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

Friday, February 10, 2012

Eurozone partners have doubts about Greek austerity deal

Eurozone partners have doubts about Greek austerity deal
USA TODAY
As the largest economy in Europe, Germany is a leading force in the group of 17 countries that use the euro — the so-called eurozone — wielding its considerable economic clout to steer decision-making and policy. "The agreement, as far as I ...

USA TODAY

Investor Views of Euro Zone Brighten
Wall Street Journal
Spain, its fellow contestant in the euro-zone crisis's "next-domino" game, is faring even better. Signs of an easing of investor concerns about the euro-zone crisis are everywhere in the opening weeks of 2012. But the foundations of the current ...

Euro crisis averted? Don't believe a word of it
Telegraph.co.uk
No one honestly believes the eurozone crisis has been vanquished, but since early January there has been a lull in the storm and even a sense of beginning to get on top of things. The European Central Bank's promise of unlimited liquidity for the ...

Telegraph.co.uk

MONEY MARKETS-US money funds add euro zone debt in Jan
Reuters
Money funds add euro zone debt for 1st time since April * Funds' euro zone debt holding still 62 pct below peak * French bank paper enjoys revival on fewer worries By Richard Leong NEW YORK, Feb 9 (Reuters) - US prime money funds increased their ...

Euro zone ministers to meet on Greece without Italy's Monti
Reuters
BRUSSELS (Reuters) - The finance ministers of Italy and Cyprus will not attend a euro zonemeeting on Thursday, officials said ahead of the gathering called to examine a financial aid package for Greece, while the arrival of Austria's Maria Fekter also ...

ING warns of contagion risk from Greece
Reuters
"It can have consequences for contagion and consequences that may be much more than direct. The indirect consequences could really be significant. Maybe we are directly not that exposed any longer, but indirectly we could be," Hommen said.

OIL FUTURES: Crude Rises On Greek Deal Optimism Ahead Of Euro-Zone Meet
Wall Street Journal
By Surabhi Sahu Of DOW JONES NEWSWIRES SINGAPORE (Dow Jones)--Crude-oil futures rose Thursday amid optimism ahead of a euro-zone finance ministers' meeting in Brussels scheduled late in the global day to discuss the second massive bailout for Greece, ...

Weak eurozone dents Vodafone growth
Telegraph.co.uk
Deteriorating economic conditions in the eurozone have taken a bite out of Vodafone's revenues, as the weakening market in the Southern Europe outweighed explosive gains in Turkey. In the UK, the customer base shrank by 1000 and customers also became...

Telegraph.co.uk

Property investors eye euro zone break up-DTZ
Reuters
Few investors considering resolution of debt crisis * Break up may hit Asia office rents, Europe capital values LONDON Feb 9 (Reuters) - Businesses and investors globally are preparing for a break up of the debt-riddled euro zone in 2012, leading many ...

Eurozone crisis: Greeks try to snatch defeat from the jaws of victory
The Guardian
In the end the squabbling political leaders in Athens did what they were always going to do: they opted to save Greece from the economic Armageddon that an assured default would have meant if the debt-stricken country had decided not to accept the ...

The Guardian

Eurozone 'owes pharmaceutical companies €12bn for medicines'
The Guardian
Pharmaceuticals companies are owed €12bn (£10bn) for unpaid medicine bills in theeurozone – half of that in Spain – according to a senior executive, who said that the industry was counting on the help of the International Monetary Fund and the ...

The Guardian

Eurozone not ready to unlock Greek bailout: Juncker
MSN Philippines News
Eurozone finance ministers warned Greece on Thursday that they are not yet ready to unlock a new debt bailout despite an agreement between Greek political leaders on new austerity cuts. Luxembourg prime minister, Jean-Claude Juncker, arriving to chair ...

Obama to meet Italian PM on euro crisis
Economic Times
The Oval Office meeting will take place with the focus of Europe's turmoil on Greece, after the country's leaders did a last minute deal on austerity cuts to secure a new eurozone bailout. Angry unions, though, vowed more strikes.

If The euro Breaks Up -- Scenarios For Greece, PIIGS And Total Collapse
Forbes
Even a modest breakup of the euro, such as the departure of Greece, would send the S&P 500 down 10 percent and with contagion effects knock 17 percent off the value of a long/short equity portfolio, said Dr. Lance Smith, CEO of Imagine Software.

