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

Tuesday, May 15, 2012

How The Whole Eurozone Could Unravel In Just A Matter Of Months

KRUGMAN: Here's How The Whole Eurozone Could Unravel In Just A Matter Of Months
By Joe Weisenthal
A country leaving the Eurozone would have terrible consequences, which everyone realizes, and actually that part of the reason that investors don't think it's going to happen -- because it would be so bad. UPDATE: Krugman's post has caused ...

What Will Be Left of the Eurozone When Greece Leaves?
As Paul Krugman points out, the odds on Greece leaving the eurozone are shortening by the day. In and of itself this shouldn't be all that much of a problem for anyone. Greece is only 2% ofeurozone GDP and it will be a blessed relief for the Greeks ...

Euro Zone Piles Pressure On Greece To Stick To Bailout Pledges
Wall Street Journal
"One can leave the EU, the treaty allows for that," Austrian Finance Minister Maria Fekter told reporters on her way into a meeting of euro-zone finance ministers in Brussels. "Greece can't [simply] leave the euro zone." "We have a contract and that ...

HIGHLIGHTS-Euro zone finance ministers and officials
BRUSSELS May 14 (Reuters) - Euro zone finance ministers and officials meet in Brussels on Monday for talks expected to focus on the situation in Greece. Following are comments ahead of their talks: DUTCH FINANCE MINISTER JAN KEES DE JAGER ON GREEK ...

GLOBAL MARKETS-Fear of Greece euro-zone exit sparks sell-off
China slowdown, deeper euro-zone recession heighten worries * Euro slips to four-month low; oil falls on demand outlook * Government debt gains from safe-haven appeal By Herbert Lash NEW YORK, May 14 (Reuters) - Global stocks slid and the euro hit a ...

Euro-Zone Industrial Output Stokes Recession Fears
Wall Street Journal
"March's fall in euro zone industrial production is a timely reminder that first-quarter GDP, due out tomorrow, will likely show a contraction," said Martin van Vliet, euro zone economist for ING Bank. Mr. van Vliet adds that the sector likely knocked ...

Secondary Sources: Euro Crisis, Long-Term Unemployment, Greek Exit
Wall Street Journal (blog)
By Phil Izzo –Euro Crisis: Barry Eichengreen thinks that the euro is likely to survive. “Europe has been hit again by a massive deflationary shock. This time, the constraint on reflationary action is the euro. Governments lack a national currency to ...

Despite Germany, euro zone sinks towards recession
By Robin Emmott | BRUSSELS (Reuters) - Strong production in Germany could not make up for a slump across the rest of the euro zone in March with declining output at factories falling and signaling an oncoming recession may not be as mild as ...

EU Commission wants Greece to stay in euro zone
Commission says wants Greece in euro zone, hope it stays in * Greece must respect its commitments, Commission says (Adds more quotes, background) BRUSSELS May 14 (Reuters) - The European Commission hopes Greece will remain part of the euro zone but ...

Can Greece Even Exit the Euro Zone? Maybe Not
A year ago, it was nearly impossible to get a diplomat in Brussels to talk about the possibility of Greece leaving the euro zone. Now, it's the opening to most conversations. It's not even clear Greece can leave the common currency.

Euro zone risks spark broad-based selloff
"Fragility elsewhere in the euro area means that contagion from a Greek exit could be damaging." Greece's political landscape has been in disarray since an inconclusive election on May 6 left parliament divided between supporters and opponents of a 130 ...

Oil falls hit by Greece, euro zone turmoil
GREECE AND EURO ZONE TURMOIL A governing coalition in Greece remained elusive after the inconclusive election May 6 and new elections looked increasingly likely, prompting European Union policymakers to warn Athens it cannot remain in the euro zone if ...

Contagion, Confidence Impact Make Greek Euro Exit Fallout Unpredictable ...
Wall Street Journal
Vasos Shiarly, who was in Brussels to attend a meeting of euro-zone finance ministers, said that there were substantial risks for the currency area should Greece exit, and that contagionand confidence effects made the impact of such a development ...

Greek deadlock heightens fears of full Euro crisis
Washington Post
Political deadlock in Greece on Monday stoked a renewed sense of crisis about the fate of the European economy as new data confirmed a downturn in one of the world's major trading blocks. The immediate focus was on the inability of Greek politicians to ...

