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

Monday, July 16, 2012

Eurozone rescue without growth means Finland first to leave?

Eurozone rescue without growth means Finland could be first to leave - Telegraph: "After last week's euro meeting, Spanish 10-year government bond yields fell back to 6.6pc."

Wall Street braced as global slowdown hits America - Telegraph: "Wall Street is braced for signs that slowing growth has finally caught up with American companies as some of the country's biggest begin releasing their results this week."

Fed fiddles as America slides back into recession - Telegraph: "The Economic Cycle Research Institute in America has doubled down on its recession call. A fresh US slump is not just a risk any longer. It has already begun."

China's economic woes could continue for 'some time' - Telegraph: "China's economic woes could continue for "some time," premier Wen Jiabao has warned, raising fears that the world's second largest economy is headed for a hard landing."

Citigroup aims to restore dividend hikes by 2013
Atlanta Journal Constitution
NEW YORK — Citigroup Inc. is aiming to hike its dividend for the first time since the 2008 financial crisis.

EIB head: euro zone crisis will not end within 2 years
Reuters
BERLIN, July 15 (Reuters) - The head of the European Investment Bank (EIB) said on Sunday he did not expect the eurozone to emerge from its debt crisis within the next two years.The pressure on member.

Eurozone rescue without growth means Finland could be first to leave
Telegraph.co.uk
The essence of the eurozone's financial problem lies in the discrepancy between northern and southern members. So why don't they just integrate their finances? Because that would mean the northern countries taking their share of the debts incurred by ...

Telegraph.co.uk

Euro zone crisis: North vs South
Deccan Herald
The aim is to save 65 billion euros over two-and-a-half years. The measures will test further the patience of the Spanish people. They will have watched how begrudgingly other eurozone nations agreed to a first tranche of bailout money for the Spanish ...

EIB head: euro-zone crisis will not end within two years
ForexLive (blog)
EIB head: euro-zone crisis will not end within two years. By Gerry Davies || July 15, 2012 at 10:18 GMT. || 5 comments || Add comment · Hard to disagree with the fella. Share and Enjoy: RSS · Facebook · Twitter · LinkedIn · email · Print; Add to ...

Euro crisis crimps travel for business
Cherry Hill Courier Post
U.S. companies are scaling back their travel plans in response to Europe's financial crisis and uncertainty about the economy at home.

Colm McCarthy: The eurozone is still at risk and we need to get our house in order
Irish Independent
The odds on the eurozone's survival as a viable currency union, without a few small peripheral adherents, were always high: who needs Greece, Portugal, or indeed Ireland?

Katainen defends Finland's eurozone membership
YLE News
Prime Minister Jyrki Katainen says the euro and Finland remaining within the common currency zone is an incomparable alternative for Finland. His comment came in an article published in Sunday's edition of the newspaper Savon Sanomat. In response, the ...

How To Pick A Mutual Fund In A Troubled Market
San Francisco Chronicle
How To Pick A Mutual Fund In A Troubled Market If professional investors can't figure out theeurozone, how is the part-time or amateur investor going to make any sense of the current state of the markets? With as much as 30 years before you take money ...

Eurozone's health forecast to get worse, then a little better
Times of Malta
The disparity between the eurozone's north and south poles has widened however, and growth will be inconsistent. Some countries will avoid recession this year and head for some growth in 2013, but there will be no growth for the periphery countries ...

John Mauldin EuroCrisis Update
Live Trading News
For the last year I have been writing that it is not clear that Europe (with the probable exception of Greece) will in fact break up. The forces that would see.

Live Trading News

Greek Youth Deciding To Stay Or Go Amid Financial Crisis
WIBW
In Greec, the young professional class will help shape their country's future. Together, they must decide if they are willing to live through -- and help alleviate -- Greece's pain.

Merkel sees German parlt backing Spanish bank aid
Reuters
Merkel's government needs a green light from the Bundestag before Finance Minister Wolfgang Schaeuble can commit at a meeting of euro zone finance ministers on Friday to pay out Germany's share of the bailout. "We always get the majority we need," ...

Merkel sees German parliament backing Spanish bank aid
Chicago Tribune
Euro zone finance ministers agreed last Monday on a rescue package of up to 100 billion euros for Spanish banks, which have been crippled by a burst housing bubble. Merkel's government needs a green light from the Bundestag before Finance Minister ...

Citigroup CEO Vikram Pandit: It's about getting back to the basics of banking
Telegraph.co.uk
Having become chief executive of Citi in 2008 as the financial crisis tore at Citi's very fabric – saved only by a $20bn (£12.8bn) government bailout and US taxpayers taking a 34pc stake in addition - Pandit has been in a race against time to ...

