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

Tuesday, February 21, 2012

Eurozone Ministers: Second Bailout for Greece

Eurozone crisis: live blog
Financial Times (blog)
Eurozone finance ministers are due to meet this afternoon to sign off on the €130bn bail-out to Greece. But there have been so many twists to this saga that nothing can be taken for granted. The [eurozone countries] should give them the money to ease ...

Euro zone ministers, officials before Greek talks
Reuters
BRUSSELS (Reuters) - Euro zone finance ministers and officials arrived on Monday to discuss a second bailout package for Greece. They were expected to approve a package of aid to draw a line under months of turmoil that has shaken the currency bloc.

European Ministers Are Poised to Approve Greek Rescue
New York Times
BRUSSELS — After months of tense negotiations, euro zone finance ministers were poised Monday to bring Greece back from the brink of default through an agreement to a second giant bailout in exchange for severe austerity measures — and subject to ...

New York Times

Euro Zone Set To Agree 2nd Greek Bailout Deal At Meeting
Wall Street Journal
By Geoffrey T. Smith BRUSSELS (Dow Jones)--After months of haggling and heartache, the euro zone is finally set to push ahead with a new, enhanced rescue deal for Greece Monday that will avert--at least for the present--the threat of a potentially ...

Euro rises with Greek deal expected but sentiment fragile
Reuters
By Neal Armstrong | LONDON (Reuters) - The euro rose on Monday on expectations that euro zonepolicymakers would approve Greece's second bailout but risks over implementing the deal as well as a loose euro zone monetary policy outlook were likely to ...

Eurozone leaders expected to approve Greek bailout
OregonLive.com
By AP View full sizeThe Associated PressGreek Finance Minister Evangelos Venizelos, left, gestures while speaking with European Central Bank President Mario Draghi, second right, during a round table meeting of eurozone finance ministers at the EU ...

OregonLive.com

Greece awaits bailout decision but issues remain
Chicago Tribune
Eurozone governments hoped to sign off on Monday a long-awaited rescue package for Greece, saving it from a potentially calamitous bankruptcy next month, but several key points of division remained, senior officials said. Finance ministers meeting in ...

Chicago Tribune

Eurozone Greek bailout talks begin in Brussels
BBC News
Eurozone finance ministers are holding talks in Brussels aimed at securing a second vital bailout for Greece. They have said they are hopeful of reaching a deal, with France's Finance Minister Francois Baroin saying all the elements are in place.

BBC News

Greece waits on eurozone ministers to approve crucial €130bn bailout
The Guardian
The Greek people and their government were on Monday being made to sweat at the hands of European finance ministers for a €130bn (£110bn) bailout to save the country from bankruptcy and the eurozone from collapse. Hardline demands from northern ...

The Guardian

Eurozone set to fix new Greek bailout
Channel News Asia
BRUSSELS: Greece said on Monday it was confident a deal would be found to seal the country'seurozone future with a new bailout but key partners demanded strict surveillance of the Athens government. After months of acrimonious debate, ...

FOCUS: Traders Struggle With Euro Crisis Headline Fatigue
Wall Street Journal
By Eva Szalay Of DOW JONES NEWSWIRES LONDON (Dow Jones)--The increasing complexity of the euro-zone crisis has caused investors to shun daily headlines and instead bet on the overall outcome of the Greek bailout negotiations, even though the endgame of ...

Analysis: Euro zone gropes for way out of state-bank dependency
Reuters
By Paul Taylor | PARIS (Reuters) - Like drunks at a bar door, the euro zone's governments and banks are leaning unsteadily on each other for support. The banks know they have to sober up, but governments are urging them to have one more for the road.

Greece awaits bailout green light, issues remain
USA TODAY
By SARAH DiLORENZO, AP BRUSSELS – Eurozone governments are expected to sign off Monday on a long-awaited rescue package for Greece, saving it from a potentially calamitous bankruptcy next month, according to senior officials.

USA TODAY

Euro Zone To Agree 2nd Greek Bailout Deal
NASDAQ
BRUSSELS -- After months of haggling and heartache, the euro zone looked set Monday to push ahead with a new, enhanced rescue deal for Greece that will avert--at least for the present--the threat of a potentially catastrophic default.

All Eyes on Brussels as Greek Decision Awaited
Fox Business
After months of seemingly endless false starts, heated negotiations and parliamentary votes,eurozone finance ministers are expected to agree to on a $172 billion bailout package for Greece on Monday. The Mediterranean country has also been locked in ...

