Euro-Zone Banks Still Hoarding
Wall Street Journal
The European Central Bank's latest interest rate cuts have finally taken effect, but there was still no convincing sign Thursday that euro-zone banks had stopped hoarding their excess cash.
Euro-Zone Industry Shows Fight
Wall Street Journal
Industrial production in the euro zone rose in May as demand for a range of goods gained, while German output was the strongest since July last year, data from the European Union's statistical agency showed.
Eurozone could lose 4.5 million more jobs
A report released today by the International Labor Organization's International Institute for Labor Studies, based in Geneva, Switzerland, reveals that 17.4 mil.
Factory output drags on euro zone's economy
BRUSSELS (Reuters) - Euro zone factories unexpectedly stepped up production in May, but output fell in France and the Netherlands in a further sign that the bloc's sovereign debt crisis is also hurting.
Analysis: No summer break for euro zone as market jitters grow
LONDON (Reuters) - The euro zone debt and banking crisis is like the Tour de France cycling epic now approaching its half-way stage: a lot of grueling climbing, sprint-like bursts of progress and the occasional.
Finland's tough stance still shaping responses to euro-zone debt crisis
Helsinki's position on Europe's economic woes is swayed by the Social Democrat party, which took a hard line on the crisis in 2011.
Heightened uncertainty weighing on euro zone
FRANKFURT (Reuters) - Economic growth in the euro zone economy is weak and heightened uncertainty is weighing on confidence, the European Central Bank said on Thursday in its monthly bulletin, adding that.
Euro-Zone Posts Surprise Industrial Output Rise
NASDAQ News: Euro-Zone Posts Surprise Industrial Output Rise.
ADB cuts growth forecast for developing Asia amid eurozone crisis, sluggish US ...
MANILA, Philippines — The Asian Development Bank cut growth forecast for developing Asia on Thursday, citing Europe's worsening financial crisis, sluggish recovery in the U.S. and slower growth in China and India.
Eurozone Industrial Production Rebounds Unexpectedly
Production in Eurozone's industrial sector bounced back unexpectedly in May, but the sector is unlikely to sustain the gains given the sluggish economic activity in the single-currency bloc owing to the debt crisis.
Peugeot cuts 8000 jobs, shuts down Paris factory amid financial crisis
New York Daily News
Struggling French car maker PSA Peugeot-Citroen, facing diving sales in crisis-hit southern Europe, announced a drastic cost-cutting plan Thursday to slash 8000 jobs in France and close a major factory north of Paris.
New York Daily News
Europe: Spain Squeezed By Eurozone Bailout Deal (EWP, VGK, EUO, FXE, EWG)
ETF Daily News (blog)
Diane Alter: In attempts to ease its mushrooming financial pains, Spain unveiled new austerity measures today (Wednesday) that aim to reduce 65 billion euros ($80 billion) from the public deficit by 2014. The move is part of an agreement Spain's Prime ...
ETF Daily News (blog)
Finland Joins Negative-Yield Club as Euro-Zone Bonds Rally
Wall Street Journal
Euro-zone government bond yields continued to fall across the board Thursday, with a raft of new austerity measures easing pressure on Spain, although there was no let up in the buying of assets deemed safe as Finland became the third euro-zone country ...
US money funds shed euro zone debt in June-JPMorgan
NEW YORK, July 12 (Reuters) - U.S. prime money market fundscut back on their holdings of euro zone bank debt in June onnagging worries about contagion from the debt crisis in the eurozone, a report.
Time Running Out For US To File Charges Over Financial Crisis
Time is running out for U.S. securities regulators to file civil charges for alleged wrongdoing during thefinancial crisis. Federal laws under which the Securities and Exchange Commission usually goes after alleged fraud and other misdeeds have a five ...
Eurozone industrial output up 0.6% in May
BRUSSELS — Eurozone industrial production rose a sharp 0.6 percent in May after contracting 1.1 percent the previous month, official figures showed Thursday, but analysts were sceptical of an upturn in growth. The Eurostat data agency showed a ...
Euro-Zone crisis? What crisis? It all depends on how you define it
What constitutes a crisis? Is it sustained economic decline, high and long-term unemployment, poverty, rampant inflation, a precipitous fall in the exchange rate, fiscal deficits, high borrowing costs, and political dysfunction? Most would agree that a ...
Italy eyes euro zone aid to ease debt pain
Financial Express Bangladesh
Francesca Landini and Robin Emmott of Reuters from BrusselsItaly said on Tuesday it may want to tap euro zone aid to ease its borrowing costs as finance ministers struggled to convince markets the.
No decisive turnaround for eurozone
"There seems to be no end in sight" to the global financial crisis, which is now in its fifth year, Reserve Bank governor Gill Marcus noted last week. "Financial markets remain unconvinced about the adequacy of the firewalls erected to prevent the ...
Eurozone crisis dampening developing Asia's growth prospects: ADB
International News Network
BANGKOK: Europe's worsening financial and banking crisis and a sluggish recovery in the United States are weighing on developing Asia's growth prospects, according to figures released today from the Asian Development Outlook Supplement (ADOS), ...
'Conditional' sovereign bonds: a way forward for the eurozone
From Mr Mariano Vassalluzzo. Sir, How can the eurozone cope with the urgency of preventing a financial meltdown in southern Europe, while at the same time establishing the fiscal controls that northern Europe demands first as a condition for this.
