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Euro zone IMF loan target in danger as UK declines
Euro zone finance ministers agree 150 bln euros in IMF loans * Sweden, Poland, Denmark, Czech Republic also back plan * Britain says needs more time, can only work within G20 * Schaeuble says no chance of US lending more to IMF By Robin Emmott and Matt …
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Eight out of ten Greeks reject euro exit: poll
31 (Xinhua) — Eight out of ten Greeks reject a possible Greek exit from the euro zone according to an opinion poll published on Saturday, as the Bank of Greece Governor Yorgos Provopoulos warned that such an outcome would "urvavel hell" in the …
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Gold Climbs as Recent Price Drop Lures Buyers, Offsetting Dollar Strength
The euro advanced against the US currency after Europe pledged 150 billion euros ($ 196 billion) to the International Monetary Fund to help stem the region's debt crisis, and as the European Central Bank widened its support for bond markets. …
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Lending to Euro-Zone Private Sector Slows
By WILLIAM LAUNDER And MARGIT FEHER FRANKFURT—Lending to the euro zone's private sector fell in November to its lowest rate in over a year, a sign that economic activity in Europe is poised to remain depressed and that the European Central Bank may …
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Dawn of a year of trading dangerously
The euro zone debt crisis is far from resolved, turmoil in the Arab world has shifted to Syria and Iran has threatened to stop the flow of oil from the Gulf if sanctions are imposed due to its nuclear ambitions. 2011 was a dire year for equities …
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Germany, France Appoint Key Government Officials to ECB's Executive Board
Enlarge image European Central Bank European Central Bank Hannelore Foerster/Bloomberg A Euro sign sculpture stands in front of the European Central Bank's (ECB) headquarters in Frankfurt, Germany. Play Video Play Video Germany and France send two key …
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Germany, France Kick Off Heavy Euro-Zone Bond Issuance In 2012
By Emese Bartha FRANKFURT (Dow Jones)–German and French government bond issuance next week will kick off another busy year in the euro zone, leaving no breather after Italy's bond auction Thursday. The single currency area looks to start 2012 …
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Irish Consumer Lenders' ECB Reliance Rises to 73.1 Billion Euros
30 (Bloomberg) — Irish consumer lenders' reliance on European Central Bank funding increased by 1.6 billion euros ($ 2.1 billion) to 73.1 billion euros in November, according to the country's central bank. Irish resident private-sector deposits fell by …
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My predictions for 2012? Much of the same, sadly
The euro won't collapse, Barack Obama won't lose the White House – and Labour's lumbered with Ed Miliband. What does the new political year hold? Let Mystic Janet reveal all… Photo: GETTY By Janet Daley It has become this column's tradition to …
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UK Bonds Prove Best in World as Cameron Sidesteps Stresses in Euro Zone
They beat German debt, considered the euro area's safest securities, by more than 7 percentage points, the most since 1998. US Treasuries made 9.8 percent. Pacific Investment Management Co., which said last year that gilts were sitting on a “bed of …
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Euro Advances For First Time in 4 Days Against Dollar, Climbs Versus Yen
15 (Bloomberg) — John Taylor, founder, chairman and chief executive officer of FX Concepts LLC, talks about Europe's sovereign-debt crisis and the performance of global currencies including the euro, Norwegian krone and Australian and New Zealand …
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Corporate Euro Bonds Don't Owe You in 2012
But the euro-zone crisis is making history an unreliable compass to steer a portfolio by. That could make for a bumpy, not bumper, New Year. Euro investment-grade bonds were a relatively safe haven in 2011. True, their 1.1% return may sound paltry, …
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Can't wait for Euro 2012
A giant official Euro 2012 soccer ball is displayed as fireworks light up the night sky after the draw ceremony. BY JAKE LEWIS – FAN FUEL BLOGGER It raises a few eyebrows when the European Championship is touted as "the best" football tournament in the …
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London Olympics, Euro 2012, Six Nations and more… this could be our BEST …
