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

Tuesday, October 30, 2012

Greece more risky for investors than Syria

Greece more risky for investors than Syria - Telegraph: "Greece is considered a riskier place to invest in and set up business than war-torn Syria and Libya, according to a survey of finance directors."

Euro Will Fall When Economics Come Into Focus
Wall Street Journal (blog)
Hopes that this decline will reduce high borrowing costs and ultimately provide a resolution to the euro-zone debt crisis have helped to stabilize support for the single currency. Ever since ECB President Mario Draghi announced his unlimited outright ...

Wall Street Journal (blog)

Spain's Rajoy rules out imminent request for help - Telegraph: "Spain has no immediate need to ask for outside aid to help deal with its debts, prime minister Mariano Rajoy insisted on Monday."

Debt crisis: Greece must have debt relief, leaders to tell Angela Merkel - Telegraph: "A delegation of leaders are to warn Angela Merkel that Germany must agree to Greek debt relief or risk plunging the eurozone into a fresh and more dangerous phase of the crisis."

Germany's Schaeuble: Europe Will Emerge from Crisis More Unified
Wall Street Journal
OXFORD, U.K.--The euro zone's debt crisis isn't over, but Europe will emerge "stronger and more unified than before," German Finance Minister Wolfgang Schaeuble said Monday. In a wide-ranging speech and question-and-answer session, Schaeuble said ...

Debt crisis: as it happened - 29 October, 2012 - Telegraph: "Mario Monti and Mariano Rajoy were both cool on German plans to allow the EU to intervene in countries' budgets and propose changes before they are agreed in parliaments."

Euro zone banks rally falters on earnings outlook
Reuters
LONDON (Reuters) - A big rally in euro zone bank shares on the back of central bank action to fix the region's debt crisis may have run its course as doubts over the sector's earnings outlook keep many long-term investors sidelined. While stock ... But ...

Analysis: Euro zone ponders best path to "GEMU"
Chicago Tribune
It also signals that Europe's leaders are starting to shift their focus from fingers-in-the-dike crisismanagement to save the euro to a longer-term process of building a more robust, storm-resistant architecture for the currency area. ... Merkel has ...

Hollande to Meet OECD, WTO, IMF Heads on Debt Crisis
NASDAQ
PARIS -- French President Francois Hollande is due to hold talks on Monday with the heads of the World Bank and other top economic bodies to discuss the euro-zone debt crisis and ways to kick start growth. The meeting will start at 11:00 a.m. (1000 GMT ...

S.Africa's rand weakens on euro fears and local budget
Reuters Africa
Print | Single Page. [-] Text [+]. JOHANNESBURG Oct 29 (Reuters) - The rand weakened against the dollar on Monday, pressured by debt crisis concerns in the euro zone, South Africa's biggest trading bloc, and worries about a wider domestic budget deficit.

Politics puts Italy, Spain back in market focus
Chicago Tribune
MADRID/ROME (Reuters) - Spanish Prime Minister Mariano Rajoy kept financial markets guessing on Monday over whether he will seek a credit line from the euro zone's rescue fund but said he would do so "when I think it is in the interests of Spain". At a ...

Dutch Liberals, Labour vow austerity in coalition deal
Reuters
Under Rutte and De Jager, a Christian Democrat whose party lost heavily in the election, the Netherlands had been at the forefront of countries calling for tight fiscal policies to tackle the euro zone's debt crisis. In their agreement, the parties did ...

Blair Warns Euro-Area Crisis Could Lead to Whole EU Breaking Up
Businessweek
Former U.K. Prime Minister Tony Blair said the European Union's political community could break up if the financial crisis in the euro area is not resolved. The EU cannot fix the single-currency region'sdebt crisis through the sort of “incremental ...

Analysis: Long-term battle for euro hinges on growth reforms
Chicago Tribune
For that, growth and convergence are needed -- the reverse of the divergent north-south economic, fiscal and financial trends still balkanizing the euro zone and preventing the ECB from delivering a single monetary policy for the entire area. A recent ...

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