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

Wednesday, October 10, 2012

Merkel, Greece, and the Euro Crisis

Debt crisis: as it happened - October 9, 2012 - Telegraph: "German Chancellor Angela Merkel says the tough path taken by Greece will pay off and talks of closer ties between the two countries as police fire tear gas at protesters in Athens who try to reach her."

Draghi Sees a Ray of Hope for Euro Zone
New York Times
If the euro zone crisis ends someday, though, it will be because countries are able to escape the vicious circle created by recession, debt and austerity. Economic growth would lead to higher tax receipts. Governments would then have a better chance of ...

Eleven euro states back financial transaction tax
Reuters
LUXEMBOURG/ATHENS (Reuters) - Eleven euro zone countries agreed on Tuesday to press ahead with a disputed tax on financial transactions aimed at making traders share the cost of fixing acrisis that has rocked the single currency area. The initiative ...

Angela Merkel recoils from Greek showdown on Spain contagion fears - Telegraph: "Angela Merkel, the German chancellor, has stamped her seal of approval on Greece's austerity plan and vowed to stand by the country as "partner and friend", signalling almost certain approval for the next tranche of EU-IMF Troika aid."

FOREX-Euro eases on Greek and Spanish concerns
Reuters
Both currencies have been safe havens for investors fleeing the euro zone debt crisis. While the Swiss National Bank imposed a floor on the euro/Swiss franc pair at 1.20 francs to curb inflows, Denmark's central bank has cut official rates. "The Swiss ...

Euro zone crisis dents growth in CIS region-IMF
Reuters
Global uncertainty and the debt crisis in the euro zone, the CIS's most important outside trading partner, would slow growth to 4 percent in 2012, below a July forecast of 4.1 percent and down from nearly 5 percent in 2011, the Fund said in its semi ...

Merkel Greece Trip: Protests Mark German Chancellor's First Visit During Debt ...
Huffington Post
Police have banned protests in most of central Athens and readied 6,000 officers, including anti-terrorist units and rooftop snipers, to provide security during the six-hour visit, Merkel's first since theeuro zone's crisis first erupted in Greece in ...

PRECIOUS METALS: Euro-Zone Worries, Dollar Strength Dent Gold
Wall Street Journal
German Chancellor Angela Merkel reiterated her support for keeping Greece in the euro zone and said that she saw "light at the end of the tunnel" for Greece, during her first visit to Athens since the beginning of Europe's debt crisis. Germany has been ...

Commodities Continue to Look to Euro Debt Crisis
Resource Investor
The poster-child for the euro-zone debt crisis will attempt to sell €1 billion in six-month paper. The economic calendar remains lackluster but the third-quarter corporate earnings docket may prove market-moving as Chevron Corp., Yum! Brands Inc. and ...

Traders Weigh Flip in Portugal Credit-Default Swaps as Bonds Rally
Wall Street Journal
With stress levels in euro-zone bond markets having eased since July, when European Central Bank President Mario Draghi announced a bond-buying plan to help resolve the region's debt crisis, some banks dealing in CDS are weighing whether it makes ...

Euro emigration – safety valve or worker drain?
Reuters Blogs (blog)
Four years of relentless austerity in many of the euro zone's most debt-hobbled countries have forced many of their youngest and sometimes brightest workers to grab the plane, train or boat and emigrate in search of work. For countries with a long ...

Spanish Banker Talks About Euro Zone Financial Crisis | C-SPAN
Matias Rodriguez Inciarte, Vice Chairman of Banco Santander, discussed the Spanish bank's successful negotiation of the financial crisis unsettling the euro zone. He spoke at the Peterson Institute for International Economics.
C-SPAN Recent Events

World Bank : Euro-Zone Debt Crisis Poses Major Risk To Asia Outlook
By Natasha Brereton-Fukui SINGAPORE--The World Bank on Monday cut its forecasts for economic expansion in developing East Asia, and warned that a major ...
www.4-traders.com/.../World-Bank-Euro-Zone-Debt-Crisis-Po...

The Euro Zone Debt Crisis: - Clingendael
The Euro Zone Debt Crisis: An Opportunity for Closer EU–China Cooperation. Zhang Haibing. 8 October 2012. The euro zone's debt crisis is currently the ...
www.clingendael.nl/.../20121008_research_cafarticle_zhang.p...

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