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

Saturday, June 23, 2012

Eurozone rift deepens over debt crisis

Eurozone rift deepens over debt crisis
Financial Times
Leaders of the eurozone's four largest economies pledged on Friday to back a €130bn growth package and defend the common currency but remained divided ...

Leaders Vow to Defend Euro, but Hint at Rifts on How
New York Times
ROME — The leaders of the euro zone's four largest economies vowed on Friday to defend the common currency with all means necessary, trying to reassure ...

4 top European leaders back $163-billion growth package
Los Angeles Times
Leaders of the four major Eurozone countries agreed Friday to push for a $163-billion growth package, a week before a planned European summit considered ...

Euro zone battle moves to pitch as Germany plays Greece
Reuters
GDANSK (Reuters) - In Greece they are rubbing their hands with glee.Ninety minutes to get even. Ninety minutes to restore lost pride. Ninety minutes for the ...

Euro's big four agree on growth boost, split on bonds
Reuters
ROME (Reuters) - German Chancellor Angela Merkel resisted pressure on Friday for common euro zone bonds or a more flexible use of Europe's rescue funds ...

European Leaders, Still Divided, Push For Growth
Wall Street Journal
ROME—Leaders of the euro-zone's four largest countries said they were committed to rescuing the euro, but acknowledged more needs to be done to make ...

Wall Street Journal

Eurozone four leaders agree economic growth package
BBC News
The leaders of the eurozone's four biggest nations, Germany, France, Italy and Spain, agree a package to boost economic output by 1%.

BBC News

Amid crisis, leaders of Germany, France, Italy and Spain meet in Rome
Washington Post
LONDON — Leaders from the euro zone's four largest nations– Germany, France, Italy and Spain – agreed Friday to pump as much as $164 billion into the ...

Eurozone Battle Moves to the pitch as Germany play Greece
Fox News
When Greece takes the football field to battle Germany for a place in the Euro 2012 semi-final, there's a lot at stake.

Euro's big four seek way out of crisis in Rome
Reuters
ROME (Reuters) - The leaders of Germany, France, Italy and Spain met in Rome on Friday seeking ways to restore confidence in the euro zone ahead of a full ...

Study: Europe's rescue plans losing their power to soothe
Washington Post (blog)
Last August, the euro-zone crisis moved into its “doomsday” phase: Suddenly, ... In response,euro-zone officials devise some clever half-measure to placate the ...

Euro's big four agree growth boost, split on bonds
Reuters
Merkel, Hollande, Monti, Rajoy back 130 bln euro growthplan* Differences remain on euro bonds before EU summit nextweek* Merkel says liability and control ...

German business confidence falls as financial crisis slows Europe's ...
Washington Post
FRANKFURT, Germany — A key measure of German business optimism fell in June, another signal that the financial crisis could slow Europe's biggest ...

Euro zone battle moves to the soccer field as Germany faces Greece
Chicago Tribune
In Greece they are rubbing their hands with glee. Ninety minutes to get even. Ninety minutes to restore lost pride. Ninety minutes for the weak to triumph over the ...

Eurozone Leaders Urge Growth Boost, More Political Unity
HispanicBusiness.com
The leaders of the eurozone's four largest economies said Friday they agree that measures to boost economic growth in the area should be a priority in order to ...

HispanicBusiness.com

Euro zone battle moves to the pitch as Germany play Greece
Reuters
GDANSK, June 22 (Reuters) - In Greece they are rubbing theirhands with glee.Ninety minutes to get even. Ninety minutes to restore lostpride. Ninety minutes for ...

EU ministers focus on banking union, help for Spain
Reuters
IMF Managing Director Christine Lagarde has urged the euro zone to channel aid ... Lagarde said on Thursday that by allowing the euro zone's rescue fund, the ...

Spanish and Italian Bonds Turn Positive: Portugal Buoyant
Wall Street Journal
... confirmed earlier chatter that it had decided to widen the range of collateral it would accept fromeuro-zone banks in exchange for its loans, easing the funding ...

Treasurys Ease on Euro-Zone Hopes
Wall Street Journal
Treasury bonds slipped as some hopes of solution to the euro zone's sovereign-debt crisis eased demand for safe assets.

Signs of slowdowns in US, Germany, China combine with eurozone ...
Washington Post
FRANKFURT, Germany — European and Asian stocks fell Friday after economic reports suggested growth will weaken in the world's major economies.

IMF's Lagarde demands action to avert threat to euro
Chicago Tribune
LUXEMBOURG (Reuters) - The International Monetary Fund urged the euro zone on Thursday to channel aid directly to struggling banks rather than via ...

Greece and Germany, no strangers in euro crisis, square off on a ...
San Jose Mercury News
GDANSK, Poland -- Now for the really important business between Greece and Germany: Soccer. On Friday, thousands of fans from the two nations at opposite ...

Stranger than fiction: Germany-Greece eurocrisis invades the soccer ...
Christian Science Monitor
The political loggerheads between Germany and Greece have defined the Europeanfinancial crisis. Now, the struggle hits the soccer field in Friday's Euro 2012 ...