Euro zone to decide on Greek bailout
Globe and Mail
In the afternoon, central European time, the euro zone's 17 finance ministers are to meet to iron out the last wrinkles of a €130-billion bailout package that will spare Greece from defaulting on its debt this time next month, when the treasury must ...

Globe and Mail

Second Greek bailout in reach despite funding gaps
Chicago Tribune
BRUSSELS (Reuters) - Euro zone finance ministers inched towards approving a second bailout for debt-laden Greece on Monday that would resolve Athens' immediate repayment needs but seems unlikely to revive the nation's shattered economy.

FOREX-Euro rises with Greek deal expected but sentiment fragile
Reuters
Analysts expected the 130 billion euro bailout deal to be signed off by euro zone finance ministers on Monday after numerous delays. Although financing gaps in Greece's debt reduction plans remained, a euro zone official said they were not big enough ...

Greek bank rally sees Athens outperform this year
Reuters
* Greek banks extend six-week rally, pushing bourse higher * Shares in Athens outpace rest of euro zone * Valuations boosted before state recapitalisations By Francesco Canepa LONDON, Feb 20 (Reuters) - Relief that listed Greek banks will escape ...

Eurozone set to hand Greece new bailout
Khaleej Times
BRUSSELS — The eurozone looked set Monday to throw Greece a new financial lifeline after tightening conditions behind a massive bailout to secure the country's immediate future in the single currency area. Greek Prime Minister Lucas Papademos joins ...

Eurozone ministers meeting over Greek bailout
RTE.ie
Eurozone finance ministers look set to approve a second bailout for Greece, with French Finance Minister Francois Baroin saying everything is in place for the €130bn rescue package. Eurozonefinance ministers look set to approve a second bailout for ...

Eurozone leaders meet to clear 2nd Greece bailout
Zee News
Berlin: The eurozone finance ministers are expected to approve Greece's second bailout at a crucial meeting today as the debt-laden nation fulfilled more conditions set by the European Union and the International Monetary Fund to receive the assistance...

Zee News

Upbeat German Outlook Boosts Euro
Wall Street Journal
By CLARE CONNAGHAN LONDON—The euro gained against the dollar on Monday after Germany's central bank provided an upbeat assessment on the outlook for its economy and expectations rose that euro-zone finance ministers will agree on a second bailout for ...

FOREX-Euro rises with Greek deal close, but risks pullback
Reuters
* Single currency rises before euro zone ministers' meeting * Deal boost to euro seen limited by Greek economy, implementation risks * China required reserve ratio cut boosts risk appetite By Neal Armstrong LONDON, Feb 20 (Reuters) - The euro rose on ...

Eurozone Ministers Confident Of Greek Bailout Deal
RadioFreeEurope/RadioLiberty
Eurozone finance ministers meeting in Brussels have expressed confidence that an agreement will be reached to secure a second bailout for Greece. The 130 billion-euro bailout package aims to prevent a Greek debt default on March 20, ...

RadioFreeEurope/RadioLiberty

Euro zone officials eye Greek escrow account: Fekter
Reuters
VIENNA (Reuters) - Euro zone officials are discussing an escrow account for Greek bailout funds as part of a package they will address on Monday, Austrian Finance Minister Maria Fekter said. She told Austrian radio that the political issue of who would ...

Euro Zone Seeks Central Banks' Help in Greek Bailout
CNBC.com
Euro zone governments are looking to the European Central Bank and national central banks to help pare back the cost of a second rescue package for Greece which would otherwise amount to 170 billion euros ($224.2 billion). Figures seen by the Financial ...

CNBC.com

Eurozone crisis live: Greece bailout decision due today
The Guardian
Our correspondent Helena Smith explains: With so much hanging on the agreement – future aid but also the country's fate as a euro zone member – the technocrat prime minister will hold back-to-back meetings ahead of euro group finance ministers ...

The Guardian

Eurozone Greek bailout talks begin (VIDEO)
GlobalPost
Greek unions and leftist parties lead fresh anti-austerity protests on the eve of a meeting ofeurozone finance ministers in Brussels called to approve a $170 billion loan package needed for Athens to avoid default. (LOUISA GOULIAMAKI/AFP/Getty Images) ...

