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Europe’s Giant Shows Signs of Weakness

Europe’s Giant Shows Signs of Weakness | Eurozone Debt Crisis | Scoop.it
Is Europe’s economic giant finally sinking under the weight of the debt crisis? That is certainly one way to read the latest index of German economic expectations, published Tuesday by research house ZEW.
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Eurozone Debt Crisis
News about the never ending Eurozone debt crisis. Curated by http://traderos.com
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What If Cyprus Left The Euro | Zero Hedge

What If Cyprus Left The Euro | Zero Hedge | Eurozone Debt Crisis | Scoop.it
As we recently discussed, many euroskeptics are pushing Cypriot lawmakers to default, devalue, and decouple from the Euro - understanding that the short-term pain of such a move will lead to much more sustainable gains ...
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Germany offers Cyprus the exit - our way or the highway - Telegraph.co.uk

Germany offers Cyprus the exit - our way or the highway - Telegraph.co.uk | Eurozone Debt Crisis | Scoop.it
Telegraph.co.uk Germany offers Cyprus the exit - our way or the highway Telegraph.co.uk The Cypriot President Nicos Anastasiades and other minister are expected to arrive in Brussels in mid-morning for meeting this afternoon with senior EU leaders,...
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Euro-Zone Job Markets Show Signs of Stabilizing - Wall Street Journal

Euro-Zone Job Markets Show Signs of Stabilizing - Wall Street Journal | Eurozone Debt Crisis | Scoop.it
Gozo News
Euro-Zone Job Markets Show Signs of Stabilizing
Wall Street Journal
Unemployment in the euro zone rose 16,000 in December to a high of 18.7 million, said Eurostat, the European Union's statistics agency.
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Global stocks, euro gain as Fed meeting begins - Reuters

Global stocks, euro gain as Fed meeting begins - Reuters | Eurozone Debt Crisis | Scoop.it
The Daily Star Global stocks, euro gain as Fed meeting begins Reuters NEW YORK (Reuters) - Stock markets around the world rose and the dollar fell to a 14-month low against the euro on Tuesday amid rising risk appetite as the Federal Reserve began...
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EU May Ease Spain Budget Goal in Austerity Retreat

EU May Ease Spain Budget Goal in Austerity Retreat | Eurozone Debt Crisis | Scoop.it
European Union budget enforcer Olli
Rehn signaled he might seek to ease Spain’s targets for cutting
its budget deficit in a retreat from the demands that helped
drive the economy into recession.
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Euro Area Seen Stalling as Draghi's Pessimism Shared: Economy - Businessweek

Euro Area Seen Stalling as Draghi's Pessimism Shared: Economy - Businessweek | Eurozone Debt Crisis | Scoop.it
Euro Area Seen Stalling as Draghi's Pessimism Shared: Economy
Businessweek
The euro-area economy won't return to growth until the next quarter as a recovery in Italy is delayed and France continues to shrink, according to a survey of economists.
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New 5 Euro Note - Business Insider

New 5 Euro Note - Business Insider | Eurozone Debt Crisis | Scoop.it
The new €5 banknote has benefited from advances in banknote technology since the first series was introduced over ten years ago. It includes some new and enhanced security features. The watermark and hologram display ...
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Euro Zone Finance Ministers Meet, Again, to Grapple With Greece - NYT

Euro Zone Finance Ministers Meet, Again, to Grapple With Greece - NYT | Eurozone Debt Crisis | Scoop.it

Euro Zone Finance Ministers Meet, Again, to Grapple With GreeceNew York TimesEuro zone finance ministers are to gather in Brussels on Monday for their fourth meeting in four weeks.

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Euro takes a breather, all eyes on EU summit - NASDAQ

Euro takes a breather, all eyes on EU summit - NASDAQ | Eurozone Debt Crisis | Scoop.it

Euro takes a breather, all eyes on EU summit


NASDAQFXstreet.com (Córdoba) - The euro is going through a consolidation phase after the impressive rally seen this failed to overcome the 1.3140 area versus the dollar and as investors stay on the sidelines...

