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

Wednesday, April 4, 2012

Eurozone Breakup the Answer?

Euro Zone Needs a Divorce: Roubini
CNBC.com
Like a marriage that no longer works, the euro zone should accept its fate, split up and get divorced, according to Roubini Global Economics. Writing in the Financial Times, Chairman Nouriel Roubini and Managing Director Arnab Das argue that while the ...

CNBC.com

Euro-Zone Breakup Isn't the Answer
Wall Street Journal
But the proposals seem only to confirm that the euro zone's best interests lie in the opposite direction: greater political and fiscal integration. Some of the proposals envisage a limited exit by one or a few countries—such as private investor ...

Wall Street Journal

Boy Solves Euro Crisis With Pizza
Wall Street Journal (blog)
... Wolfson of Aspley Guise and his announcement that he was teaming up with the London-based think tank, Policy Exchange, to fund a $400, 000 prize aimed at finding a practical and credible exit strategy for nations seeking to depart the euro zone.

An Essay Contest to Solve the Euro Crisis? Got Any Better Ideas?
New York Times
LONDON — How much will it cost to find a solution to the crisis in the euro zone? If a British businessman has his way, £250000, or about $325000, might do the trick. Simon Wolfson, chief executive of the British retailer Next, has offered to award ...

An 11-year-old's solution to the euro crisis
Washington Post (blog)
The Wolfson Economics Prize will be awarded to the best contingency plan for the breakup of theeuro zone. All five finalists, which were announced Tuesday, are expert economists and financial analysts. But the judges also awarded a special mention to ...

Eurozone Unemployment Hits Record High. So Why Is the Euro So Strong?
Elliott Wave
Reports say eurozone manufacturing activity had fallen to a 3-month low. The words "Eurozone recession" are being muttered. Meanwhile, the latest US employment and manufacturing reports have been strong. You'd think the euro would be crushed.

Elliott Wave

Detroit financial crisis: Bing, City Council close to deal but pitfalls loom
Detroit Free Press
Without that plan, Snyder has two choices: appoint an emergency manager or declare that the debt-riddled city isn't in a financial crisis. "It's like a basketball game," Council President Charles Pugh said of the process. "You don't know who is going ...

Treasurys Boosted By Euro Zone Concerns Before Fed Minutes
Wall Street Journal
By Min Zeng Of DOW JONES NEWSWIRES NEW YORK (Dow Jones)--Treasury bond prices carved out some gains Tuesday, boosted by concerns about the euro zone's sovereign debt crisis. A major worry for investors is whether a weakening economic outlook will make ...

Neil Record's Euro Contingency Plan Calls For Secret Task Force
Wall Street Journal
By Jessica Mead LONDON (Dow Jones)--Neil Record's contingency plan for dismantling the euro zone would involve establishing a secret German task force to plan for an end to the currency area. The blueprint from the chairman of Record Currency ...

Detroit financial crisis: City Council poised to vote this afternoon on ...
Detroit Free Press
Detroit City Council questions consent agreement: Detroit City Council questions the consent agreement with Deputy Mayor Kirk Lewis. MANDI WRIGHT/Detroit Free Press By Steve Neavling and Matt Helms Deputy Mayor Kirk Lewis looks over a copy of a ...

Dutch Boy's Greek Debt 'Pizza' Plan Gets Award
ABC News (blog)
While some of the best economic minds have worked night and day to find a solution to the Eurozone financial crisis, an 11-year-old Dutch boy has found a unique, if not exactly practical, answer to the thorny problem. Jurre Hermans entered the Wolfson ...

ABC News (blog)

IMF chief against any breakup of Eurozone
The Seattle Times
The managing director of the International Monetary Fund says her global lending organization wants the Eurozone to stay together, not be broken up by the departure of some of its weaker nations. The Associated Press No comments have been posted to ...

