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

Saturday, March 3, 2012

Eurozone crisis live: EU summit focuses on growth

Eurozone crisis live: EU summit focuses on growth
The Guardian
The reluctance of shoppers in the eurozone's richest and most populous country to spend will also cast a shadow over the talks in Brussels today aimed at setting out measures to encourage growth. The EU summit is among today's highlights but here's the ...

The Guardian

Euro-Zone Producer Prices Rise Faster Than Expected
Wall Street Journal
By ALEX BRITTAIN LONDON—Euro-zone producer prices rose faster than expected in January, adding to concerns that overall inflation may fail to drop rapidly to the European Central Bank's target, giving it less wiggle room to support the economy.

Timothy Geithner decries 'financial crisis amnesia' by reform foes
Los Angeles Times
By Jim Puzzanghera As the fourth anniversary of the first government bailout of thefinancial crisis approached, Treasury Secretary Timothy F. Geithner on Friday decried "financial crisis amnesia" by opponents of the sweeping regulatory overhaul ...

Los Angeles Times

RealClearPolitics - Financial Crisis Amnesia
By Timothy Geithner, Wall Street Journal
Four years ago, on an evening in March 2008, I received a call from the CEO of Bear Stearns informing me that they planned to file for bankruptcy in the morning. Bear Stearns was the smallest of the major Wall Street institutions, but it was ...
RealClearPolitics - Homepage

Eurozone Output Price Inflation Eases For Fourth Month
NASDAQ
(RTTNews.com) - Eurozone's producer price inflation slowed for the fourth consecutive month in January, owing mainly to slower growth in prices of energy products and capital goods. Statistical office Eurostat Friday said that output price inflation in ...

Eurozone states sign up to fiscal pact
Financial Times
Twenty-five of the European Union's 27 member states signed a new treaty on Friday which will introduce a German-style “debt brake” into the constitutional law of the eurozone countries, committing them to drastically reduce borrowing and balance their ...

Eurozone unemployment rise to 0.7%
Ghanaian Chronicle
The unemployment rate in the eurozone continued to rise in January, hitting another record high. The jobless rate in the 17 countries that use the euro rose to 10.7% in January, while December's figure was revised up from 10.4% to 10.6%.

Ghanaian Chronicle

Eurozone delays half of Greece's funds
CNN
(Financial Times) -- Eurozone members delayed approval of more than half of the €130bn bail-out for Greece after demanding that Athens show more proof that it would implement hastily agreed spending cuts and reforms. Finance ministers from the ...

Eurozone agrees in principle on Greek payment
U.S. News & World Report
The leaders hope the accord, known as the fiscal compact, will also lead the way toward closer political and economic integration in the eurozone. "It will bring us, as it were, the economic and monetary union that is finally walking on two legs," said ...

Euro Zone Clears Way for EU Decision on Greek Deal
Wall Street Journal
By MATTHEW DALTON and ANDREA THOMAS BRUSSELS—Euro-zone finance ministers said Thursday they were ready to give Greece money from a new bailout — provided a bond swap that will cut the debt Greece owes its private creditors by more than €100 billion ...

Eurozone Agrees To Accelerate Payment To Permanent Rescue Fund
RTT News
(RTTNews) - Eurozone finance ministers on Thursday decided to accelerate the payment to the region's permanent bailout fund, the European Stability Mechanism, underlining their commitment to immediately resolve the debt crisis.

RTT News

EURO DEBT SUPPLY-ECB cash, euro zone worries to boost bond auctions
Reuters
Core issuers dominate supply * ECB cash, euro zone fears to support * Austria offers investors yield grab By Alessandra Prentice LONDON, March 2 (Reuters) - A glut of cash in the financial system should guarantee healthy demand at sales of triple-A ...

Financial Crisis Amnesia
Wall Street Journal
These weaknesses made Bear Stearns the most important initial casualty in what would become the worst financial crisis since the Great Depression. But as we saw in the summer and fall of 2008, these weaknesses were not unique to that firm.

Euro zone likely to decide on firewall at end-March
Reuters
BRUSSELS (Reuters) - A decision to boost the euro zone's bailout capacity could be taken byeuro zone finance ministers at an informal meeting in Copenhagen on March 30-31, euro zoneofficials said at a summit on Thursday. The euro zone is considering ...

