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

Thursday, March 15, 2012

Two Investment Fund Executives See Greece Leaving Euro Zone

Two Investment Fund Executives See Greece Leaving Euro Zone
Wall Street Journal
By Archibald Preuschat Of DOW JONES NEWSWIRES AMSTERDAM (Dow Jones)--Two high-ranking investment fund executives expect Greece to leave the euro zone in the months to come, they said Wednesday. "I see very little prospects for Greece, and also Portugal ... 

Eurozone Gives Final OK for Greek Bailout
Voice of America
March 14, 2012 Eurozone Gives Final OK for Greek Bailout After months of negotiations with its European neighbors, Greece has secured final approval of a new $170 billion bailout, the country's second rescue package in two years.

Eurogroup Approves Second Greek Bailout
Wall Street Journal
By MATINA STEVIS BRUSSELS—The euro-zone countries Wednesday finally signed off on Greece's second bailout program, ending a protracted and dramatic negotiating process that started last July. The 17-nation euro zone is a collection of countries with ...

Greece Gets Formal Approval for Second Bailout
New York Times
LONDON — After months of tortuous and tense negotiations, a second bailout for Greece finally became reality Wednesday when euro zone nations gave their formal approval to the plan and authorized the release of the first multibillion-euro loan ...

Europe to Germany: your eurocrisis 'answers' don't work for us
Christian Science Monitor
The euro crisis: It sounds like an arcane finance story. But as Germany sets the tone and the rules, the crisis has great meaning for Europe's future. Germany's foreign minister calls it a "defining moment for the image of the European Union.

Christian Science Monitor

Euro zone formally approves 2nd Greek bailout: statement
Reuters
BRUSSELS (Reuters) - Euro zone countries formally approved on Wednesday a second, 130 billion euro financing package for Greece that will keep Athens funded until 2014, the chairman of euro zone finance ministers Jean-Claude Juncker said in a statement ...

Eurozone leaders formally approve Greece's second, $171 billion bailout
New York Post
BRUSSELS -- Eurozone leaders finally signed-off on Greece's second bailout program Wednesday, ending a protracted and dramatic negotiating process that started last July. The hope is that the €130 billion ($171 billion) package, funded mostly by ...

Inflation weighs on euro zone, factories recover
Reuters
Euro zone inflation at 2.7 pct in February * Oil prices pose risks to recovery, economists say * Industrial production up by 0.2 pct in January * Manufacturing sector still very weak, however By Robin Emmott BRUSSELS, March 14 (Reuters) - Energy prices ...

Euro-Zone Industrial Output Picks Up
Wall Street Journal
Although muted, the pickup in industrial production will confirm expectations that if theeuro zone is to enter a recession, it will be mild, at least in its initial stages. Theeuro-zone economy contracted in the final three months of last year, ...

Wall Street Journal

Eurozone countries formally approve Greek bailout
CBS News
Jean-Claude Juncker, prime minister of Luxembourg and chairman of meetings of eurozone finance ministers, says the European Financial Stability Facility or EFSF will disburse the money in several installments. Wednesday's decision was a formality, ...

Euro countries formally approve new aid for Greece
CBS News
LUXEMBOURG — Countries in the 17-nation eurozone on Wednesday formally approved a second bailout for Greece and authorized the release of euro39.4 billion ($51.44 billion), as they had signaled last week. Jean-Claude Juncker, prime minister of ...

Inflation weighs on euro zone as factories recover
Reuters
Euro zone inflation at 2.7 pct in February * Industrial production up by 0.2 pct in January BRUSSELS, March 14 (Reuters) - Energy prices drove up the cost of living in the euro zone in February just as factories showed signs of a recovery, ...

Eurozone formally approves new Greek aid
Sky News Australia
Eurozone formally approves new Greek aid Updated: 05:02, Thursday March 15, 2012 Countries in the 17-nation eurozone have formally approved a second bailout for Greece and authorised the release of 39.4 billion euros ($A49 billion), ...

Greek Version of Super Mario May Be Here to Stay
Wall Street Journal (blog)
He took over at a time when Greece's membership in the euro-zone was in question. Decades of mismanagement by successive governments took the country's debt to unsustainable levels. Popular resistance to austerity measures sought by Greece's creditors ...

Greek cabinet formally approves bailout deal
Reuters
By Lefteris Papadimas | ATHENS (Reuters) - Greece's cabinet unanimously approved the terms of its international bailout on Wednesday, hours after euro zone countries formally approved the 130 billion euro ($169 billion) financial package that Athens ...

Today in the euro zone
Reuters Blogs (blog)
had passed tough stress tests, though it's also true that there is nothing on the euro zone horizon today to spoil the party. Italy comes to market with its latest bond auction. Investors flush with cheap European Central Bank funds are expected to ...

Cabinet Approves German Share In Euro-Zone Bailout
Wall Street Journal
By Andrea Thomas Of DOW JONES NEWSWIRES BERLIN (Dow Jones)--Germany's cabinet Wednesday approved the country's contribution to the euro zone's permanent bailout, though it left open the question of whether the fund's total volume might have to be ...

