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

Thursday, August 9, 2012

Eurocrisis driving France and Germany into recession

Fears are rising that euro crisis threatens region's biggest economies - Telegraph: "New figures are fanning concerns that the eurozone debt crisis is driving its powerhouse economies, France and Germany, into recession."

Monti takes off gloves in euro zone fight
ROME (Reuters) - 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 paymaster Germany in a way unthinkable a few months back. His change of attitude ...

Euro zone doubts spur demand at German bond sale
LONDON/BERLIN (Reuters) - Investors snapped up safe-haven German 10-year bonds at auction on Wednesday, reflecting uncertainty over policymakers' latest plans to get to grip with the three-year old euro zone debt crisis. A sharp fall in Bund prices since ...

Euro Crisis Loosens Unions' Influence on Pay
Wall Street Journal
Laws that dilute the influence of labor unions have crept across the crisis-hit periphery of the euro zone over the past two years, pushed by the European Union, the European Central Bank and the International Monetary Fund. The goal is to remedy what ...

European shares retreat as euro zone doubts creep back
LONDON, Aug 8 (Reuters) - European shares inched lower on Wednesday, falling back from more than four-month highs hit in the previous session, with some investors doubtful euro zonepolicymakers were really any nearer to resolving the region's debt crisis. European stocks have ...The BoE sharply cut its forecast for medium-term economic growth on Wednesday due to worries that factors that have weighed on the British economy since the financial crisis may be more long-lasting than first thought. On Tuesday ...

Europe's leading economies warn on growth as debt crisis spreads
Washington Post
LONDON — Europe's biggest economies are showing increasing signs of weakness, a sign that the struggles of their heavily-indebted neighbors are spreading across the region. The central banks of France and Britain, Europe's second- and third-largest ...

Squeezed by debt crisis, Greeks ditch cars for bikes
4:31pm IST. Squeezed by debt crisis, Greeks ditch cars for bikes. Tweet · Link this · Share this; By Karolina Tagaris ATHENS (Reuters) - Greece's dire economic plight has forced thousands of businesses to close, thrown one in five out of work and eroded the ...

Debt crisis: as it happened - August 8, 2012
Related Articles. Fears are rising that euro crisis threatens region's biggest economies. 08 Aug 2012 .... 13.50 Former ECB governing council member Lorenzo Bini-Smaghi has called for a solution that would "fix" the sovereign debt crisis. He wrote in today's ...


Debt Crisis Hits German Industrial Output in June
Industrial output in Germany declined in June, as the debt crisis increasingly makes itself felt on Europe's biggest economy, official data showed on Wednesday. Industrial production declined 0.9% in June compared with May, the economy ministry said.

MAP: The Euro Crisis Impact On The World Economy - Business ...
By Max Nisen
If there's one thing he's learned from the financial crisis, it's that nothing is as safe as it looks in an increasingly interconnected world. From the note: "Powerful global forces have heightened uncertainty, raised the riskiness of almost all asset ...

Forex Flash: Negative rates in several European countries reflects ...
Forex Flash: Negative rates in several European countries reflects fear of euro zone disintegration - BBH. From: FXstreet.com: Latest News - 9:34am - August 8, 2012. FXstreet.com (Córdoba) - The negative interest rates in several European ...

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