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

Friday, June 29, 2012

Euro zone mulls covered bonds for Italy and Spain

Euro zone mulls covered bonds for Italy, Spain
Reuters
BRUSSELS (Reuters) - Euro zone experts discussed a Finnish proposal for Spain and Italy to issue covered bonds to make their debt more attractive and to allow the euro zone's permanent bailout fund to.

Euro-zone Governments Mull Ways to Help Ease Borrowing Costs for Spain, Italy
Wall Street Journal
BRUSSELS--Euro-zone officials were mulling a variety of options Thursday aimed at helping Spain and Italy deal with sky-high borrowing costs, including the prospect of direct bond purchases by the region's rescue funds, as heads of government met in ...

WSJ UPDATE: Euro Zone Reviews Debt Costs for Spain, Italy
Wall Street Journal
While the Brussels summit was tasked with agreeing on a growth package for the region and discussing longer-term plans for tying the 17 economies of the euro zone closer together, the increased difficulties getting funding from financial markets faced ...

Germany's economy, eurozone's largest, at a glance
San Jose Mercury News
Germany s economy has weathered Europe s debt crisis far better than the 16 other countries that use the euro currency.

Cyprus banks must ringfence Greek risk: central bank head
Reuters
The euro zone minnow became the fifth casualty this week of the debt crisis that began in Greece and has spread across the euro zone, applying for emergency funds to help support local banks crippled by their losses on Greek bonds. In his first public ...

World stocks outlook tempered by euro zone
Reuters
LONDON (Reuters) - Persistent fears about the euro zone's future and an increasingly subdued global economy will restrain further advances for the world's major stock markets, according to Reuters polls.

Euro zone crisis saps confidence in June as leaders meet
Reuters
BRUSSELS (Reuters) - Euro zone economic sentiment fell by more than expected in June, as managers of businesses and in factories across the currency area saw little reason for cheer as the region's economy.

A slowdown in Germany, eurozone's biggest economy, could complicate ...
Washington Post
FRANKFURT, Germany — For Germany — the biggest of the 17 countries that use the euro — the crisis gripping Europe can feel like someone else's problem. Its economy is growing. Unemployment is low. And its government can borrow at lower interest ...

TEXT-Fitch: Eurozone debt crisis clouds 2012 outlook for emerging Europe
Reuters
The following statement was released by the rating agency)June 28 - Fitch Ratings says in its newly-published global Sovereign Review and Outlookthat the eurozone sovereign debt crisis is affecting.

Euro zone crisis saps business confidence again in June
Reuters
Mood worsens across the euro zone's economy* Economic, business sentiment fall to 2009 lowsBRUSSELS, June 28 (Reuters) - Euro zone economic sentimentfell by more than expected in June, as managers.

Euro-Zone Mulls Ways to Help Spain, Italy
NASDAQ
NASDAQ News: Euro-Zone Mulls Ways to Help Spain, Italy.

The Global Note: Eurozone “Plane Crash”…Trader Outrage…Hillary's 100th ...
ABC News (blog)
Nothing we could write here can top this from The Independent's John Lichfield – as Eurozoneleaders make what's billed as a last-ditch effort to ease the crisis and save the Euro itself: “If this 'last chance' fails, it really will be time to brace ...

Oil Futures Drop Again on Renewed Fears About Euro Zone
Wall Street Journal
NEW YORK--U.S. oil futures tumbled sharply Thursday on renewed fears that this week's euro-zonesummit would again fall short of resolving the crisis. Nymex oil futures settled at $77.69 a barrel, down $2.52, or 3.1%. The fall came as European leaders ...

Euro-Zone Confidence Weakens
Wall Street Journal
Businesses and consumers in the 17 countries that use the euro became more pessimistic about their prospects in June as the currency area's fiscal and banking crisis deepened, with sentiment weakening significantly in France, Germany and the ...

3 Leadership Lessons From The Euro Crisis
Forbes
German Chancellor Angela Merkel arrives prior to an European Council at the Justus Lipsius building, EU headquarters in Brussels (Image credit: AFP/Getty Images via @daylife) It might be no surprise that today's EU summit is exposing even more ...

Oil prices fall ahead of eurozone meeting
Christian Science Monitor
Oil prices dropped to near $80 a barrel Thursday as markets awaited a meeting between Europe's leaders menat to find solution's to the region's debt crisis. Benchmark oil prices were down 17 cents to $80.04 per barrel.

Christian Science Monitor

Germany vs. Italy: At eurozone meeting, the battle is over urgent action
Christian Science Monitor
As Europe's leaders meet in Brussels today, Germany is pushing hard for long-term reform. But Italy PM Monti says Europe faces disaster if high borrowing costs aren't addressed quickly.