Eurozone crisis live: Euro hits two-year low as France reels from Peugeot job cuts
French carmaker blames 'profound crisis' in its eurozone markets as it announces plans to close factory and lay off thousands.
US exports gain, despite Eurozone crisis and China slowdown
San Jose Mercury News
WASHINGTON -- The nation s trade deficit narrowed for the second straight month in May as American exports eked out a 0.
Glimmers of Hope Fail to Lift European Markets
New York Times
LONDON — European industrial production rebounded unexpectedly in May, according to data released Thursday, and Italy's short-term borrowing costs dropped, providing glimmers of hope that have been rare lately in the euro zone.
Glimmers of hope in the eurozone gloom
glimmers of hope in the eurozone gloom eurozone leaders have made a great deal of progress in tackling the crisis, but not enough to satisfy the markets.
Euro Crisis in Spain Will Not Be Solved By Austerity
The new austerity measures in Spain and the corresponding outcry should prompt the United States to rethink our own austerity driven economic policies.
Forex Flash: Any recovery in Eurozone industrial activity lin Q2 will likely ...
FXstreet.com (Barcelona) - Eurozone Industrial Production came in stronger than expected, rising 0.6% in May, after declining for two.
Finland still affecting eurozone stance on debt
The surge in anti-European sentiment before the election in Finland last year may have quietened down, but promises to limit the country's exposure to weaker economies are continuing to have a big impact on how the eurozone tackles its sovereign.
Euro-zone May industrial output rises unexpectedly
FRANKFURT (MarketWatch) -- Industrial production across the 17-nation euro zone grew 0.6% in May, the European Union statistics agency Eurostat reported Thursday. Compared to the same month last year, production fell 2.8%. Economists surveyed by ...
Euro-Zone Industrial Output Rises In May | Benzinga
By Lisa Levin
Industrial production across the euro zone surged 0.6% in May, according to the European Union statistics agency Eurostat. Industrial production dropped 2.8% y/y. However, economists were expecting a 0.2% monthly decline and a 3.7% y/y ...
Benzinga - Stock Market Quotes,...
Thai exports will be hit by Euro crisis - The Nation
Thai exports will be hit by Euro crisis. The euro-zone crisis will continue to be a drag on the global economy for the next few years, with Thai exports taking a direct blow and seeing growth...
NationMultimedia.com - Business
Euro Zone Crisis: What More Austerity Means | Care2 Causes
By Kristina Chew
Spanish Prime Minister Mariano Rajoy announced €65 billion of exceptional measures to exceptional circumstances, of spending cuts and tax hikes to be carried.
Has the eurozone reached the limits of the politically possible?
By Centre for European Reform
Has the eurozone reached the limits of the politically possible? by Simon Tilford. June's EU summit was the first to agree measures that address the core of the crisis: inflated government borrowing costs that weaken public finances and ...
Centre for European Reform
Sober Look: Eurozone's electorate becoming increasingly polarized
By Walter Kurtz
Ultimately this will make it increasingly difficult for politicians from the various states to reach consensus as they face domestic pressures. And the Eurozone urgently needs consensus and decisiveness to assure the union's survival.
Eurozone May Industrial Production Surprises to the Upside - 24/7 ...
By Paul Ausick
Source: nationsonline.org The European Union's statistics office, Eurostat, reported this morning that industrial production among the 17 members of the Eurozone rose 0.6% month-over-month in May. Compared with May 2011, industrial ...
24/7 Wall St. - Market Wire
China and Brazil face sustained slowdown as eurozone crisis takes ...
Some of the fastest-growing economies of the past 10 years are facing a sustained slowdown because of the euro crisis and a sharp deterioration in the US economy, according to a report by HSBC. China and Brazil are among the hardest-hit ...
RBA Lowe: The Euro Crisis and the Financial System @ Forex Factory
By From rba.gov.au
RBA Lowe: The Euro Crisis and the Financial System - PRESENTATION SLIDES.
ECB: Eurozone Construction Activity Likely To Remain Subdued ...
By Market News International
FRANKFURT (MNI) - Eurozone construction activity is likely to remain subdued, the European Central Bank said in its latest Monthly Bulletin, citing.
Euro zone factory output rises in May but still weak - Courant.com
BRUSSELS (Reuters) - Output at euro zone factories grew in May, but not enough to make up for falls earlier in the year as production in France and the Netherlands sank, the latest sign that theeuro zone debt crisis is also eating away at ...
Business - Courant.com
Analysis: No summer break for euro zone as market jitters grow ...
Analysis: No summer break for euro zone as market jitters grow ReutersLONDON (Reuters) - The euro zone debt and banking crisis is like the Tour de France cy...
The Wall Street Examiner
Euro crisis: “Welcome to Europe's endless debt saga.” « Slugger O ...
By Pete Baker
The meeting here of euro zone finance ministers on Monday night was a case in point. Nine languid hours they spent talking, before emerging bag-eyed into the dark after 2am with a 522-word statement in which they mainly reiterated the ...
Eurozone unemployment could soar by 4.5m unless austerity is ...
Study says eurozone unemployment could reach 22 million by 2016 unless policies 'change course in concerted manner'