until the euro zone debt problem is resolved, Finance Minister Pranab Mukherjee said on Saturday. The partially convertible rupee was the worst performer among Asian currencies last year, ...

Bloomberg Hides Government Causes of Financial Crisis
Town Hall
On December 21, Bloomberg News breathlessly reported, "The leading Republican candidates for president have embraced an explanation of the financial crisis that has been rejected by the chairman of the Federal Reserve, many economists and even three of ...

European Stocks Hope to Retain New Year Fizz
Wall Street Journal
By ANDREA TRYPHONIDES European benchmark stock markets have started 2012 on the front foot, but analysts warn that the traditional new year's bounce could quickly dissipate as attention returns to the euro-zone debt crisis. ...

Zuma mulls over impact of euro crisis
Fin24
As Iran announced new military exercises in the Strait of Hormuz, the West readies plans to use strategic oil stocks to replace almost all Gulf oil. France is free to go it alone with a financial transactions tax but Britain will block a European-wide ...

Arrr! Pirate Party boarding German politics
RT
As the Eurozone sinks deeper into the financial crisis, it's most reliable member, Germany, would be the most concerned. And as disillusionment with the political establishment sets in, support appears to be shifting to a new party that has no official ...

Little reason for bankers to cheer about the year ahead
The National
Aftershocks from the euro-zone turmoil are threatening to plunge Europe back into recession and destroy the single currency. The National talks to financial analysts about the problems ahead. q Will the euro zone still be intact at the end of the year?...

The National

Next week to prove vital for mending Euro crisis
Irish Independent
The success or failure of this major slate of bond sales will set down a marker for investors ahead of the crucial eurozone meetings at the end of January. The results of these auctions may have a bearing on whether Ireland returns to the bond markets ...

Forex - Weekly outlook: January 9 - 13
Moneycontrol.com
Forexpros - Last week saw the euro weaken against most of its major counterparts, tumbling to 16-month lows against the US dollar and the pound and a more than decade low against the yen amid fears that the financial crisis in the euro zone is ...

Sky is not the limit for workers
The National
Courtesy Fraunhofer IAO Times are getting harder for employees, especially in Europe, where cutbacks and lay-offs prompted by the euro crisis are piling pressure on those with jobs to work longer hours for less pay. Euro Zone The National charts ...

The National

Latam stocks post weekly gain, eurozone weighs
Business Recorder (blog)
Latin American stocks logged gains the first week of the year, though persistent fears about theeurozone's debt crisis pushed the index down on Friday. The MSCI Latin American stock index lost 0.64 percent but advanced 2.29 percent for the week. ...

QNB Capital: Regional equities underperformed in 2011
Arab News
Concerns grew about the risk of imminent default of peripheral euro zone debt, and even leading countries like the US began to lose their cherished AAA credit ratings. At the same time, there were signs of weakness in their underlying economies and ...

Bankers' bonuses and the financial crisis | vox - Research-based ...
Ever since the fall of Lehman Brothers, it has been a popular view – and one increasingly held by officials – that banker bonuses are at least partly to blame. This column compares executive pay in banks with other companies and finds, ...
VoxEU.org: Recent Articles

Inflation, bond sales in euro zone to guide markets — Clearing and ...
By RSS Feed
The meeting between French President Nicolas Sarkozy and German Chancellor Angela Merkel on Monday would also give an idea to investors about steps they may take to resolve the euro zone debt crisis. “The fault line which has been the ...
Clearing and Settlement — Clearing...

Merkel, Sarkozy kick off year of eurozone wrangling | Business ...
BERLIN: German Chance-llor Angela Merkel hosts French President Nicolas Sarkozy today (Monday), kicking off a week of high-level talks to lay the groundwork for a crunch EU summit on taming the eurozone crisis. The duo at the heart of ...
daily sun

40 Years In The Desert: The Euro Crisis Starts to Hit Defense ...
By Matthew G. Saroff
The Euro Crisis Starts to Hit Defense Contractors. It looks like Italy is having 2 thoughts about its JSF purchase:(paid subscription required). The Italian government is ushering in a new round of defense cuts in which, for the first time, the fate of ...
40 Years In The Desert

Eurozone Unemployment at Record High | EUTimes.net
By The European Union Times
Official figures show the rate of unemployment in the eurozone reached an all-time high of 10.3 percent in November 2011. According to the Eurostat.
The European Union Times - World...

Forex – Weekly Outlook: January 9 – 13
By Forexpros
Concerns over the sovereign funding needs of troubled euro zone states, as well as signs of weakness in the region's banking sector overshadowed Friday's better-than-expected U.S. jobs data and saw investors shun riskier assets in favor of ...
DailyMarkets.com

Euro crisis
Will anything happen in Portugal with the euro crisis that is affecting the Eurozone?
www.expatforum.com/expats/.../98834-euro-crisis.html

Mish's Global Economic Trend Analysis: Eurozone Manufacturing ...
Mish's financial blog covers global news and macroeconomic events regarding the world economy. The blog's primary focus is inflation, deflation, and ...
globaleconomicanalysis.blogspot.com/.../eurozone-manufactur...

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