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

Tuesday, June 5, 2012

Can the Eurozone Survive? Soros Says Yes

Mort Zuckerman: Can the Eurozone Survive?
U.S. News & World Report
By Mortimer B. Zuckerman Europe stands on the edge of an abyss, its most dangerous financial crisis since the 1930s. Greece, Spain, and Italy are the closest to tumbling over, but all the others in the eurozone are roped together like Alpine climbers, ...

U.S. News & World Report

George Soros Says The Euro Will Survive
The eurozone may be in turmoil but the investing maestro says the currency will survive. As someone who exchanged some Japanese yen for the euro recently, I have been watching the latter's gyrations with more than usual interest.

G7 to hold emergency euro zone talks, Spain top concern
By Allison Martell and Andreas Rinke | TORONTO/BERLIN (Reuters) - Finance chiefs of the Group of Seven leading industrialized powers will hold emergency talks on the euro zone debt crisis on Tuesday in a sign of heightened global alarm about strains in ...

G7 to hold emergency eurozone talks, Spain top concern
Canada says G7 to hold conference call on euro zone * G7 source says concern about possible Spanish bank run * Germany says up to Spain to decide if needs aid * Brazil says G20 to press Germany to stimulate economy By Allison Martell and Andreas Rinke ...

Euro zone on the brink
Washington Post
Global capital markets, now the most powerful force on earth, are rapidly losing confidence in the financial coherence of the 17-nation euro zone. A market implosion there, like that triggered by Lehman Brothers collapse in 2008, may not be far off.

Euro zone factory prices cool, give ECB room to cut
Euro zone factory prices unchanged on month as oil falls * Lower consumer price inflation also gives ECB room to cut rates By Robin Emmott BRUSSELS, June 4 (Reuters) - Euro zone factory prices unexpectedly held steady in April, marking the fourth ...

TEXT-S&P report Assesses the likelihood of Greece exiting eurozone
June 4 - Standard & Poor's Ratings Services today published a report that examines the likelihood of Greece leaving the eurozone and the potential impact of this on the creditworthiness of other sovereigns in the region (see Sovereign Rating ...

Euro zone factory prices cool, give ECB room for rate cut
(Corrects day of ECB meeting to Wednesday, not Thursday) * Euro zone factory price pressure cools as oil falls * Lower consumer inflation also gives ECB room to cut rates BRUSSELS, June 4 (Reuters) - Euro zone factory prices were unexpectedly stable in ...

Euro-Zone Producer-Price Inflation Eases
Wall Street Journal
By ILONA BILLINGTON Euro-zone producer-price inflation eased back again in April compared with a year earlier, a further sign that inflationary pressures are subsiding and giving the European Central Bank more scope to help boost growth.

S&P Says 1 in 3 Chance Greece Will Exit Eurozone
Fox Business
By Dunstan Prial Ratings service Standard & Poor's said Monday there's a one-in-three likelihood Greece will exit the eurozone in the near future. In a statement, S&P said, “we believe there is at least a one-in-three chance of Greece exiting the ...

S&P: 1-in-3 Chance Greece Leaves Euro Zone
Wall Street Journal
By Nathalie Tadena Standard & Poor's Ratings Services said there was at least a 1-in-3 chance Greece would leave the euro zone following its national elections later this month, a move that would seriously damage the country's economy and would most ...

REFILE-UPDATE 1-Greece has 1-in-3 chance of leaving euro zone-S&P
NEW YORK, June 4 (Reuters) - Credit rating agency Standard and Poor's said on Monday that it sees "at least" a one-in-three chance of Greece exiting the euro zone in the coming months, an outcome which could lead the financially fragile country to ...

Nordvig Puts Euro Zone Breakup Odds at 50-50
Washington Post
Jun. 4, 2012 - June 4 (Bloomberg) – Jens Nordvig, a managing director of currency research at Nomura Holdings Inc., talks about the European debt crisis and the prospects of Japan's government intervening to support the yen. Nordvig speaks with Betty ...

Greek Exit from the Eurozone: Neither Inevitable nor Desirable
Wall Street Pit
By Avinash Persaud Jun 4, 2012, 10:01 AM Author's Website Should Greece leave the Eurozone? This column argues that aggressive restructuring of Greek debt within the Eurozone, rather than departure, is the best option. Glance at the headlines and you ...

