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

Wednesday, September 12, 2012

German Constitutional Court to Rule on ESM

German Constitutional Court to Rule on ESM
Wall Street Journal
THE EVENT: Germany's Federal Constitutional Court in Karlsruhe will rule Wednesday at 0800 GMT on whether the European Stability Mechanism - the euro zone's permanent bailout fund aimed at stemming the sovereign debt crisis - and the fiscal pact on ...

Latvia Remains Keen on Euro
Wall Street Journal
Latvia is undeterred by the euro zone's sovereign-debt crisis and intends to adopt the common currency in a little over a year, Prime Minister Valdis Dombrovskis said. The currency's future was thrown into question after Greece, Ireland and Portugal ...

Wall Street Journal

ECB afterglow fails to thaw interbank lending
Reuters
But, hit first by the 2008 global financial meltdown and then by the euro zone sovereign debt crisis, credit lines have steadily dried up to all but the region's most secure banks - hampering economic activity and reflecting the extreme caution ...

Europe's crisis not over, faith in euro needed: IMF
Reuters
TIANJIN, China (Reuters) - The euro zone debt crisis still has a long way to go before it ends and Europe needs to keep faith in the single currency, International Monetary Fund deputy managing director Zhu Min said on Tuesday. "Overall I would say ...

Dutch Election: Party Profiles
Wall Street Journal (blog)
State debt: A budget deficit of below 3% of gross domestic product in 2013 and a balanced budget in 2017. After that, reduce national debt as soon as possible. ... Mr. Samsom favors a less rigid focus on austerity and believes that greater European ...

Wall Street Journal (blog)

Spanish, Italian Banks Rush to Sell Debt
Wall Street Journal
Issuance of senior unsecured bonds—a former cornerstone of long-term bank funding—has dropped sharply over the last 12 months as concerns about the euro-zone crisis made it prohibitively expensive for many banks in Europe's weakest economies to sell ...

Europe's Crisis Not Over, Faith in Euro Needed -IMF
CNBC.com
Europe's debt crisis has festered for more than three years, and investors widely expect the 17-member euro zone economy to slide into recession in 2012 as a result of the failure to solve the crisis and engineer a recovery. A second European recession...

CNBC.com

German finmin upbeat on economy in budget debate
Reuters
Schaeuble, from Merkel's centre-right Christian Democrats, reiterated that the onus in the euro zone crisis was for vulnerable states to correct the mistakes of the past, rather than pooling debt or "casually" turning to the central bank's printing ...

GLOBAL MARKETS-Global shares slide, ESM ruling pledge lifts euro
Reuters
Speaking in China, International Monetary Fund deputy managing director Zhu Min warned that despite the recent positive step by the ECB the euro zone debt crisis still had a long way to run. "Overall I would say the crisis is not over. We are still in ...

Eurozone crisis: ECB overrules German opposition to introduce ...
Eurozone crisis: ECB introduces unlimited bond-buying programme .... Big day in Europe's debt crisis as the European Central Bank's governing council gathers ...

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