Euro-Zone Producer Price Inflation Slows
Wall Street Journal
By ALEX BRITTAIN LONDON—The prices charged by euro-zone factories for their goods rose in February at the slowest rate in a year and a half, suggesting inflationary pressures are easing in the 17-nation currency bloc. A pedestrian passes a sign ...

Wall Street Journal

Smarter Than a 10 Year Old? Try Solving Euro Zone Crisis
CNBC.com
Some of the greatest and best-educated brains in the euro zone have pondered the question: how would you break up the euro zone? Only one – a boy from the Netherlands who was just 10 when he wrote his solution to a Greek exit from theeuro zone – has ...

CNBC.com

IMF chief wants 'more firepower' to fight crises
Huffington Post
Lagarde's remarks came after the Eurozone countries on Friday boosted their emergency bailout funds for heavily indebted countries to $1.1 trillion (800 billion euros). That was short of the $1.3 trillion (1 trillion euros) that Lagarde and other ...

Invesco winds up financial crisis-era fund
Reuters
WASHINGTON (Reuters) - Another of the public-private investment funds set up amid the 2007-09 financial crisis to take bad assets off banks' books said on Tuesday it was winding up operations. Invesco Ltd said it has returned substantially all the ...

IMF managing director does not want to see weaker European countries split ...
Washington Post
WASHINGTON — The managing director of the International Monetary Fund says her global lending organization wants the Eurozone to stay together, not be broken up by the departure of some of its weaker nations. Christine Lagarde told the annual meeting ...

This 11-Year Old Has the Worst Solution to the Euro Crisis
The Atlantic
Of course if a country has paid back all his debts , he can return to the eurozone. Try to get past the pizza. I know: it's spectacularly adorable to imagine Greeks piling their euros into a giant "pancake or pizza." But wait.

Eurozone weighs union on bank regulation
Financial Times
By Alex Barker in Brussels Arguments that divided the European Union over its fiscal discipline treaty are beginning to be replayed over financial policy, as the eurozone explores forging ahead with its own regime for bank regulation.

Awful aftermath of eurozone break-up
Financial Times
By James Mackintosh Eurozone leaders really do not need a renewed focus on the break-up of the single currency. It should be no surprise that it is a prominent eurosceptic, Lord Wolfson, who has pushed economists to examine euro exit scenarios again ...

IMF director says global recovery very fragile
Huffington Post
Her remarks came after the Eurozone countries on Friday boosted their emergency bailout funds for heavily indebted by $1.1 trillion (800 euros). That was short of what Lagarde and other international leaders have said is needed to calm financial ...

Eurozone crisis live: Wolfson Economics Prize shortlist revealed
The Guardian
The paper argues that the real issues are not created by the exit process per se, but by the needs that motivate the exit — the need for Eurozone periphery countries to default and devalue. 12.17pm: Back to Greece where Helena Smith says the ...

The Guardian

Detroit financial crisis re-energizes Snyder recall effort
Detroit Free Press
Rick Snyder's handling of the Detroit financial crisis may result in increased support from city residents for a new recall effort, a spokesman for the group said Monday. Michigan Rising, which recently filed proposed wording for a new recall petition ...

Will 50% Unemployment Leave Europe's Young Scarred?
CNBC.com
The euro zone's unemployment figures, released on Monday, made for "grim" reading, according to some analysts. But figures for youth unemployment were much worse and experts say that without healthy economic growth, the young will continue to be hit ...

CNBC.com

Eurozone Producer Price Inflation Slows Less Than Forecast
NASDAQ
(RTTNews.com) - Eurozone factory gate inflation slowed less than expected in February due to rising oil prices. Producer price inflation moderated to 3.6 percent year-on-year in February from a revised 3.8 percent in January, Eurostat said Tuesday.

Euro-Zone Faces Stagflation, Report Shows
NASDAQ
Financial-market tensions have eased and the euro-zone economy may grow 0.1% in the third quarter, the groups said. Core euro-zone inflation, which strips out the volatile energy and food sectors, should ease to 1.4% in the second and third quarters ...

