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

Saturday, February 18, 2012

Latest developments in Greece's financial crisis

Latest developments in Greece's financial crisis
BusinessWeek
By AP Top European leaders sounded confident that Greece's bailout deal can be agreed at aeurozone finance ministers' meeting on Monday. German Chancellor Angela Merkel, Greek Prime Minister Lucas Papademos and Italian Premier Mario Monti held a ...

Eurozone leaders upbeat as Greek debt swap begins
AFP
ROME — Eurozone leaders said on Friday they were optimistic on prospects for a deal on a Greek rescue package next week despite high tensions after Greece adopted a raft of painful austerity measures. Eurozone central banks also began a debt swap to ...

AFP

Euro zone leaders upbeat as Greek debt swap begins
Sydney Morning Herald
Euro zone leaders were upbeat Friday about the chances of a Greek rescue package deal early next week despite high tensions after Greece adopted a raft of painful austerity measures. euro zonecentral banks began a debt swap of Greek bonds in what ...

FOREX-Euro higher but Monday euro zone meeting ahead
Reuters
Euro zone finance ministers were due to vote on the package on Monday, which in the United States is the Presidents Day market holiday. Given the stakes, however, some US traders are expected to be at their desks that day.

Eurozone May Be Sliding Into Recession: Capital Economics
NASDAQ
(RTTNews.com) - Eurozone's fourth quarter GDP contraction raises fears that the economy is heading for a recession this year, Jennifer McKeown, senior European economist at Capital Economics, said in a note this week. The GDP decline reflected ...

Eurozone crisis: Europe should help Greece avoid default, says France
Economic Times
Tensions between Athens and other European capitals hit new highs this week as eurozoneministers delayed to next Monday a decision on a bailout agreement and demanded more commitments from Greece. French Prime Minister Francois Fillon took Greece's ...

German crisis imperils eurozone leadership
UPI.com
17 (UPI) -- German Chancellor Angela Merkel faced a dual challenge Friday of keeping the lid firmly on domestic politics over President Christian Wulff's ignominious departure and pushing the momentum of Greek eurozone debt repackaging talks.

What eurocrisis? Hamburg to build $500 million concert hall
Christian Science Monitor
Hamburg, Germany aims to build one of the acoustically best concert halls in the world, admist one of Europe's worst economic crises in recent history. By Isabelle de Pommereau, Correspondent / February 17, 2012 'Elbphilharmonie,' a 26-story concert...

Christian Science Monitor

Eurozone crisis live: World markets rise on Greek bailout hopes
The Guardian
11am: Italian prime minister Mario Monti meets Angela Merkel to discuss eurozonecrisis. 11.30am: Klaas Knot, member of the European Central Bank's governing council, to give speech on the future of European monetary union and the Netherlands' place in ...

The Guardian

Eurozone debt crisis: Greece closes in on bailout, Germany seeks more oversight
Economic Times
Greek officials say they have done everything asked of them for euro zone finance ministers to sign off on the 130 billion euro ($170 billion) rescue package on Monday -- a month before Athens needs the money to make 14.5 billion euros of debt ...

Eurozone leaders upbeat as Greek debt swap begins, news, StarAfrica.com
StarAfrica.com
Eurozone leaders were upbeat Friday about the chances of a Greek rescue package deal early next... Eurozone leaders were upbeat Friday about the chances of a Greek rescue package deal early next week despite high tensions after Greece adopted a raft of ...

StarAfrica.com

Weak currency leads to eurozone 'oil shock'
Financial Times
But add into the mix the weak euro against the dollar – far below the levels of three-and-a-half years ago – and the result is that eurozone consumers are paying almost the same price for oil as they did back in 2008. In euros, the cost of Brent rose ...

As Greeks protest, more talk of Greece leaving the eurozone
Public Radio International PRI
In Brussels, no one is willing to talk about Greece leaving the eurozone, but more economists are admitting, it's possible. At this point, it's just talk, but more people are talking about what was once unthinkable. The only way for Greece's economy to ...

ECB's Knot: Euro Zone Must Increase Firewall In March
Wall Street Journal
By Geoffrey T. Smith LONDON (Dow Jones)--The euro zone needs to increase the resources available to its "firewalls" when its heads of government meet again in March, Dutch Central Bank President Klaas Knot said Friday. In a speech to an audience of ...