Eurozone would still survive if Greece withdraws
Yorkshire Post
EUROPEAN Commission vice president Neelie Kroes has sparked controversy by insisting theeurozone would not collapse if Greece were forced to withdraw. It comes as the debt-stricken country battles to avoid economic disaster amid political stalemate ...

UK, Euro-Zone Interest Rate Decisions Set to Impact Markets
Forexyard
The market place is not forecasted to be nearly as quiet today, as euro-zone and British interest rate decisions and press conferences are forecasted to generate significant volatility. Should any of the news turn out to be negative, investors are ...

“The Financial Crisis: A Debt Bubble” Achieves Most Viewed Article on ...
Houston Chronicle
Annuity Think Tank member Jason Chaifetz attains the honor of Most Viewed article on Producers Web with his popular financial piece, “The Financial Crisis: A Debt Bubble”. Annuity Think Tank member Jason Chaifetz attains the honor of Most Viewed ...

Unipetrol CFO: 1Q Outlook Mixed, Euro-Zone Consequences Uncertain
Wall Street Journal
PR) sees first quarter sales mixed, with demand outlook clouded by the euro-zone crisis, the company's chief financial officer said Thursday. "There's still a flat dynamic on the [petrochemical] side, and a slight improvement on the refinery side," ...

Brazil Stocks Fall Amid Volatility After Negative Risks Seen In Euro Zone
Wall Street Journal
RIO DE JANEIRO (Dow Jones)--Brazilian share prices fell in early trading Thursday amid volatile trading, after European Central Bank president Mario Draghi highlighted the negative risks for theeuro zone from the pressures of a more sluggish world ...

“Belize Weathered the Financial Crisis Relatively Well”... Kudos Hon. Dean Barrow
The Guardian, Belize
Dean Barrow In late 2011, the IMF issued a statement categorically saying “Belize weathered thefinancial crisis relatively well, when compared to other countries in the Caribbean Community (CARICOM).” It attributes expanding output in 2010 to activity ...

The Eurozone's Fork in the Road
Project Syndicate
BUENOS AIRES – Many observers have recently declared that the eurozone debt crisis is practically resolved, or at least on hold for a few years. The falling yields at the Italian government's last bond auctions in 2011 suggested a significant reduction ...

Luxury brands untouched by euro zone crisis? Sales boom despite EU slump
Economic Times
But a drop in unemployment to post-reunification lows and the ability of many German companies to weather the euro zone debt crisis has kept consumption growing steadily. While German fashion house Hugo Boss 2011 sales jumped 19 percent to 2.06 billion ...

Cochran Says Korea Economy `Vulnerable' to Euro Crisis
Washington Post
Feb. 9 (Bloomberg) -- Shaun Cochran, head of Korea research at CLSA in Seoul, talks about the impact of Europe's debt crisis on South Korea's central bank monetary policy, economy. The Bank of Korea held off raising borrowing costs for an eighth ...

Will Currency Devaluation Fix the Eurozone?
The Market Oracle
The NYU professor of economics Nouriel Roubini said in Davos, Switzerland, on January 25, 2012, that tight policies are making the recession in the eurozone worse. According to Roubini what Europe needs is less austerity and more growth.

The next financial crisis?
MyFox Tampa Bay
She is a member of NACBA, the group is sounding the alarm about the nation's next possible financial crisis. "There were plenty of warning signs and the same thing goes here with student loans," Arkovich said. Right now, Americans owe $1 trillion in ...

MyFox Tampa Bay

Eurozone Crisis Could Hit US Businesses, Warn CEOs
International Business Times
More than half of US industry leaders believe that their firms have been hit by the ongoing debt crisis in the eurozone, research has shown. A global survey of top CEOs, carried out by leading think tank PwC, also showed that bosses' commitment to do ...

International Business Times

German Bundestag parties to meet on Greece Friday
Reuters
| BERLIN (Reuters) - German Chancellor Angela Merkel will meet with parliamentary floor leaders on Friday to discuss Greece's bailout after euro zone ministers meet in Brussels later on Thursday, parliamentary sources said.

Sims Metal to take $614m hit in delayed reaction to financial crisis
Brisbane Times
THE delayed fallout from the 2008 global financial crisis hit metals recycler Sims Metal Management yesterday, when it announced a $614 million pre-tax asset writedown that will plunge earnings into the red for the December half. At the same time, ...

