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Tuesday, June 26, 2012

Cyprus seeks bailout; global markets tumble

Debt crisis: as it happened June 25, 2012 - Telegraph: "Cyprus applies to Europe for a bail-out to protect its financial sector from exposure to Greece, as global markets tumble ahead of this week's EU summit." 

Cyprus requests eurozone bailout
Cyprus announced plans Monday to officially request emergency loans from the eurozonebailout funds.

Cyprus becomes next eurozone state to seek bailout
Cyprus brings to 5 the number of eurozone nations requesting financial aid from its partners in the European currency union.


Cyprus becomes 5th eurozone state to seek bailout
Fox News
Cyprus on Monday became the fifth eurozone country to request financial aid from its partners in the troubled European currency union as it struggles to shore ...

Cyprus Seeks Bailout From Euro Zone Partners
New York Times
The government said it was struggling to contain risks due to its exposure in the Greek economy. Stocks and the euro fell across Europe as pessimism reigned ...

EU could rewrite eurozone budgets
Financial Times
The European Union would gain far-reaching powers to rewrite national budgets for eurozone countries that breach debt and deficit rules under proposals likely ...

Financial Times

Cyprus Becomes 5th EU Member to Seek Rescue
New York Times
Cyprus is unique in the euro zone, divided as it is between a larger Greek portion and a smaller Turkish part that is recognized internationally only by Ankara.

Cyprus asks for bailout from fellow eurozone countries as it ...
Washington Post
NICOSIA, Cyprus — Eurozone member Cyprus has formally requested a bailout package from its partners in the European currency union to help it shore up its ...

Cyprus joins bailout queue as EU summit doubts grow
Cyprus needs money for troubled bank* New Greek finance minister resigns* Merkel says shared debt wrong* Spain formally requests bank aid, number to ...

Cyprus asks for EU bailout, weighs loans from Russia, China
Los Angeles Times
Cyprus asked European Union states for a bailout of its troubled banks, becoming the fifth member of the Eurozone to seek help balancing its books.

Stocks Selloff: Too Much Euro Crisis Today
Wall Street Journal (blog)
The heavy flow of headlines out of Europe today, as well as fears this week's EU summit will be a bust, are combining to drive stocks down sharply.

Spain formally asks fellow eurozone countries for rescue loans for its ...
Washington Post
MADRID — Spain has made a formal request for a loan to help clean up its troubled banking sector, Economy Minister Luis de Guindos said Monday.

Cyprus to ask for bailout from eurozone partners
BBC News
Cyprus confirms that it will ask eurozone partners for a bailout to try to help shore up its banks, which are heavily exposed to Greece.

BBC News

The Euro Crisis Not a Racial-FableDavid Frum
Daily Beast
There's a seemingly insuperable urge among some to tell the story of the Euro crisis in racial terms. From today's Telegraph: Yet even continued gifts under ...

Daily Beast

Copper steady, euro zone debt troubles weigh
LONDON (Reuters) - Copper steadied on Monday, with the euro under pressure on renewed worries about Spain's debt troubles and contagion to other euro ...

TEXT-Fitch cuts Cyprus to 'BB+',outlook negative
Fitch has simultaneously affirmed the eurozone Country Ceiling for Cyprus at 'AAA'. ... Even assuming that Greece remains in the eurozone, Cypriot banks will ...

Cyprus applies for EU bailout
Globe and Mail
Cyprus became on Monday the fifth euro zone country to seek financial assistance from the EU's rescue funds, announcing it was applying for a bailout for its ...

Globe and Mail

Pressure for Action at Brussels Meeting
New York Times
As central bankers and foreign leaders push for a more unified Euro zone banking system, little has changed in the positions of the four European Union leaders ...

New York Times

Cyprus Formally Requests Eurozone For Bailout
RTT News
Cyprus has formally requested financial assistance from the euro area's bailout funds to shore up its banks struggling from exposure to debt-ridden Greece, the ...

Euro Crisis, Deficit Spending, And The Coming NWO
By EconMatters Citing "Central banks are being cornered into prolonging monetary stimulus as governments drag their feet and adjustment is delayed", the BIS ...


METALS-Copper steady, euro zone debt troubles weigh
Euro drops to lowest in near 2 weeks vs dollar * Some pick-up in Chinese copper restocking * Aluminium falls to two year low By Silvia Antonioli and Harpreet ...

Eurozone crisis live: Cyprus applies for EU bailout
The Guardian
Another important week looms for the eurozone with the EU summit on Thursday and Friday.

The Guardian

Cyprus requests European bailout
Cyprus is the fifth euro-zone country to request aid from its regional partners. The move had been anticipated for weeks as the country struggled to shore up a ...

