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

Tuesday, October 23, 2012

EU faces two tough months of bargaining

EU faces two tough months of bargaining to boost euro confidence
Chicago Tribune
The European Central Bank's pledge to buy the bonds of struggling euro zone countries in unlimited amounts has changed the terms of Europe's debt crisis. Yet French President Francois Hollande may have been a little premature in declaring a turning ...

Debt crisis: as it happened - October 22, 2012 - Telegraph: "The eurozone and European Union's debt hit a high in 2011, according to Eurostat, but the deficit has decreased. However 17 members of the EU had public deficits higher than the 3pc permitted by EU law."

Euro zone cut fiscal deficit in 2011, debt up
Reuters
Eurostat said the aggregate budget deficit in the 17 countries using the euro fell to 4.1 percent of gross domestic product in 2011 from 6.2 percent in 2010 - the first year of the sovereign debt crisis.Euro zone public debt, however, rose to 87.3 ...

Global shares fall on corporate outlooks, euro gains
Reuters
NEW YORK (Reuters) - Global stocks fell on Monday on weak corporate results and outlooks, while the euro gained after a regional vote in Spain was seen as moving a solution to the euro zone debt crisis one step closer. U.S. stocks slipped after heavy ...

Fitch Owner Hopeful Euro Zone Will Survive Crisis -Report
Wall Street Journal
The euro zone will survive the current sovereign debt crisis even though sizeable risks still exist, the owner of ratings agency Fitch Ratings said in an interview with French daily Le Monde published Monday. Forming a single supervisor for the ...

Bundesbank: ECB actions delay adjustment process
MarketWatch
The ECB has launched a range of special measures during the debt crisis, including two massive allotments of three-year loans to banks and large-scale purchases of the bonds of strugglingeuro-zone governments. Given that level of central bank support ...

Germany Warns of Slowdown
Wall Street Journal
"Germany will see a significant economic slowdown in the last quarter of 2012," the Ministry said in its monthly report on Monday, blaming Germany's slow growth on the weak economies of euro-zonemember states as the cause. Both exports and industrial ...

Forex: Euro-zone crisis far from over; GDP to collapse 2.5% in 2013 - Capital ...
NASDAQ
FXstreet.com (San Francisco) - "In the euro-zone, the worst of the crisis is probably yet to come," states the Capital Economic's research team in a recent report. The forecast is dark for the area, "With politicians unable to accelerate progress ...

Weak Euro Hurts Copper Prices
AllAfrica.com
THE copper prices on the international market slipped on Friday, hurt by a weak euro on concerns about the euro zone debt crisis. Reuters reports that the prices of three-month copper on the London Metal Exchange (LME) traded at US$8,124 a tonne in ...

PM Cameron Parliment Address on Euro Zone | C-SPAN
Last Thursday and Friday, British Prime Minister Cameron and other European leaders met in Brussels to discuss the future of the euro zone but left with no firm solutions on solving the crisis. Monday, British Prime Minister delivered a report ...
C-SPAN Recent Events

Euro zone doesn't need Disziplin union | Hugo Dixon
By Hugo Dixon
The consensus among the euro zone political elite is that fiscal union is needed to complete thecrisis-ridden monetary union. There are two rival views of what this should consist of: a panoply of rules to prevent and punish irresponsible ...
Hugo Dixon

Euro zone cut fiscal deficit in 2011, debt up - Yahoo! Finance
Its debt inched higher to 120.7 percent from 119.2 percent. Portugal, already on a euro zone financial lifeline after being cut off from market borrowing, more than ...
finance.yahoo.com/.../euro-zone-cut-fiscal-deficit-090231492....

Euro-zone crisis far from over; GDP to collapse 2.5% in 2013 Alex ...
In the euro-zone, the worst of the crisis is probably yet to come,” states the Capital ... Debt CrisisEscalates · Greek Referendum Threatens New Euro Zone Crisis ...
www.infowars.com/euro-zone-crisis-far-from-over-gdp-to-col...

The euro-zone debt crisis - Britannica
The sovereign debt crisis that rocked the euro zone beginning in 2009 was the biggest challenge yet faced by the members of the EU and, in particular, ...
www.britannica.com/EBchecked/.../The-euro-zone-debt-crisis

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