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

Wednesday, April 25, 2012

Eurozone: Greek Central Banker Warns Of Break

Greek central banker warns of break with euro zone
Washington Post
The warning from Bank of Greece governor George A. Provopolous comes as a backlash against the euro region's austerity drive appeared to gather steam,and derail the broad plans laid by European leaders to tame the financial crisis.

Euro Zone Bonds Recover On Solid Dutch Auction
Wall Street Journal
By Nick Cawley Of DOW JONES NEWSWIRES LONDON (Dow Jones)--Euro-zone government bonds firmed in trading Tuesday as investors took solid Dutch and Italian auction results as a cue to buy peripheral euro-zone debt, easing fears that the region's crisis is ...

Stocks up but Eurozone Crisis Stalks Bond Auctions
ABC News
But rising borrowing costs at bond auctions for Spain and Italy showed that debt fears still stalk theeurozone. The Stoxx 50 index of European blue chips closed up 0.8 percent at 2396.85 while Germany's DAX added 1 percent to 6590.41, France's CAC-40 ...

EURO GOVT-Dutch auction calms markets; euro zone strugglers rally
Reuters
... Yields on Dutch bonds eased on Tuesday as the Netherlands sold new debt without a hitch despite the collapse of its government, taking the shine of safe-haven German debt, while heavily indebted euro zone governments also saw their yields fall.

Euro zone's backlash whiplash: James Saft
Reuters
By James Saft (Reuters) - It's not simply an austerity backlash in the euro zone; it is a policy backlash, as everyone appears to blame everyone else for a host of overlapping and conflicting policies which clearly aren't working.

Look Outside, Not Inside, the Euro Zone
Wall Street Journal (blog)
A combination of slower global growth, along with the euro zone's debt problems, are taking their toll across the world. Let's start with the US The dollar may have briefly looked like a good alternative to the euro earlier this year when the US ...

Euro zone goes Dutch
Reuters Blogs (blog)
By Mike Peacock So the euro zone debt crisis morphs again and there is a hint of schadenfreude about the Dutch, who lectured and hectored the Greeks, now falling into the same mire. The Dutch premier, Mark Rutte, will probably try to cobble together an ...

Backlash against eurozone austerity
CNN
(Financial Times) -- A political backlash against fiscal austerity left mainstream French and Dutch politicians struggling on Monday to shore up support as a key economic indicator highlighted theeurozone's slide into deeper recession.

Eurozone Crisis: Back on the Front Burner
Business Insider
Both these items are directly related to the eurozone crisis, and a growing disgust on the part of the populace in respect to current policies. See our trading book in real-time. Trade setups, execution reports and real time market commentary.

VEGOILS-Palm oil weighed by euro zone woes; exports eyed
Reuters
Political uncertainty and disappointing data in Europe raised fears that the euro zone could struggle to push through austerity measures, dampening investor sentiment and cutting palm oil gains this year to 9 percent from a year-high 14 percent.

Detroit financial crisis: Bing's budget slashes $250M spending, more than 2500 ...
Detroit Free Press
Detroit City Council President Charles Pugh displays his copy of Mayor Dave Bing's budget proposal after it was presented to the council Monday. It is the first budget being crafted with state oversight of the city's finances.

TSX Flat Amid Euro Zone Worries - Canadian Commentary
NASDAQ
However, political uncertainty in the euro zone, which cast doubt about the region's ability to forge tough austerity measures, weighed on trader sentiment. The S&P/TSX Composite Index edged down 0.74 points or 0.01 percent to 11988.21, after losing ...

European shares rebound, euro zone worries remain
Reuters
The FTSEurofirst 300 was up 0.6 percent at 1027.90 by 0901 GMT, after dropping 2.3 percent to a three-month low on Monday when political uncertainty and disappointing economic data revived concerns over the euro zone. "I think you're going to see ...

Soros Compares Euro-Zone Crisis With Soviet Collapse
Wall Street Journal (blog)
By Martin Eder US billionaire investor George Soros compared the euro-zone crisis with factors that led to the Soviet Union's collapse in the early 1990s. “Europe is similar to the Soviet Union in the way that the euro crisis has the potential of ...

