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Friday, October 26, 2012

FISCAL CLIFF: Debt crisis looms in Presidential race

THE RACE: Debt crisis looms in race's home stretch
CBS News
Some $100 billion will be sliced from federal budgets and taxes will rise by $400 billion if the government goes over the so-called "fiscal cliff" in early January. Eighty top U.S. business executives just put out a joint statement advocating bipartisan action to avoid going over that cliff by embracing both spending cuts and higher taxes — despite persistent GOP rhetoric against tax hikes.advocating ...

Lending to euro zone private sector falls in September: ECB
FRANKFURT (Reuters) - Loans to euro zone companies dropped significantly in September as theeuro debt crisis and a darkening economic outlook dampened their appetite to borrow, while ECBefforts to encourage lending showed little impact. Loans to ...

In Finland, a Euroskeptic Party Strengthens
Wall Street Journal
Finland, with only 5.4 million citizens, has accumulated outsize influence in discussions about tackling the euro-zone debt crisis because of its strong finances and its hard-line stance on bailouts. Prime Minister Jyrki Katainen has been an advocate ...

Euro zone seeks to give Greece more time to cut, find more money
BRUSSELS Oct 25 (Reuters) - Euro zone officials are expected to press ahead on Thursday with plans to give Athens two more years to meet its budget goals as well as examine ways of closing the yawning gap in Greece's finances. Representatives of the ...

End The Euro Zone Crisis Now: Let PIIGS Borrow Against Their Gold
The euro zone's biggest gold-owner as well as its biggest economy, Germany, now has public debt equal to 83% of GDP. But the crisis hasn't improved since November 2011. And it is a German idea. Second, however, and because the euro zone crisis is due ...

UPDATE 2-Swedish c.bank switches tack on rates on euro worries
Sweden withstood the euro zone debt crisis well in the first half of 2012, but growth faded along with demand for the exports that account for half of the country's economic output - and 50 percent of which go to Europe. Key exporters like Volvo, SKF ...

Sanofi and Unilever nudge European shares higher
However, the euro zone's blue-chip Euro STOXX 50 index fell 0.3 percent to 2,483.43 points asfinancial stocks declined. Sanofi rose 1.4 percent, adding the most points to the FTSEurofirst 300 index, after the French company forecast that 2012 earnings ...

The Real Way to Save the Euro
CNBC.com (blog)
And without the problems of southern euro-members, western and northern members would be able to overcome their banking woes and the other roots of the euro crisis would have much lower relevance." Food for thought. Tracking Currencies. EUR=X ...

Spain speeds up 2013 funding, will cover regional needs
Investors and analysts believe such a program would help stabilize Spain's recession-hit economy, drawing a line under the three-year-old euro zone debt crisis. "As we speak, my funding needs for this year are almost covered, at 95 percent, and my ...

Debt crisis: as it happened - 25 October, 2012
The IMF said that "after a strong start, the program has entered a more challenging phase" for Lisbon to overcome its debt crisis. In its staff report on the fifth review of Portugal's €78 bailout, which was approved, the IMF said: "The risks to the ...


It’s still a hard toil to the sunlit uplands of recovery - Telegraph: "The Coalition has been vindicated by the GDP figures, but tough times will be with us for years"

Eurozone nears Japan-style trap as money and credit contract again - Telegraph: "All key measures of the eurozone money supply contracted in September and private credit fell at an accelerating pace, dashing hopes of a quick recovery from recession."

FACTBOX-Euro zone debt crisis: upcoming events - Yahoo! News ...
'FACTBOX-Euro zone debt crisis: upcoming events' on Yahoo! News Maktoob. Oct 25 (Reuters) - Following are forthcoming events relatedto the debt crisis in ...

Euro zone Debt Crisis and EUR/USD Outlook – What's New?
EUR/USD had a strong fall, which as of now we will avoid to term as “free fall”. The pair had gone to 1.3139 but could not retest the previous high of 1.3172.

Euro Crisis - Google News

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