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

Thursday, March 29, 2012

Germany criticizes call for bigger eurozone firewall

Germany criticizes call for even bigger eurozone firewall, says no point in ...
Washington Post
BERLIN — Germany criticized a call for the eurozone to boost its financial firewall to €1 trillion ($1.3 trillion) on Wednesday, arguing that demanding ever-higher sums only unsettles markets. The Organization for Economic Cooperation and Development ...

Roubini Economics' Euro-Zone Specialist: LTRO Euphoria 'Overdone'
Wall Street Journal
By Bradley Davis Of DOW JONES NEWSWIRES NEW YORK (Dow Jones)--Greece will restructure its debt and leave the euro zone by the end of 2014; Portugal will follow the next year, predicted the head of European economics at Roubini Global Economics.

Lending Growth Slows in Euro Zone
New York Times
FRANKFURT — Bank lending to consumers and businesses continued to grow very slowly in the euro zone in February, according to figures issued Wednesday, a sign that the “wall of money” unleashed by the European Central Bank in recent months has not yet ...

Eurozone may speed up capital payments into new bailout fund to reach capacity ...
Washington Post
The European Stability Mechanism will have a capital base of €80 billion, paid in by eurozonegovernments. This €80 billion — together with €620 billion in a form of payment guarantees from the member governments — can then be used to raise up to ...

Credit growth slows in eurozone
The Seattle Times
The European Central Bank says the flow of credit available to businesses slowed down in February - a sign that the bank's massive series of cheap loans to the financial system has yet to kickstart a lagging eurozone economy.

ECB Cash Not Yet Benefiting Private Sector
Wall Street Journal
Any signs that the ECB money is reaching the private sector "so far are disappointing and tight credit conditions remain a concern for euro-zone growth prospects," said Howard Archer, economist at IHS Global Insight. Growth in lending to companies and ...

TABLE-Euro-zone M3 up, private loans steady in Feb
Reuters
FRANKFURT, March 28 (Reuters) - Money supply growth accelerated and loans to the private sector steadied in February, the European Central Bank said on Wednesday. The ECB gave the following percentage changes in growth, seasonally adjusted: FEB JAN ...

Credit growth slows in 17-nation eurozone as ECB bank loans take time to have ...
Washington Post
FRANKFURT, Germany — The European Central Bank says the flow of credit to businesses slowed in February — a sign that the bank's massive loans to the financial system have yet to spur a fragile eurozone economy. The downbeat numbers were released as ...

Euro Zone Private Sector Loan Growth Slows
NASDAQ
Growth in lending to companies and households in the euro zone slowed sharply in February in annual terms compared with the previous month while the increase in lending to governments accelerated, data from the European Central Bank showed Wednesday.

Euro zone mulls quicker injections to firewall
MarketWatch
By Matina Stevis BRUSSELS -- Euro area countries are strongly considering paying cash into the currency union's firewall faster in order to raise its ability to lend money to countries in trouble, a senior European Union official said Wednesday.

DATA SNAP: ECB: Private Sector Loan Growth Slows In February
Wall Street Journal
By Margit Feher FRANKFURT (Dow Jones)--Bank lending growth to companies and households slowed sharply in the euro zone in February in annual terms compared to the previous month, data from the European Central Bank showed Wednesday, reflecting that ...

Loans to euro zone firms dip despite ECB operation
Reuters
FRANKFURT, March 28 (Reuters) - Banks reduced lending to euro zone businesses in February, European Central Bank data showed on Wednesday, suggesting they are not loaning out to firms the billions of euros in cheap ECB funds they tapped in recent ...

Italy PM Monti downplays Spain contagion risk
Reuters
TOKYO, March 28 (Reuters) - Italian Prime Minister Mario Monti on Wednesday played down the risk that economic troubles in Spain would spread to the rest of Europe and said he believed theeuro zone debt crisis was nearly over.

Europe set to speed up building of new bailout
Seattle Post Intelligencer
Merkel said she is open to temporarily boosting the eurozone's financial firewall to 700 billion euro (US$ 930 billion). Photo: Markus Schreiber / AP German Chancellor Angela Merkel, right, and Vice-Chancellor Philipp Roesler attend the weekly cabinet ...