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Greece's 2013 budget to deepens cuts, sustain recession - Reuters

Greece's 2013 budget to deepens cuts, sustain recession - Reuters | Eurozone Debt Crisis | Scoop.it

Greece's 2013 budget to deepens cuts, sustain recession -- NYT


(Reuters) - Greece will unveil a draft budget for 2013 on Monday which will cut deeper into public spending to impress international lenders but also prolong the...

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Stocks: Spanish bank tests offset weak economic data - CNNMoney

Stocks: Spanish bank tests offset weak economic data - CNNMoney | Eurozone Debt Crisis | Scoop.it

Spanish bank tests offset weak economic data -- CNNMoney


NEW YORK (CNNMoney) -- Investors were spooked after a dismal report on manufacturing in the United States, but results of stress tests on Spanish banks let investors breathe a bit...

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Fight Looms on Greek Bailout

Fight Looms on Greek Bailout | Eurozone Debt Crisis | Scoop.it

Either the International Monetary Fund, the European Central Bank, or euro-zone governments such as Germany will have to make painful concessions to ease Greece's debt-service burden, in order to avoid a Greek bankruptcy


A confrontation is brewing among Greece's international creditors over who will provide the financing needed to keep the country afloat.

A report by international inspectors, due in October, will state how big the funding shortfall is in Greece's bailout program, but European officials say the deficit is far too big for Greece to close on its own.

That means the International Monetary Fund, the European Central Bank, and euro-zone governments such as Germany will have to negotiate over which of them will make painful concessions to ease Greece's debt-service burden. That is intended to avoid a Greek bankruptcy that could ...

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Mario Draghi speech: the full text

Mario Draghi speech: the full text | Eurozone Debt Crisis | Scoop.it

The text of European Central Bank chief Mario Draghi's speech after the bank held interest rates on Thursday and outlined its new bond-buying programme.

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European 'bank union' could prevent another debt crisis - Mail & Guardian Online

European 'bank union' could prevent another debt crisis - Mail & Guardian Online | Eurozone Debt Crisis | Scoop.it

Germany is working on a plan that would allow the completion of a euro zone banking union without changing existing European Union law, potentially removing a major hurdle to finish the most ambitious EU project since the start of the euro, EU officials said.


Via jean lievens
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Wall Street Pounded in Euro-Fueled Selloff - Fox Business

Wall Street Pounded in Euro-Fueled Selloff - Fox Business | Eurozone Debt Crisis | Scoop.it
Wall Street Pounded in Euro-Fueled Selloff
Fox Business
Foreign Markets. The Euro Stoxx 50 slid 1.2% to 2678, the English FTSE 100 dropped 0.9% to 6290 and the German DAX sunk 0.77% to 7774.
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Understanding the Credit Crunch: The Case For Not Exiting The Euro

Understanding the Credit Crunch: The Case For Not Exiting The Euro | Eurozone Debt Crisis | Scoop.it
The Case For Not Exiting The Euro #HuffingtonPost #Bloomberg #Italy #Greece #EU #EuroDebt #Forex #Reuters #MSNBC #WSJ http://t.co/SSEX0tqD
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Interesting article on state of eurozone

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FOREX-Euro jumps to 14-month high versus dollar, yen gains

* Euro hits highest since early December 2011 vs dollar* Yen gains versus dollar* Fed expected to reaffirm QE expectationsBy Wanfeng ZhouNEW YORK, Jan 29 (Reuters) - The euro rose to a 14-monthhigh (FOREX-Euro jumps to 14-month high versus dollar,...
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Euro Official, in New Role, Aims to Mend Rift Over Austerity

Euro Official, in New Role, Aims to Mend Rift Over Austerity | Eurozone Debt Crisis | Scoop.it
Jeroen Dijsselbloem pledged to do what he could to assuage tensions in his role of coordinating meetings of finance ministers.