Euro zone on the move … too slowly?
Reuters Blogs (blog)
By Mike Peacock With Spanish Prime Minister Mariano Rajoy calling for a new euro zone fiscal authority to manage the bloc's finances and send markets a signal that EU leaders mean business about defending the euro, it is clear that the push towards ...

Eurozone Producer Prices Softer Than Expected In April
By DailyFX 06/04/12 - 03:30 AM EDT By David Schutz, Its shares are backed up by the full faith and credit of people who don't want their lights turned off. Chances are growing for a quick and dirty spike higher in both equities and Treasury yields.

Eurozone crisis: United States of Europe may be the only way to save euro
The Guardian
It is a measure of the speed at which the politics of the euro crisis is changing. Only a fortnight ago all the attention was being lavished on France's new president, Fran├žois Hollande, being sworn in in Paris as Monsieur Growth and rushing off on his ...

The Guardian

China to make plans for Greek euro exit risk: sources
| BEIJING (Reuters) - The Chinese government has called on key agencies including the central bank to come up with plans to deal with the potential economic risks of a Greek withdrawal from the euro zone, three sources with knowledge of the matter told ...

CANADA FX DEBT-C$ firms on euro zone hopes, eye on BoC
Figures on Monday showing euro zone factory prices were unexpectedly stable in April from March, the fourth straight month of weakening inflation pressures, offered some hope that ECB could cut rates. At 8:06 am (1206 GMT), the Canadian dollar was at ...

'One in three' chance Greece quits eurozone: S&P
PARIS — International ratings agency Standard & Poor's said Monday there was a one in three chance that Greece will leave the eurozone in the months following June 17 polls. "We believe there is at least a one in three chance of Greece exiting the ...


One Crazy Summer: Soros Gives Germany Three Months to Fix Europe
Wall Street Journal (blog)
By Juliet Chung George Soros, the legendary hedge-fund investor, gave the nation three months to avert a breakup of the euro zone. In a speech Saturday at an economic conference in Italy, Mr. Soros implored Germany's government and Europe's central ...

Wall Street Journal (blog)

Eurozone factory prices cool, give ECB room to cut
Economic Times
BRUSSELS: Euro zone factory prices unexpectedly held steady in April, marking the fourth straight month of weakening inflation pressures and giving the European Central Bank some space to cut interest rates as the continent's economy slumps.

EU's Van Rompuy Says Euro Zone Needs More Integration
Fox Business
Mr. Van Rompuy said that while the euro zone is facing "trying times" now, the current crisis is "not nearly as bad" as that faced in 2008. He also said that developed Western nations aren't solely to blame for the current bout of global financial ...

Euro gains as investors cover bearish bets on euro zone hopes
MSN Money
The euro, which was ripe for a bounce given a record high in net speculative short positioning, was buoyed by news that France and the European Commission signal led their support for an ambitious plan to use the euro zone's permanent bailout fund to ...

French foreign minister confident of closing differences with Germany on ...
Washington Post
BERLIN — France's new foreign minister says he is confident Paris will bridge its differences with Berlin over how to resolve the eurozone debt crisis. President Francois Hollande has challenged the German government's austerity-centered approach and ...

Merkel open to idea of European banking union
Seattle Post Intelligencer
Her support as leader of the EU's biggest economy could be crucial for the concept, which aims to strengthen the eurozone and calm jittery markets. The proposal to create a Europe-wide authority overseeing and ultimately guaranteeing the banks' ...

Eurozone April Producer Price Inflation At 25-Month Low
RTT News
(RTTNews) - Mirroring easing inflationary pressures, Eurozone industrial producer price inflation fell to a 25-month low in April, giving room for the central bank to lower its interest rates below 1 percent. Pipeline inflation eased more than expected ...

RTT News

Euro-zone Galloping Towards Financial Armageddon, Greece Will Take Third World ...
The Market Oracle
Euro-zone Galloping Towards Financial Armageddon, Greece Will Take Third World Europe to Inflation Hell! Can you smell it ? There's PANIC in the Air! For instance, apparently Britain is preparing immigration controls for an anticipated flood of ...

Eurozone uncertainties offer investment opportunities
Economic Times
Markets across the world are concerned about the possibility and implications of a Greek exit from the euro zone. The dramatic turn of events was set in motion after the May 6 election in which Greece's main political parties suffered defeat, ...