Iceland shows eurozone how to fight crisis — RT
By RT
Before Greece and Portugal, it was Iceland that chilled investors. Now the country's finances are recovering and its bonds are turning into a lucrative investment.
News RSS : Today

Why Greece Must Exit the Eurozone, How it Will Happen (and Why ...
By Mike Mish Shedlock
Mish's financial blog covers global news and macroeconomic events regarding the world economy. The blog's primary focus is inflation, deflation, and hyperinflation topics, especially currencies, gold, silver, crude, oil, energy and precious ...
Mish's Global Economic Trend Analysis

As Eurozone Meets on Greek Bailout, More Evidence of Austerity's ...
By David Dayen
I don't know how many Eurozone finance meetings have been seen as consequential, but we've got another one today, with the Greek bailout as the.
Firedoglake

20-Feb-12 World View: Eurozone Finance Ministers Set to Approve ...
By John J. Xenakis
North Korea's new leader threatens South Korea over military exercises; Egypt recalls ambassador to Syria over ongoing violence; Detention of pro-democracy workers threatens U.S.-Egypt relationship; Eurozone finance ministers set to ...
Big Peace

Time for a theory of eurozone relativity | The A-List | Must-read views ...
By Stephen King
The A-List from the Financial Times provides timely, insightful comment on the topics that matter, from globally renowned leaders, policymakers and commentators.
The A-List

Eurozone debt sustainability
By noreply@blogger.com (gulzar)
The most important question surrounding the Eurozone crisis is about the sustainability of the current debt levels, especially given each country's economic prospects. The simple reality, stripped off all economic theory, is that the debt-to-GDP ...
Urbanomics

FX Traders Struggle With Euro Crisis Headline Fatigue @ Forex ...
By From efxnews.com
FX Traders Struggle With Euro Crisis Headline Fatigue - The increasing complexity of the euro-zonecrisis has caused investors to shun daily headlines and instead bet on the overall outcome of the Greek bailout negotiations, even though the ...
Forex Factory

Zakaria: How the Euro Zone was saved – Global Public Square ...
By Amar C. Bakshi
By Fareed Zakaria, CNN Imagine a region of the world where stocks have had their best January in nearly 15 years; bank shares are up 20%; the rates at which governments borrow money has fallen sharply; investor sentiment is at its best in ...
Global Public Square

XE.com - Greece must meet euro zone demands to the letter - Dutch ...
To read highlights of ministers' and officials' comments on arrival for the Eurogroup meeting in Brussels, please click on.
XE Forex News

CanSpeccy: Why the Eurozone Is About to Break Up
By CanSpeccy
Mish's article includes a quote listing the requirements for a successful monetary union as spelled out by Canadian Nobel Prize winning economist, Robert Mundell: requirements that, as we noted earlier, the Eurozone entirely lacks. In fact ...
CanSpeccy

Eurozone set to decide on Greek rescue
By mwcnews@gmail.com (Agencies)
Eurozone finance ministers are expected to approve a $170bn second bailout package for Greece in order to prevent the beleaguered country from defaulting on its debt. After weeks of difficult negotiations, the ministers are scheduled to start ...
MWC News

Using the financial crisis to justify regulating Main Street ...
By Steve Bainbridge
Lucian Bebchuk is still trying to use the financial crisis of 2007-2008 to justify his sweeping regulations of executive compensation: In fact, pay arrangements did provide substantial incentives for excessive risk-taking. Under the standard ...
ProfessorBainbridge.com

The Two Sides to the Euro-Zone Coin | Merit Financial - Buy Gold ...
By admin
As the entire region (and especially the German public) grows weary from bailout fatigue, the debt situation in several major euro zone countries has shown virtually no improvement. For the first time since the onset of the crisis some are ...
Merit Financial - Buy Gold Coins...

Palomo addresses America's financial crisis Thursday in ...
By IR
Are you concerned about the financial future of your family and of America? Are you convinced your children and grandchildren will have the same options for financial freedom? Anxious to learn more about what caused the financial crisis, ...
Illinois Review

Euro-zone GDP shrinks, cushioned by France - MarketWatch
FRANKFURT (MarketWatch) — The economy of the 17-nation euro zone shrank 0.3% in the final three months of 2011 as the sovereign debt crisis took its toll, ...
articles.marketwatch.com/.../31061875_1_euro-zone-euro-zon...

Euro Zone GDP Better Than Hoped: What Does This Mean? — EU ...
Euro zone gross domestic product figures released on Wednesday were slightly better than expected, but the region is far from out of the woods, experts believe.
www.cnbc.com/.../Euro_Zone_GDP_Better_Than_Hoped_Wh...

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