Dutch Minister: Firewall Can Prevent Major Contagion
Wall Street Journal
By Vanessa Mock and Frances Robinson Of DOW JONES NEWSWIRES BRUSSELS (Dow Jones)--Dutch Finance Minister Jan Kees De Jager said Monday the contagion caused by a country leaving the euro would be less severe now than 18 months ago.

Oil slides on euro zone, China fears
Adding to jitters about the future of the euro zone, Greece's radical leftist leader spurned an invitation from the president for a final round of coalition talks on Monday, pushing Athens to the brink of fresh polls. This added to already mounting ...

Stocks Fall as Greece's Eurozone Future Uncertain
By Andrea Tse 05/14/12 - 09:45 AM EDT NEW YORK (TheStreet) -- Wall Street was falling in early trading Monday as investors feared for Greece's future in the eurozone. Worries about the stability of the region also were being aggravated by Spain's ...

Fear of Greece euro-zone exit sparks sell-off
NEW YORK (Reuters) - Global stocks slid and the euro fell to a four-month low on Monday as a political impasse in Greece heralded a potential exit for the country from the euro zone, while a move to prop up lending in China and poor European data ...

Eurozone leaders strike tough tone on Greece
PARIS — With Greece perilously close to calling new elections in which voters remain firmly opposed to measures imposed by the EU creditors, the prospect of a Greek exit from the eurozone looms large. The sternest words from eurozonepartners since ...


Spanish Yields Rise at Auction as Greece Fuels Contagion
As Greece entered a second week of political deadlock, expectations grew that the country may leave the euro, adding to the risk of contagion for Italy and Spain. “It's turning into a perfect storm: a loss of confidence in the Rajoy government's ...

Stock Futures Plummet on Greece, Eurozone Concerns
By Andrea Tse 05/14/12 - 09:05 AM EDT NEW YORK (TheStreet) -- Stock futures were pointing to a steeply lower open Monday on growing doubts about Greece's ability to stay in the eurozone. Worries about the stability of the eurozone were also being ...


Euro-Zone Fears Drive Bund Yield to Record Low
Wall Street Journal
By EMESE BARTHA FRANKFURT—German government bond yields hit fresh all-time lows while Spanish costs rose sharply Monday as the continuing Greek political deadlock reignited fears that the country will exit the euro zone. With fresh elections appearing ...

Oil slips on euro zone, China fears
A governing coalition in Greece remained elusive after the inconclusive election May 6 and new elections looked increasingly likely, prompting European Union policymakers to warn Athens it cannot remain in the euro zone if it tore up bailout program ...

Euro zone turmoil boosts London property stampede
Euro zone turmoil pushes property buyers to London * Buyers from southern Europe to the fore * "The Greeks are coming" By Tom Bill LONDON, May 13 (Reuters) - Worsening financial and political turmoil in southern Europe caused a surge of interest in ...

Dutch Finance Min: Have Firewall In Place To Prevent Major Contagion
Wall Street Journal
BRUSSELS (Dow Jones)--Dutch Finance Minister Jan Kees De Jager said the contagioncaused by a country leaving the euro would be less severe now than 18 months ago. "We've worked hard to mitigate against such a scenario," he said, referring to the ...

Eurozone crisis live: Markets slide as Greek euro exit looms
The Guardian (blog)
There are also first-quarter GDP figures for the eurozone which could see it go into recession – analysts reckon GDP may contract for the second quarter running, down 0.2% after a 0.3% drop in the final three months of 2011. It is also the deadline for ...

The Guardian (blog)

Greek impasse prompts euro exit warnings, rattles markets
By Renee Maltezou and Valentina Za | ATHENS/MILAN (Reuters) - With efforts to patch together a Greek government looking doomed, EU policymakers warned the country it could not remain in the euro zone if it ripped up its bailout program, and financial ...

Greek Financial Crisis Roils Markets Again
Reporter: AP NEW YORK - A political stalemate in Greece rattled financial markets worldwide on Monday, sending US stocks lower. The price of oil and Treasury yields hit their lowest levels of the year as traders dumped riskier assets.

Eurozone industrial production falls back in March
BBC News
Industrial production in the eurozone fell by 0.3% in March, figures have shown, fuelling concerns that the bloc has returned to recession. The main factor behind the monthly fall was an 8.5% fall in energy production. On an annual basis, ...