Christian Science Monitor

Brent oil falls on euro zone worry
CNBC.com
LONDON (Reuters) - Brent crude oil slipped on Thursday, as investors waited for the outcome of aeuro zone summit that many expected would do little to address a festering debt crisis in the continent.

Dow Pulls Back on Eurozone Debt Concerns
TheStreet.com
The Dow's decline deepens in late morning trading Thursday.

Brent falls towards $93 on euro zone
CNBC.com
LONDON (Reuters) - Brent crude oil slipped to around $93 per barrel on Thursday as worries a deepening euro zone crisis would curb economic growth and energy demand outweighed a cut in Norwegian oil output.

EU to Mobilize €120 Billion for Growth Measures
Fox Business
European Union leaders meeting Thursday were set to commit to a growth pact worth 120 billion euros ($149.8 billion), including a boost in the capital of the European Investment Bank of EUR10 billion, as well as finalizing a plan to strengthen the euro ...

EU leaders seen discussing primary market support for Italy, Spain
Reuters
BRUSSELS (Reuters) - European Union leaders are likely to discuss the possibility of the euro zone's bailout funds buying Spanish and Italian bonds as they are issued, to help ease funding costs for Rome.

Gold Settles Lower On Eurozone Concerns, Strong Dollar
RTT News
Gold futures ended lower Thursday, mostly on investor skepticism on the outcome of the ongoing European Union summit meeting, a strengthening dollar and a significant decline is U.

Germany leader opposes full debt sharing in Eurozone crisis
Los Angeles Times
On the eve of a European summit, German Chancellor Angela Merkel touts tighter budgetary controls and says debt sharing will not occur 'as long as I live.'

Los Angeles Times

IMF Will Join Cyprus Bailout
Wall Street Journal
The financial rescue package for Cyprus will involve the International Monetary Fund and will be tied to strict conditions on fiscal policy, bank deleveraging and structural reforms, euro-zone finance ministers said Wednesday.

Why There Was no “Euro Crisis” in the USA | PRAGMATIC ...
By Cullen Roche
One of the better analogies for understanding the Euro crisis is to look at the USA and the relationship between the states and the federal government. The.
PRAGMATIC CAPITALISM

Euro Crisis Threatens Global Security - The National Interest
By Steven Grundman, A. J. Wilson
While we are hardly yet at the brink of Yeats's apocalypse, the financial crisis is rapidly weakening the hold of European institutions on countries on the EU periphery. By calling into question the sixty-year momentum of European unity, the ...
The National Interest

Eurozone Entering Danger Zone - Business Insider
By Matthew Boesler
Titled No Getting Away from the Eurozone Crisis, the report walks through recent developments in sovereign ratings and trends that have been followed closely by the market and reported extensively in the media this year. Right away, the ...
Business Insider

The contagion of the European Union and banking debt – 20 ...
By mybudget360
The contagion of the European Union and banking debt – 20 European Banks have liabilities above 50 percent of their home country GDP. Why an EU FDIC is highly unlikely in the short-term. The crisis in Europe is boiling over yet again.
My Budget 360

- Alpha.Sources - The Eurozone Doomsday Machine of Austerity
By CV
Interesting perspective on the effect of fiscal contraction in the eurozone by Econbrowser. I guess it makes sense. If the multiplier at the zero bound is high for positive spending it should be equally high (with a negative sign) if fiscal spending is ...
Alpha.Sources

Euro Zone Crisis: Why Put a Dog "In Charge of the Sausages - Care2
By Kristina Chew
Expectations for Thursday and Friday's euro zone summit in Brussels became quite a bit dimmer -- became pessimistic -- on Wednesday after German Chancellor Angela Merkel, in a speech to the Bundestag, the German Parliament, said that ...
Care2 Causes

Euro zone crisis saps confidence in June as leaders meet – Reuters ...
By Newswires
Euro zone crisis saps confidence in June as leaders meetReutersBRUSSELS (Reuters) - Euro zoneeconomic sentiment fell by more than expected in June, as man...
The Wall Street Examiner

EU summit: Live blog | The World
By FT
Unexpectedly, senior officials from all 17 eurozone finance ministries met on the sidelines of the summit to weigh emergency plans for Rome and Madrid, which focused on using the rescue fund to buy Italian and Spanish bonds to reverse the ...
The World

Forex - AUD/USD higher but euro zone concerns linger By Forexpros
By Forexpros
Forexpros - The Australian dollar rose to a one-week high against its U.S. counterpart on Thursday, as market sentiment remained supported by Wednesday's positive U.S. economic data, but investors were cautious as a key European summit ...
Forex Pros RSS News Feed | Forex News

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