Euro crisis hits DAX index hard - The Local
The stock market index DAX, which represents Germany's 30 biggest companies, felt the sting of Europe's economic fears on Monday, when it dropped blow 6000 points for the first time in five months.
The Local - Germany's news in English

The Greek Crisis, The Euro Crisis, President Obama, And The Rest ...
By Pete Spiliakos
That is all bad enough, but there is also the possibility of a crisis in the Eurozone this summer that would dampen the global (and American) economy. Obama is already trying to shift the blame for economic conditions onto the Europeans, but ...
Postmodern Conservative

Euro zone PPI flat in April By Forexpros
By Forexpros
Forexpros - Producer price inflation in the euro zone was flat in April, confounding expectations for a modest increase, official data showed on Monday. In a report, Eurostat said that its producer price index was flat in April, defying expectations ...
Forex Pros RSS News Feed | Forex News

The Eurozone: Reality Bites ~ J O S H U A P U N D I T
By Rob
What Rajoy and other fiscally unsound eurozone countries want is to spread the infection to whatever healthy financial institutions remain by forming a “banking union” in the eurozone involving a centralized system to 'recapitalize' troubled ...

Silver to outperform gold as euro crisis reaches a climax this autumn ...
By Peter Cooper
Moreover the contagion from the eurozone sovereign debt crisis is already very evident in the global economy. The US jobs data is appalling. China is stalling whatever nonsense the official data shows. The UK, Japan and parts of Europe are ...

Cracker Squire: Euro Zone Nears Moment of Truth on Staying ...
By Sid Cottingham
As Spain's economic crisis deepens and uncertainty swirls over Greece's future in the euro zone, the guardians of the increasingly fragile European monetary union are near a moment of truth: Can they muster the will and resources to keep ...
Cracker Squire

Lucas – More Crisis EU/ Eurozone – 4 June 2012 | Lucas 2012 Infos
By lucas2012infos
In the growing crisis in the Euro zone and EU the news follows quickly. The Spanish Bankia system bank crisis grows and the capital flight over the borders is catapulting out of orbit. The Portuguese banks getting financial support from …
Lucas 2012 Infos

Oil Slightly Higher On Eurozone Hopes
Oil Slightly Higher On Eurozone Hopes. NYFP. Oil Slightly Higher On Eurozone ... Email/Share Page · Tweet. 06/04/12 Front month crude prices were slightly higher Monday afternoon on reports Germany may consider eurozone integration.

Eurozone producer price index for April flat m/m, +2.6% y/y | ForexLive
By Gerry Davies
Weaker than Reuter's median forecasts of +0.2%, +2.7% respectively. Does it amount to a hill of beans........NO.

Eurozone Shares Close Higher | The Sharpener
By mariana
PARIS – Shares of the euro zone climbed on Monday because the expectation of further measures by the authorities to help the troubled banking system in the region, soared in security purchases of Spanish, French and Italians, who eclipsed ...
The SharpenerThe Sharpener |...

KPMG: Possible eurozone breakup leaves businesses unprepared ...
By Rob Starr, Big4.com
By Rob Starr, Content Manager, Big4.com KPMG has talked through Eurozone crisis response plans with more than fifty Fortune 500 or equivalent companies to assess what they are doing to prepare and found that more than 75% of ...

Euro zone factory prices cool, give ECB room for rate cut – Chicago ...
By Newswires
Euro zone factory prices cool, give ECB room for rate cutChicago TribuneBRUSSELS (Reuters) -Euro zone factory prices were unexpectedly stable in April fro...
The Wall Street Examiner

Euro crisis: “Europe's common currency is its formative element ...
By Pete Baker
Or, at least, a timetable. Herman Van Rompuy told a news conference in St Petersburg, Russia that, by the next summit of EU leaders at the end of June, he and three other EU officials would present “the main building blocks for this deepened ...
Slugger O'Toole

Complete Eurocrisis Summary | ZeroHedge
Confused by the latest developments, headlines, stories, counterstories, denials, counterdenials ...

Euro zone unemployment hits record high, seen rising - Yahoo! News
From Yahoo! News: BRUSSELS (Reuters) - Euro zone unemployment has hit a record high, and job losses are likely to keep climbing as the bloc's devastating ...

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