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

Monday, June 25, 2012

Merkel to meet France's Hollande on Wednesday

Merkel to meet France's Hollande on Wednesday
Reuters
The meeting comes on the eve of a summit that is being seen as a big moment for the embattled 17-nation euro zone which is struggling to formulate a credible ...

Weidmann rejects proposal for bailout funds to buy bonds
Chicago Tribune
FRANKFURT (Reuters) - Bundesbank President Jens Weidmann rejected a proposal by Italian Prime Minister Mario Monti for the euro zone's rescue funds to ...

Schaeuble says "no" to throwing money at euro crisis
Reuters
BERLIN (Reuters) - Throwing more money at the eurozone debt crisis will not solve the problem because the troubles have to be resolved at the cause, German ...

Blair: To save eurozone, Germany must underwrite debts of ...
Washington Post
LONDON — Former British Prime Minister Tony Blair said Saturday that the euro will only survive if Germany underwrites the debts of the eurozone's financially ...

Schaeuble says 'no' to throwing money at euro crisis
Reuters
BERLIN, June 24 (Reuters) - Throwing more money at theeurozone debt crisis will not solve the problem because thetroubles have to be resolved at the cause, ...

BIS backs banking union to ease euro zone crisis
Reuters
LONDON (Reuters) - Creating a banking union for the euro zone could break the fever gripping the shared currency and buy time for governments to put the ...

Can Mario Monti save Italy — and the euro?
Washington Post (blog)
The euro crisis, in one picture. ... In truth, there is no simple Keynesian solution by which the euro zone could borrow-and-spend its way back to growth. With the ...

Stop asking for more help, Germany tells Greece
Reuters
Finance Minister says ball now in Greece's court* Schaeuble takes tough line on Greece's wish list* Dismisses euro bonds as 'spending other people's ...

The eurozone's long reform wishlist
BBC News
The long list of radical economic and financial reforms that may be needed to hold the European single currency together.

BBC News

Analysis: Be afraid: Some in US see shades of 2008 in euro crisis
Reuters
(Reuters) - Grim. Serious. Terrifying. Nerve-rattling.These are the words some prominent American investors and strategists are using to describe the worsening ...

Greece's ailing leaders to miss EU summit on eurozone crisis
The Guardian
Inspection tour of Greece delayed with PM Antonis Samaras and finance minister Vassilis Rapanos in hospital.

Blair: Germany must underwrite eurozone debts
KFVS
Former British Prime Minister Tony Blair says the eurozone can survive only if Germany agrees to underwrite the debts of the currency union's financially ...

The euro crisis: Everybody's problem
CBS News
CBS Sunday Morning: The euro crisis: Everybody's problem - Clarissa Ward on how Greece's recession and Spain's debt are testing the strength - and validity ...

CBS News

Hugo Dixon: The euro zone's last hope
Business Standard
The break-up of the euro would be a multi-trillion euro catastrophe. An interest subsidy costing around euro 50 billion over seven years could help save it.

Hollande may lose euro battle as Merkel holds firm
Reuters
PARIS (Reuters) - French President Francois Hollande may have set himself up for a fall this week, as Germany's Angela Merkel shows no sign of yielding to his ...

Spain to ask for aid as EU fights debt crisis
Financial Times
Spain on Monday will formally ask its eurozone partners for up to €100bn to recapitalise its banks, opening a week of diplomatic activity that will culminate in a ...

Tony Blair calls on Germany to back 'grand plan' to save eurozone
The Guardian
Future of the euro rests on Germany being prepared to accept the debts of one as the debts of all, former prime minister says.

The Guardian

Volkswagen's finance arm ponders Greek euro-zone exit: paper
Reuters
BERLIN (Reuters) - Volkswagen's finance division is considering the impact of a possible exit of Greece from the single currency zone, its Chief Executive Frank ...

VW's finance arm ponders Greek euro-zone exit-paper
Reuters
BERLIN, June 24 (Reuters) - Volkswagen's financedivision is considering the impact of a possible exit of Greecefrom the single currency zone, its Chief ...

EuroCrisis Germany Vs Greece
Live Trading News
Greece's new three-party coalition government was elected on the basis it would renegotiate the terms of the 130-billion-euro bailout deal that is helping the.

Live Trading News

OUR OPINION: Greater fiscal unity is goal of several European ...
San Angelo Standard Times
Now the 17-nation eurozone with its common currency, the euro, finds itself under threat and from a cause that has long been identified: There is no central ...

EU fiscal pact clears another hurdle in Germany
Huffington Post
HuffPost's QuickRead... Loading... HuffPost's QuickRead... Loading... Financial Crisis · Europe In Crisis · Wal-Mart · More. Log in Create Account. Notifications ...

Some US investors and strategists see shades of 2008 in euro crisis
Economic Times
There is a mounting sense among the financial community that politicians and markets are operating on two completely different timelines.

German upper house agrees on deal to back ESM
Reuters
BERLIN (Reuters) - Germany's upper house of parliament won multi-billion euro financial concessions from Chancellor Angela Merkel's government on Sunday, ...

Harper government rejects economist's prescription for financial ...
National Post
Harper government rejects economist's prescription for financial crisis warning ... “If you actually go through life thinking there won't be a financial crisis, then ...

