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

Wednesday, July 18, 2012

Eurozone decline dents German economy

Eurozone decline dents German economy
CBS Moneywatch
Europe's largest economy is starting to feel the pain from the region's ongoingfinancial crisis.

CBS Moneywatch

Euro zone needs deeper economic union -ECB's Asmussen
Reuters
BRUSSELS (Reuters) - Euro zone countries need to build a deeper economic union, diluting national polices in favor of centralized powers to intervene in national budgets and prevent countries issuing too.

Fund managers expect more trouble in Germany - Telegraph: "Fund managers from across the world have begun to doubt Germany’s ability to withstand further shocks from the region’s debt crisis, registering a stark change in view since the late spring."

Ben Bernanke gives no hint of further US Fed stimulus - Telegraph: "Federal Reserve chairman Ben Bernanke stopped short of promising fresh stimulus for the US economy even after admitting its performance is "disappointing."" 

German investor optimism drops unexpectedly
Businessweek
Germany is the largest economy in the 17-country eurozone and has an outsized impact on the currency union and its efforts to dig out of a crisis over too much government debt. It has enjoyed economic growth and low unemployment even as financially ...

German ZEW index drops for third straight month in July
Reuters
Euro zone crisis still hurting German business morale* ZEW says expectations may be bottoming out* Economists see Germany escaping severe deterioration (Adds quotes, details, background)By Eva Kuehnen.

Germany's ZEW investor confidence index falls unexpectedly in July to minus ...
Washington Post
FRANKFURT, Germany — A key measure of German investor confidence fell unexpectedly in July in another sign that the eurozone financial crisis is weighing on Europe's largest economy.

Euro Zone Crisis Pulls Down Global Economic Growth Forecast
Care2.com (blog)
Not the happiest of days for the euro zone was Monday with the International Monetary Fund cutting its forecast of growth in 2013.

Debt crisis saps German investor confidence
CBS News
(AP) FRANKFURT, Germany - A key measure of German investor confidence fell unexpectedly in July in another sign that the eurozone financial crisis is weighing on Europe's largest economy, which has so far proved resilient. The ZEW institute said ...

CBS News

Eurozone Needs Process, Not Money
Seeking Alpha
The most positive takeaway of the recent eurozone summit was the announcement of an integrated supervisory mechanism as a precondition to any bank bailout. A European guarantee of Spanish bank deposits without a corresponding handover of banking ...

Funds fear legal risk over euro zone break-up plans
Reuters
LONDON (Reuters) - European fund managers are keeping contingency plans for a euro zone break-up under wraps in case investors who incur losses use the information as ammunition with which to sue them.Too.

The Five Euro-Zone Sovereign Bond Markets
Wall Street Journal (blog)
The euro was supposed to meld the disparate economies of Europe into one happy family of little Germanys.

Wall Street Journal (blog)

German Economic Expectations Fall Again
Wall Street Journal
MANNHEIM, Germany–German economic expectations fell for a third straight month in July to hit the lowest level since January, amid weak demand from euro-zone states and weakening growth in other key partners, the Center for European Economic ...

Is the Euro-Zone Crisis Spreading to Germany?
NASDAQ
At FOREXYARD, we believe in keeping our clients prepared for potentially significant news events. As such, traders will want to carefully.

Taxes, cuts and Europe's financial crisis breed economists' doubts about growth
Detroit Free Press
Economists said the sales and profit gains of early this year are disappearing, and they are increasingly pessimistic about short-term growth. They also are gloomy because of how the U.S. could be affected by Europe's financial crisis, the possible ...

UK Regulator Encouraged Banks to Cut Euro-Zone Exposure -FSA Chairman ...
Fox Business
The U.K.'s financial regulator has encouraged British banks to cut their exposure to the sovereign debt of troubled euro-zone countries, its chairman said Tuesday, with the result that banks have markedly reduced their holdings of debt of countries ...

German investor optimism drops un expectedly
CBS News
FRANKFURT, Germany — Germany's ZEW institute survey of investor confidence fell unexpectedly in July in another downbeat sign for the eurozone economy. The institute said Tuesday its index fell for the third month in a row to minus 19.6 points from ...

German Economic Sentiment Sinks Again
MarketWatch
Besides the weak demand from the Eurozone for German exports, the German economy is also burdened by weakening growth dynamics in other important partner countries,” says ZEW President Prof. Dr. Dr.h.c. mult. Wolfgang Franz. The ZEW report also ...

Spanish Borrowing Costs Drop as Economy Minister Warns on Debt
New York Times
Spain's economy minister said that demand for euro zone debt had ground to a halt because of “slow and complicated” decision-making by European leaders. Most stock markets were higher.

San Bernardino city treasurer warned of looming financial crisis in 2010
Victorville Daily Press
San Bernardino city treasurer warned of looming financial crisis in 2010 | san, bernardino, financial, looming, treasurer, city, warned, crisis.

Chart of the Day: Germany in Breach of Maastricht Treaty in 8 of 10 Years ...
Minyanville.com
The stability and growth pact is an abomination, a pro-cyclical death pact designed to fail in the absence of political union.