BBC News

Eurozone worries still pressure stocks
By Jamie Chisholm, FT.com (Financial Times) -- Markets are having difficulty establishing a bullish platform as continuing worries over the eurozone counteract news of more monetary easing in China. The FTSE All-World equity index is down 0.4 per cent ...
Prison Planet.com » Talking About Greece Leaving The Eurozone Is ...
By admin
This started last week, but it's now becoming a hot trend: It's no longer taboo to talk about Greece leaving the Eurozone. The FT is running a story about how central bankers are now, increasingly discussing it openly. Bloomberg is also quoting ...
Prison Planet.com

The eurozone must shrink to survive | The A-List | Must-read views ...
By Mohamed El-Erian
The A-List from the Financial Times provides timely, insightful comment on the topics that matter, from globally renowned leaders, policymakers and commentators.
The A-List

U.S. Doesn't Know Number Of Financial Crisis Convictions
By The Huffington Post News Editors
It is a question that has been asked time and again since the financial crisis: How many executives have been convicted of criminal wrongdoing related to the tumultuous events of 2008-2009? The Justice Department doesn't know the answer.
The Huffington Post | Full News Feed

Talking About Greece Leaving The Eurozone Is No Longer Taboo ...
By Joe Weisenthal
The two main things keeping it in: Eurozone membership is extremely popular in Greece. AND people think that an actual departure would be horrible for Greece and the rest of Europe, possibly leading to the collapse of the Eurozone ...
Money Game

Philippine shares end lower on euro crisis, China conflict - Home ...
The Philippine stock market suffered further on Monday as concerns over Philippines' rift with China and the crisis in Europe grip investors.
philstar.com - Breaking News

Fuel Fix » Stocks slide again on eurozone worries
By FT.com - Energy
The mood is once again risk-averse as investor concerns over Greece offset Beijing's move to cut Chinese banks' reserve requirements. Read more from Financial Times · « Previous Post · FT.com - Energy. You can read more energy news ...
Fuel Fix

Five European Central Bankers Discuss Greek Eurozone Exit; Lies ...
By noreply@blogger.com (Mike Mish Shedlock)
Mish's financial blog covers global news and macroeconomic events regarding the world economy. The blog's primary focus is inflation, deflation, and hyperinflation topics, especially currencies, gold, silver, crude, oil, energy and precious ...
Mish's Global Economic Trend Analysis

XE.com - UPDATE 5-Oil slides on euro zone, China fears
Oil fell sharply on Monday, extending recent heavy losses, as mounting political uncertainty in Greece and worry about the prospects for growth in China added to a sense that the demand outlook is worsening.
XE Forex News

Eurozone March Industrial production falls 0.3%m/m, -2.2% y/y ...
By Pete Jackson
February IP revised to +0.8% m/m, -1.5% y/y (from +0.5, -1.8) Much weaker than expected with falling demand in machinery and consumer products and.

Euro zone turmoil boosts London property stampede | Reuters | The ...
By Newswires
Worsening financial and political turmoil in southern Europe caused a surge of interest in London property last month with buyers from Greece and Spain sho...
The Wall Street Examiner

Google Maps Mania: The Eurozone Crisis on Google Maps
By Keir Clarke
The Eurozone Crisis on Google Maps. In Spain the unemployment rate is a staggering 25%. Geografia Operativa has created a Google Map to show the areas that have the lowest rates of unemployment. The map acts as a guide to where ...
Google Maps Mania

EUR/USD Edges Below 1.29 as Eurozone Bankers Brace for Greek ...
By Fan Yang - FXTimes
A few things over the weekend continue to pressure the euro. 1) Eurozone central bankers are starting to discuss how to manage a Greek exit, though the likes of Jen Weidmann, Bundesbank...
Fx Empire Network

Greece's Future in Euro Zone in Doubt | The Freeman | Ideas On ...
By Foundation for Economic Education
“The dollar rose and stocks fell Monday in Europe, and Wall Street appeared to be headed for a weak opening, as politicians fumbled for a way forward in a crisis that has put Greece's continued euro membership into serious doubt.
The Freeman | Ideas On Liberty

How To Profit From A Euro-Zone Crash | ETF Database
To say the least, the world economy has had a bumpy ride since the onslaught of the unprecedented financial crisis that rocked the world in 2008. Despite ...

Op-Ed: Euro Crisis 'Uniquely Greek' : NPR
Markets around the world continue to fall, after losing ground for several days in a row, as the political stalemate drags on in Greece. London Business School ...

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