PBS Frontline Investigation Into Financial Crisis Suggests Another Disaster On ...
Huffington Post
Frontline's new documentary about the financial crisis probably doesn't say much you didn't already know, at least if you've followed the story. But it's a story worth telling again anyway, because memories on Wall Street and in Washington are ...

Sinking Dutchman haunts the eurozone
Financial Times
The political crisis in The Hague shows another core country going soft on the eurozone's chosen strategy of universal austerity, with the hardcore fiscal disciplinarians looking increasingly under siege. The domestic political debate will no doubt ...

Eurozone cuts its deficits but overall debt still rises
Florida Today
Dutch prime minister Mark Rutte, leaves royal palace Huis ten Bosch after meeting with Dutch Queen Beatrix in The Hague, Netherlands, Monday April 23, 2012. Rutte was reported to have handed in his resignation to the Queen after seven weeks of talks to ...

Haarde Escapes Punishment In Iceland Financial Crisis Trial
RTT News
(RTTNews) - A special court in Iceland on Monday found former Prime Minister Geir Haarde guilty of one of the four charges pressed against him in connection with his government's handling of the 2008financial crisis, but acquitted him of the remaining ...

Eurozone darkens global forecast
Minneapolis Star Tribune
But the euro crisis is again casting an unseasonal chill. Things look brighter than they did even a few months ago. America's fragile recovery continues. After a disastrous 2011, Japan is on track for 2 percent growth in 2012, thanks in part to a boost ...

Eurozone crisis live: Dutch politicians clash over austerity budget - as it ...
The Guardian (blog)
6.29pm: An interesting late story, George Soros – the investor turned philanthopist who Broke The Bank of England - has compared the eurozone crisis to the collapse of the Soviet Union around 20 years ago. The Wall Street Journal has the story, ...

The Guardian (blog)

Austerity backlash euro zone threat
Independent Online
By Reuters A European backlash against austerity could force Germany to adjust its savings-first approach to the debt crisis, although political tumult and economic decline will still test the ability of euro zone leaders to hold their currency bloc ...

Independent Online

Eurozone jitters spur stock drop
Ottawa Citizen
By Tim Shufelt, Postmedia News April 24, 2012 What proved to be a pause in the debt saga has ended as the symptoms of insolvency creep into the eurozone's strongest economies. A revisiting of austerity commitments, even among core countries, ...

The Eurozone Is In A Mess
Seeking Alpha
The PMI manufacturing index for April came out worse than expected both in the eurozone and in Germany. In the eurozone the index it fell from 47.7 to 46 vs market expectations at 48.1 and in Germany from 48.4 to 46.3 vs expectations at 49.

Brent slightly weaker, euro zone weighs
Reuters
By Ikuko Kurahone | LONDON (Reuters) - Brent crude was a little weaker, below $119, on Tuesday as lingering concerns over the euro zone economy overshadowed the latest production problems at the UK's largest oilfield. Brent crude futures dipped 25 ...

Seoul shares seen down on euro zone turmoil
Reuters
SEOUL, April 24 (Reuters) - Seoul shares are seen falling on Tuesday, tracking a broad decline in global equities on renewed concerns about the euro zone following disappointing data and political turmoil in the debt-wracked single currency bloc.

5 Breakout Trades From the Eurozone
TheStreet.com
By Jonas Elmerraji 04/24/12 - 10:31 AM EDT The eurozone drama has perked back up in the past couple of weeks, driven in large part by the spike in risk premiums that bond investors are demanding from Spanish and Italian debt.

Far-right inflames eurozone crisis
The Australian
THE eurozone crisis entered a new phase yesterday after the government of one of the continent's stronger economies, The Netherlands, collapsed amid a rise in the assertiveness of far-right political parties. One day after France's hard-right National ...

Germany challenged on eurozone crisis
Pittsburgh Post Gazette
But it does mean that the very nature of the debate about the eurozone crisis is changing." A German-inspired austerity regime agreed to just last month as the long-term solution to Europe's sovereign debt crisis has come under increasing strain from ...

PRECIOUS-Gold steady; rising euro zone worries weigh
Reuters
SINGAPORE, April 24 (Reuters) - Gold traded steady on Tuesday, as traders were cautious amid a political turmoil in the Netherlands and sluggish data that heightened worries about the euro zonedebt crisis and sank bullion to a 2-1/2-week low in the ...

