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

Tuesday, October 9, 2012

EU-IMF give Greece 10 days to 'implement' reforms

EU-IMF give Greece 10 days to 'implement' reforms - Telegraph: "Greece's international creditors on Monday gave Athens an October 18 deadline, the date of the next European Union summit, to "implement" reforms in exchange for fresh financial assistance."

7,000 police to protect Angela Merkel during Athens visit - Telegraph: "Greek police are preparing a huge security operation involving 7,000 officers, water cannon and a helicopter to protect German chancellor Angela Merkel during her visit to Athens tomorrow."

Euro Zone Debt Crisis: Verhofstadt seeks federal Europe
Loading... Published on Oct 8, 2012 by ReutersVideo. Oct. 8 - Former Belgian prime minister Guy Verhofstadt calls for a united and federal Europe as euro zone ministers launch a €500 bln permanent bailout fund to stave off the debt crisis facing the bloc.

Euro zone finance ministers meet to discuss Spain, Greece
LUXEMBOURG (Reuters) - Euro zone finance ministers gathered in Luxembourg on Monday to discuss Spain, Greece and other issues related to the region's debt crisis, including what needs to be done to establish a single supervisory authority for euro zone ...

Stocks, oil falter on view on China economy
Jitters over the euro zone debt crisis knocked the euro down from two-week highs as uncertainty about Spain persisted after euro zone finance ministers meeting in Luxembourg said the country did not yet need a bailout. The World Bank's downward ...

Debt crisis: as it happened - October 8, 2012 - Telegraph: "Greece is to put 7,000 police on patrol and ban protests in parts of Athens to minimise the hostile reception for Angela Merkel, the German Chancellor, when she makes her first visit to the city tomorrow."

US Stocks Open Lower on Euro-Zone, Asia Growth Worries
Wall Street Journal
NEW YORK--U.S. stocks fell Monday as weakness in overseas markets fueled investor anxiety over the euro zone's debt crisis and concerns about global economic growth. The Dow Jones Industrial Average declined 47 points, or 0.4%, to 13563 in the ...

OECD indicators suggest UK growth as eurozone slows - Telegraph: "The OECD's latest index of leading indicators suggests Britain's economy is picking up while the eurozone's is slowing further while Britain's economy is picking up."

Michael Page profit warning shows euro zone jobs pain
That included a 16 percent fall in the EMEA region, which excludes Britain, and drops of 22 percent in both Italy and Spain, the biggest countries engulfed in the debt crisis. The euro zone has endured around three years of financial turmoil, and while ...

EU Rehn: ESM Gives Us Flexible, Robust Instruments To Fight Crisis
Wall Street Journal
LUXEMBOURG--The formal establishment of the euro-zone's permanent bailout vehicle is a key moment in the region's struggle with its debt crisis, EU Monetary Affairs Commissioner Olli Rehn said Monday. Arriving for the inaugural meeting of the European ...

ECB to wind down covered bond purchase program: sources
The ECB introduced the 40 billion euro program last November but the overwhelming sense of fear created by the euro zone's debt crisis meant it had little of the positive impact the original round of purchases had back in 2009-10. It was also overtaken ...

Single euro zone budget gains momentum ahead of summit
Such a fundamental change to how the euro zone is administered would more than likely require a change to the EU treaty, a long, complex and divisive process. The treaty has already been tinkered with since the debt crisis began and there is a ...

EURO GOVT-Bunds rebound after slide, caution before euro zone finmins meet
But analysts said the number was not enough to dispel fears about the global growth outlook, with signs that China is slowing and as the euro zone continued to struggle with the debt crisis. Rabobank said in a research note that a bull-flattening trend ...

US stocks decline on global concerns
NEW YORK (MarketWatch) — U.S. stocks declined on Monday as investors fretted about Europe'sdebt crisis amid a gathering of euro-zone finance ministers. “We have a mixed bag of things coming out this week, with a heavy focus on Europe,” said Mark ...

NewsDaily: Spain doesn't need help, euro zone ministers say
By Jan Strupczewski
Euro zone finance ministers delivered a united defense of Spain on Monday, saying the country was taking steps to overhaul its economy, funding itself successfully in the financial markets and did not need a bailout, at least for now. ... BRUSSELS, Oct. 5, 2012 (Reuters) — Euro zone finance ministers will formally launch the euro zone's permanent, 500-billion-euro bailout fund on Monday, bolstering the single currency area's defenses against the sovereign debt crisis that is now ...
NewsDaily: Top Headlines

Euro Zone Debt Crisis: Verhofstadt seeks federal Europe | Video ...
Oct. 8 - Former Belgian prime minister Guy Verhofstadt calls for a united and federal Europe as euro zone ministers launch a €500 bln permanent bailout fund to ...

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