Christian Science Monitor

Eurozone's Big Four Begin Crisis Talks in Rome
HispanicBusiness.com
The leaders of the eurozone's four largest economies on Friday began crisis talks in Rome which are seen as crucial for preventing a possible collapse of the ...

HispanicBusiness.com

Eurozone big four pledge 1% of GDP to underwrite banks and ...
The Guardian
But leaders of France, Germany Italy and Spain fail to endorse full plan to protect countries under attack by markets.

The Guardian

Top euro area leaders urge focus on growth
CNNMoney
NEW YORK (CNNMoney) -- The leaders of the four biggest eurozone economies agreed Friday on a plan to boost economic growth in the troubled currency ...

Crisis "on doorstep" as German business morale hit
Reuters
Ifo business morale slides to lowest level since March2010* Firms start to feel pain from euro zonedebt crisis* Suggests Europe's largest economy could ...

EURO DEBT SUPPLY-Harder second-half funding battle for Spain ...
Reuters
Spain, Italy face more difficult funding conditions in H2 * Current sentiment improvement good for Italy next week * Hopes pinned on decisive political steps By ...

German business confidence falls as financial crisis slows economy
Globe and Mail
Index falls for second straight month, misses analysts' forecasts.

Globe and Mail

Clouds Gather Over German Economy
Wall Street Journal
BERLIN—Signs are growing that Germany's economy will soon take a hit from the euro-zone debt crisis, an Ifo economist said Friday, after the Munich-based ...

Calafia Beach Pundit: Eurozone update
By Scott Grannis
Two key measures of Eurozone risk have improved on the margin. The top chart shows 2-yrEurozone swap spreads, and the bottom shows the yield on 2-yr Spanish government bonds. Both begin at the beginning of last year for some ...
Calafia Beach Pundit

IMF Survey: IMF Urges Eurozone to Make More Determined ...
Saying the euro area crisis is at a critical stage, the IMF urges eurozone members to underline their strong commitment to a robust and complete monetary union, including a unified banking system and more fiscal integration, to arrest a ...
IMF Survey Magazine

Moody's world biggest bank downdrade adds to eurozone worries - RT
By RT
The US rating agency Moody's downgraded 15 world major financial institutions with the credit ratings lowered by one to three notches. The news triggered the indices down amid renewed concern on theeuro crisis.
News RSS : Today

The Eurozone's Time Of Decision ~ J O S H U A P U N D I T
By Rob
IMF managing director Christine Lagarde warned that the euro is under "acute stress" and urgedeurozone leaders to channel aid directly to struggling banks rather than via governments. She also called on the European Central Bank (ECB) ...
J O S H U A P U N D I T

Economy Puts Sharp Brakes on Eurozone PMI - 24/7 Wall St.
By 247wallst
Source: nationsonline.orgManufacturing in the eurozone has returned to levels like those of the last recession. This is another sign that the area has entered a second recession. But the data show that this new recession my be worse than the ...
24/7 Wall St. - Market Wire

The Friday#: Eurozone | Brandwatch
By Hannah Emanuel
The Friday#: Eurozone. ... It seems that with celebrities being selectively busted for where they put their cash, seems like nobody is immune to the Eurozone crisis! (Except Sir Gary Barlow). If you missed yesterday's SoConBuzz conference, ...
Brandwatch

German Property Market Soars Amid Euro Crisis | Brèves | LEAP 2020
By Der Spiegel
German real estate market prices have increased sharply over the last two years as investors look for solid returns and safe havens in the midst of the euro crisis. That has some worried about th...
LEAP 2020

Disappointing Euro-Zone Data Leads to Risk Aversion
Worse than expected euro-zone data, specifically the German Flash Manufacturing PMI, led to moderate risk aversion during mid-day trading yesterday.
FOREXYARD Daily forex analysis

The Eurozone, The Fed, and Central Bankers | OpenMarkets
By Blu Putnam
Even though the US economy has logged a few years of real GDP growth since the financial crisis of 2008, unemployment has declined from its peak of 10 percent to the 8 percent zone, and U.S. banks are very well-capitalized and profitable, ...
OpenMarkets

Eurozone crisis live: Leaders insist euro will survive – The Guardian ...
By Newswires
The GuardianEurozone crisis live: Leaders insist euro will surviveThe GuardianEurozone's biggest leaders stress unity, calling next week's summit...
The Wall Street Examiner

Weekly Eurozone Watch: Spreads Tighter | Global Macro Monitor
By macromon
Key Data Points German 10-year Bund yield 14.4 bps higher; France 12.7 bps tighter; Italy 27.1 bps tighter; Spain 63.8 bps tighter; Portugal 117 bps tighter, closes below 10% at 52 week low; Ireland 40 bps tighter; Italian and Spanish …
Global Macro Monitor

Eurozone big four vow billions to boost growth - Yahoo! News
From Yahoo! News: The leaders of the eurozone's four biggest economies on Friday vowed measures worth up to 130 billion euros ($163 billion) to tackle the ...
news.yahoo.com/eurozones-big-four-rome-talks-crisis-033046...

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