Football will play its inevitable part, as England travel to eastern Europe, where they will spend a large chunk of June and, hopefully, the first day of July at Euro 2012. On this, the last engagement of Fabio Capello's expensive tenure, …
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Euro Weakens as French Economy Signals Slowing Growth in European Region
Play Video The euro weakened against most of its major peers as French gross domestic product grew at a slower pace than previously estimated, adding to concern the European economy is stalling. The 17-nation common currency fluctuated against the …
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Astaldi jv wins 791 mln euro Italy road contract
MILAN Jan 2 (Reuters) – Italian construction company Astaldi said its joint venture with Impregilo had been awarded a contract worth a total of 791 million euros to build a road in the south of the country. Astaldi holds 60 percent of the joint venture …
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Norske Skog Rises After Renegotiating Credit Loan Terms
Norske Skogindustrier ASA (NSG) rose the most in two weeks after the Norwegian paper maker said it had negotiated less restrictive terms with banks to its 140 million- euro ($ 181 million) revolving credit line. Norske Skog jumped (NSG) as much as 9.3 …
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World stock markets end a tumultous year well down
The UK FTSE 100 fell 5.6% in 2011, while France and Germany stocks saw falls of 18% and 15% as growing fears for the survival of the euro took their toll. But US stocks ended the year up. The Libyan revolution saw the oil price surge in the first half …
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Torres' Euro 2012 place in danger: Del Bosque
Torres has made 88 appearances for Spain, and scored the winning goal against Germany in the Euro 2008 final to give the team their first major trophy in 44 years. But Torres struggled as Spain won the World Cup last year and has scored just five goals …
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PRECIOUS METALS: Silver At 11-Month Low, Gold Falls As Euro Weakens
A sharp weakening in the euro after days of relative calm in currency markets rattled metals traders and prompted some to head to the sidelines. The losses came in low trading volume, market participants said, with many trading desks lightly staffed …
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Eurozone collapse 'starts this year' says CEBR
Europe's single currency is almost certain to disintegrate within the next decade, a leading think tank has predicted, with Greece and Italy potentially abandoning the euro this year. Douglas McWilliams of the CEBR said Greece seemed 'pretty certain' …
Read more on Telegraph.co.uk

Treasuries end year as one of best 2011 investments
Investors flocked to the safety of US Treasuries after being alarmed by worries that the euro, Europe's shared currency, would collapse because of the enormous debt loads of countries like Greece. As the euro zone debt crisis intensified during the …
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The Euro Crisis in 7 Simple Charts: They're telling you a real pack of lies
The crisis of the euro currency zone is an excellent example of how flagrant lies can successfully be converted into accepted wisdom. Almost every generalization about the crisis found in the mainstream media is false. As a result, the mainstream …
Read more on Real News Network (blog)

Euro falls to 17-month low
By Catherine Tymkiw @CNNMoneyMarkets December 29, 2011: 10:54 AM ET NEW YORK (CNNMoney) — Selling pressure pushed the euro to its lowest level since mid-2010, and the currency could go even lower early next year. The euro slid as low as $ 1.2857 — a …
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Dollar, euro both slip lower
By Michael Kitchen, MarketWatch LOS ANGELES (MarketWatch) — The US dollar kicked off the year with mild losses during holiday-thinned volume, though the currency managed to edge higher against the euro. The dollar index /quotes/zigman/1652083 DXY …
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Euro zone debt crisis weighs on Gulf stocks
By ABDUL JALIL MUSTAFA AMMAN: Arab stock markets suffered extensively in 2011 mainly due to the Arab Spring uprisings, global recovery concerns and the euro zone sovereign debt crisis, financial analysts said Friday. The loss ranged between 3.06 …
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Amid euro crisis, Pinoy 'bayanihan' brews in Spanish café
While he earned over €1300 from his former restaurant job, Rodrigo's monthly paro stands at just above a thousand euros since he availed of it 10 months ago. For those wanting to find new jobs, Filipino workers here give leads. That's what the Ilocanos …
Read more on ABS CBN News