Tuesday, November 20, 2012
"In this global race you are either quick or you're dead"
Cameron says Britain in economic 'war' - CBI conference: debt crisis live
... crisis. Leading Democratic and Republican lawmakers voiced confidence over the weekend that a deal would be reached to avoid the so-called "fiscal cliff" ... Greece and the European Commission would sign a revised memorandum of understanding on...
Euro zone crisis firefighters begin to fight each other
Acting with the International Monetary Fund (IMF) and European Central Bank (ECB), they have bailed out Greece, Ireland and Portugal and set in place mechanisms to do the same for Spain in exchange for severe cuts to government spending and deep ...
ECB's Praet - deposit guarantee not key for bank union
Germany has resisted the idea of a Europe-wide deposit guarantee as part of a banking union, andECB President Mario Draghi said earlier this month "financial union does not have to imply the pooling of deposit guarantee schemes". After three ... The ...
TREASURIES-Prices dip on hopes budget crisis can be avoided
Lawmakers confident "fiscal cliff" will be avoided * Investors also keep an eye on Europe's debtwoes * Volumes light ahead of Thanksgiving holiday By Chris Reese NEW YORK, Nov 19 (Reuters) - U.S. bond prices fell on Monday as signs of progress in ...
Why We Don't Need QE or Euro: Czech Republic
Staff Writer, CNBC.com. As countries with much larger economies try to contest slowing growth by pumping more cheap money into their financial systems, the Czech Republic is planning to avoid similar actions – and may put off its euro joining date as ...
Euro breakup would mean short-term pain for long-term gain
The unravelling euro crisis will soon result in some countries leaving the currencyzone, but this should not unduly worry Asia, except for companies with a business presence in countries that exit the euro, according to the independent macroeconomic...
The euro zone's new migraine: Spanish politics
Globe and Mail
A serious secession attempt by the economically powerful region would trigger a political crisis that could easily scare off sovereign bond investors, raising Spain's financing costs and perhaps prompting a costly bailout of the euro area's fourth ...
Globe and Mail
fiscal cliff would give US an austerity crisis
Going over the fiscal cliff would give US an austerity crisis, not a debt crisis. Story; Comments ... WASHINGTON: Come January, the United States might careen off thefiscal cliff. Or start rolling ... But what is wrong with the plain old name "fiscal ...
SNB can keep 1.20 cap as long as needed- Danthine
The SNB set the cap of 1.20 francs to the euro in Sept. 2011 to stave off deflation and recession after investors seeking refuge from the euro zone debt crisis pushed the franc to record highs. In response to a question about how long the central bank ...