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

Friday, June 15, 2012

Eurozone finmins to discuss outcome of Greek vote on Sunday

Euro zone finmins to discuss outcome of Greek vote on Sunday
Reuters
BRUSSELS (Reuters) - Euro zone finance ministers are scheduled to hold a teleconference on Sunday evening to discuss the outcome of Greek elections, two ...

It's decision time for euro zone -UK's Osborne
Reuters
LONDON, June 14 (Reuters) - The risks to Britain from adisorderly collapse of the euro zone are huge and Greece has tomake up its mind over its membership ...

Euro zone may tinker with Greek bailout terms after election
Reuters
BRUSSELS (Reuters) - The euro zone will not tear up the main targets of Greece's bailout no matter who wins Sunday's elections, but it might consider giving a ...

Greek Syriza Wants Greece In Euro Zone Without Loan Agreement
Wall Street Journal
ATHENS--Greece's leftist Syriza party wants to keep the country in the euro zone despite not agreeing to the austerity measures accompanying Athens' second ...

European sovereigns and banks drag each other down
Reuters
Some euro zone governments and banks in their countries are finding it ever ... On Saturday it requested up to 100 billion euros ($126 billion) in euro zone aid to ...

European markets cautious amid contagion concern
Boston.com
MILAN (AP) — European stock markets mostly sank Thursday amid signs that debt market turmoil roiling Spain is threatening Italy, which is considered too big to ...

Britain fights euro zone threat with credit boost
Reuters
BOE, UK start funding scheme for banks to boost credit* BoE to activate emergency liquidity tool* King says case for further monetary easing is growingBy Matt ...

World stocks fall on European contagion concern
CBS News
MILAN — World stock markets sank Thursday amid ominous signs that debt market turmoil roiling Spain is threatening Italy, which as the eurozone's third-largest ...

Greek stocks rocket ahead of crucial elections
The Associated Press
Without the money, Greece would go bankrupt and likely have to leave the 17-country eurozone. Sergios Melahrinos, an analyst at Solidus Securities, said ...

GLOBAL MARKETS-Spain's debt hits record as euro zone crisis ...
Reuters
Spain's 10-year debt passes 7 pct danger level* European shares extend losses to fall 1.1 percent* Euro's fall capped as investors await Greek electionBy ...

Greece's Two Elimination Matches Are Nail-Biters
Wall Street Journal (blog)
It faces a different kind of elimination match Sunday, when voters go to the polls in repeat elections that could determine the country's future in the euro zone.

Peripheral Damage Goes Global, Part II
Slate Magazine (blog)
At the Eurozone's (EZ's) largest banks—many of whom lent as recklessly as the Greeks borrowed during the bubble years—analysts have been running the ...

Slate Magazine (blog)

European shares dip as debt woes dent confidence
Reuters
REFILE-GLOBAL MARKETS-Euro zone weighs on shares, euro and even ... Echoing the impact of declining consumer demand amid the euro zone debt crisis, ...

Greek Radical Leftist Tsipras Says Euro Is Not A "Fetish"
Wall Street Journal
ATHENS--Greece should not make its euro-zone membership a "fetish," said the leader of the leftist party that rejects the terms of the country's international ...

UK to get credit flowing, fight euro zone decline
Reuters
LONDON, June 14 (Reuters) - Britain will launch a new scheme to get credit flowing in the ailing economy and the Bank ofEngland will activate its emergency ...

Greeks to decide euro membership in nail-biter vote
Reuters
"If one country leaves the euro, the euro zone collapses," he told Greek TV on Thursday. "If they don't give us the next loan installment, the euro zone will ...

Euro Crisis Deepens With Spain, Cyprus Downgrades by Moody's
San Francisco Chronicle
Adds euro level in ninth paragraph, AMP comment in 14th. Click on TOP CRIS for more on theeuro crisis.) June 14 (Bloomberg) -- The European debt crisis ...

Greek stock exchange posts sharp gains 3 days ahead of crucial ...
Washington Post
... national elections in three days will yield a government that can avoid a messy confrontation with Athens' bailout creditors and keep the country in the eurozone.

Greek jobless hits record as election looms
Reuters
The jobless rate hit 22.6 percent in the first three months of the year - double the euro zoneaverage - reflecting the deep economic malaise that forced many ...

Britain fights euro zone threat with credit boost
Reuters UK
LONDON (Reuters) - The government and the Bank of England will flood its banking system with cash in a coordinated move to get credit flowing through its ...

