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

Tuesday, February 7, 2012

Germany, France and EC pressure Greece

Germany, France and EC increase pressure on Greece
The leaders of the eurozone's two most powerful economies increased pressure on Greek leaders "live up to their responsibilities" as patience with the struggling nations wears thin. Angela Merkel, the German Chancellor, said on Monday: "We want Greece...

Euro-Zone Government Debt Falls
Wall Street Journal
By PAUL HANNON LONDON—The combined debt of the 17 euro-zone governments fell as a percentage of economic output in the third quarter of 2011, although it rose in all three members that have been forced to seek a bailout.

Euro zone worries stall US stocks after 5-week rally
Economic Times
NEW YORK: US stocks dipped on Monday as a delay by debt-ridden Greece in accepting the terms of a bailout gave investors little reason to buy equities after a five-week rally. Athens allowed another deadline to slip by as political leaders failed to ...

Eurozone crisis live: Greece talks grind on as 'deadline' passes
The Guardian
They say the only commitment is to reach agreement before the next meeting of the Eurogroup of eurozone finance ministers. A meeting had been in the diary for 4pm today - but appears to have been cancelled over the weekend. On Friday a spokesman for ...

The Guardian

Eurozone Recession Could Cut China's Growth by 50%
by Scott Boyd - OANDA Corporation | View company's profile The International Monetary Fund (IMF) said today that a recession in the Eurozone would likely reduce China's actual growth by about 50 percent of the current projection.

OIL FUTURES: Crude Falls With Euro Amid Eurozone Concerns
Wall Street Journal
Eurozone concerns return to the fore as talks over Greek debt restructuring appear to reach deadlock. -- Geopolitical concerns continue to underpin the oil price. By Sarah Kent Of DOW JONES NEWSWIRES LONDON (Dow Jones)--Crude futures fell back Monday, ...

Bank Is Victim in Financial Crisis Case, Not Homeowners
New York Times
They were acquitted in 2009 on all charges, a result that raised questions about whether prosecutors could successfully pursue fraud cases related to the financial crisis. Much like in that case, the charges against Mr. Serageldin are rooted in the ...

Analysis: Euro zone strugglers lack innovative knack
By Alan Wheatley, Global Economics Correspondent | LONDON (Reuters) - To get an idea of the economic mountain euro zone strugglers Greece and Portugal have to climb, consider this: per million inhabitants, they each filed fewer than eight applications ...

Now Romania: Another European government falls amidst eurocrisis
Christian Science Monitor
Romania's government collapsed today – the latest European government to give way amid popular resentment toward austerity measures. By Alison Mutler, Associated Press / February 6, 2012 A string of old shoes brought by protesters calling for the ...

Christian Science Monitor

German Manufacturing Orders Rise
Wall Street Journal
By TOM FAIRLESS FRANKFURT—German manufacturing orders rose more than expected in December, driven by a surge in demand from outside the euro zone, in the latest sign that Europe's largest economy may yet avoid recession despite the euro zone's debt ...

US & Eurozone crisis: Strong ties, but limited downside risk
Economic Times
The importance of such an assessment lies in the fact that any further deterioration in the Euro zonecould lead to a weaker US GDP growth that could in turn impact the prospects of the global economy. The report focuses on five key areas of trade, ...

China Takes On Skeptics of Aid to Euro Zone
Wall Street Journal
On Thursday, in a joint appearance with German Chancellor Angela Merkel, Mr. Wen said that China is considering deeper involvement in the euro zone's bailout funds, but he also stressed that Europe needs to address its own problems.

Wall Street Journal

TSX Flat Amid Euro Zone Anxiety - Canadian Commentary
(RTTNews.com) - Toronto stocks were little changed Monday morning amid anxiety over the euro zone as Greek political parties are negotiating to agree upon austerity measures demanded by the Troika - a consortium comprising of the IMF, ECB and the EU, ...

The Financial Crisis Of 2008 Was Just A Warm Up Act For The Economic Horror ...
Hawaii News Daily
The truth is that the financial crisis of 2008 was just a warm up act for the economic horror show that is coming. Nothing really got fixed after the crash of 2008. We are living in the biggest debt bubble in the history of the world, and it has gotten ...