Eurozone crisis: live blog | The World | International affairs blog from ...
By Tom Burgis
Welcome to our continuing coverage of the eurozone crisis. All times GMT. By Tom Burgis and Esther Bintliff in London, and Anjli Raval in New York, with contributions from FT correspondents around the world. This post should update ...
The World

XE.com - MONEY MARKETS-U.S. money funds add euro zone debt ...
U.S. prime money funds increased their holdings of euro zone bank securities in January for the first time since April 2011, suggesting reduced fears about the euro zone debt crisis spiraling out of control, a bank research report said on ...
XE Forex News

Greek austerity plans not ready, say eurozone ministers ...
By agyateng
Eurozone ministers have cast doubt over a new Greek austerity plan, as they meet in Brussels to decide on a 130bn euro ($170bn; £110bn) bailout fund. German Finance Minister Wolfgang Schaeuble said the Greek plan was “not at a stage ...
Ghanamma.com

Our next financial crisis… | Susan Campbell
By Susan Campbell
One Response to Our next financial crisis… leftover says: February 9, 2012 at 1:27 pm. Is the current financial crisis over? And when did the mortgage debt crisis end? The American student loan racket has been flourishing for a long time.
Susan Campbell

Gold Will Advance to $2500 If Euro Zone Breaks Up :: The Market ...
Gold Will Advance to $2500 If Euro Zone Breaks Up :: The Market Oracle :: Financial Markets Analysis & Forecasting Free Website.
The Market Oracle

Greek austerity plans not ready, say eurozone ministers – BBC ...
By admin
BBC NewsGreek austerity plans not ready, say eurozone ministersBBC NewsEurozone ministers have cast doubt over a new Greek austerity plan, as they meet in ...
Free Press

Trust Your Instincts: Does it matter that Eurozone banks are pledging ...
By Richard
While existing unsecured Eurozone bank debt holders are becoming structurally subordinated to the ECB, does this matter given that these debt holders are not rolling over their existing debt, but instead taking their investment and going ...
Trust Your Instincts

Greek prime minister optimistic of eurozone compromise - Business ...
Greek coalition leaders failed to reach a deal on austerity cuts after marathon talks but Prime Minister Lucas Papademos is hopeful of an agreement.
Mail & Guardian News Feed

Gold Will Advance to $2500 If Euro Zone Breaks Up – Capital ...
By Stefan B
Gold Will Advance to $2500 If Euro Zone Breaks Up – Capital Economics. from GoldCore: Gold's London AM fix this morning was USD 1733.00, EUR 1304.77, and GBP 1094.20 per ounce. Yesterday's AM fix was USD 1743.00, EUR 1315.17, ...
SGTreport.com

Upbeat French forecast underpins eurozone confidence - Expatica
French industrialists now expect to boost investment by 7. 0 percent this year, the national statistics office said on Thursday in a further sign of eu...
Expatica - French Local Headlines

Financial Crisis, the European Debt Crisis, US and World Economic ...
By jeffrey.masse
Financial Services Forum Department of Accounting and Finance Presents “Financial Crisis, the European Debt Crisis, US and World Economic Outlook” A.
Graduate College of Management

GlaxoSmithKline clears cash from eurozone on a daily basis ...
By Allison
By Rachel Cooper GlaxoSmithKline is clearing cash out of eurozone countries on a daily basis to protect itself against a potential banking and liquidity.
Philosophers stone

Draghi to the Rescue: Emergency ECB Moves Ease Eurozone Crisis ...
If President Obama wanted to thanks someone for the relative calm in Europe that is buoying U.S. equity markets, perhaps he should consider an Italian ...
www.foxbusiness.com/.../draghi-to-rescue-ecb-moves-easing-e...

Euro Crisis - SPIEGEL ONLINE - Nachrichten
There is a widespread belief that Germany is the big winner of the euro crisis, as investors stash their money in the euro zone's last safe haven, driving interest ...
www.spiegel.de/international/topic/euro_crisis/

Will Currency Devaluation Fix the Eurozone? - Frank Shostak ...
According to some experts, what is required to "fix" the eurozone is not tighter fiscal policies but a strong devaluation of the euro. Austerity, they warn, won't let ...
mises.org/daily/.../Will-Currency-Devaluation-Fix-the-Eurozo...

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