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

Wednesday, August 15, 2012

Euro Zone Economy Shrinks, Darkening Outlook

Euro Zone Economy Shrinks, Darkening Outlook
Wall Street Journal
The euro zone's two largest economies avoided shrinking between April and June, but the resilience of Germany and France wasn't enough to prevent the currency bloc's economy as a whole from falling back into contraction. Dow Jones's Jenny Paris ...

Wall Street Journal

Debt crisis: Mariano Rajoy remains tight-lipped on Spanish bail-out - Telegraph: "Spanish prime minister Mariano Rajoy has remained tight-lipped on whether he will make a formal request for a bail-out, as Olli Rehn indicated the ECB and EU were ready to shore up the eurozone."

Euro-Zone Auctions Highlight North-South Divide
Wall Street Journal
Italian economy minister Vittorio Grilli said in a newspaper interview published Sunday that Italy doesn't need to tap euro-zone rescue funds, as action by the ECB could be enough to ease the tension on the euro-zone sovereign bond market. At the safer ...

Euro zone economy shrinks despite German growth
Reuters
BRUSSELS/BERLIN (Reuters) - The euro zone's debt-ravaged economy shrank in the second quarter, having flatlined in the first, despite continued German growth which economists said could soon be snuffed out. The 17-nation currency ... Economists said ...

Euro Crisis Watch: GDP slowdown a wakeup call for Berlin?
Reuters
Published on Aug 13, 2012 by ReutersVideo. Aug. 13 - Any weakness in tomorrow's German GDP could be good news for the euro zone if it persuades Berlin to relent on its push for austerity in the region, says Schroders Chief Economist Keith Wade.

'Economic suicides' shake Europe as financial crisis takes toll on mental health
Washington Post
Although the euro crisis is in its third year, you may still be wondering how European governments got into this sticky situation in the first place. If news of ... As the financial crisis in Europe enters its third year, medical experts, public health ...

Aussie falls as euro-zone stimulus hopes wane
MarketWatch
SAN FRANCISCO (MarketWatch) – The Australian dollar fell Monday against the U.S. dollar, after rising for more than four weeks, as investors trimmed expectations of new stimulus for the euro zone. The Australian dollar (US:AUDUSD), or aussie, fell 0.5% ...

Euro crisis welcomes Merkel back from holiday
New Zealand Herald
German Chancellor Angela Merkel returned from holiday yesterday to face a dramatically deepeningeuro crisis and threats from her senior ministers that Germany would veto the next Greek aid package at the start of what was billed as the most decisive ...

Shares, euro gain ahead of US, euro zone data
CNBC.com
TOKYO (Reuters) - Asian shares rose on Tuesday as investors hunted for bargains while waiting for more economic figures from Europe and the United States later in the day, after recent data showed the euro zone's debt woes were eroding business ...

Euro zone output expected to shrink in Q2
Reuters
The euro zone's output stabilised in the first quarter, but a decline in the second quarter would put the region on course for a recession if output in the current, third, quarter also shrinks. "We think that the stabilisation in the first quarter was ...

Financial crisis cultivates identity crisis
Financial Times
Meantime, eurozone politicians have done their best in tackling the sovereign debt crisis to make Japanese politicians look decisive, while eurozone regulators have imposed wretchedly unstressful stress tests on undercapitalised banks. There are ...

The European Debt Crisis and the Dollar Funding Gap | EUROPP
By Blog Admin
Against the backdrop of the ongoing debt crisis in Europe, the difficulties faced by European banks in borrowing U.S. dollars have attracted increased attention. The inability to borrow dollars has been partially ... Indeed, the euro-dollar premium was close to zero before the start of the financial crisis in August 2007, but it has become persistently positive since then, with the highest levels coming at times of the most financial stress. For example, the euro-dollar premium exceeded 200 ...
EUROPP

Forex - USD/CHF trims losses after euro zone data By Forexpros
By Forexpros
Forexpros - The U.S. dollar trimmed losses against the Swiss franc on Tuesday, as market softened following data showing that the euro zone economy contracted in the second quarter and German economic sentiment deteriorated. USD/CHF ...
Forex Pros RSS News Feed | Forex News

Justice Department drops Goldman financial crisis probe | Reuters
The decision not to prosecute Goldman, a firm held up by critics as a symbol of Wall Street greed during the 2007-2009 financial crisis, highlights the difficulty in ...
www.reuters.com/.../us-usa-goldman-no-charges-idUSBRE878...

Financial crisis, five years on: animation | Business ... - The Guardian
Financial crisis, five years on: animation. Five years on from the ... White House urges Europe ...
www.guardian.co.uk/business/.../financial-crisis-credit-crunch

Financial crisis, five years on: readers' stories | Business | guardian ...
Five years on from the start of start of the financial crisis, readers tell how the recession and credit crunch have affected their lives.
www.guardian.co.uk/.../financial-crisis-five-years-on-readers

Monti Takes Off Gloves in Euro Zone Fight — Business News - CNBC
Italian Prime Minister Mario Monti has taken the gloves off in his fight to save Italy from disaster in the euro zone debt crisis, daring to stand up to European ...
www.cnbc.com/.../Monti_Takes_Off_Gloves_in_Euro_Zone_...

Deepening Euro crisis could force Britain out of the EU for ever, says ...
Japanese giant Nomura said the UK government could be forced to set a date for an in-out referendum as soon as the autumn as the single currency bloc ...
www.dailymail.co.uk/.../Deepening-Euro-crisis-force-Britain-...

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