Eurozone January Industrial Output Rises Marginally
NASDAQ
(RTTNews.com) - Underpinned by energy and investment goods, Eurozone industrial output increased in January for the first time since October. Nonetheless, the expansion was weaker-than-expected as foreign demand remains muted, while domestic demand is ...

Greek bailout clears last eurozone hurdle
Financial Times
By Peter Spiegel in Brussels The new €174bn bailout of Greece cleared its last European hurdle on Wednesday after national and parliamentary approvals were completed in all eurozone countries, according to Jean-Claude Juncker, the Luxembourg prime ...

Financial Times

Eurozone OKs 39b-euro bailout for Greece
China Daily
BRUSSELS - Eurozone countries Wednesday formally approved the first tranch of 39.4 billion euros (50.9 billion US dollars) bailout funds of the second financing package for Greece, said Eurogroup chairman Jean-Claude Juncker. He also explained that the ...

Euro Steady Against Majors; Eurozone's Jan. Industrial Production Picks Up
NASDAQ
(RTTNews.com) - The euro stabilized in early deals on Wednesday following a report showed that theeurozone industrial production picked up in January. Underpinned by energy and investment goods,Eurozone industrial output increased in January for the ...

Eurogroup formally approves Greek bailout: Juncker
MarketWatch
By William L. Watts FRANKFURT (MarketWatch) -- Euro-zone countries on Wednesday formally approved Greece's second bailout, Luxembourg Prime Minister Jean-Claude Juncker, who chairs meetings of the Eurogroup of euro-zone finance ministers, ...

Eurozone approves nearly 40 billion euros in Greek bailout cash
AsiaOne
BRUSSELS - The eurozone approved Wednesday the first wave of loans for Greece under a heavily-conditioned second bailout, Luxembourg Prime Minister Jean-Claude Juncker said. "Euro area member states have today formally approved the second adjustment ...

AsiaOne

Cabinet Approves German Share In Euro-Zone Bailout, Official Says
Wall Street Journal
BERLIN (Dow Jones)--Germany's cabinet Wednesday approved the country's contribution to the euro zone's permanent bailout, a government official said, though it left open the question of whether the fund's total volume might have to be revised.

Greek cabinet formally approves bailout agreement
Chicago Tribune
Greece's cabinet unanimously approved the terms of its international bailout on Wednesday, hours after euro zone countries formally approved the $169 billion financial package that Athens needs to stay afloat. The deal to keep Greece funded until 2014 ...

Chicago Tribune

How Weapons Sales Caused the 2008 Financial Crisis | War Is A ...
By davidswanson
This trade balance results in China buying up U.S. Treasury bonds, which results in low interest rates and lots of personal debt and eventually financial crisis. Mehta's conclusion: either we sell China our weapons (which would be a short-term ...
War Is A Crime .org

Eurozone Debt Crisis: Hope for the Best, Plan for the Worst :: The ...
Eurozone Debt Crisis: Hope for the Best, Plan for the Worst :: The Market Oracle :: Financial Markets Analysis & Forecasting Free Website.
The Market Oracle

The Maastricht Roots of the Euro Crisis
By Kevin Featherstone
14/03/2012 By Kevin Featherstone Leave a Comment. The roots of current controversy around the current Euro crisis can be traced to the 1992 Maastricht negotiations that led to the common currency's creation. Kevin Featherstone argues that ...
Social Europe Journal

'Financial Crisis' May Require Federal Courts to Suspend Some ...
Federal trials may have to be suspended if severe budget cuts that Congress has currently scheduled for January actually take effect.
ABA Journal Daily News

XE.com - INSTANT VIEW-Euro zone inflation, industrial production
Energy prices drove up the cost of living in the euro.
XE Forex News

Euro zone CPI holds steady in line with expectations By Forexpros
By Forexpros
Forexpros - Consumer price inflation in the euro zone held steady in February, unchanged from a preliminary estimate, official data showed on Wednesday. In a report, Eurostat said consumer price inflation held steady at 2.7% in February, ...
Forex Pros RSS News Feed | Forex News

EMU DATA: Industrial production in the Eurozone 0.2%. | ForexLive
By Market News International
EMU DATA: Industrial production in the Eurozone recovered 0.2% on the month in January following December's sharp fall, narrowing the annual shortfall to.
ForexLive

Market Preview - 14 March 2012; Eurozone CPI and Fed word watch ...
The Fed's positive assessment of the US economy is expected to lead European markets to open higher Wednesday. The recent upbeat US economic data, coupled with signs of improved capital positions at large US banks, have further aided ...
Tradingfloor.com - the home of...

Euro Crisis - Google News

Fiscal Cliff - Google News

Economics, interest rates, house prices, inflation, Bank of England

Markets News - Global Financial Market News

Financial Crisis

Jeremy Warner - Finance and business comments

Ambrose Evans-Pritchard - Finance and business comments

Jeff Randall - Business and politics comments

New Normal News

Views under the Palm

johnyah