Europe's reaction to the fiscal crisis and the stabilization fund set up to deal with it must be commensurate to the problems involved, European Central Bank President Jean-Claude Trichet said on Friday.
With the current round of [US quantitative easing] set to end in June 2011, and our US economics team now forecasting strong US economic growth in 2011 and 2012, we expect US real interest rates to begin to rise into 2012, says a new bullion report from former investment-bank Goldman Sachs.
The European Central Bank (ECB) left the benchmark rates unchanged for the 19th straight month, and said it would extend its longer-term liquidity tenders into the first quarter of 2011
If the ECB lives up to market expectations, the pair could rise further but a strong resistance area is up there, between 1.3266 (key long-term resistance) and 1.3357 (38.2 fibonacci retracement from June 7 lows), between which the 100-day SMA (1.3323) is also falling.
France and Germany, the two leading countries of the euro zone, may have intentionally engineered a competitive currency devaluation by pushing private investors to share the burden of future sovereign bailouts.
The force of political will binding together a seemingly crumbling euro zone is still strong, but the imperatives of domestic economic realignments could force members to an exit option, analysts have said; and the road out of the bloc doesn’t exactly look daunting.
Sovereign debt crises in peripheral Europe threaten to bring down the overall euro zone economy because European banks are heavily expose those debt.
Greece's international lenders have agreed to provide the debt-ridden country with the third installment of a loan – valued at 9-billion euros -- but warned that the Greeks must make an extra effort to address its deficit next year.
Full-text of speech by Fed Chairman Ben Bernanke at the sixth European Central Bank Central Banking Conference, in Frankfurt, Germany , on Nov. 19, 2010.
As Ireland appears to be on the verge of resolving its debt crisis, the focus may now shift to yet another fiscally-troubled peripheral euro nation, Portugal.
As comments from Dublin and Brussels strongly hint at the possibility of Ireland formally seeking international financial support sooner or later, analysts are mulling the chances of a possible bailout of the stricken Celtic Tiger by the robust Chinese Dragon.
Ireland is open to talks with the European Union and the International Monetary Fund (IMF) over a bailout program for its failed banks, EU Economics and Monetary Affairs Commissioner Olli Rehn said after a Tuesday night meeting of eurozone finance ministers and officials in Brussels.
The European Union (EU) cannot survive if it fails to solve the debt crisis plaguing the continent, warned EU president Herman Van Rompuy.
Ireland's grip on the slippery debt-mired track is giving way fast as bond yields widened to a level with Greece’s before Athens went broke and was bailed out, fueling speculation that the country could be soon looking for international financial assistance.
Peripheral Europe faces waning public demand because of austerity measures, conditions that make exports difficult, and a banking sector that has not recovered well from the financial crisis. All this comes at a time when recovery is still fragile and the risks of a double-dip recession are real.
For big U.S. banks, Basel III will likely have limited impact in the short-term because of its generous phase-in timeline
The European Central Bank extended its liquidity safety net for vulnerable euro zone banks into next year, delaying its exit from crisis measures for now as it urged caution about the economic recovery.
The European Central Bank held interest rates at a record low on Thursday and is expected to keep its liquidity safety-net for banks in place as well amid a lopsided recovery and worries about vulnerable banks.
The euro edged up on Thursday after healthy results at Spanish and French bond auctions but investors cautiously awaited comments from European Central Bank President Jean-Claude Trichet.
The ECB earlier left interest rates unchanged, as expected, at 1.0 percent. The decision had little impact on the euro. Trichet was due to hold a news conference at 1230 GMT.
World stocks hit a two-week high on Thursday and oil prices rose as optimism from strong U.S. and Chinese manufacturing data extended into a second day ahead of a euro zone interest rate decision and key U.S. jobs data.
The European Central Bank is expected to extend its liquidity safety-net on Thursday, delaying its exit from crisis support as policymakers confront a lopsided euro zone recovery and vulnerable banks in perimeter countries.
Ireland should consider shutting down nationalised Anglo Irish Bank over a period of about five years, the Green Party, the smaller member in the governing coalition said on Monday.
