EUR
Greece to hold new election, jolts euro markets
…leader Evangelos Venizelos told reporters after party leaders met the head of state. Euro zone finance ministers dismissed talk of Greece leaving the single currency area as “propaganda and nonsense” on Monday. But with hostility to EU/IMF-imposed austerity…
Snam seeking 2 bln euro loans for growth after Eni
…Banks have already received a term sheet outlining details for the 11 billion-euro syndicated loan led by BNP Paribas, JP Morgan, Intesa Sanpaolo and UniCredit in what will be one of the biggest syndicated loans of the year. When the loan is secured Snam will…
Euro Attempting to Recover on Technical Bounce and Solid Data
By Joel Kruger, Technical Strategist for DailyFX.com Risk correlated assets finally finding some support Moves classified as corrective consolidation at this point Solid Eurozone data and positive news out of Greece help to inspire bids Technical studies also warn of additional Euro gains before resumption of downtrend German GDP strong, French and Eurozone weaker German [...]
The euro divide: Some stout, others border on ‘depression’
…with Germany again leading the way as it continues to benefit from an undervalued currency, while others stagnate. Austerity in the periphery just means that the recession in those economies will persist for longer.” Markets mixed Global stock markets are…
EUR/USD – Where Might Unwinding Meet Selling Again?
Forex Technical Update Previous: EUR/USD Edges Below 1.29 as Eurozone Bankers Brace for Greek Exit (5/14) EUR/USD 1H chart 5/15/2012 7:48AM EDT After a 2-week tumble from about 1.3280 to 1.2810 , the EUR/USD started to stall against this trend in the 5/15 European session. The Euro Area avoided a recession in Q1 on the back of positive German GDP data. In my opinion, the data is not that great at all, but risk sentiment have been stretched and this data did not stoke a panic. The pullback might not have much juice unless EU finance officials coming out of the Brussels meeting give the markets confidence and hope that Greece will stay in the Eurozone and countries like France won’t renege on their austerity measures “forced” upon French citizens as a condition of the bailouts received.
Euro in big trouble amid talk of Greek exit and fears of Irish turmoil
…zone partners have unanimously affirmed their unshakeable desire to keep Athens in the Euro during our talks. This is nonsense, this is propaganda.” However Austrian finance minister Maria Fekter has claimed that Greece will have to leave the Euro zone AND…
Euro zone avoids recession as Germany powers ahead
…though the figures provided clear evidence of the contrasting fortunes within the single currency bloc. More related to this story The flat outcome confounded expectations for a 0.2-per-cent decline, which would have put the euro zone back into recession –…
Euro Unmoved by Mixed German ZEW Survey, Weak EZ GDP Data
…has thrown markets into limbo and cast doubts on Greece’s future with the single currency. A Greek exit would cause European governments to lose huge sums of money lent to Greece, and would likely throw the entire region into economic turmoil. The most recent…
Sterling Falls as UK Trade Balance is Weakened by Euro Crisis
…trade deficit between the UK and Europe will continue to grow. The lack of growth in European exports could be cited as one of the contributors to the fall in the first quarter UK GDP. Tomorrow, Bank of England Governor Mervyn King will hold a press conference…
Sterling Falls as UK Trade Balance is Weakened by Euro Crisis
…trade deficit between the UK and Europe will continue to grow. The lack of growth in European exports could be cited as one of the contributors to the fall in the first quarter UK GDP. Tomorrow, Bank of England Governor Mervyn King will hold a press conference…
Myopic EUR View Tops
…nature. The markets positioning is backed by tech analysts who still see the single currency wanting to trade higher, back to yesterdays top north of 1.29. However, Euro-zone bond spread widening would suggest that the EUR is far more comfortable trading lower…
Greek euro exit would cost France 50 billion euros: minister
…Asked whether French financial institutions could survive a Greek exit from the euro, Baroin said: “Greece is not a big matter in itself, it’s not a major risk and our banks would be entirely able to absorb it. “But what is very complicated to predict is the…
Fears of euro meltdown grow as Greece stays in deadlock
…bankers joined politicians and economists in openly warning about the break-up of the euro. It came as eurozone finance ministers met last night to discuss strengthening bank regulations as well as the advancing debt crisis. In London, the FTSE 100 ended down…
Eurozone crisis live: Greece talks continue as euro exit fears grow
…under relentless pressure to solve the crisis. Economically it’s a big day, with eurozone GDP for Q1 2012 being released. We’ve already had data from France (which stagnated with 0% change to GDP), and Germany (which smashed forecasts with a 0.5% rise). More…
Billions wiped off value of shares as Merkel admits Greece could quit the euro
…Coalition party Alexis Tsipras (centre) leaves the presidential palace yesterday The euro fell to its lowest level against the pound for three-and-a-half years. John Cridland, director general of the CBI, warned that a Greek exit from the eurozone ‘would be…
What it will mean for you if Greece finally leaves the euro
…eurozone crisis. Those feet would be positively freezing if a country departed the eurozone, and we’d be left holding Irish Life for years and years when we’d much rather be holding the cash.Our banks would be back in the eye of the storm, too, and we’d need…
Greek woe hurts euro as sterling hits three year high
…its weakest level since autumn 2008. The pound, which hit a fresh 33-month high against a basket of currencies, was still holding comfortably above the €1.25 mark last night. The euro stood at 79.7p at 5pm – down 0.75p on its pre-weekend close in London….
Euro chief lashes out at Greek exit ‘propaganda’
…system in Spain and Italy. “A Greek exit might actually be a good thing for the eurozone in the long run,” said ETX Capital trader Markus Huber. Finance ministers from the rest of the EU join their eurozone counterparts on Tuesday to examine rules governing…
Another Poll Shows Investors Overwhelmingly Expect Greece To Leave The Euro
…74.6% though that Greece would leave the Eurozone. However, 95% thought that the EUR would still survive as a currency. Those expecting a state to leave the Eurozone expected between 1.62 and 1.72 countries to leave within a year. Greece seems to be the prime…
Euro debt woes darken mood for G8 summit
…The leaders will meet at a time of growing concern over Europe’s plight, with the eurozone back in recession, and regional leaders demanding Greece stick to its debt rescue deal or risk exiting the euro. Spain’s banks meanwhile are under severe strain and…
