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

Monday, October 1, 2012

European debt crisis: Spain's banks in dire straits

European debt crisis: Spain's banks in dire straits
They emerged to issue a statement that stunned the euro zone's needier nations and underscored the divisions that have dimmed hopes that Europe may have found a path out of the crisis. Schauble and the others said a pledge by euro zone leaders at a ...

Sensible for Germany to leave euro, but they're not ready - Telegraph: "It is beginning to dawn on the Germans that if the euro holds together they’ll have to stump up more and more money."

Germany told to 'come clean’ over Greece - Telegraph: "German Chancellor Angela Merkel must “come clean at long last” and admit that Greece will need help for another seven or eight years, the German opposition leader said over the weekend."

Euro Leaders Face Month of Unrest After ECB's September Rally
Bloomberg
Europe faces a month that may decide the success of the European Central Bank's bid to end thedebt crisis as leaders navigate a tougher approach from creditor countries, unrest grows in Spain and an assessment of Greek creditworthiness looms. With the ...

Francois Hollande faces protest over fiscal pact - Telegraph: "Thousands of protesters marched through Paris on Sunday against a European fiscal pact, the first major display of public anger to face President Francois Hollande since his May election."

'Feeder nation’ risk for Ireland - Telegraph: "Ireland is destined to become a “feeder nation” that is reliant on money being sent home from workers abroad, a leading hedge fund has warned."

UK banks must lend more and build defenses: regulator
CNBC.com
Bailey's challenge to banks reinforces a call on Thursday from the Bank of England's FinancialPolicy Committee (FPC) for them to take advantage of any lull in the euro zone debt crisis to tap markets for capital. He said it was wrong to blame a ...

Analysis: They're back! Yield hunt pushes funds into CLOs, CDOs
Reuters
BlueMountain is even venturing back into CDOs, the much-maligned investment product that became synonymous with the housing bust and the financial crisis. In March, the hedge fund, purchased a portfolio of synthetic collateralized debt obligations ...

Merkel rival urges more help for Greece, lags in polls
Reuters India
The opposition Social Democrats (SPD) named Steinbrueck on Friday as their candidate for chancellor, launching a year-long election campaign sure to be dominated by the euro zone crisisand its growing costs for German taxpayers. Opinion polls have ...

No escape from US fiscal debt crisis
Independent Online
The crisis in the euro zone, where bond buyers have pushed up the borrowing costs for indebted countries such as Greece, Portugal and Italy, adds urgency to US efforts to find a more sustainable budgetary path. Rivlin says the euro area sovereign-debt ...

Independent Online

Investors likely to take profits
BusinessWorld Online Edition
Bworldonline.com, Codex. Stock Market. Posted on September 30, 2012 08:05:20 PM. Investors likely to take profits. INVESTORS are expected to take profits this week as they await developments in the euro zone, which continues to grapple with a debt crisis.

Treasuries rise as Spain, US economy cast wary mood
Business Recorder (blog)
Karachi Stocks · Market Live (beta) · Stocks & Bonds · Rates & Schedules · Exchange Rates ·Financial Statements Index · Sports · Cricket · Pak vs Eng 2012 ... Investors worried that Spain's 2013 austerity-focused budget would not be enough to solve ...

1000s hold anti-austerity demo in Paris
Tehran Times
The treaty would set up the European Stability Mechanism bailout fund that European leaders hope will help calm a debt crisis that threatens the euro zone and the global economy. The main conservative opposition party and most of President Francois ...

Euro zone uncertainty puts shares, euro on back foot - Yahoo! Finance
Finance: European shares and the euro followed a broad range of riskier ... to weak economic fundamentals and the euro zone's still unresolved debt crisis.
finance.yahoo.com/.../euro-zone-uncertainty-puts-shares-0732...

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