Q&A: Preparing And Positing For The Euro Crisis Endgame
FINalternatives
As an associate director at Pacific Alternative Asset Management Co., Sam Diedrich is understandably concerned by developments in the European Union. After all, the Irvine, Calif.-based firm runs funds of hedge funds with roughly $8 billion in assets ...

Finland, Spain agree on bailout collateral
Reuters
HELSINKI (Reuters) - Finland has secured a deal with Spain to receive collateral in exchange for helping bail out Spanish banks, an agreement modeled on an earlier deal with debt-burdened Greece, Finnish.

IMF sees euro crisis dragging down global growth rates
Business Day
The IMF said its global growth forecasts hinged on the assumption of enough policy action for financial conditions in the eurozone periphery to gradually improve, and that steps by major emerging markets to stimulate growth would "gain traction".

News Summary: IMF says European financial crisis and US budget woes worsen ...
Washington Post
SLOWER GROWTH: The International Monetary Fund lowered its growth forecasts for the global and U.S. economies for this year and 2013. Europe's crisis and slower growth in China, India and Brazil were the main culprits.

IMF "reasonably" upbeat on Portugal bailout programme
Reuters
LISBON, July 17 (Reuters) - Portugal's economic adjustmentunder an EU/IMF bailout has reasonably strong chances ofsuccess, although rising challenges, mainly from the euro zonecrisis, risk deepening.

Is Eurozone crisis spreading to Germany? investor confidence ...
By The Extinction Protocol
July 17, 2012 – BONN, GERMANY – German analyst and investor sentiment dropped for a third consecutive month in July, a survey showed on Tuesday, providing further evidence that the euro zone crisis is taking its toll on morale in Europe's ...
The Extinction Protocol: 2012 and beyond

Eurozone Inflation Remains Above 2% | Gold Newswire
By goldguru
The Daily Reckoning Good day. I finally remembered to stay home and write on Monday mornings! YAHOO! I'll show those mental giants that run our building.
Gold Newswire

Euro Zone, Germany: ZEW Indicator of Economic Sentiment
Updated: 7/17/2012 5:12 AM. Actual: -19.6. Analyst: Petr Zemcik in London. First Take Investor confidence has been affected by the worsening outlook because of the still-uncontained sovereign debt crisis. The euro zone ZEW indicator of ...
Dismal.com: Indicators, Global

IMF warns that global recovery still at risk, Eurozone could go under
By noreply@allvoices.com
The present Eurozone crisis has underscored the fact that though the global economic recession may have struck nearly 4 years ago, it has certainly not let up.
Allvoices.com - Top Stories

Greece's Consul General of Montreal Talks About Crisis in his ...
By Marianna Tsatsou
With an article for the local English newspaper The Gazette, Greece's Consul General of Montreal Thanos Kafopoulos refers to financial crisis that Greece struggles with as well eurozone's policy in regards to ...

Spread Bet Currencies as Global Recovery Remains Under Threat ...
By WDM Group PR Network
Eurozone in 'Precarious' Situation. The IMF has stated that eurozone economies remain in a 'precarious' situation and will remain so if European leaders do not take further action to avoid the sovereign debt crisis from escalating. In the report ...
Press Releases

Chart of the Day: Germany in breach of Maastricht Treaty in 8 of 10 ...
By Edward Harrison
A recent story in German magazine Der Spiegel highlights the efforts in 2005 of German Chancellor Gerhard Schroeder to relax the penalties for deficits in breach of the euro zone's stability and growth pact. It is a good review of the ...
Credit Writedowns

FSA Turner: UK Banks Sensibly Cut Peripheral EZ Exposure ...
By Market News International
a partial break up of the Eurozone, but said the chances of a euro area break-up ... Eurozonecountries has very significantly reduced over the past year and. I think that is ... Turner said the risks from any country exiting the Eurozone come ...
ForexLive

German investor confidence drops « Shropshire Star
By PA
Germany is the largest economy in the 17-country eurozone and has a massive impact on currency union and its efforts to resolve a crisis over too much government debt. The German economy is still expected to show modest growth this year ...
Shropshire Star » Shropshire Star

EUR/USD July 17 Climbing as Weak US Data Fuels Speculation of ...
By Kenny Fisher
Federal Reserve Chairman Bernard Bernanke will address what, if any monetary action the Fed is prepared to take when he testifies at a Senate hearing on Tuesday and Wednesday. Both German and Eurozone Economic Sentiments were ...
Forex Crunch

ECB 'ready and waiting' to oversee banks - The Local
The European Central Bank (ECB) could take on the key role of supervising the eurozone's strained banking system very quickly if necessary, a German financial daily reported on Tuesday.
The Local - Germany's news in English

IMF tells eurozone to turn on printing presses - EU Observer
The euro crisis continues to weigh down the global economy, the International Monetary Fund said Monday, putting pressure on the European Central Bank to ...
euobserver.com/19/116984

Fed study: Don't blame financial crisis for weak recovery | AEIdeas
One current explanation offered by the Obama administration for the slow pace of the recovery — economic growing less than 2%, unemployment still over 8% ...
www.aei-ideas.org/.../fed-study-dont-blame-financial-crisis-for...

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