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Friday, November 9, 2012

Greek books are still being cooked

The Greek books are still being cooked - Telegraph: "This week saw yet more austerity measures voted by the Greek parliament for yet another bail-out that won’t be repaid"

Debt Crisis: ECB's Mario Draghi leaves door open to interest rate cut
Irish Independent
THE eurozone economy shows little sign of recovering before the year-end despite easing financialmarket conditions, European Central Bank President Mario Draghi said today, leaving open the possibility of an interest rate cut in the months ahead. But ...

PRECIOUS-Gold holds near $1715/oz, focus on euro zone
The euro zone debt crisis was back in focus, with the euro under pressure from fresh speculation that Spain is not in a hurry to request financial aid. Greece's government voted by a razor thin margin on Thursday to approve an austerity package needed ...

German Exports Suffer Euro-Zone Fatigue
Wall Street Journal
German exports fell sharply in September on weak orders from inside the euro zone in the latest sign that the sovereign-debt crisis has finally reached Germany's borders. Exports fell 2.5% in September from August, reversing the previous month's gains ...

Debt crisis: live
It's about 45 seconds long and shows a lot of random euro-related buildings swirling around. At the end of the presentation, the floor remains silent. Any questions? "I have one," says Mr Draghi: "What is the sense of this movie?" Vítor Constâncio, the ...


ADR Report: Euro-Zone, US Political Fears Send Shares Lower
Wall Street Journal
Separately, European Central Bank President Mario Draghi said in remarks prepared for delivery in Frankfurt that the euro-zone debt crisis is beginning to have an impact on the German economy. Adding to the euro-zone concerns were investor fears of a ...

Bond Market Buoyant for Europe's East
Wall Street Journal (blog)
Slovenia, Romania, and Bulgaria all saw strong demand for their papers in the international bond market over the last month as investors were happy to increase their exposure outside the center of the euro zone's debt crisis. Slovakia followed with a ...

ECB holds rates, sees no economy bounce until 2013
Chicago Tribune
FRANKFURT (Reuters) - The euro zone economy shows little sign of recovering before the year-end despite an easing of financial market conditions, European Central Bank Mario Draghi said on Thursday after interest rates were left at a record low. The ...

Fiscal Cliff Concerns Lead to Risk Aversion
While fiscal cliff concerns are likely to remain on investors minds for the foreseeable future, the more immediate cause for worry appears to be the ongoing euro-zone debt crisis. While the common-currency received a moderate boost yesterday following ...


US Set to Restage Greek Tragedy
Spiegel Online
That and more is looming just over the horizon according to the White House if the country is allowed to plunge off the "fiscal cliff" at the beginning of next year. Coined by Federal Reserve head Ben Bernanke, it refers to the vast array of cuts and ...

Spiegel Online

ECB's Draghi: Euro Zone Slowdown Hurting Germany — EU ...
The slowdown in the euro zone is now impacting Germany,European Central ... biggest economy is no longer shielded from the effects of the euro zone debt crisis.

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