London midday: Eurozone concerns continue to weigh on stock
ShareCast
The FTSE 100 was still trading slightly lower by lunchtime, with all eyes on the Eurozone. European leaders delayed the decision to fully bail out Greece for another 10 days, while banks deposited a record amount of cash in the ECB overnight.

Iceland forgets eurozone, thinking about joining loonie-zone
FXstreet.com
First I've heard about this but apparently it's for real, Iceland may adopt Canada's dollar. How is that for a EUR/CAD trade? In brief remarks to be delivered Saturday in Reykjavik, Canadian ambassador Alan Bones will tell Icelanders that if they truly ...

Euro Zone Unemployment, Inflation Inch Up
International Business Times
Unemployment among the 17 member states in the euro zone rose to almost a 15-year high in January, while inflation on an annualized basis also stepped up. The European Union's official statistics agency, Eurostat, said unemployment rose to 10.7 percent ...

Cautious optimism marks end of EU summit
Financial Times
For the first time in many months, they were meeting without the pressure of a looming eurozone financial crisis to resolve and potential panic in the capital markets, depending on the outcome. “It is the first summit since August 2011 which has not ...

Eurozone crisis: Worst is over; a central flaw in the architecture of the Euro ...
Economic Times
Good news never sells as well as bad news, but the truth is that there are ample reasons to believe that the worst is over for the eurozone crisis. This is good news for everyone; as one of the consequences of this crisis, we have all been reminded ...

Eurozone ministers approve bond sales
Columbus Dispatch
By Rebecca Christie BRUSSELS — Eurozone finance ministers yesterday authorized the region's bailout fund to raise money for Greece's bond exchange, the first step in releasing funds from a $173 billion rescue package. Greece has passed “all required ...

Columbus Dispatch

Our era needs to rediscover economic statesmanship
Financial Times
This tells half the story: the eurozone crisis shows how financial markets can weigh down on deeply rooted political cultures. But individuals do make a difference. Contrast our leaders with their 20th-century predecessors. Unlike Eisenhower or Reagan, ...

Eurozone Producer Price Inflation Eases In January
NASDAQ
(RTTNews.com) - Eurozone producer price inflation eased to 3.7 percent year-on-year in January from 4.3 percent in December, Eurostat said Friday. The rate stayed above the consensus forecast of 3.6 percent. On a monthly basis, the industrial producer ...

Eurozone agrees in principle on Greek payment
Sioux City Journal
BRUSSELS (AP) _ Europe's leaders will seek to chart the continent's way back to growth on Thursday as figures show unemployment in the 17-country eurozone has spiked to its highest level since the euro was established in 1999. While the two-day summit ...

Eurozone crisis: David Cameron sidelined in 'fiscal compact' talks
Scotsman
David Cameron addresses the on the second of a two-day European Union summit in Brussels. Picture: AFP/Getty Images DAVID Cameron was sidelined as 25 European Union countries thrashed out a new “fiscal compact” at a summit in Brussels today.

Scotsman

Sarkozy: Europe Is Turning Page On Financial Crisis
Wall Street Journal
By Gabriele Parussini BRUSSELS (Dow Jones)--French President Nicolas Sarkozy struck an upbeat tone Friday, saying the euro zone had found the path out of the financial crisis. Earlier Friday, 25 of the European Union's 27 leaders signed the region's ...

Euro zone crisis over – for now
Reuters Blogs (blog)
By Neil Unmack By Neil Unmack The euro zone has gone from crisis to catharsis in three months. Markets used to panic over what would happen when Italian yields topped 7 percent. After breaching that level in November last year, Italian 10-year yields ...

EU Leaders Sigh in Relief as Financial Crisis Takes a Break Eds: First Day of ...
LoanSafe
On Thursday, the leaders finally managed to stick to their growth agenda, despite the unveiling of record-high unemployment figures in the morning and a preceding discussion by eurozone finance ministers on Greece's debt woes.

EU fiscal summit: Hope comes to the eurozone
BBC News
In the eurozone 10.7% do not have jobs. For young people, the rate has reached 21%, the highest since the single currency was introduced. In Spain unemployment is predicted to reach 24.3% this year. And so countries are struggling to bring down their...

BBC News

Eurozone likely to decide on firewall at end-March
Firstpost
Brussels: A decision to boost the eurozone's bailout capacity could be taken byeurozone finance ministers at an informal meeting in Copenhagen on 30-31 March,eurozone officials said at a summit on Thursday. The eurozone is considering combining the ...

