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

Tuesday, April 16, 2013

Draghi: governments need to solve debt crisis as ECB cannot

Draghi urges governments to solve debt crisis, says ECB cannot
Reuters
AMSTERDAM (Reuters) - European Central Bank President Mario Draghi on Monday put pressure on governments to push ahead with plans for closer European integration to address the euro zone crisis' core problems. He said that was not ... to take, the ...

Euro-zone Debt Crisis is Back
The Market Oracle
The decimation of the Cypriot financial industry in the wake of its debt crisis will shave 12.5% to 15% from the tiny nation's economy over the next couple of years. You can bet an impoverished Cyprus will need to beg the EU and IMF for table scraps ...

EU 'making progress' in response to crisis
Irish Times
A two-year slump, 19 million unemployed and five countries on emergency aid are no reason to take bold, immediate action to spur economic growth, according to European officials set to defend their handling of the debt crisis in Washington this week ...

Irish Times

Weak mining stocks drive down European markets
Economic Times
Lingering worries over the euro zone's sovereign debt crisis have prompted some traders to sell shares to book profits on the rise in stocks since the start of the year. This has led some strategists and traders to back "defensive" sectors such as ...

Economic Times

Henkel CEO Sees Worsening Conditions in Euro Region This Year
Bloomberg
... and Persil detergent, said the economic situation in the euro zone may worsen this year. “We do not expect the euro zone to undergo any tangible improvement in the current year,” Chief Executive Officer Kasper Rorsted told shareholders at the ...

Europe's austerity era could be coming to an end
GlobalPost
"The euro zone policymaking agenda of 2013 is not the one of 2011, or even of 2012 for that matter. Deficit sinners are being cut more fiscal slack; maturities of bail-out loans are being extended; and, most importantly, the crisis has spread to the ...

Study on Wealth Fuels Euro-Crisis Debate in Germany
New York Times
The German media reaction seems to be inflaming the debate about who should pick up the tab for the euro crisis. The E.C.B. study suggested that countries like Greece that have been receiving handouts in fact have hidden stashes of property wealth.

Withering euro zone and strengthening krona drag on Sweden's GDP
Quartz
At the same time, the krona's value has surged as the country has emerged from the European debt crisis relatively unscathed, strenthening nearly 8% against a basket of currencies monitored by Bloomberg. The worse-then-expected economic growth could ...

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