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

Thursday, October 18, 2012

Germany chops 2013 growth forecast on euro crisis

Germany chops 2013 growth forecast on euro crisis
Germany's economy powered through the first two years of the euro zone's sovereign debt crisis, posting 4.2 percent growth in 2010 and 3 percent last year at a time when some peers were seeking bailouts and others were grinding to a halt. Its export ...

"Grexit" could spark global economic crisis: German think tank
Chancellor Angela Merkel's centre-right government has strongly criticized Greece's repeated failure to meet tough fiscal targets since its debt crisis erupted in late 2009 but has recently stressed it wants Athens to stay in the euro zone. Merkel, who ...

Debt crisis: as it happened, October 17, 2012 - Telegraph: "Germany has slashed its 2013 growth forecast to 1pc, as the country's economy minister warned that the debt crisis meant that Europe's largest economy faced "stormy economic waters"."

IMF urges aid for Italy, Spain but Rome baulking
MILAN/MADRID (Reuters) - The International Monetary Fund called on the eve of a European Union summit for both Spain and Italy to seek euro zone assistance to draw a line under the bloc's debt crisis, but Rome has rebuffed the idea and Madrid seems ...

Gold extends gains as euro zone worries ease
SINGAPORE (Reuters) - Gold inched up on Wednesday, rising for a second day with the support of a stronger euro as concerns about the bloc's debt crisis eased after Moody's affirmed Spain's rating and German business sentiment improved. The euro hit a ...

ECB's Coeure: avoiding deflation justifies crisis steps
FRANKFURT (Reuters) - The European Central Bank's response to the euro zone crisis, including its latest plan to buy the bonds of debt-strained member states, is justified by the need to avoid deflation and a credit crunch, ECB policymaker Benoit ...

Euro Climbs on Expectations for Spain Aid Request
"By passing on the opportunity to downgrade Spain's rating to junk, Moody's removed one major uncertainty from the financial markets and investors around the world have responded positively," said Kathy Lien, managing director at BK Asset Management in...


Sweden stands out as European refuge from debt crisis
Economic Times
With the euro zone stumbling towards a resolution of its debt crisis, investors have been searching for bolt-holes, more concerned about the return of their money than the return on it. Switzerland, Norway, Germany, Britain and Denmark have benefited ...

Schroders macro hedge fund bets against Bunds
Investors hunting for a safe haven during the euro zone's prolonged debt crisis have piled into German bonds over the past 18 months, driving yields on two-year bonds down from more than 1.9 percent last April to minus 0.086 percent in early August.

Analysis: Euro emigration: safety valve or debt drag?
"I think the answer is they don't," he said, adding that some form of default or debt restructuring is the only likely solution to the euro sovereign debt crisis over time. "Slashing entitlement programmes just puts you in a situation where your ...

Euro zone debt crisis: Car sales fall considerably in Europe
Northern Voices Online
(NVONews.Com) Thanks to the euro zone debt crisis, sales of new car in Europe dropped at the fastest pace last month. It came down by 10.8 percent in Sep 2012 to 1.10 million vehicles. In fact the decline has been going on for the last 12 months and ...

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