Firstpost

Prospects Daily: Manufacturing activity in the Eurozone seems to be ...
By Global Macroeconomics Team
There are early signs that manufacturing activity in the Eurozone is stabilizing, albeit still fragile. Markit's Eurozone Purchasing Managers' sub-index on manufacturing output for February rose slightly above the 50 neutral growth mark, even ...
Prospects for Development - A...

THE EUROZONE IS BUILDING A FIREWALL ON THE ...
By John Ward
The eurozone is ablaze, and falling to earth rapidly. It cannot survive with a southern half to it: it was a barmy idea in the first place. We're being told that a firewall is needed to contain Greek meltdown (pass the blender again) but it's all ...
The Slog

Geithner Op-Ed: 'Financial Crisis Amnesia' | Benzinga
By Eddie Staley
These weaknesses made Bear Stearns the most important initial casualty in what would become the worst financial crisis since the Great Depression. But as we saw in the summer and fall of 2008, these weaknesses were not unique to that ...
Benzinga - Stock Market Quotes,...

ekathimerini.com | On Haris Alexiou, the eurozone, capital flight ...
Majority of Germans want Greece out of the eurozone. To our German friends, rather than attacking Greece, take your arguments to Chancellor Merkel. In a recent German survey 63% of Germans want Greece out of the eurozone and quite ...
Latest News

Eurozone Jobless and Inflation Rates Climb Higher
By Benzinga
There was more bad news out of Europe on Thursday when the European Union's statistics agency Eurostat announced that unemployment in the euro zone had climbed.
eToro Blog

Eurocrisis Risk: Not Gone, Only Hiding | Via Meadia
By Walter Russell Mead
One important piece of news was the announcement of another 530 billion euros in cheap funding being released by the European Central Bank to the eurozone's battered banking system. But as a story in today's FT notes, this recent move ...
Via Meadia

Testosterone Pit - Home - Deep Trouble at the Core of the Eurozone
By Wolf Richter
Naked Capitalism, 02-01-2012. Eurozone Bailout May Be Getting Too Big For Germany To Handle, Business Insider, 01-29-2012 ... Paying Lip Service To Saving The Eurozone, Zero Hedge, 01-25-2012. The Art Of Extortion: Now At The IMF, ...
Testosterone Pit

Eurozone PPI up 0.7% from prior month vs. 0.6% expected : Forex ...
By Vincent Facchino
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Forex News and Commentary by FXDD

Pre Market Briefing, including 'Euro-zone unemployment rate rose ...
UK Market Snapshot UK markets finished higher yesterday, as robust corporate earnings report and the ECBs fresh infusion of cheap liquidity into the system helped to boost investors confidence.
Proactiveinvestors United Kingdom...

XE.com - FACTBOX-Inflationary pressures in the euro zone
2012-03-02 12:02 (UTC). FRANKFURT, March 2 (Reuters) - Headline inflation has been well above. the European Central Bank's target of just below 2 percent for more than a year. in the euro zone, but is expected to fall in the course of this ...
XE Forex News

US Financial Crisis and Globalization | Hawaii Reporter
By Panos Prevedouros
BY PANOS PREVEDOUROS PHD - In the coming years US may suffer greatly by the very pattern that it advocated: Globalization. The US is substantially dependent.
Hawaii Reporter

Eurozone Unemployment Hits Record High As Inflation Rises ...
LONDON — Mass unemployment in Greece and Spain, where nearly half of those under 25 are out of work, sent the jobless rate across the 17-nation eurozone ...
www.huffingtonpost.com/.../eurozone-unemployment_n_131...

Eurozone unemployment rate at 10.7% - Yahoo! Finance
Widespread joblessness in Greece and Spain pushed the unemployment rate in the eurozone to the worst level since the currency was introduced in 1999.
finance.yahoo.com/.../eurozone-unemployment-rate-10-7-191...

Next Big Financial Crisis Will Be Made in China - Asia Business ...
The next big global financial crisis will emanate from China. That is not a firm prediction. But few countries have avoided crises after financial liberalization and ...
www.cnbc.com/.../Next_Big_Financial_Crisis_Will_Be_Made...

Are Enterprises Serious About the Euro Crisis?
The eurozone looks too big to fail and negative news about deep recession and skyrocketing unemployment in Greece are somewhat compensated by the ...
blogs.gartner.com/.../enterprises-taking-the-euro-crisis-seriousl...

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