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

Thursday, August 23, 2012

Euro Zone Talks Revive Specter of Greek Exit

Euro Zone Talks Revive Specter of Greek Exit
New York Times (blog)
The tone has been set by fiscal hardliners in the 17-member currency zone who are showing increasing frustration at the pace of Athens's efforts to institute changes they say are needed to tackle the debt crisis and meet the terms of Greece's bailout.

New York Times (blog)

Debt crisis: Athens in 'last chance' to meet its bail-out terms says Jean Claude Juncker - Telegraph: "Greece has “one last chance” to meet its bail-out conditions, according to Jean Claude Juncker in comments that crushed hopes for an imminent change of strategy for Athens and the eurozone." 

China bubble in 'danger zone' warns Bank of Japan - Telegraph: "China risks a repeat of Japan’s boom-bust disaster 20 years ago as exorbitant property prices combine with a demographic tipping point, a top Japanese official has warned. . . . . China’s ratio will peak at around 2.7 over the next couple of years as the aging crunch arrives. It will then go into a sharp descent, compounded by the delayed effects of the one-child policy. “Not every bubble-bust episode leads to a financial crisis. However, if a demographic change, a property price bubble and a steep increase in loans coincide, then a financial crisis seems more likely,” he said in Sydney at a conference on asset booms. . . . "

Oil steadies on euro zone hopes, Mideast supports
Reuters
LONDON, Aug 22 (Reuters) - Oil hovered near $115 a barrel on Wednesday as investors held out hope that Europe would overcome its debt crisis while Middle East tension kept the potential for supply disruption in focus. Brent crude has recovered from a ...

The Definitive 'Game-Changer' in the Euro Zone?
CNBC.com
... of the markets (click here for more on the market reaction). If enacted — and don't forget the ECB has denied reports that it may do this — this could be the “ultimate game-changer in the euro zone debt crisis,” according to Stephen Major ...

CNBC.com

Japan trade deficit widens as EU exports plunge - Telegraph: "Japan posted a worse-than-expected trade deficit in July, as sagging export markets in Europe and Asia left alarm bells ringing over the precarious state of the global economy."

US Stock Futures Slip as Greece to Meet With Euro-Zone Leaders
Wall Street Journal
NEW YORK--U.S. stock futures fell as investor jitters over upcoming meetings between Greek andeuro-zone leaders and ahead of ahead the release of minutes to the last Federal Reserve meeting put the market on track for a third-consecutive decline.

Greece cracks down on illegal immigration amid financial crisis
Fox News
Greece launched an aggressive campaign this month to try to seal its 130-mile northeastern border, as it faces a debilitating financial crisis that has caused a swell in joblessness and a surge in racist attacks against immigrants with dark skin. The ...

Euro Zone Chief Arrives in Athens for Tough Talk
CNBC.com
... Wednesday, 22 Aug 2012 | 1:32 AM ET. Text Size. By: Reuters. Greek Prime Minister Antonis Samaras kicks off a European charm offensive on Wednesday with talks to persuade euro zone chief Jean-Claude Juncker that the debt-laden nation has the will ...

CNBC.com

Euro Zone situation much better than reported: EFSF chief
Business Line
Stating that at the macro level much has improved since the sovereign debt crisisbroke out five years ago following the fall of some leading American banks, he defended the concept of the euro and said both fiscal and current account deficits have ...

Business Line

What Caused the Financial Crisis of 2008?
Wall Street Pit
What caused the financial crisis of 2008? In my writings at RealMoney, I anticipated much of the crisis, though not all of it, and certainly not the severity of it. The prime cause of the financial crisiswas a buildup of private debt encouraged by the ...

Euro Crisis Hurts Chocolate Sales: How Sweet It Isn't
Care2.com (blog)
Risk from the ongoing debt crisis is cited as one reason the US could face a double-dip recession, the Standard & Poor's ratings agency said on Tuesday. S & P now says that the ... Euro Crisis:Euro Zone Facing Double-Dip Recession. Read more ...

Europe's debt crisis risks putting investment banks out of business ...
Europe's failure to resolve its sovereign-debt crisis will force investment-banking chiefs in the region to consider shuttering entire businesses rather than rely on piecemeal job reductions to revive profit.
FP Top Stories List

Call for Papers — AALS 2013 — “The Debt Crisis and the National ...
By profspencer
The AALS sections on Poverty Law and Clinical Legal Education will sponsor a joint program, The Debt Crisis and the National Response: Big Changes or Tinkering at the Edges?, Jan. 5, 2013, at the AALS Annual Meeting in New Orleans.
Washington and Lee Law Faculty...

Russian chemical weapons stockpile expiry: January 2013 — RT
By RT
Russia's chemical weapons currently resemble more of a threat than a savior to national security, with dangerous levels of aging stockpiles. Time is ticking to solve the problem, with a January 2013 deadline looming.
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Brent hovers near $115 on euro zone hopes, Mideast support - XE
Brent crude steadied near $115 a barrel on Wednesday, supported by hopes that European policymakers will act to resolve the region's debt crisis and by Middle East tensions that kept supply disruption concerns intact.
XE Forex News

ECB weighing shift to euro-zone bond buys: report - MarketWatch
ECB weighing shift to euro-zone bond buys: report ... report earnings, and investors will watch a meeting of euro-zone leaders for the next steps in the debt crisis.
www.marketwatch.com/.../ecb-weighing-shift-to-euro-zone-bo...

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