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

Monday, November 5, 2012

Angela Merkel: eurozone crisis will last at least another five years

Angela Merkel: eurozone crisis will last at least another five years - Telegraph: "The eurozone will take at least another five years to recover from the crippling debt crisis that has hampered even Europe's most powerful economy, according to German Chancellor Angela Merkel."

G20 Finance Chiefs Urge Caution Over Fiscal Cliff, EU Debt Crisis
Fox Business
... seek financial aid is stoking worries that Europe's debt crisis could further hurt world growth. The government is under pressure to seek a bailout as it struggles to cope with high public debt and the cost of recapitalizing its banks. Euro zone ...

Euro-zone Debt Crisis Deepening as Greece Runs Out of Money on November ...
The Market Oracle
Euro-zone Debt Crisis Deepening as Greece Runs Out of Money on November 16th ...Nick Beams writes: The eurozone financial crisis is set to deepen following this week's release of debt projections for the Greek economy. ... In a bid to deflect ...

The Market Oracle

Youth unemployment: the big issue for the world's economy - Telegraph: "As The Telegraph launches an essay prize on youth unemployment, ex-US Treasury Secretary Larry Summers discusses a growing problem."

ECB investigating if loans made to Spanish banks contravened rules - Telegraph: "European Central Bank (ECB) officials are investigating claims that they have blundered and advanced money to Spanish banks on generous rather than penal terms."

'Mafiosi' stand to gain most from EU bail-out of Cyprus - Telegraph: "Russian oligarchs and "mafiosi" who have parked their illegal earnings inside the country stand to benefit most from an EU bail-out of Cyprus, according to a report by Germany's intelligence agency."

Euro to sag against dollar over the next year
Business Recorder (blog)
Slumping economies and the euro zone's stewing sovereign debt crisis will drain the value of its currency against the dollar over the next 12 months, according to a Reuters poll. The latest survey of more than 60 economists and foreign exchange ...

G-20 Seeks Answers On Greek Debt Sustainability -Sources
Wall Street Journal
MEXICO CITY--Finance officials from the world's 20 biggest economies will press their European colleagues to explain how they will cut Greece's mountain of debt, to avoid yet another euro-zone crisis that could derail any prospects of a global recovery.

Parl. vote on austerity measures to end talk of Greek euro exit: PM
Press TV
Parl. vote on austerity measures to end talk of Greek euro exit: PM. Greek Prime Minister Antonis Samaras. ... Parliament vote on new rounds of austerity measures will put an end to talks of Greek exiting the euro zone, Prime Minister Antonis Samaras...

Press TV

Laos Summit to Open as Region Regains Momentum
Wall Street Journal
Euro-zone finance ministers are to discuss the crisis Thursday, but no decisions are expected. By contrast, data last week offered hope that Asia is pulling out of an economic slowdown. Even though Japan appears to be relapsing with Europe into ...

Why Gold Will Benefit From The Global Debt Crisis
Forex Pros
Along those lines, ECB President Mario Draghi recently announced the ECB would do “whatever it takes” to end the euro zone debt crisis. That announcement coincided with the launching of a $650 billion bailout fund in early October. But while the ...

Crown falls on intervention risk, leu inches up
Business Recorder (blog)
The crown has gained 1 percent this year and the leu has fallen, missing out on a rally spurred by investors chasing relatively safe yields outside the euro zone. The Hungarian forint and Polish zloty have gained 8-11 percent to sit among the world's ...

Euro Crisis - Google News

Fiscal Cliff - Google News

Economics, interest rates, house prices, inflation, Bank of England

Markets News - Global Financial Market News

Financial Crisis

Jeremy Warner - Finance and business comments

Ambrose Evans-Pritchard - Finance and business comments

Jeff Randall - Business and politics comments

New Normal News

Views under the Palm

johnyah