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

Saturday, July 28, 2012

Germany and France determined to protect eurozone

Germany, France: determined to protect eurozone
San Francisco Chronicle
FILE - In this May 15, 2012 file photo, German Chancellor Angela Merkel, left, talks to new French President Francois Hollande in Berlin. Merkel and Hollande said in a joint statement issued by the German government Friday, July 27, 2012 that their countries ...

San Francisco Chronicle

German, French leaders say they're determined to protect the eurozone, but offer ...
Washington Post
“Germany and France are deeply committed to the integrity of the eurozone,” the two leaders said in their statement. “They are determined to do everything to protect the eurozone.” To achieve that, they added, eurozone members and European institutions ...

Merkel, Hollande vow to 'do everything to protect' the euro
Los Angeles Times
After a telephone conference, German Chancellor Angela Merkel and French President Francois Hollande issued a statement reiterating their countries' commitment to “the integrity of theEurozone,” the 17 nations that use the euro. But the two leaders offered ...

Bundesbank Maintains Opposition to ECB Bond Buying
Wall Street Journal
German Chancellor Angela Merkel and French President Francois Hollande stressed Friday that they will "do everything" to defend the euro zone and urged all European institutions to "fulfill their obligations," as reports in the French press suggested the ...

S&P stands firm on Britain's triple-A rating - Telegraph: "Although Chancellor George Osborne will welcome the confirmation of Britain's top rating, he faces pressure both to get the economy expanding again as he sticks to the government's deficit-reduction plan." 

America's growth slows as consumer spending cools - Telegraph: "America’s economy slowed in the second quarter as consumers chose to increase their savings in the face of a deteriorating jobs market."

FOREX-Euro rallies after Merkel, Hollande vow support
Reuters
NEW YORK, July 27 (Reuters) - The euro climbed to a three-week high against the dollar on Friday as German Chancellor Angela Merkel and French President Fran├žois Hollande spoke of their readiness to do anything to safeguard the euro zone. "Germany ...

Treasury Bonds Sell Off on Euro-Zone Hopes, US Data
Wall Street Journal
By Min Zeng. Treasury bonds suffered a broad selloff Friday as soothing words from several key policy makers in the euro zone encouraged investors to flock into stocks. Hopes of new policy actions rose after European Central Bank President Mario Draghi ...

US Stocks Surge on Report of Euro-Zone Plan
Wall Street Journal
European Central Bank President Mario Draghi is working to win over European policy makers on a plan to strengthen the euro zone's financial health, Bloomberg reported, citing two central-bank officials. The U.S. stock rally accelerated on the news, which ...

Dollar Slides Against Euro
Wall Street Journal
The Bundesbank on Friday said it remained opposed to any further bond purchases by the ECB but would be fine with purchases by the euro zone's rescue funds, Dow Jones Newswires reported. "If the better sentiment on the single currency is going to have ...

Germany, France Determined to do Everything to Protect The Euro Zone
Wall Street Journal
BERLIN--German Chancellor Angela Merkel and French President Francois Hollande on Friday pledged to do their utmost to protect the euro zone and said they were deeply committed to the integrity of the currency bloc. "Germany and France are deeply ...

Eurozone crisis live: Fresh hopes of ECB action cheer markets - as it happened
The Guardian
Speaking of Draghi...a story has hit the wires tonight that the ECB president will hold talks with Jens Weidmann (president of the Bundesbank) in the 'coming days' to hammer out a new raft of measures to address the crisis. According to Bloomberg News, ...

The Guardian

A novel take on the financial crisis - Fortune Features
By Fortune Editors
Fiction is sometimes better than fact. A review of A Fatal Debt, John Gapper's novelization of the fall of Wall Street. By Katie Benner, writer FORTUNE -- Few real-life events have produced as many villains, intriguing plot twists, and surprise ...
FORTUNE Features

Hitchhiker's guide to the intergalactic financial crisis | MacroScope
By Pedro da Costa
The opening passage of Hitchhiker's Guide to the Galaxy, Douglas Adams' cult book, is remarkably apropos for a world caught in seemingly perennial financial crises and turmoil.
MacroScope

JOHN TAYLOR: The Euro Crisis Is Only In The Second Or Third ...
By Matthew Boesler
Taylor said the world has only seen the "second or third inning" of the euro crisis because Europe is still only dealing with liquidity problems – not to mention the solvency problems and the "structural issues that are even beyond solvency" that ...
Business Insider

Euro Crisis Watch: Spain fire fighting on many levels | Video - Reuters
Euro Crisis Watch: Spain fire fighting on many levels (4:27). July 23 - As emergency workers tackle wild fires in Spain so investors are fighting fires on the ...
www.reuters.com/.../euro-crisis-watch-spain-fire-fighting-on?...

Greece back in euro zone spotlight | Video | Reuters.com
Greece has been thrust back into the euro zone spotlight, as the country prepares for international lenders to arrive in Athens. German politician, Alexander ...
www.reuters.com/video/.../greece-back-in-euro-zone-spotlight...

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