Eurozone FTT would cost UK firms €22bn
Financial News
UK-based financial institutions could contribute more than half of the revenues from aeurozone financial transaction tax even if the UK government remains opposed to the proposed move, according to a report published today by the Ernst & Young ITEM ...

Financial News

Analysis: Euro zone strugglers lack innovative knack
Baltimore Sun
LONDON (Reuters) - To get an idea of the economic mountain euro zone strugglers Greece and Portugal have to climb, consider this: per million inhabitants, they each filed fewer than eight applications with the European Patent Office in 2010.

Eurozone crisis: Brussels gets tough as Greek resistance grows
The Guardian (blog)
The likelihood is that Brussels will sue for peace and stitch a compromise deal together, probably tomorrow, ahead of a eurozone ministers meeting on Wednesday. Everyone will declare it a victory. Lisbon will look for something similar.

The Guardian (blog)

How Contagion Can Help You Forecast Sales
Business Insider
If you like math buzzwords, then you'll like knowing that the math behind this natural curve is called a diffusion model, which has been used in science in applications like epidemiology (it's basically the plot of the recent hit film contagion).

EU Van Rompuy: Solving Crisis Taking Longer Than Expected
Wall Street Journal
BERLIN (Dow Jones)--Resolving the euro zone's sovereign debt crisis in a sustainable manner is taking much longer than expected, European Council President Herman van Rompuy said Monday. "The fact that solving the crisis is taking much time--more time ...

Euro debt crisis weighs on insurers' 2011
By Myles Neligan | LONDON (Reuters) - Near-record catastrophe claims, the euro zone debt crisis and low interest rates are likely to result in mostly weaker 2011 profits for European insurers. Insurers, major investors in government bonds, ...

Govt expands use of FX reserves / Economic diplomacy used to assist Eurozone ...
The Daily Yomiuri
The government is strengthening its economic diplomacy by utilizing foreign exchange holdings to help stem Europe's ongoing financial crisis and prevent sharp declines in the value of Asian currencies. The expanded use of the foreign exchange reserves ...

ETFs, arbitrage and contagion: a potential link?
To illustrate, the authors use the Flash Crash of May 2010 as a case study for proving the contagioneffect. “The punchline of the paper is that financial innovation can increase systemic risk. It does this via arbitrage relations so that shocks can be ...

Eurozone Debt Crisis Boosting Germany's Residential Markets, Flight to Safety ...
World Property Channel
Based on new research from CBRE Germany, transaction volumes across German residential property portfolios of more than 50 units increased by 44 per cent year-on-year to €6.12 billion (USD $8 billion) in 2011. The number of traded residential units ...

Local banks 'least exposed' to euro zone risks -- Moody's
BusinessWorld Online Edition
THE PHILIPPINE banking system is one of the least vulnerable in the Asia-Pacific to risks arising from a euro zone deterioration, Moody's Investors Service yesterday said. In a report assessing 16 countries, the debt watcher tagged the Philippines, ...

Eurozone scenario analysis goes microscopic
When Risk first wrote about scenario analysis of the eurozone debt crisis in June 2010, banks were sketching out a variety of outcomes and then attaching rough market moves to them. The scenarios themselves were as dramatic as any being considered...


Consumer spending drops in Eurozone
"The prospects for Euro-zone consumer spending still look far from promising in the near term at least," said Howard Archer, chief European economist at IHS Global Insight in London. "Despite inflation starting to retreat across the Eurozone, ...

UK's Hague: Euro-Zone Debt Crisis Biggest Threat To UK
Fox Business
LONDON – The ongoing sovereign debt crisis in the euro zone is the biggest threat to UK prosperity, UK foreign minister William Hague said Monday. Hague told a financial services conference in London that "anemic growth" in the currency union and the ...

Financial Crisis Claims Another European Leader | Benzinga
By Daniel Hayden IV
The financial crisis facing the European Union claimed another member country's leader when Romanian Prime Minister Emil Boc announced on Monday his decision to step down. Prime Minister Boc said that he was resigning in order to ...
Benzinga - Stock Market Quotes,...