TREASURIES-Euro zone doubts, stock losses support US debt
By Chris Reese NEW YORK, June 25 (Reuters) - U.S. Treasuries prices rose on Monday on safe-haven appeal as stocks fell and doubt spread thata European ...

Cyprus requests eurozone bailout loan
NICOSIA — Cyprus announced late on Monday that it had requested assistance from its eurozone partners, becoming the fifth out the 17 countries that share the ...


Cyprus seeks eurozone bailout
The Guardian
Cyprus becomes fifth eurozone country to ask for outside financial help after it is caught in backwash of Greek crisis.

The Guardian

Spain, Cyprus Seek Bailouts for Their Ailing Banks
Voice of America (blog)
Spain and Cyprus — one of the euro currency bloc's biggest economies and one of its smallest — both sought eurozone bailouts Monday for their financially ...

Cyprus May Require a Broader Bailout - Euro Zone Official
Wall Street Journal
BRUSSELS--It hasn't yet been determined whether Cyprus will only need financial assistance for its banks, a euro-zone official said Monday, adding that the ...

Cyprus seeking euro-zone bailout
CHICAGO (MarketWatch) -- Cyprus formally requested help from its euro-zone partners to bail out its failing banks, the Associated Press reports. The assistance ...

Eurozone Crisis: what is the solution?, Arnold Kling | EconLog ...
By Arnold Kling
Friends sometimes ask me this question. My answer is rather harsh. The problem is that some governments and some banks are insolvent. When a financial institution is insolvent, its liabilities must be taken over by a solvent institution.
EconLog: Library of Economics...

Forex - AUD/USD lower as euro zone worries persist By Forexpros
By Forexpros
Forexpros - The Australian dollar was lower against its U.S. counterpart on Monday, as sustained concerns over the euro zone's debt crisis weighed on market sentiment while the absence of further quantitative easing in the U.S. lent support ...
Forex Pros RSS News Feed | Forex News

Open Europe blog: The eurozone crisis in 140 characters
By Open Europe blog team
The eurozone crisis - with its numerous rolling summits, announcements, proposals, simultaneous economic and political developments in multiple member states and fast-paced market reactions - has brought Twitter to the forefront of EU ...
Open Europe blog

RealClearMarkets - Amid the Financial Crisis, Lawmakers Moved ...
By Washington Post
June 25, 2012. Amid the Financial Crisis, Lawmakers Moved Holdings. Washington Post, Washington Post. Send to a Friend · Read Full Article ››. TAGGED: insider trading, financial crisis...

Activist Post: Globalists Blame Financial Crisis of 2008 to Usher in ...
By Activist
The UN published a report following the financial crisis in 2008 entitled, The Commission of Experts of the President of the UN General Assembly on Reforms of the International Monetary and Financial System wherein they created a ...
Activist Post

Bernanke Ponders The Financial Crisis Stock Market Plunge :: The ...
“History is full of examples in which the policy responses to financial crises have been slow and inadequate, often resulting ultimately in greater economic damage and increased fiscal costs. In this episode, by contrast, policymakers in the ...
The Market Oracle

George Soros Solution To Eurozone Crisis - Business Insider
By Joe Weisenthal
The buzz all week is going to be about the upcoming European Summit, and today specifically everyone is talking about George Soros's big plan to save Europe. The plan introduces a new alphabet soup of acronyms like EFA (European ...
Business Insider

TSX down on eurozone jitters, Coeur d'Alene in focus ...
Toronto's main market was lower in late morning trading Monday as investors worried a European Union summit later this week would do little to resolve the debt crisis.
Proactiveinvestors USA & Canada website

Impolitical: Mulcair on the euro crisis
By Nancy Leblanc
Mulcair on the euro crisis. This is audio from an interview Mulcair did with Michael Enright on CBC radio this weekend where the eurozone financial crisis came up: That is a brief excerpt but I think it might indicate that the Conservative p.r. ...

Eurozone crisis live: Spain formally requests banking aid – The ...
By Newswires
The Guardian Eurozone crisis live: Spain formally requests banking aidThe Guardian4.13pm: The German finance ministry predicts the country's economy wo...
The Wall Street Examiner

Developing world needs euro crisis defense: Zoellick - Yahoo! News
From Yahoo! News: LONDON (Reuters) - Developing nations must be ready for a severe globalfinancial crisis should the euro zone fail to cope with its current ...

Much has been made in recent weeks about the Eurozone troubles and the spillover into China. It's nice to put things into context in order to understand the.

Mausner: Euro Crisis Presents Buying Opportunities - CNBC
Emotional sell-offs related to the fears of any country's exit or other euro zone related issues are tremendous buying opportunities for high quality multinational ...

Euro Crisis - Google News

Fiscal Cliff - Google News

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