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Papandreou says to save Greece, stay in euro »
By Harry Papachristou
THESSALONIKI, Greece | Sun Sep 11, 2011 1:07am EDT
THESSALONIKI, Greece (Reuters) – Greek Prime Minister George Papandreou said on Saturday he would do whatever it takes to rescue his country from bankruptcy and stay in the euro zone, as doubts in Europe grew over [...]
Analysis: Stark ECB exit hits shaky euro zone at worst time »
By Paul Taylor
PARIS | Sun Sep 11, 2011 6:39am EDT
PARIS (Reuters) – The resignation of the top German official at the European Central Bank could hardly have come at a worse time for euro zone policymakers as they grope for a way out of the deepest [...]
Euro seen under pressure on lack of G7 support »
By Anirban Nag
LONDON | Sun Sep 11, 2011 10:13am EDT
LONDON (Reuters) – The euro and growth-linked currencies may fall on Monday, hit by a lack of concrete measures from Group of Seven finance chiefs to address either faltering growth, the escalating euro zone debt crisis, or [...]
Greek backsliding sparks euro exit talk »
By Madeline Chambers and Noah Barkin
BERLIN | Thu Sep 8, 2011 7:09am EDT
BERLIN (Reuters) – Anger at Greece’s failure to meet fiscal targets that are a condition for its international bailout is nearing breaking point in Berlin and other European capitals, with senior politicians now talking [...]
Euro slides from 6 1/2-month high »
The European common currency stopped its rally for three consecutive weeks against the dollar after touching 6 1/2-month high earlier today, while it also retreated against other majors on renewed debt concerns.
Financial Times said the Irish budget deficit for 2010 will be higher than the latest estimates, while Nobel Prize-winning economist Joseph Stiglitz said European [...]
Euro advances ahead of ECB tender »
The European common currency gained against majors ahead of the ECB offering to loans to banks at 1.00% only after the expiry of the 12-month tender today which alleviated concerns that banks will face trouble in paying debt to the ECB.
European banks have to repay 442 billion euros this month, but the ECB mentioned yesterday [...]
Euro Rallies despite Asia-Pacific Slowdown »
The super economy of China that has dragged the global economy out of recession is beginning to show signs of a consolidation. China’s Manufacturing PMI for June produced a disappointing 52.1, instead of the forecast 53.2. It seems measures to prevent the economy from over heating are beginning to show sign of fruition.
Once again risk [...]
Euro debt crisis watch »
The EU, IMF and ECB relief measures has helped calm fears, but worries remain abundant. The crisis seems to have been “downgraded” from a full-blown global crisis to a more local European crisis. Pressure on the financial system in Euroland remains. Banks in Southern Europe are still having a hard time and the FRA/OIS spreads [...]
“Shock and awe” package lifts euro markets »
BRUSSELS (Reuters) – A $1 trillion global emergency package to stabilize the euro unleashed a spectacular rally in European stocks and bonds on Monday but analysts said EU leaders had only bought time to tackle deep-seated fiscal problems.
The “shock and awe” rescue plan — the biggest since G20 leaders threw money at the global economy [...]
European Markets Snap 3-Day Loss- Euro Strengthens »
4/29/2010 05:30 am: EUR/$..1.3236 $/JPY..93.96 GBP/$..1.5220 $/CHF..1.0835 AUD/$..0.9264 $/CAD..1.0058
European Markets Snap 3-Day Loss- Euro Strengthens
Asia Pacific markets were mostly weaker across the board with Japan’s Nekkei 225 closed for holiday. US equities rebounded yesterday from the losses sustained on news of downgrades in sovereign credit ratings around Europe. Modest gains came on the heels of [...]