Telegraph.co.uk

States could avoid liability for banks under new ESM: Regling
Reuters
BERLIN (Reuters) - Governments will not be liable for emergency loans given direct to banks if plans for pan-European banking supervision are implemented, the head of the euro zone's bailout fund, Klaus.

Why the euro-zone deal won't work
Business Mirror
The online version of the Philippines' leading business newspaper features virtually all the stories and statistical data available in the print edition.

Business Mirror

Developed or developing? Try merging markets
Firstpost
Although Greece remains a member of the euro zone, multiple credit rating downgrades, a debt restructuring, shrinking stock prices and the persistent risk it will be forced to exit the bloc and sharply devalue its currency have given it a risk profile ...

Firstpost

Global Economy Weekahead: World watches Bernanke as Ben eyes euro
Reuters
After Italy successfully navigated a bond auction on Friday despite a two-notch credit rating downgrade from Moody's Investors Service, the next such financial test of the euro zone comes on Thursday when Spain is due to tap the bond market. Thanks to ...

DPM Kittiratt: Eurozone crisis fallout poses no significant impact on Thailand
Pattaya Mail
BANGKOK, 14 July 2012 – The deputy prime minister in charge of economic affairs has reassured the public that the Eurozone debt crisis has not posed...

Tough summer ahead for markets: analysts forecast
Al-Arabiya
Despite making progress, the eurozone debt crisis remains unsolved and, in a repeat of last summer, could still bring nasty surprises to global stock markets in July and August, analysts said. In measuring up the coming summer weeks, “market sentiment...

Al-Arabiya

Thoughts From The Frontline: The Beginning Of The Endgame
Seeking Alpha
The eurozone part of Europe is well on its way to becoming an economic basket case. Much of the continent is on its way to a true (deflationary) depression. The United Kingdom is going to be growth-challenged at best for the rest of the decade; but ...

The Euro In Crisis Part 3: The Macedonian Captivity
Blogcritics.org (blog)
If one had to trace the origin of Europe's sovereign debt contagion, there's a strong case for Greece as its index patient. Granted, Greece was not the first nation in the Eurozone to experience hightened levels of unemployment, a sharp contraction in ...

EBA chief plots path to banking union
Financial Times
The EBA, only in existence since the start of last year, is already facing a structural overhaul as a result of the eurozone crisis and the recent agreement of single currency countries to create a “Banking Union,” pooling the region's deposit ...

PM Najib confident Malaysia will be protected from euro zone crisis
AsiaOne
KUALA LUMPUR - The Prime Minister on Saturday expressed his confidence that Malaysia would be protected from the effects of the European Union's debt crisis. Datuk Seri Najib Tun Razak attributed his confidence to Malaysia's fundamentally stable ...

AsiaOne

Indefatigable Ms Merkel
Hindu Business Line
“People trust her with the handling of the German position in the Euro Zone crisis and they want her to continue to defend the German agenda of structural reform for Europe,” says Mr Carsten Nickel, a Germany expert at the Eurasia Group. There has been ...

The eurosceptics have the best lines again
Financial Times
There are eerie parallels between the euro debates in the UK in the late 1990s and in the northerneurozone today. Back then, the anti-euro campaigners in the UK highlighted the shortcomings in the construction of the eurozone – an analysis that.

German economists see Eurozone in liquidity trap
Live Trading News
German economists see Eurozone in liquidity trap Statistics released by the European Central Bank (ECB) indicated that the eurozone is in a liquidity trap,

Citi CEO rejects UK bank reform: report
Reuters
World Home · U.S. · Brazil · China · Euro Zone · Japan · Mexico · Russia · India Insight · World Video · Reuters Investigates · Decoder · Politics · Politics Home · Election 2012 · Campaign Polling · Tales from the Trail · Political Punchlines ...

Is Europe ready to give up national autonomy for the sake of the euro?
The Guardian
The call for more pooling of sovereignty to deal with the euro crisis is basically a call for closer integration to deal with the problems caused by closer integration. Has anyone ever made, or is anyone capable of making, an argument for closer ...

The Guardian

EIB head: euro zone crisis will not end within 2 years – Reuters | The ...
By Newswires
EIB head: euro zone crisis will not end within 2 yearsReutersBERLIN, July 15 (Reuters) - The head of the EuropeanInvestment Bank (EIB) said on Sunday he di...
The Wall Street Examiner

Watch out if a strong economy like Finland leaves the euro zone ...
By Patrick McFadden
When it comes to Europe, the real market risk is that a strong country like Finland leaves rather than a weak economy.
Covestor

Euro zone in very dangerous situation Finnish premier - YAHOO! by ...
By bedlozamov
HELSINKI Reuters – The euro zone is in its most dangerous situation in more than two years, Finnish Prime Minister Jyrki Katainen was quoted as saying on Wednesday. This situation is dangerous, very dangerous, Kataine...
My Blog by bedlozamov | English,...