Cicero's Songs: Euro crisis moves into a new phase
By Cicero
Euro crisis moves into a new phase. The likely change of President in Paris is now coupled with severe tension in the government in the Netherlands. As in 2005, these two founder members are questioning the long standing consensus in the ...
Cicero's Songs

Euro crisis is not over. Just how surprised should you be?
By Zarathustra
The Euro crisis has not ended because the fatal structural problems of the monetary union have not, and probably will not, be resolved.
Also sprach Analyst

China is the next financial crisis waiting to happen, this is no time for ...
By Peter Cooper
The standout survivor of the 2008-9 global financial crisis was China whose massive liquidity injection equal to half of GDP kept the economy booming against all odds. Yet there is a historic precedent for such death-defying economic feats to ...
ArabianMoney

Fuel Fix » Futures Movers: Oil futures gain as euro-zone worries ...
By MarketWatch
Futures Movers: Oil futures gain as euro-zone worries recede.
Fuel Fix

U.S. stocks plunge on euro zone growth fears; Dow down 0.78% By ...
By Forexpros
Forexpros - U.S. shares followed euro zone markets sharply lower as political uncertainty in the Netherlands and France combined with global growth worries to kick start the risk off trade. At the close of U.S. trade, the Dow Jones Industrial ...
Forex Pros RSS News Feed | Forex News

Eurozone cuts deficits but overall debt rises - Home » Other Sections ...
The 17 countries that use the euro still face an uphill struggle to control their debts in spite of managing to slash government deficits to 4.1 percent of economic output in 2011, official data show.
philstar.com - Breaking News

Billions Wiped off Europe's Biggest Companies as Political ...
By Stefan B
Billions Wiped off Europe's Biggest Companies as Political Rebellion Rocks Eurozone. More than £122.3bn was wiped off the value of Europe's biggest companies on Monday amid fears that theeurozone's commitment to austerity was being ...
Financial Survival Network

Bond auctions calm euro zone fears after Dutch government ...
By Alex Ballingall
Better-than-expected government bond auctions in Europe are providing some comfort to those worried about a resurgent euro zone debt crisis after the Dutch government collapsed in the face of austerity talks this week. Successful auctions ...
Macleans.ca

Eurozone success helps FTSE recover « Shropshire Star
By PA
Successful European bond auctions and strong corporate earnings in the US have helped London's leading shares index recover some of Monday's heavy losses.
Shropshire Star » Shropshire Star

Collapsing Euro Zone Threatens Global Economy | Vision to America
By V2A
While markets are again correctly obsessing over Italy and Spain's poor economic growth prospects, as reflected in markedly higher government bond yields for those two countries, they seem to have taken their eye off two upcoming political ...
Vision to America

Eurozone: Market jitters over debt crisis spark stock stampede ...
After a quarter of relative calm, market resilience to the eurozone crisis is wilting. What proved to be a pause in the debt saga has ended as the symptoms of insolvency creep into the eurozone'sstrongest economies. Cue global risk aversion.
FP Top Stories List

Soros Compares Euro-Zone Crisis With Soviet ... - Usagold.com
By News
24-Apr (The Wall Street Journal) — U.S. billionaire investor George Soros compared the euro-zonecrisis with factors that led to the Soviet Union's collapse in the early 1990s. “Europe is similar to the Soviet Union in the way that the euro crisis ...
USAGOLD News and Views

The world economy: The euro-zone threat | The Economist
AS WE write this week, the IMF's latest World Economic Outlook suggests that the world economy has had a bumpy ride of late but looks stronger than it did ...
www.economist.com/blogs/freeexchange/.../world-economy?...

Eurozone cuts deficits but overall debt rises - Yahoo! News
From Yahoo! News: The 17 countries that use the euro still face an uphill struggle to control their debts in spite of managing to slash government deficits to 4.1 ...
news.yahoo.com/eurozone-cuts-deficits-overall-debt-rises-090...

Euro zone jitters fail to spark gold`s safe haven status - GOLD ...
Euro zone jitters fail to spark gold's safe haven status. The yellow metal eased towards $1630/oz on Monday, extending the 2% losses it has posted so far this ...
www.mineweb.com/mineweb/view/mineweb/en/page33?...

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