NewsDaily: Analysis: Euro zone strugglers lack innovative knack
By Alan Wheatley, Global Economics Correspondent
To get an idea of the economic mountain euro zone strugglers Greece and Portugal have to climb, consider this: per million inhabitants, they each filed fewer than eight applications with the European Patent Office in 2010.
NewsDaily: Top Headlines

Euro Crisis: The Selfishness Of Welfare Economics
By Peter Schweizer
The Euro Group has laid down a marker to the Greeks: You need to meet our demands and reform your economy, or you will have to declare bankruptcy. It's a game of brinksmanship and the deadline appears to be March, at least according to ...
Big Peace

Industrial orders rise amid eurozone gloom - The Local
Germany, the eurozone's biggest economy, saw the release of further favourable economic data on Monday with industrial orders in December partly reversing steep falls seen the previous month.
The Local - Germany's news in English

Greece remains the focus in the euro zone | Olive Press Newspaper ...
By Smart Currency Spain
Greek government spokesman says that a basic outline of a deal on the debt restructuring has been agreed.
Olive Press Newspaper Spain

BJP asks government to rethink Eurozone pact
BJP asks government to rethink Eurozone ...In a statement issued here, party spokesperson Pra...“Given the Eurozone crisis and the expansive nat...“The BJP calls upon the government to act with d...India and the EU have been negotiating ...
Prokerala.com - Daily News Stories

U.S. Job Growth Elevates Asian Stocks Overshadowing Eurozone ...
By Dhwani Shah
The eurozone debt restructuring drops concern as a surprising rise in the Asian stocks has helped overshadow worries on the lack of progress. The healthy U.S. jobs data has also strengthened investor risk craving, weakening euro against ...
Industry Leaders Magazine

By Louise Hogan
A typically overlooked consequence of the EU's fall from global grace due to its financial crisis is the debate it has precipitated at the highest political levels of East Africa. Since its most recent inception in 1996, the East African Community ...
European Student Think Tank

Payout Policy through the Financial Crisis — The Harvard Law ...
By R. Christopher Small, Co-editor, HLS Forum on Corporate Governance and Financial Regulation,
Payout Policy through the Financial Crisis - The Harvard Law School Forum on Corporate Governance and Financial Regulation - A law and economics blog from the Harvard Law School Program on Corporate Governance that gathers the ...
The Harvard Law School Forum...

Greek PM Demands Report On Default, Eurozone Exit ...
By travellerev
Greek PM Demands Report On Default, Eurozone Exit Consequences. The title above is diplomatic speak for, “fuck this we're out”. Fasten your seatbelts ladies and gentleman it's going to get bumpy for a while. Why? because if Greece ...
Aotearoa: a wider perspective

Euro Crisis a Danger to China, IMF Warns — Clearing and Settlement
By RSS Feed
Euro Crisis a Danger to China, IMF Warns. February 6, 2012 By RSS Feed Leave a Comment. Beijing. A pointy downturn in Europe could cut China's mercantile expansion rate scarcely in half, a International Monetary Fund pronounced on ...
Clearing and Settlement — Clearing...

Europe's Growing Imbalances Before Its Debt and Financial Crisis.
By Timothy Taylor
Europe's financial and debt problems were doubtless made worse and brought to a head by the global financial crisis that began in late 2007. But in the U.S., the financial crisis is fundamentally about the bursting of the bubble in housing ...

How Contagion Can Help You Forecast Sales
By Tim Berry
Can we talk about beauty in numbers? Amidst all the nervousness about forecasting new products, does it not make sense, and add elegance too, to talk about the classic s-curve we see in nature? So many natural phenomena show an.
Planning Startup Stories

The Financial Crisis Of 2008 Was Just A Warm Up Act For The ...
The people out there that believe that the U.S. economy is experiencing a permanent recovery and that very bright days are ahead for us should have their ...

Analysis: Euro zone strugglers lack innovative knack - Yahoo! News
From Yahoo! News: LONDON (Reuters) - To get an idea of the economic mountain euro zonestrugglers Greece and Portugal have to climb, consider this: per ...

Commentary: Three female regulators' warnings about financial ...
More people in positions of power — government regulators, especially — should have foreseen the subprime financial crisis coming. Three regulators did ...

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