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Monday, August 27, 2012

Broken promises hinder euro zone's recovery

Broken promises hinder euro zone's recovery
Washington Post
The gap between what E.U. governments announce they will do about the region's two-year-old debt crisis and what they do in practice has been a big factor in continued skepticism among lending institutions that buy sovereign debt. That has helped ...

US Monetary Policy Since the Financial Crisis
Wall Street Pit
The Federal Reserve Bank of New York announced on Thursday that it had sold the last remaining securities from its Maiden Lane III portfolio, successfully closing the chapter on its assistance to insurance giant AIG. I thought this would be a good ...

German minister rejects more time for Greece
Huffington Post
On Sunday, she dodged questions on the subject during an interview with German public TV station ARD. Instead, she insisted that "we are at a crucial moment in the fight against the debt crisis and that's why I think we should all weigh our words ...

Debt crisis: ECB rescue plan could be "addictive like a drug", says Weidmann
Debt crisis: ECB rescue plan could be "addictive like a drug", says Weidmann. CENTRAL bank financing can be “addictive like a drug”, the president of the Bundesbank has warned, in comments that emphasize the ... Louise Armitstead ». In Financial Crisis ...

China gets creative as the cultural revolution grows - Telegraph: "On the banks of the Chu river in Wuhan, a giant 2.5bn yuan (£250m) theatre, shaped like a red Chinese lantern, is under construction."

Greek PM takes debt crisis talks to Paris
Samaras said he had assured the French president that Greece was determined to overcome the debt crisis and remain in the euro zone, which would show that Europe was capable of solving its problems. “Some are betting that Greece will not make it.


Greek PM in Paris debt crisis talks
Sky News Australia
Greece's prime minister is heading to Paris to try to win more time to pay back the nation's debts. Antonis Samaras was to meet French President Francois Hollande, a day after Germany's Chancellor Angela Merkel offered a ray of hope to Greece ...

Sky News Australia

Risks escalate on euro crisis
The Nation
Risks escalate on euro crisis. Therdsak Thaveeteeratham Senior vice president. Asia Plus Securities August 27, 2012 1:00 am ... The euro zone crisis returns to haunt the market, as Greece is close to needing a third tranche of financial help next month ...

Bundesbank Bank Chief Axel Weber: Bond Buying 'Like A Drug'
Huffington Post
FRANKFURT, Aug 26 (Reuters) - The head of Germany's Bundesbank stepped up his opposition to the European Central Bank's latest moves to battle the euro zone's debt crisis on Sunday, saying that plans to buy bonds risked becoming a drug on which ...

Econbrowser: U.S. monetary policy since the financial crisis
By James Hamilton
U.S. monetary policy since the financial crisis. The Federal Reserve Bank of New York announced on Thursday that it had sold the last remaining securities from its Maiden Lane III portfolio, successfully closing the chapter on its assistance to ...

Our opinion: Debt crisis looms; leaders needed
Dubuque Telegraph Herald
Our opinion: Debt crisis looms; leaders needed. Story · Comments. Print: Create a hardcopy of this page; Font Size: Default font size: Larger font size. More Information. where we stand It will take compromise to fix the debt crisis. Let's look for ...

French Leader Hails Greeks' 'Painful Efforts'
New York Times
By STEVEN ERLANGER. Published: August 25, 2012. PARIS — President François Hollande of France gave the new Greek prime minister some reassurance in a meeting here on Saturday, expressing his commitment to keeping Greece in the euro zone.

New York Times

In Euro Crisis, Fingers Can Point in All Directions
New York Times
The question of blame was in the air this week as Ms. Merkel, along with the French president, François Hollande, and other euro zone leaders confronted the likelihood that Greece will need more help than it has already received to avoid a chaotic exit ...

New York Times

Hollande Says Greece Must Stay in Euro Zone
Wall Street Journal
PARIS—French President François Hollande said Greece "must remain part of the euro zone" as the economically troubled country struggles to get its finances back in order, but said Greece must demonstrate that its recovery program is "credible".

Gilt Yields Drop Most in 12 Weeks on Stalled Growth, Euro Crisis
“The euro-zone and sovereign-debt issues will continue,” said Elisabeth Afseth, a fixed-income analyst at Investec Bank Plc in London. “Weak PMI data from the peripheral European countries exacerbates their problems. It pushes investors into the safe ...

CANADA FX DEBT-C$ firms on euro zone hopes, Fed in focus
C$ at C$0.9916 vs $US, or $1.0085 * Bond prices softer across curve * Fed meeting, Canadian GDP eyed next week By Solarina Ho TORONTO, Aug 24 (Reuters) - The Canadian dollar strengthened against the U.S. dollar on Friday, modestly reversing a ...

France's Hollande says Greece must remain in euro
Huffington Post
PARIS — French President Francois Hollande praised the Greek people on Saturday for making painful budget cuts, while urging them to do more to show their commitment to reforms to keep their country in the euro zone. "For me, the question should no ...

British Pound at Risk as Bernanke Disappoints, Euro Crisis Escalates
A bare-bones domestic economic calendar leaves the British Pound at the mercy of broader market themes, putting the spotlight on the evolving outlook for global economic growth and the festering Eurozone debt crisis. Sterling remains anchored to risk ...

Germans still positive on Ireland despite euro zone crisis
Irish Times
It appears a substantial majority of Germans have retained a positive view of Ireland despite the fact that they believe they are being asked to do too much for the euro zone. The other side of the equation is that a clear majority of Irish people have ...

America's Student Debt Crisis | Disinformation
By Breshvic
Student debt activists and education advocates Kyle McCarthy and Natalia Abrams are tired of the 'silence and complacency' that our elected (and duly bribed) officials exhibit in the face of overwhelming evidence of usury and millions of ...

Financial crisis destroys community | WCMessenger.com
By admin
Financial crisis destroys community. By Maritha Gan | Published Saturday, August 25, 2012. What is up with the insurance companies raising rates? Both my homeowner's insurance and my car insurance from two separate companies went up ...

Deteriorating euro crisis may slow China's economic growth | Firstpost
By hidden
A further deterioration in the eurozone debt crisis could slow China's economic growth, a team of economists said in a report. ... Deteriorating euro crisis may slow China's economic growth. 1 min ago · Follow @firstpostin · #China #Economy ...

George Soros' Speech On The Euro Crisis At Italy's Festival Of ...
By Sam Ro
George Soros speech on euro crisis at festival of economics in Trento Italy.
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