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Posts related to ‘eurozone’

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Are World Markets on the Verge of Another Devastating Credit Bubble?

Posted: December 11, 2012 at 7:35 am

Less than five years ago, economic Armageddon appeared at the door. Lehman Brothers failed. Merrill Lynch was sold to Bank of America Corp. (NYSE: BAC) and J.P. Morgan Chase & ...
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French Unemployment at 14-year High

Posted: November 27, 2012 at 2:33 pm

A stalled French economy continues to bleed jobs as another 45,100 job seekers joined the nearly 3.1 million French citizens already looking for work in October. The total number of ...
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Catalonia Votes for Independence

Posted: November 26, 2012 at 9:59 am

In a snap election announced just a few weeks ago, voters in the Spanish region of Catalonia have given a clear majority of votes to parties seeking referendum on independence ...
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Fitch Also Down on Europe

Posted: October 19, 2012 at 12:15 pm

We noted earlier today that Moody’s Investors Service had some cautionary words on Germany’s banking system. Fitch Ratings has similar, if more general concerns. Following yesterday’s summit meeting of European ...
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France, Germany Fight Over Eurozone Budget Power

Posted: October 18, 2012 at 1:45 pm

German Chancellor Angela Merkel and French President Francois Hollande met briefly today before a summit meeting of eurozone leaders to discuss the role of the banking supervisor that is to ...
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Fitch: European Stability Mechanism ‘AAA’

Posted: October 8, 2012 at 2:32 pm

Fitch Ratings today bestowed a ‘AAA’ rating on the European Stability Mechanism (ESM) that began its operations today and replaced the temporary European Financial Stability Fund (EFSF). Fitch’s rating is ...
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Eurozone Economists Cut Growth Forecasts

Posted: October 5, 2012 at 12:42 pm

Three of Europe’s leading economic institutes today lowered their economic growth forecasts for the eurozone. Germany’s Ifo Institute, France’s Insee, and Italy’s Istat all predict now that the single currency ...
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S&P Sees Eurozone Recession Continuing

Posted: September 25, 2012 at 9:06 am

The contracting eurozone economy is getting worse, according to a report today from Standard & Poor’s. Here’s the general point: Recent economic indicators continue to paint a bleak picture for ...
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Report on Greek Debt May Wait Until After U.S. Elections

Posted: September 21, 2012 at 11:21 am

A report from the so-called ‘troika’ -- the European Commission, the European Central Bank, and the International Monetary Fund -- on Greece’s ability to repay its debt may be delayed ...
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Germans Don’t Love the Euro

Posted: September 17, 2012 at 8:44 am

In a recent poll by Germany’s Bertelsmann Foundation, some 65% of German believe they would be better off if the country had not adopted the euro. The same poll revealed ...
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Germany Bound for Depression — Soros

Posted: September 10, 2012 at 4:20 pm

Investor George Soros laid it on the line in a speech today in Berlin: The policy of fiscal retrenchment in the midst of rising unemployment is pro-cyclical and pushing Europe ...
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Bank of England Waits for Draghi

Posted: September 6, 2012 at 7:42 am

The Bank of England this morning announced that it would leave its policy lending rate unchanged at 0.5%, the same level it has been on since March of 2009. The ...
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High Stakes, No Limit ECB Bond-Buying Plan

Posted: September 5, 2012 at 9:05 am

At its meeting today in advance of tomorrow’s scheduled announcement of yet another plan to save the eurozone’s banking system, the European Central Bank (ECB) will discuss a plan put ...
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Spain Offers Financial Reform Plan, Focus Turns to ECB

Posted: August 31, 2012 at 9:04 am

The Spanish government today approved a set of financial reforms that it hopes will end the country’s banking crisis. The proposed reforms will fulfill a commitment by Spain to the ...
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Merkel Wants Greece to Stay in Eurozone

Posted: August 24, 2012 at 11:55 am

U.S. equity markets jumped sharply about half an hour ago following a report in The New York Times that German chancellor Angela Merkel said: I want Greece to stay in ...
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