National Post

Touching up with a spot of Grecian 2000 Mr Blair? Former PM ...
Daily Mail
Animated: Mr Blair warned that the eurozone is doomed unless Germany agrees to ...'It means the other countries in the eurozone need to reform, need precise ...

Daily Mail

SOROS: Here's How You End The Euro Crisis
Business Insider
In a column up at Project Syndicate titled How Europe Can Save Europe, he notes that on its current path the Eurozone is heading for the opposite of the open ...

Euro zone at critical stage, reforms needed for growth - IMF
ArabianBusiness.com
The debt crisis in Europe has reached a "critical stage", and a forceful move toward a more complete monetary union - particularly a banking union - and more ...

ArabianBusiness.com

Eurozone nations are stuck in a 'doom loop'
Telegraph.co.uk
Such is the reality that plagues the eurozone, with toxic bank liabilities raising deep concerns about sovereign insolvency and the resulting sky-high bond yields ...

Telegraph.co.uk

Germany fears eurozone collapse would decimate country's economy
The Guardian
German finance ministry projections show Berlin is far from negotiating solution to eurozone crisis from position of strength.

The Guardian

Big 4 eurozone leaders agree to fight for euro
BusinessGhana
The New York Times reported German Chancellor Angela Merkel showed little indication she was warming to the idea to collectivize the eurozone's debt or to ...

Tories made a 'major mistake' in their approach to the euro crisis ...
Globe and Mail
The former Liberal PM and finance minister said Sunday that the Conservatives' comments about supporting the IMF effort are undermining multilaterialism.

Globe and Mail

Tony Blair: In Eurozone, Germany Must Treat 'The Debts Of One As ...
By The Huffington Post News Editors
LONDON -- Former British Prime Minister Tony Blair said Saturday that the euro will only survive if Germany underwrites the debts of the eurozone's financially struggling members. He told BBC television that safeguarding the euro would need ...
The Huffington Post | Full News Feed

Mish's Global Economic Trend Analysis: Eurozone 1% Shell Game ...
By noreply@blogger.com (Mike Mish Shedlock)
Mish's financial blog covers global news and macroeconomic events regarding the world economy. The blog's primary focus is inflation, deflation, and hyperinflation topics, especially currencies, gold, silver, crude, oil, energy and precious ...
Mish's Global Economic Trend Analysis

Another view of the euro-crisis: Germany vs. Greece « Fabius Maximus
By Fabius Maximus
Summary: The current crisis is another chapter in the two-thousand year story of Europe's people struggle to live together. As an economic crisis it shows progress from the last chapter, 1914-1945, their attempts at mutual annihilation. It's better ...
Fabius Maximus

BIS backs banking union to ease euro zone crisis – Reuters | The ...
By Newswires
BIS backs banking union to ease euro zone crisis Reuters Common bank rules would restore confidence in euro* BIS warns of limits to ultra-loose monetary poli...
The Wall Street Examiner

Euro Crisis Makes For Some Pretty Original Soccer Match Chanting ...
By Joshua M Brown
We'll never pay you back,” countered the Greeks. “We'll never pay you back.”
The Reformed Broker

Financial crisis can repeat - expert: Voice of Russia
Grigory Birg, Co-Director of Analysis Department at Invest Café Analytical Company, about risk of repeat of financial crisis and Russia's banking system.
Voice of Russia, News

BLAIR: Germany MUST Underwrite Euro Zone Debts — The ...
By Melvin Martinez
Former British Prime Minister Tony Blair told BBC Television Saturday that the euro will only survive if Germany underwrites the debts of the eurozones financially struggling members, according to the Associated Press.The only thing that will ...
The Martinez Report by Melvin Martinez

BRIC nations rocked by aftershocks of eurozone crisis | ForexLive
By Gerry Davies
'The devastating slowdown in the European economies has shown that 'decoupling' - the idea that developing nations would go on growing despite problems in the.
ForexLive

Urbanomics: Two summaries of the Eurozone crisis
By noreply@blogger.com (gulzar)
Greece and Portugal are relatively poor, with GDP per capita of 82 and 77 percent, respectively, of the EU average; this means roughly 76 and 71 percent of the eurozone average, since the euro countries are a bit richer than the EU as a ...
Urbanomics

Bric nations rocked by aftershocks of eurozone crisis | Brèves | LEAP ...
By The Guardian
The devastating slowdown in the European economies has shown that 'decoupling' – the idea that developing nations would go on growing despite problems in the west – is a myth... Read.
LEAP 2020

Euro zone's major leaders agree to growth plan
Globe and Mail
Germany, France, Italy and Spain call for $167-billion to boost ailing economies, but make no progress on euro bond plan.

Globe and Mail

Bailing out the euro zone's bailout
GlobalPost
Bailing out the euro zone's bailout. Europe's bailout plan is failing. Next week, at yet another summit, leaders will try to rescue it. Here's what you need to know.

Is there any solution in sight to the eurozone crisis?
Telegraph.co.uk
In theory, the eurozone countries have already agreed that they will sign up to fiscal union, meaning that they effectively pool their budgets and issue debt ...

Telegraph.co.uk

Greece outlines plan to ease bailout burden
Chicago Tribune
Euro zone partners have offered adjustments but no radical rewrite of the bailout ... Euro zoneofficials have said the bailout package should be revised only to ...

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