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Νews about the accelerating economic debt crisis in EuroZone
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Italy business chief calls for emergency government

ROME (Reuters) - One of Italy's most prominent businessmen, often seen as the potential leader of a transitional government of national unity, called on Monday for Prime Minister Silvio Berlusconi to step...
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Eurozone Leaders: Now They're Making the Crisis Worse Through Stupidity - Forbes

This has to be one of the most stupid ideas yet, possibly one of the most stupid since the creation of the Eurozone itself. The European Financial Stability Facility (EFSF) is considering issuing foreign currency, yuan, bonds.
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Eurozone may adopt finance tax without EU backing - Channel News Asia

Eurozone may adopt finance tax without EU backing - Channel News Asia | Eurozone | Scoop.it
Eurozone may adopt finance tax without EU backingChannel News AsiaLONDON: Eurozone members could introduce a financial transaction tax even if other EU countries were opposed, German Finance Minister Wolfgang Schaeuble told the Financial Times in...
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Big Euro-Crisis Question Has Still to Be Answered

Euro-zone leaders inevitably proclaimed their latest summit deal a triumph—as they had after each of the previous 13 crisis meetings—but one wonders whether their hearts are truly in it any more.
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EU leaders call on G-20 for more joint action

Two European Union leaders have called on the upcoming G-20 summit of wealthy and developing countries to build on EU plans to stabilize the debt-burdened eurozone and further boost the global recovery.
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EU Leaders Didn't Listen on Debt: Trichet

EU Leaders Didn't Listen on Debt: Trichet | Eurozone | Scoop.it
Too many European Union leaders did not understand the gravity of the Greek debt situation following years of failure to adhere to rules on borrowing, the outgoing boss of the European Central Bank told CNBC. ...
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Europeans buy some time | Philadelphia Inquirer

Globe and MailEuropeans buy some time | Philadelphia Inquirer | 2011-10-30Philadelphia InquirerThe bailout fund has already lent money to Greece, Ireland, and Portugal, and it is possible that Italy and Spain may eventually need help as well.
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US officials worried EU debt crisis could drag down the economy - The Hill's On The Money

US officials worried EU debt crisis could drag down the economy - The Hill's On The Money | Eurozone | Scoop.it
The European debt crisis is expected to be the top agenda item for President Obama when he attends this week’s G20 summit. U.
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This was the week that European democracy died - Telegraph

This was the week that European democracy died - Telegraph | Eurozone | Scoop.it
The plan to tackle the eurozone crisis will only render ordinary people more
powerless.
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Irish Leader Eyes Path to Growth

Irish Leader Eyes Path to Growth | Eurozone | Scoop.it
Irish Prime Minister Enda Kenny dismissed suggestions that Ireland's favorable tax rate is the only thing that attracts global corporations to the country, and said his government has made technology a key part of the bailed-out nation's efforts to...
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Greeks Oppose EU Deal

Most Greeks oppose last week's European deal to address the country's debt crisis, a poll showed, amid fears that a planned debt write-down will bring further pain and yield few benefits for the country.
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"We Are All Greeks" - SocGen Presents The New World Order | ZeroHedge

"We Are All Greeks" - SocGen Presents The New World Order | ZeroHedge | Eurozone | Scoop.it
"We are all Greeks" - so begins one of the best reports on the unsustainability of the status quo, and on what "the new world order" will look like, created by SocGen's Veronique Riches-Flores.
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China Cautious on Europe Aid

Chinese and European officials sought to play down expectations about when and how China may deploy its vast financial resources to help bail out indebted countries in Europe.
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Barclays slashes eurozone exposure - FT.com

Barclays slashed its exposure to troubled eurozone sovereign debt by almost a third in the three months to September as it posted better-than-expected profit growth.
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Russia mulls eurozone aid

Plans for BRIIC support for the eurozone are moving forward, if comments from Moscow on Monday are any guide.

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Europe Tries to Recapitalize Its Banks

Europe’s largest banks may raise just a tenth of the total capital shortfall estimated by regulators, fueling concern policy makers’ plans to bolster the region’s lenders could fail.
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Brussels deal is another sticking plaster to patch up a shaky eurozone - Telegraph

Brussels deal is another sticking plaster to patch up a shaky eurozone - Telegraph | Eurozone | Scoop.it
The markets loved it. So that's all right then.
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Berlusconi Defiant as EU’s Focus Shifts to Italy

Berlusconi Defiant as EU’s Focus Shifts to Italy | Eurozone | Scoop.it
Italian Prime Minister Silvio Berlusconi said he alone can deliver the country’s promised deficit cuts as European leaders ramp up demands that his government do its part to combat the region’s debt crisis.
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Portugal Is Next: Improverished PIIG Demands US Assistance, Debt "Haircut" To Come Next | ZeroHedge

Portugal Is Next: Improverished PIIG Demands US Assistance, Debt "Haircut" To Come Next | ZeroHedge | Eurozone | Scoop.it
It has been just over 48 hours since our call that PIIGS the world over will scramble to demand the same concessions that were just granted to Greece courtesy of its economy being in the toilet and getting worse (thanks to lies to misrepresent the...
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Guest Post: The Greatest Short - Why All Correlations Are Moving To 1

Submitted by FinsterThe Greatest Short - why all correlations are moving to 1Why do all correlations go to one recently, even in asset classes or sectors which traditionally have moved with a negative beta?
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Europe takes an inspiring leap but Britain has a lesson to learn

Will Hutton: Europeans are engaging in something more bold and innovative but argument is not going to change England's hostility...
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Greeks threatened with power cuts if they fail to pay property tax

Greeks threatened with power cuts if they fail to pay property tax | Eurozone | Scoop.it
Civil disobedience campaign puts pressure on Athens government as it pushes EU/IMF austerity measures...
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EU Urges G-20 Action on Imbalances

This week's summit of the Group of 20 industrial and developing nations in Cannes must match Europe's crisis-resolution efforts and address long-standing issues that hamper the global economy, key European leaders said in a letter to their G-20...
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Jim Rogers Says New Greece Deal Can't Save Europe

Jim Rogers Says New Greece Deal Can't Save Europe | Eurozone | Scoop.it
Investing legend Jim Rogers said that the new Eurozone deal to help Greece isn't enough to fix the region's problems. Until a Greece deal includes more haircuts and stricter crackdowns on spending, Europe -- and the United States -- are in trouble.
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Europe Sneezes, India Catches A Cold

The on-again off-again euro summit in Brussels has bought some time for the embattled currency by writing off half the Greek debt and setting up a $1.4 trillion rescue fund.
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