What's Up Finland? English | President Niinistö on the Euro Crisis ...
By M. Korhonen
President Niinistö on the Euro Crisis: “Let's print more money!” President Sauli Niinistö believes that increasing the amount of cash in Europe would be a way to solve the economic crisis, YLE reports. “I see this European problem as more of a ...
What's Up Finland? English

European financial crisis drags down business travel
By Scott Mayerowitz
NEW YORK — U.S. companies are scaling back their travel plans in response to Europe's financial crisis and uncertainty about the economy at home.
journal-news.com - Business

PA Financial Crisis: Gaza is not the problem and full transparency is ...
By admin
The Palestinian Authority (PA) is suffering a stifling financial crisis represented in delaying paying the salaries of PA's employees. Many officials accused Gaza to be the reason for the crises as if they wanted to suggest unilateral separation ...
Palthink for Strategic Studies

NewsDaily: Merkel sees German parliament backing Spanish bank aid
By Michelle Martin
A small minority of lawmakers from Merkel's centre-right coalition voted recently against the euro zone's new bailout fund and new budget rules, highlighting the growing unease in Germany about the costs of supporting weaker members of the ...
NewsDaily: Business Headlines

TV Movie Highlight of the Week: Contagion
TV Movie Highlight of the Week: Contagion. ... Contagion © Warner Bros. This week, the star-studded Steven Soderbergh thriller Contagion makes its TV debut, airing on Saturday, July 21, at 8:00 PM ET/PT on HBO. Join me on Facebook ...
About.com Horror & Suspense

“Trade-Off”: A Study In Global Systemic Collapse | RevolutionRadio ...
By Paul Martin
To wit: “Something sets off an interrelated Eurozone crisis and banking crisis, a Spanish default say, which spreads panic and fear across other vulnerable Eurozone countries. This sets off a Minsky moment when overleveraged speculators in ...
RevolutionRadio.org

Asean and new markets to cushion impact of slump in exports to ...
Asean and new markets to cushion impact of slump in exports to euro zone, says Kittiratt. Electronics, jewellery, and garments are among the major Thai export industries currently hit by theeuro-zone crisis, but the growing Asean and other...
NationMultimedia.com - Business

Tough summer ahead for markets, analysts forecast | The Raw Story
By Agence France-Presse
PARIS — Despite making progress, the eurozone debt crisis remains unsolved and, in a repeat of last summer, could still bring nasty surprises to global stock markets in July and August, analysts said. In measuring up the coming summer ...
The Raw Story

EIB head: Euro zone crisis will not end within 2 years | Firstpost
By fwire
BERLIN (Reuters) - The head of the European Investment Bank (EIB) said on Sunday he did not expect the euro zone to emerge from its debt crisis within the next two years.
Firstpost

EIB head: Euro zone crisis will not end within 2 years | Breaking ...
By NewsWatch
WASHINGTON (Reuters) - The U.S. Justice Department is building criminal cases against several financial institutions and their employees related to the man...
Breaking News Today

German court must decide on rescue fund by Sept
By nordicjobboard
BERLIN (Reuters) – Eurogroup head Jean-Claude Juncker does not expect Germany's top court to block the new version of the euro zone's ESM bailout fund and believes judges are aware of the need for a verdict before a new round of crisis ...
The Nordic Job Board

Katz: Lessons of the European Fiscal Crisis - TheStreet
Much of the reason for the current whipsaw movement is attributable to the start/ stop, forward/back, and reward/punishment machinations of the eurozone's ...
www.thestreet.com/.../katz-lessons-of-the-european-fiscal-crisi...

Euro-Zone Banks Cut Back Lending
Wall Street Journal
Spanish banks' borrowing from the European Central Bank rose at the fastest pace in three months to a record in June, as the country's lenders experienced increased stress in the weeks leading up to the announcement of a €100 billion ($122 billion ...

Euro Zone Crisis: China's GDP, Bank Fraud and Muscadet
Care2.com (blog)
Despite less than stellar news, European markets closed a week in which the euro fell to new lots on a positive note with all stock indices up.

Greek funding hangs on troika mission - official
Reuters
BRUSSELS (Reuters) - It is too early to say how Greece will meet its financing needs and discussions can only begin once a lenders' mission returns to Athens, two EU officials said on Saturday, but a senior.

German court must decide on rescue fund by Sept: Juncker
Chicago Tribune
BERLIN (Reuters) - Eurogroup head Jean-Claude Juncker does not expect Germany's top court to block the new version of the euro zone's ESM bailout fund and believes judges are aware of the need for a verdict before a new round of crisis meetings in ...

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