Via Stefan de Vries
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World shares touch eight-month high; euro rises - Reuters

World shares touch eight-month high; euro rises - Reuters | Eurozone Debt Crisis | Scoop.it
AFP World shares touch eight-month high; euro rises Reuters The euro rose on reduced anxiety about the euro zone economy after the European Central Bank unanimously left interest rates unchanged and ECB President Mario Draghi offered no hints that...
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Euro's Unity Continues to Defy the Bears - Wall Street Journal

Euro's Unity Continues to Defy the Bears - Wall Street Journal | Eurozone Debt Crisis | Scoop.it

Euro's Unity Continues to Defy the Bears...

Wall Street JournalAt the Bank of England, some officials were convinced the euro would break up last Christmas and the BOE continued to assume a euro collapse for most of this year.

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At the EU Summit, a Focus on Cohesion - New York Times

At the EU Summit, a Focus on Cohesion - New York Times | Eurozone Debt Crisis | Scoop.it

At the EU Summit, a Focus on Cohesion


New York TimesBRUSSELS — With market pressure on their single currency easing for now, will European Union leaders meeting here Thursday and Friday return to a familiar pattern: bickering and delaying...

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Europe stocks see biggest weekly loss since June Europe Markets

Europe stocks see biggest weekly loss since June Europe Markets | Eurozone Debt Crisis | Scoop.it
Continued uncertainty about Spain’s finances and a potential bailout hampers European stock markets on the last trading day of the quarter on Friday, with the benchmark index closing with its biggest weekly loss since early June.


Yields on 10-year Spanish government bonds ES:10YR_ESP +0.22% were flat around 5.91%, according to electronic trading platform Tradeweb.

“Once again the future of the euro zone is under serious threat. The tools are in place to aid resolution but again it’s down to political will and increasingly, it seems, whether the populous give their leaders the time,” said Oliver Wallin, investment director at Octopus Investments, in a note.

“Still, the week gave us the opportunity to take some profits in Europe, returning to a neutral stance and steering instead toward dollar-denominated assets. A defensive stance is still the order of the day,” he added.

Turning to the U.S., a fresh batch of economic data painted a mixed picture of the economy. Consumers boosted spending by 0.5% in August, the fastest rate since February, while a gauge of consumer-sentiment rose to 78.3 in September, but missed analyst expectations. See: U.S. consumer spending jumps in August. and See: Consumer-sentiment index rises in September.

Meanwhile, the MNI Chicago Report showed its purchasing managers’ index fell to 49.7 in September from 53.0 in August. A reading below 50 indicates contraction. See: Chicago PMI falls into negative territory in Sept.

U.S. stocks were lower on Wall Street. See: U.S. stocks drop on last session of quarter.

French budget

In France, the 2013 budget was also in focus. President François Hollande’s government announced sharp tax hikes aimed at saving €30 billion euros on next year’s budget, with the income tax for people who make more than €1 million a year jumping to 75%. See: Hollande cuts €30 bln in 2013 budget: reports.

Banks were under pressure, with BNP Paribas SA FR:BNP -2.41% down 2.4% and Société Générale SA FR:GLE -3.03% 3% off.

The CAC 40 index FR:PX1 -2.46% dropped 2.5% to 3,354.82, with heavyweight oil group Total SA FR:FP -2.72% TOT -2.85% 2.7% lower. The index ended the week 5% lower, but 5% higher on the quarter.

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New Regulation Looks Set to Suppress Once Key Credit Index

New Regulation Looks Set to Suppress Once Key Credit Index | Eurozone Debt Crisis | Scoop.it

An index once used as a key barometer of Europe's debt-market stresses is set to be stripped of its remaining relevance as impending new regulation will make it harder to trade.

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Europe’s Austerity Madness

Europe’s Austerity Madness | Eurozone Debt Crisis | Scoop.it

Here’s why the protesters in Spain and Greece are right that inflicting more and more pain serves no useful purpose


Via jean lievens
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Dollar Tumbles, Euro Soars After Fed Unveils New Stimulus - CNBC.com

Dollar Tumbles, Euro Soars After Fed Unveils New Stimulus - CNBC.com | Eurozone Debt Crisis | Scoop.it

Dollar Tumbles, Euro Soars After Fed Unveils New StimulusCNBC.comThe euro remained firm after Germany's Constitutional Court on Wednesday cleared ratification of the euro zone's permanent rescue fund, paving the way for the European Central...

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