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

Saturday, September 29, 2012

France unveils tough budget, Spain's Rajoy wins time

France unveils tough budget, Spain's Rajoy wins time
Chicago Tribune
Socialist President Francois Hollande's 2013 budget amounts to France's toughest belt-tightening for 30 years as the debt crisis takes its toll on the euro zone. Related; France unveils tough budget, Spain's Rajoy wins time · French President Francois ...


Bloomberg LP Senior Economist Joe Brusuelas and New York University's Ann Lee speak with Bloomberg's Matt Miller about the concerns that keep them up at night as investors. They speak on Bloomberg Television's "Bloomberg Rewind." (Source: Bloomberg)


Randy Warren, chief investment officer at Warren Financial Services, talks with Bloomberg's Scarlet Fu about results of Spanish bank stress tests and investors seeking the safety of U.S. Treasuries. He speaks on Bloomberg Television's "Lunch Money."

Euro Zone Has Stream Of Positive News -Irish Finance Minister
Wall Street Journal
DUBLIN--Irish Finance Minister Michael Noonan said that a stream of positive news is emerging on the euro-zone debt crisis, including hopes that loan losses in Spain's banks to be published later Friday will be lower than some "pessimistic" estimates.

Investment Banking Fee Income Falls To Financial Crisis Levels On Europe Woes
Huffington Post
LONDON, Sept 28 (Reuters) - Global investment banking fees in the third quarter fell to their lowest since early 2009, according to data from Thomson Reuters and Freeman Consulting, as the euro zone debt crisis continued to unsettle markets and disrupt ...

ECB Plans Spur Bumper Month of Euro Corporate Bond Sales
Wall Street Journal (blog)
Companies selling bonds in euros clocked up the second highest month of new issuance in September after the European Central Bank set out plans to stave off aeuro-zone collapse. Corporate borrowers outside the financial ... Funding costs for Europe's ...

Wall Street Journal (blog)

Former Merkel Minister Chosen to Oppose Her
Wall Street Journal
Mr. Steinbr├╝ck's appeal with non-SPD voters comes from the credibility he earned fighting the financial crisis as Ms. Merkel's finance minister. He is the author of Germany's debt-brake, the central instrument in Ms. Merkel's fiscal pact to align euro...

Wall Street Journal

Energy fuels euro inflation but ECB rate cut still on
Reuters
Inflation fell steadily from 3 percent in November 2011 to stabilize at 2.4 percent in May, June and July, as the euro zone economy slowed sharply as a result of the sovereign debt crisis. But it rose again for the first time in 11 months in August due ...

US Stock Futures Fall on Worries Over Euro-Zone Economy, Debt
Wall Street Journal
NEW YORK--U.S. stock futures traded lower, with concerns over the euro-zone economy and sovereign debt issues putting the market on track to end a strong month and quarter on a sour note. About 90 minutes ahead of the open, Dow Jones Industrial ... In ...

Italy's south heading for economic meltdown - Telegraph: "Italy's blighted south is heading for social and economic meltdown as a result of job losses, a massive exodus of people and "industrial desertification", according to an alarming new report."

French budget and Spanish bank stress tests: as it happened, September 28, 2012 - Telegraph: "Spain has revealed that it needs almost €60bn to shore up its battered banking sector, as France's 2013 budget shows that a new 75pc tax rate will raise just €200m in extra revenue next year."

Copper gains on Spain relief, ends quarter up 7 percent
Reuters
LONDON (Reuters) - Copper rose on Friday, gaining 7 percent this quarter, after debt-laden Spain unveiled a budget that reassured investors the euro zone crisis had inched closer to resolution. Spain's detailed timetable for economic reforms and ...

Will the Euro Zone's Bailout Firepower Ever Be Enough? - EU - CNBC
The ESM is one of the key tenets of euro zone leaders' attempts to fight the debt crisis which threatens to spread its tentacles ever further. It's expected to come ...
www.cnbc.com/.../Will_the_Euro_Zone_s_Bailout_Firepower...

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