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

Monday, July 30, 2012

Euro zone crisis heads for September crunch

Euro zone crisis heads for September crunch
Reuters
BRUSSELS (Reuters) - Over the past couple of years, Europe has muddled through a long series of crunch moments in its debt crisis, but this September is shaping up as a "make-or-break" month as policymakers run desperately short of options to save the ...

ECB could take haircut on Greek bonds in 'last chance' plan - Telegraph: "Central banks across Europe are facing more huge losses under the terms of last-ditch efforts being made by EU authorities to keep Greece in the eurozone by slashing the country’s debt exposure." 

Only Mario Draghi's ECB can avert global calamity before the year is out - Telegraph: "Mario Draghi has promised the moon. The European Central Bank’s council had better deliver on his pledge this week. If it does not, the crisis will surely escalate out of control in August or soon after." 

Debt crisis: Germany's Angela Merkel and Italian PM Mario Monti vow to protect euro - Telegraph: "German Chancellor Angela Merkel and Italian Prime Minister Mario Monti have agreed to do everything to protect the euro zone and swiftly implement measures agreed by EU leaders in June."

Juncker: Euro zone leaders, ECB to act on euro - paper
Reuters
BERLIN/PARIS (Reuters) - The euro zone is at a decisive point and leaders will work with the European Central Bank (ECB) to demonstrate their commitment to the stability of the single currency, Eurogroup head Jean-Claude Juncker said in interviews with ...

Merkel and Monti pledge to do everything to protect euro zone
Reuters
BERLIN (Reuters) - German Chancellor Angela Merkel and Italian Prime Minister Mario Monti will do everything to protect the euro zone and swiftly implement measures agreed by European leaders in June, their governments said in a statement on Sunday.

Merkel, Monti: will do all to protect eurozone
Boston.com
BERLIN (AP) — The German and Italian leaders have pledged to do everything to protect theeurozone, adding to a string of assurances over recent days that Europe is determined to get a grip on the continent's debt crisis — but their governments again gave ...

Juncker: eurozone has no time to lose
Austin American-Statesman
FILE - In this July 4, 2012 file picture German Chancellor Angela Merkel, left, talks with Italian Premier Mario Monti during a bilateral meeting at Villa Madama in Rome. The German and Italian leaders have pledged to do everything to protect theeurozone, ...

Austin American-Statesman

Eurogroup chair sees decisions soon in debt crisis
Huffington Post
BERLIN — The German and Italian leaders issued a new pledge to protect the eurozone, while the influential eurogroup chairman was quoted Sunday as saying that officials have no time to lose and will decide in the coming days what measures to take.

Juncker: eurozone has no time to lose
Atlanta Journal Constitution
The German and Italian leaders have pledged to do everything to protect theeurozone, their governments said Sunday July 29, 2012 - further underlining European politicians' determination to get a grip on the continent's debt crisis, but again offering no ...

Atlanta Journal Constitution

Ireland Still Needs Euro-Zone Deal, Official Says
Wall Street Journal
DUBLIN—Ireland will need some sort of euro-zone deal to relieve its huge banking debts for it to make further progress toward securing a permanent return to capital markets, the head of the National Treasury Management Agency, the country's debt office, ...

Merkel, Monti: will do all to protect eurozone
Daily Herald
The German government says Chancellor Angela Merkel and Italian Premier Mario Monti have agreed they will do everything to protect the eurozone, and Monti will visit Berlin next month. Government spokesman Georg Streiter said Merkel spoke by phone ...

Uganda Ebola outbreak: patients flee hospital amid contagion fears :
By BobTuskin
The Guardian July 29, 2012. Ebola outbreak in Uganda claims at least 14 lives as health officials battle to stem spread of deadly virus. Terrified patients fled from a hospital in western Uganda as soon as news broke that a mysterious illness ...

Germany, France vow to do 'protect eurozone' - Daily News Egypt
By Daily News Egypt
Berlin (AFP) — The leaders of Germany and France threw their political support Friday behind ECB chief Mario Draghi's vow to do “everything” to protect the eurozone, after another brutal week of market turmoil. German Chancellor Angela ...
Daily News Egypt

Merkel Monti will do all to protect eurozone - St Louis - eWallstreeter
The German and Italian leaders have pledged to do everything to protect the eurozone, the German government said Sunday _ further underlining European politicians' determination to get a grip on ... Continue reading this article » ...
eWallstreeter

Eurozone crisis live: Mario Draghi vows to save the eurozone ...
José Manuel Barroso, European commission president, is in Athens to discuss Greece's progress with prime minister Antonis Samaras, while Mario Draghi and ...
www.guardian.co.uk/.../eurozone-crisis-greece-bailout-barroso

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