Summary Box: Eurozone may speed payments into new bailout fund ahead of target
Washington Post
THE PROPOSAL: But two European Union officials said Wednesday that the eurozone is debating whether to make two payments next year, with the final one coming in 2014, instead of 2015. Under that scenario, about €400 billion in loans could be doled out ...

Eurozone woes make BRICS ministers look inwards
AFP
"It would be a very powerful financial tool to improve trade opportunities and maybe a major step to support the EU to overcome its financial crisis," said Brazilian Trade Minister Fernando Pimentel. "Even if Europe manages to solve the big issues.

AFP

ECB fails to stem reduction in lending
Financial Times
By Ralph Atkins in Frankfurt European Central Bank action to shore up the eurozone financial system failed to prevent the region's banks scaling back lending to the private sector again last month, but it did spur a surge in demand for government bonds ...

Case-Shiller home price index hits new post-financial crisis low
Joplin Globe
LOS ANGELES — A key measure of home prices in large US cities fell to a new post-financial crisis low in January, the latest indication that the housing market continues to hunt for a bottom even as sales pick up. Economists expected the drop and ...

SEB: Eastern European Outlook: Increased polarisation - Russia and Poland ...
Reuters
Eastern European Outlook: Increased polarisation - Russia and Poland withstanding the euro zone crisis well Eastern (including Central) Europe also began an economic deceleration in the second half of 2011. But as SEB predicted, regional heavyweights ...

Italy eurozone: Monti's test of strength with unions
BBC News
And if he is not able to, what might that mean for Italy and the eurozone? Just how serious is all this? The current row focuses on the government's effort to tackle what is sometimes called Italy's two-tier labour market. Many older workers tend to be ...

BBC News

Despite Really Nasty Financial Crisis, Teaching Kids About Money Not A Priority
Huffington Post
"The financial crisis has put economic news on the front pages of newspapers daily, requiring individuals not just to be abreast of concepts such as deficit, national debt, and interest rate spread but also to evaluate the economic reforms that ...

Huffington Post

Eurozone crisis live: Mario Monti claims crisis 'almost over'
The Guardian
8.31am: Mario Monti's claim that the euro crisis is almost over (see 8.17am) has been swiftly challenged in the City. Elisabeth Afseth of Investec pointed out that Italian bond yields hit their highest level of the month yesterday, with the 10-year ...

The Guardian

Eurozone M3 Growth Accelerates In February
NASDAQ
(RTTNews.com) - Eurozone money supply growth accelerated unexpectedly in February, data from the European Central Bank showed Wednesday. The broad monetary aggregate M3 increased 2.8 percent year-on-year, faster than the 2.5 percent rise seen in ...

Germany Wants To Ensure That Euro Zone Firewall Is Credible -- German Spokesman
Wall Street Journal
BERLIN (Dow Jones)--Germany on Wednesday warned that calls for a higher firewall could destroy the credibility of the euro zone's response to its debt crisis, responding to OECD demands this week for EUR1 trillion to prevent the debt crisis from ...

ECB loans not yet boosting lending to private sector
AFP
By Simon Morgan (AFP) – 14 minutes ago FRANKFURT — Eurozone banks appear reluctant to lend out to the private sector the vast amounts of cheap cash they recently borrowed from the European Central Bank, data showed on Wednesday.

AFP

Eurozone money supply growth accelerates in February: European Central Bank
Economic Times
FRANKFURT: Growth in eurozone money supply, a key indicator of demand in the economy, picked up again in February, the European Central Bank said on Wednesday. The M3 indicator rose 2.8 percent last month, following a gain of 2.5 percent in January.

EU Nears One-Year Rescue Boost to EU940 Billion, Draft Says
San Francisco Chronicle
For more on the euro crisis, click on EXT4.) March 28 (Bloomberg) -- European governments are preparing for a one-year increase in the ceiling on rescue aid to 940 billion euros ($1.3 trillion) to keep the debt crisis at bay, according to a draft ...

Fitch: Global Econ Recovery Modest; Euro-Zone Recession Likely In 1H
Wall Street Journal
Pointing to a 0.3% decline in the euro zone's fourth-quarter gross domestic product and other weak economic data, Fitch said it believes a recession in the first half of 2012 is likely for the region. Euro-zone businesses suffered their first fall in ...