Waiting for the Dollar to Rise
Wall Street Journal (blog)
Dollar bulls really do need to keep the faith. Recent economic data out of the U.S. has been making their life difficult.

When 7% Might as Well Be 17%
Wall Street Journal (blog)
Does it matter whether Spanish government bonds yield 7% or 17%? Surely, the point is that the Spanish government has lost the confidence of the markets, ...

FOREX-Euro inches up ahead of election, Italian auction looms
Reuters
Euro's short-covering continues* Worries grow Italy may be to big to bail for euro zone* Spanish rating downgrades undermine euro* Kiwi off 1-month high after ...

Cyprus: 'We need a bailout'
CNNMoney
If a eurozone nation is bailed out in the middle of the Mediterranean and nobody ...The ratings agency cited the risk of a Greek exit from the eurozone, which ...

CNNMoney

Spain's debt hits record as euro zone crisis worsens
CNBC.com
LONDON (Reuters) - Spain's 10-year bond yields hit a euro-era record of 7 percent on Wednesday as investors fled to safe-haven assets on fears the storm ...

Europe's Contagion Spreads Into China - Business Insider
By Cullen Roche
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 global effect here and see just how much the European weakness is hurting China.
Business Insider

EUROZONE FUNDING REQUIREMENTS BY COUNTRY ...
By Sober Look
Here are the amounts of debt that the major Eurozone nations will need to issue this year. Let's put things in perspective. Spain's requirement for 2012 is to raise €35.5bn. With the new €100bn aid to the banking system, Spanish banks will ...
PRAGMATIC CAPITALISM

Buy Stocks Now, As PIIGS To Escape Slaughter - Seeking Alpha
By Markos Kaminis
With the Greek elections, the second of the sort, due this weekend, bond investors have been leading the PIIGS to slaughter this week. Rising bond yields in Spain forced the pivotal European nation to seek assistance last weekend, which in ...
SeekingAlpha.com: Home Page

Euro zone survival is in the eye of the beholder | MacroScope
By Andy Bruce
Despite all their years of experience and complex mathematical models, for economists the question of the euro zone's survival really has them at the mercy of national bias... at least in terms of where their employer is based.
MacroScope

Euro Zone, part 1000000000… | The Big Picture
By Kiron Sarkar
The only issue of interest remains the EZ,so here goes. However, I will point out that analysts continue to downgrade China's GDP forecasts - still way too.
The Big Picture

Can Markets Hold Together While Eurozone Struggles? - Zacks.com
By Sheraz Mian
A rating downgrade of Spain pushing yields on Spanish government bonds to new Euro-era highs.
Zacks Investment Research - All...

European markets cautious amid contagion concern - seattlepi.com
MILAN (AP) — European stock markets mostly sank Thursday amid signs that debt market turmoil roiling Spain is threatening Italy, which is considered too big to bail out. Madrid accepted up to €100 billion ($125 billion) in loans to rescue its ...
Business Heds Index

The Financial crisis and European security strategy – when will the ...
By Lars-Erik Lundin
The European Security strategy text from 2008 makes a mere reference to the problem of the financial crisis and to the need of reforming the international financial institutions. see further my WEBBRAIN. In one of the last Eurobarometers a few ...
European Security Policy

California Hedge Fund Is Latest Euro Crisis Casualty – Bloomberg ...
By Newswires
Bloomberg  California Hedge Fund Is Latest Euro Crisis CasualtyBloombergHedge-fund manager Paul Sinclair is the latest casualty of Europe's sovereign-de...
The Wall Street Examiner

Spain and the euro crisis: when €100bn doesn't fix much | Editorial ...
Editorial: Whatever Mariano Rajoy or the IMF might say, the deal that was announced on Saturday evening settles very little.
www.guardian.co.uk/.../2012/.../spain-and-euro-crisis-editorial

Spanish PM claims bank bailout 'triumph' amid eurozone crisis ...
Mariano Rajoy puts gloss on €100bn loan but 'bailout lite' could prompt reaction from hard-hit Ireland, Portugal and Greece.
www.guardian.co.uk/world/.../spain-pm-bank-bailout-triumph

Eurozone crisis: banks bailout a victory for the euro, says Spanish ...
Spain's prime minister Mariano Rajoy makes upbeat claims for the €100bn deal, calling it a soft loan rather than a bailout.
www.guardian.co.uk/.../eurozone-spain-bank-bailout-victory-...

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