Eurozone economy shrinks
DAWN.com
THE eurozone economy contracted in late 2011 for the first time since the depth of the global recession as the struggle to save the single currency took its toll on growth across the 17-nation region. With even Europe's powerhouse Germany suffering a ...

Spectre of WWII hovers over eurozone crisis
The Australian
Italian newspaper Il Giornale has carried its own article linking the euro crisis to Auschwitz and there have been ominous mentions of the war in Portugal. It is the sort of abuse that at any time over the past six decades would have sent German ...

The global future of Europe's crisis
Gulf Times
By Kemal Dervis/Washington, DC It is now clear that the eurozone crisis will continue well into 2012, despite early February's recovery in stock markets. Negotiations between Greece and the banks over Greek sovereign debt may yet be concluded, ...

Gulf Times

Eurozone Finance Ministers Delay Meeting on Greek Bailout
Yahoo! Contributors Network
Greece will have to wait at least a few more days before finding out to what extent the rest of theeurozone is willing to help it avoid defaulting on its national debt. Ekathimerini reported early Thursday that the eurozone's finance ministers ...

Aegon: euro crisis bottomed out, volatility to persist
Reuters UK
AS) believes the worst of the euro crisis is over although its chief executive said he expected continued volatility and uncertainty in financial markets. Aegon, which missed fourth-quarter profit estimates after taking several one-off charges, ...

Hopes Rise For Greek Deal, But Anger Grows In Eurozone
Eurasia Review
Time is running out for Greece to seal the €130-billion rescue and avoid bankruptcy, but Greek officials hope eurozone finance ministers will sign the deal off on Monday – a month before Athens needs the money to make €14.5 billion of debt repayments.

Eurozone Recession Accelerates; Moody's Piles On
The New American
Reuters announced that economic output in the 17-member eurozone declined by 0.3 percent in the last quarter of 2011, the sharpest since the second quarter of 2009 at the start of the recession. Those same economists are now predicting that European ...

Euro-zone construction falls in fourth quarter
MarketWatch
By Alex Brittain LONDON (MarketWatch) -- Euro-zone construction output edged up for the second month running in December, but that wasn't enough to stop a contraction in the fourth quarter overall. The European Union's statistics agency said overall ...

Work to do to hit Greece's 2020 debt target: Juncker
Reuters
Speaking ahead of a critical meeting of euro zone finance ministers in Brussels on Monday, when they are expected to finalize the details of a second rescue program for Greece, Jean-Claude Juncker said there was a lot of work to be done to get the debt ...

The EU's incomplete path to economic governance
thenewfederalist.eu
The euro crisis seems to be on a positive path to resolution, as pressure on Italy and Spain's sovereign debt markets slowly decreases and the contagion from Greece and Portugal to the rest of the eurozone seems less straightforward than previously.

6-century history of French franc ending on last day to change former money to ...
Washington Post
France is the second eurozone country to definitively phase out its old currency, after Italy stopped exchanging the lire in December. Finns have until the end of this month to turn in their last markkaa, while the Dutch get to hang onto their old ...

Asian markets rise on US economic data
AFP
HONG KONG — Asian stocks mounted a broad rally Friday, shrugging off concerns over eurozone debt as a batch of rosy US economic data buoyed investor sentiment with the Dow hitting a near four-year high. Tokyo stocks hit their highest level in six ...

AFP

Pre Market Briefing including: 'Euro-zone shows tentative signs of ...
Proactive Investors UK
UK markets finished lower yesterday, led by declines in mining and banking stocks, as the euro zone lender nations struggled to reach an agreement over a rescue fund for Greece, outweighing upbeat economic data from the US. BAE Systems retreated 2.3%, ...

Citigroup: Euro Zone May Follow In Steps Of USSR's Ruble Zone
«Market Leader» - news and previews making you rich.
According the Western mass media (Bloomberg, The Guardian, The Financial Times, The New York Times, Forbes etc), the respected economist used this notion to describe the future of the eurozone. According to Willem Buiter, the ECB may initiate the ...

«Market Leader» - news and previews making you rich.