Euro Reaction Muted As Eurozone Producer Prices Fall Less Than Expected
TheStreet.com
By DailyFX 04/03/12 - 05:26 AM EDT By David Schutz, THE TAKEAWAY: Eurozone February producer prices above expectations -> Number eases from January to lowest reading in five months -> Euro reaction muted as market focus remains elsewhere .

Workers say zealous eurozone reformers are eroding their sacred rights
Christian Science Monitor
The trade unions and their supporters complain that the eurozone crisis is being used to create a different social model within Europe, a model that has lesser rights for employees, limits the influence of the unions, and grants business more power.

Christian Science Monitor

Dutch boy's doodle steals Wolfson prize limelight
Financial Times
By Ralph Atkins in Frankfurt An eleven-year-old Dutch boy has stolen the limelight in a UK-organised prize competition on breaking up the eurozone with a scribbled cartoon scheme for ejecting Greece that seemed at least as plausible as some proposals ...

Financial Times

Why the euro zone crisis will impact little on Europe's relations with ...
By Jacob Kirkegaard
Author: Jacob Kirkegaard, PIIE A persistent theme since the beginning of the euro crisis in May 2010 has been whether China — with the world's largest.
East Asia Forum

Euro Zone Needs a Divorce: Roubini @ Forex Factory
By From cnbc.com
Euro Zone Needs a Divorce: Roubini - Like a marriage that no longer works, the euro zoneshould accept its fate, split up and get divorced, according to Roubini Global Economics. Writing in the Financial Times, Chairman...
Forex Factory

Wolfson Offers Economics Prize for Resolving Euro Zone Crisis ...
By Faarooq Mehmood
Wolfson Offers Economics Prize for Resolving Euro Zone Crisis It has been found in a new report that Simon Wolfson, Chief Executive of the British Retailer Next, has recently offered a lucrative Wolfson Economics Prize, which according to ...
TopNews Arab Emirates

Detroit financial crisis: Bing, City Council close to deal but pitfalls ...
By Mildred Gaddis
As a deadline looms, a possible deal to prevent Detroit's insolvency is marred by legal wrangling that threatens to derail hopes of approving a financial stability plan by today.
WCHB-AM: NewsTalk 1200

Euro zone PPI rises more-than-expected in February By Forexpros
By Forexpros
Forexpros - Producer price inflation in the euro zone rose more-than-expected in February, official data showed on Tuesday. In a report, Eurostat said that its producer price index accelerated by a seasonally adjusted 0.6% in February, above ...
Forex Pros RSS News Feed | Forex News

XE.com - Merkel reiterates stance against common euro zone bonds
Germany is against issuing common euro zone bonds, Chancellor Angela Merkel said on Tuesday.
XE Forex News

Roubini proposes to «dismantle» the Eurozone | Baltic News ...
By BNN
The measures performed by the European Union and the European Central Bank to resolve the state debt crisis will not be able to save neither the Eurozone nor Euro itself, Analyst Nouriel Roubino.
Baltic News Network - News from...

EUR/USD April 3 – Euro-zone Unemployment Rate Hits Another ...
By kenny
Euro dollar has moved upwards above the 1.33 line, but has encountered some resistance. Will it break higher or retreat? Eurozone Unemployment nudged up to.
Forex Crunch

Study: Women caused the financial crisis (seriously) - AMERICAblog
By John Aravosis
News and opinion about US politics from a liberal/Democratic/progressive perspective.
US Politics | AMERICAblog News

IMF's Lagarde: No political intension to breakup the euro zone ...
By Jamie Coleman
Has had promising talks with members on additional resources Talk is cheap, don't forget...
ForexLive

Eurozone nations to increase bailout to $1 trillion - Los Angeles Times
The 17 nations of the Eurozone agreed Friday to increase their bailout resources in an attempt to keep a lid on the debt crisis that has hobbled the region's ...
articles.latimes.com/2012/mar/.../la-fg-europe-bailout-201203...

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