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

Wednesday, November 14, 2012

EU and IMF clash over Greece revives debt crisis fears

EU, IMF clash over Greece revives debt crisis fears
Euro zone finance ministers suggested Greece, where the euro zone debt crisis began, should be given until 2022 to lower its debt to GDP ratio to 120 percent but International Monetary Fund chief Christine Lagarde insisted the existing target of 2020 ...

PRECIOUS-Gold dips as euro zone debt fears hurt stocks, euro
LONDON, Nov 13 (Reuters) - Gold eased for a second day on Tuesday, tracking losses in stocks and other commodities as worries over the euro zone's handling of its debt crisis knocked the euroto a two-month low against the dollar. Appetite for European ...

Futures Fall on Euro, Fiscal Cliff Worries
Fox Business
There have been worries brewing that the eurozone's debt crisis, coupled with other global headwinds, are beginning to take a toll on Europe's biggest economy that has so far been fairly resilient. Eurozone finance ministers also gave Greece an extra ...

Large European Banks Stash Cash
Wall Street Journal
Worries about the euro-zone debt crisis, economy and regulatory uncertainty mean that European banks still prefer to hoard cash with their central banks rather than lend it out. WSJ's David Enrich has been crunching the figures that show little change ...

Wall Street Journal

Sinking German investor morale fuels recession talk
Seeking to calm unease on markets about the spreading crisis on the euro zone's periphery, ECBPresident Mario Draghi unveiled a new bond-buying programme in September allowing for potentially unlimited interventions for struggling states. No country ...

Gold Edges Up, but Rattled By Euro Zone Debt Turmoil
Text Size. By: Reuters. Gold edged modestly higher on Tuesday, tracking losses in stocks and other commodities as worries over the euro zone's handling of its debt crisis knocked the euro to a two-month low against the dollar. ... In the longer term ...

BASE METALS: LME Metals Lower On Euro-zone Debt Concerns
Wall Street Journal (India)
Base metals are lower on the London Metal Exchange Tuesday, falling in tandem with stock markets and the euro amid persistent concerns over the euro-zone debt crisis. At 1129 GMT, LME three-month copper was down 0.6% at $7,589.50 a metric ton.

Up to Greece and its lenders to sort crisis: ECB's Honohan
... bring its debts down to a sustainable level reignited fears this week that Europe's troubles could flare up anew. Honohan, who also heads Ireland's central bank, told an audience at an event in Edinburgh that there was a need for solidarity in the ...

Canada has contingency for fiscal cliff, Europe crisis: Flaherty
Reuters Canada
TORONTO (Reuters) - Canada has a contingency plan should the United States not reach an agreement with respect to a series of tax hikes and spending cuts set to kick in next year or if theeuro zone's debt crisis worsens, the country's finance minister ...

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