Eurozone current account back in surplus: ECB
Economic Times
The eurozone's current account was in surplus in December for the first time since September, data published by the European Central Bank showed on Friday. The current account showed a surplus of 2.0 billion euros ($2.6 billion) in December, ...

Forex - EUR/USD flat as euro zone considers Greek options By ...
By Forexpros
Forex - EUR/USD flat as euro zone considers Greek options.
Forex Pros RSS News Feed | Forex News

The Eurozone Crisis and Social Democracy in Germany
By Michael Dauderstaedt
Dr Michael Dauderstaedt, Director of the Economic and Social Policy Department of the Friedrich-Ebert-Stiftung, discusses the Eurozone crisis and its impact on social democracy in Germany. This talk was recorded at the event 'Social ...
Social Europe Journal

ekathimerini.com | Eurozone leaders upbeat as Greek debt swap ...
Eurozone central banks also began a debt swap to reduce losses on their holdings of Greek government bonds after Italian Prime Minister Mario Monti and German Chancellor Angela Merkel held a conference call on the debt crisis with Greek ...
Latest News

Eurozone's reluctant take-over bid for Greece | Gavyn Davies ...
By Gavyn Davies
Gavyn Davies blogs for the Financial Times on macroeconomics, economic policymaking and the financial markets. Gavyn Davies is a macroeconomist who was the head of the global economics department at Goldman Sachs from ...
Gavyn Davies

Euro-Zone Construction Output Declines In Fourth Quarter | Benzinga
By Monica Gerson
Euro-zone construction output rose in December. According to the European Union's statistics agency, overall construction output in the euro-zone climbed 0.3% in December. Construction output in the fourth quarter declined 1.8% versus the ...
Benzinga - Stock Market Quotes,...

Eurozone Worries Driver behind Gold Traders Bull Ride
By Barbara Zigah
(eToro Blog) In its annual report the World Gold Council said that gold demand struck a record high last year, with demand driven primarily by India, China.
eToro Blog

EFSF Launches Eurozone Bond Protection Certificates | ForexLive
PARIS (MNI) - The European Financial Stability Facility (EFSF), Europe's bailout fund, said Friday that it has launched a bond protection program.
ForexLive

Greece 1858 - plus ça change | Presseurop (English)
Member States. Eurozone crisis. Greece 1858 – plus ça change. 17 February 2012. Frankfurter Allgemeine Zeitung .... Latest articles. Eurozone crisis. How Brussels is destroying Greece · Sunk into a violent depression, Greece is being bled ...
Presseurop

FOREX-Euro rises, Monday euro zone meeting eyed – Reuters
By us economy - Google News
Trading PointFOREX-Euro rises, Monday euro zone meeting eyedReuters* Euro rises on hopes for Greek deal, gains could be limited * Dollar/yen nears post-intervention peak of 79.553 yen By Luciana Lopez NEW YORK, Feb 17 (Reuters) ...
Daily Financial News

The Purpose of the Eurozone's Can Kicking « Fisher Investments ...
By Admin
The Purpose of the Eurozone's Can Kicking. February 17, 2012 Admin Leave a comment Go to comments. As this blog has maintained for some time, the eurozone has been engaged in a long, steady process of kicking the can down the road.
Fisher Investments Investing IQ

XE.com - PREVIEW-German Ifo seen edging up on euro zone ...
Germany's closely watched Ifo business climate index is seen edging up in February, a Reuters poll of economists showed, adding to signs that Europe's largest economy is picking up steam on optimism euro zone moves to tackle the debt ...
XE Forex News

Jobless Rate At Lowest Level Since Before Financial Crisis « Alan ...
By William
Submitted by William. It's the lowest level in four years. Three hundred and forty-eight thousand people made initial claims for jobless benefits, the Labor Department said, down from 361000 the previous week. The figure is now at its lowest ...
Alan Colmes' Liberaland

Lesson We Keep Missing in the Financial Crisis: Bite ... - Coyote Blog
By admin
This is NOT how we have dealt with the financial crisis. Through a series of bailouts, we have tried to keep failing financial institutions and countries on life support. We have dragged out the reckoning on mortgages, so we still have not had a ...
Coyote Blog

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