Sarkozy, Schäuble and eurozone musical chairs | Brussels blog ...
By Peter Spiegel
Brussels blog from the Financial Times covering the EU's foreign and economic policies and news on the European Commission and European parliament.
Brussels blog

Eurozone Feb M3 annual growth 2.8% | ForexLive
By Joe Brown
Better than the Reuters poll of 2.4% M3 moving average Dec-Feb 2.3% from 2% Nov-Jan Feb annual Private loan growth 0.7% ( vs Reuters poll of 1.2%)
ForexLive

Dollar mixed as euro zone meeting in focus By Forexpros
By Forexpros
Forexpros - The U.S. dollar was mixed against its global counterparts on Wednesday, as dovish comments by Federal Reserve Chairman Ben Bernanke weighed, while the euro remained supported ahead of a meeting of euro zone finance ...
Forex Pros RSS News Feed | Forex News

Snyder to address Detroit financial crisis at WCCC town hall meeting
By lukabottle
Rick Snyder will address Detroit's ongoing financial crisis and take questions from the public regarding a proposed consent agreement at a town hall meeting on Wednesday, his spokeswoman told MLive today. Snyder will speak at 11 a.m. at ...
DetroitYES Forums

April 23: “The Bubble – Understanding the Financial Crisis” | Beacon ...
By editor
“The Bubble: Understanding the Financial Crisis”. Monday, April 23rd 6:00 pm – Reception 6:30 pm – Speaking Engagement. Club LeConte 800 South Gay Street, Plaza Tower, 27th Floor Knoxville, Tennessee 37929. Beer, wine, and light ...
Beacon Center of Tennessee

Sober Look: Eurozone periphery governments "encouraging" banks ...
By Walter Kurtz
The Eurozone periphery governments are effectively telling their banks: don't worry about your customers for now. We ARE your main customer. Get your 1% 3-year ECB loans and buy our government debt - keep the rates low. The banks of ...
Sober Look

XE.com - UPDATE 1-Italy PM Monti downplays Spain contagion risk
Italian Prime Minister Mario Monti on Wednesday played down the risk that economic troubles in Spain would spread to the rest of Europe and said he believed the euro zone debt crisis was nearly over.
XE Forex News

Real Estate Weekly » Blog Archive » New York's Euro Zone
By admin
New York's Euro Zone. 11:59 am, March 28, 2012. Tweet. By Liana Grey. For the last few months, Sam DeFranceschi, a sales associate at Nest Seekers International, has been marketing a one-bedroom loft near the South Street Seaport, ...
Real Estate Weekly

Eurozone Crisis: Hope for the Best, Plan for the Worst | What Am I ...
By WhatAmIMissingHere
The pundits predicted a collapse of the euro.The resilience of the euro has been due to a number of factors, not least of which is that the eurozone as a whole has a broadly balanced current account. The euro has also been on the other side ...
What Am I Missing Here?

Eurozone: real money still recessionary | Mindful Money
By Simon Ward
Eurozone money supply figures for February confirm a positive impact from the ECB's liquidity injections but real money trends have yet to signal a recovery in economic activity. An optimistic interpretation would highlight a turnaround in broad ...
Mindful Money

OECD pushes for $1.3 trillion eurozone crisis fund - Yahoo! News
From Yahoo! News: The 17 countries that use the euro need to build a €1 trillion ( $1.3 trillion) firewall to help the struggling currency union return to growth, the ...
news.yahoo.com/oecd-pushes-1-3-trillion-eurozone-crisis-fun...

Trichet warns of nations' 'behavioral contagion' - MarketWatch
Jean-Claude Trichet, the former president of the European Central Bank, is worried that controversial quantitative easing and other nontraditional steps that ...
www.marketwatch.com/.../trichet-warns-of-nations-behavioral...

Financial "Crisis" in Greece - YouTube
thank you for the "bailout" Germany. hehe. facebook:http://www.facebook.com/ pages/Mr-Panos ...
www.youtube.com/watch?v=Zvl9N9GdraQ

OECD pushes for $1.3 trillion eurozone crisis fund Alex Jones ...
17 Responses to “OECD pushes for $1.3 trillion eurozone crisis fund”. Game Over Lord says: March 28, 2012 at 2:11 am. ameriKa is fuked. Please continue to ...
www.infowars.com/oecd-pushes-for-1-3-trillion-eurozone-cris...

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