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

Saturday, August 25, 2012

German finance ministry examines cost of Greek exit

Debt crisis: German finance ministry examines cost of Greek exit - Telegraph: "The German government is reportedly calculating the economic cost of a Greek exit from the eurozone, as Chancellor Angela Merkel prepares to meet Greece's prime minister in Berlin for talks on Friday." 

German Leader Says Greece Must Remain in Euro Zone
New York Times
The message was a clear signal to those Germans — including some members of her own government — who have argued that the easiest way to resolve Europe's sovereign debt crisis is for Greece to leave the euro zone. Volker Kauder, who leads Ms. Merkel ...

Analysts fear euro-zone capital flight might snowball
Washington Post
'Economic suicides' alarm Greece, Italy: Surveys by governments and nonprofits are showing an increase in mental health problems related to the financial crisis in Europe. Gallery. A for sale sign stands outside of a home in Princeton, Illinois ...

Euro Zone Worries
Inside Futures
Some of the selling is linked to the growing feeling that the European Union is not making much progress in their efforts to alleviate the financial crisis in the euro zone. Greece was told by the European Union that they must adhere to their ...

Debt crisis: Merkel says Greece will stay in the eurozone but traders fret over more delays - Telegraph: "ANGELA Merkel pledged to keep Greece in the eurozone - but her comments failed to convince traders who bet on yet more dangerous procrastination in Berlin and Brussels." 

Citi pulls funds from '$5bn man' John Paulson - Telegraph: "He is credited with earning the fastest $5bn (£3bn) ever made, but John Paulson, the American financier, now appears to be losing money from his famous hedge fund even faster."

Japanese Stocks Decline on US Jobs, Euro Crisis Concern
Businessweek
Japanese shares declined, with the Nikkei 225 Stock Average falling the most since July 25, after U.S. unemployment claims rose more than expected and concern intensified that European leaders are making little progress on the debt crisis. Nissan Motor ...

UK economy: double-dip recession not as deep as feared - Telegraph: "Britain's double-dip recession is not as deep as feared, after official GDP data showed on Friday that a fall in construction and industrial output in the second quarter was not as severe as first thought."

Wall Street dips, focus on euro zone
Reuters
NEW YORK (Reuters) - Stocks slipped on Friday after Chancellor Angela Merkel said Germany, as well as France, want Greece to stay in the euro zone but that Athens must meet its commitments. The S&P 500 dipped below 1,400 for the first time in two ...

U.S. Stocks Fall, Bonds Rise on Concern Over Europe Debt Crisis
San Francisco Chronicle
Aug. 23 (Bloomberg) -- U.S. stocks dropped amid concern European leaders weren't making sufficient progress in addressing the euro-area debt crisis. Gold rallied, the dollar fell to a two-month low and Treasury yields touched the lowest in more than a ...

Japan Stock Futures Drop Amid Europe Debt-Crisis Concern
Businessweek
Japanese and Australia stock futures fell amid concern that European leaders aren't making progress in solving the region's debt crisis, curbing the earnings outlook for exporters. Japan Tobacco Inc. (2914), Asia's largest listed cigarette maker by ...

Even The Eurozone Debt Crisis Gets A Vacation; But Not For Long (EWG, VGK ...
ETF Daily News (blog)
Martin Hutchinson: The Eurozone debt crisis has taken a late summer vacation. Since it would be very inconvenient for a disaster to erupt while everyone is on holiday, it doesn't. That's not to say this rule is infallible. One year, all the decision ...

ETF Daily News (blog)

Senseless Panic -- How The Financial Crisis Could Have Been Contained
Forbes
Senseless Panic -- How The Financial Crisis Could Have Been Contained. 0 comments, 0 called-out. + Comment now. + Comment now. The financial crash has generated a number of excellent books — Too Big to Fail, Chasing Alpha, Griftopia, All the Devils ...

Even the Eurozone Debt Crisis Gets a Vacation …But Not For Long ...
By Martin Hutchinson
The markets have taken a late summer break from the Eurozone debt crisis. ... Tags: Euro Bailout Plan, euro crisis, European bailout, European bond market, European Debt Crisis, eurozone bailout, eurozone crisis, eurozone debt crisis ...
Money Morning

PREVIEW-Data to reveal size of German scars from euro crisis - XE
A slew of data next week will show how badly Germany has been scarred by the euro zone crisis as its companies fear for key European export markets and the only vital support comes from consumers. ... Three years into the debt crisis, growth in Europe's largest economy slowed in the second quarter of 2012 to 0.3 percent and a string of increasingly gloomy data has even raised the possibility of a second-half contraction. The Ifo business climate index, Germany's most influential ...
XE Forex News

Euro Slips From Recent Highs On Profit Taking, EU Debt Crisis ...
By NYFP
08/24/12 The euro retreated from recent highs against the dollar Friday morning on sluggish progress in fixing Europe's debt crisis and investors taking profits. Subscribe by RSS · Email/Share Page · Tweet. Enter your E-mail address to ...
DailyMarkets.com

Euro zone headed for recession, China, U.S. struggle | Reuters
"Another reminder that a chronic lack of economic growth in the euro zone will continue to impede efforts to bring the debt crisis to an end," said Jonathan ...
www.reuters.com/.../us-economy-global-idUSBRE87M0OI20...

Weak euro zone casts long shadows - Yahoo! News
Business surveys this week are likely to show the euro zone economy ... drop in global economic sentiment as fear over the fallout of the euro crisis persists.
news.yahoo.com/weak-euro-zone-casts-long-shadows-190533...

Euro Zone: Euro Crisis Revving Up Again – Fasten Your Seatbelts ...
The markets have been starved of euro zone news for several weeks, but as politicians and traders return to their desks over the next couple of weeks, the crisis ...
www.cnbc.com/.../Euro_Crisis_Revving_Up_Again_Fasten_Y...

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