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

Friday, September 28, 2012

Spain PM Rajoy's New Austerity Plan for Spain

Spain PM Rajoy's New Austerity Plan for Spain

Spanish rescue may throw crisis spotlight on Italy
LONDON (Reuters) - Italian government bonds risk being thrown back into the spotlight of the euro zone debt crisis once Spain decides to request aid and secures central bank support for its debt. A partial bailout for Madrid would probably trigger the ...

Spain must leave the euro - Telegraph: "Mario Draghi's promise to do “whatever it takes” to save the euro never did look like inducing any more than a temporary lull in the storm; still less did the German Constitutional Court’s thumbs up to the European bail-out fund and the trouncing that eurosceptic parties received in the Dutch election."

Onus on Euro-zone States to Solve Crisis, Says Buba
Wall Street Journal
Mr. Weidmann also said Wednesday that he opposed the ECB's involvement in a possible Greek bailout. "First and foremost, the solution to the euro-area debt crisis lies with the member states," said Mr. Dombret, who is responsible for financial ...

Euro recovers from two-week lows, buoyed by Spanish budget
The euro rallied from two-week lows against the dollar and yen on Thursday after Spain unveiled a 2013 budget viewed as a step in the right direction, easing worries that the region's debt crisis was worsening. Spain, the euro zone's fourth largest ...

Debt crisis: Spanish budget - as it happened, September 27, 2012 - Telegraph: "Spain announces more austerity measures in its 2013 budget in a bid to avoid a full sovereign bail-out, as the government agrees to tap €3bn from a reserve fund to pay pensions next year."

Copper rises on China demand hopes, euro zone a dampener
Gains in base metals were capped by worries about the euro zone debt crisis and uncertainty about a bailout for Spain. Spain will announce a series of economic reforms and a tight 2013 budget on Thursday, aiming to avoid the political humiliation of ...

Debt crisis: Francois Hollande to be tested as he unveils France's toughest Budget for 30 years - Telegraph: "President Francois Hollande faces a double test of confidence - by his electorate and the bondmarkets - as he unveils the toughest and most ambitious French Budget in three decades on Friday."

Spain's rising debt costs eat up austerity gains - Telegraph: "Spain has pushed through €40bn of fresh austerity measures in the teeth of recession, despite violent protests across the country and separatist crises in Catalonia and the Basque region that threaten to break the country apart."

Gold creeps higher; euro zone worries weigh
SINGAPORE (Reuters) - Gold edged up on Thursday after three days of losses, but anxiety over theeuro zone debt crisis continues to weigh on the market, as it has lifted the dollar and weakened oil prices. FUNDAMENTALS. Spot gold edged up 0.1 percent ...

UPDATE 1-Euro zone confidence falls in Sept, inflation expectations rise
By Jan Strupczewski. BRUSSELS, Sept 27 (Reuters) - Euro zone economic sentiment defied expectations of stabilisation and again fell sharply in September, underlining the economic gloom brought on by the sovereign debt crisis as the euro zone sinks into ...

ECB's Weidmann Says Banking Union Can't Cover Legacy Debts
San Francisco Chronicle
Weidmann's comments come after finance chiefs from Germany, the Netherlands and Finland said this week that direct recapitalization of banks by the euro area's permanent bailout fund should be a last resort and that legacy debts should remain the ...

FOREX-Euro recovers from two-week lows, buoyed by Spanish budget
Greece's international lenders are at loggerheads over how to respond to its debt crisis, threatening more trouble for the euro in the coming weeks. A Moody's review of Spain's ratings is also expected this week. A cut could take the country below ...

Brent steady above $110 on supply woes, euro crisis caps gains
SINGAPORE (Reuters) - Brent futures held steady above $110 on Thursday on renewed worries over supply disruptions from the Middle East, while the escalating debt crisis in the euro zone reinforced concerns about demand and capped gains. Uncertainty ...

Nikkei set to drop as euro zone fear rears again
"There are growing concerns that the euro zone debt crisis is worsening again," said Masayuki Doshida, senior market analyst at Rakuten Securities. "The ECB's plan to buy bonds was an excellent one but it will be completely meaningless if they don't ...

FACTBOX-Euro zone debt crisis: upcoming events - Yahoo! News ...
'FACTBOX-Euro zone debt crisis: upcoming events' on Yahoo! News Maktoob. Sept 27 (Reuters) - Following are forthcoming events relatedto the debt crisis in ...

NewsDaily: Euro zone confidence falls in September, inflation ...
Euro zone economic sentiment defied expectations of stabilization and again fell ... the economic gloom brought on by the sovereign debt crisis as the euro zone ...

Gold falls on euro zone fears, options expiration - Business - Stocks ...
... YORK (Reuters) - Gold edged lower after choppy trade on Tuesday, on selling related to an option expiration and renewed fears about the euro zone debt crisis.

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