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  • Fearful Germans add to Greeces woes by staying away in droves


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    Images of anti-German protests have caused 50,000 holiday cancellations in 10 days Every May, coaches carrying German tourists would cruise up the long winding road that leads from Pyrgos to ancient Olympia. There they would decant in en masse, a permanent fixture in the tavernas, bars and shops that line the ...
    57 minutes ago
  • Fear of Bank Runs in U.S. Hit All Time Highs


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    Infowars.com May 26, 2012 While the global elite are still clinging to the hope that the euro single currency can survive a Greek exit that now looks inevitable, some members of the financial aristocracy have already given up on the entire eurozone altogether.
    1 hour ago
  • Reality Check: Scan foreign sources for real financial news…


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    Irish Independent Excerpt and Link: “Scandinavia’s banks were also under the spotlight as the ratings agency Moody’s cut its credit ratings on three of the biggest players in Norway and Sweden… Fund managers have caught fright at the increasing risk of contagion in the eurozone ahead of a possible Greek ...
    1 hour ago
  • Euro crisis: UK is drawing up contingency plans to cope with a possible large increase in immigration from Greece if the euro collapses.


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    The Home Office is drawing up contingency plans to cope with a possible large increase in immigration from Greece if the euro collapses. Home Secretary  Theresa May told the Daily Telegraph “work is ongoing” to restrict European immigration  in the event of a financial collapse. She said “trends” were ...
    1 hour ago
  • If Greek withdrawal happens, and that could be within days, it will be very sudden. An emergency government in Athens will have to relaunch the drachma and probably impose something close to martial law to keep order.


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    Telegraph Excerpt and link: “If Greek withdrawal happens, and that could be within days, it will be very sudden. An emergency government in Athens will have to relaunch the drachma and probably impose something close to martial law to keep order. The real difficulty for Britain comes if there is then contagion, ...
    1 hour ago
  • Eurozone, Eurovision and Jubilee


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    Eurozone and Eurovision grab papers attention
    3 hours ago
  • Stock market review (weekly) after 25th May, 2012.


    STOCK TRADERSAuthority Authority: 114
    One of my friends was asking me about Nostradamus predictions (21 st December, 2012!!!), practically I don’t believe these things but if Greece exits Euro then it will open a Pandora’s Box. I think then many astrologers may think twice about 21 st December, 2012. This week Euro zone leaders are talking ...
    5 hours ago
  • Solutions to the eurozone crisis


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    This Venn diagram is as a neat a summary as I have seen of the conclusion of the latest EU summit, which finished yesterday. H/T to Pawelmorski, of Twitter, who appears to work in fund management.  
    1 day ago
  • Totting up Germany’s eurozone exposure


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    Any discussion that involves a discussion of the Euro-system’s TARGET2 mechanism carries a big fat tail-risk that this correspondent’s head will explode. But we’ll...
    1 day ago

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    Britain Can’t Afford to Fall for the Charms of the False Economics Messiah Paul Krugman THE DAILY TELEGRAPH: Superstar economist Paul Krugman wants us to change course, but his solutions are simplistic. What does the future hold as Europe slides, ever more hopelessly, towards the abyss? As David Cameron ...
    1 day ago
  • A Bold Leap Towards Political Integration Needed, Says Draghi


    Spanish newsAuthority Authority: 110
    The President of the European Central Bank (ECB), Mario Draghi, believes that Europe needs to take a leap towards greater political integration in order to convince investors about the future of the monetary union. El Economista reported that during his speech, the president of the ECB said that the “extraordinary ...
    1 day ago
  • News That Matters


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    Ft.com Some of Europe’s biggest fund managers have confirmed they are dumping euro assets amid rising fears over a possible Greek exit from the eurozone and single currency turmoil. The euro’s sudden fall this month caught many investors by surprise. Europe’s single currency has lost 5 per cent in the ...
    1 day ago
  • News That Matters


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    Ft.com Some of Europe’s biggest fund managers have confirmed they are dumping euro assets amid rising fears over a possible Greek exit from the eurozone and single currency turmoil. The euro’s sudden fallthis month caught many investors by surprise. (Read more…) Europe’s single currency has lost 5 per cent in ...
    1 day ago
  • Thailand exports in shock decline


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    25 May 2012 Last updated at 03:54 ET Thailand has reported a surprise fall in its exports for April because of falling demand from key markets such as Europe and the US. Shipments fell 3.7% from a year earlier. Many analysts had forecast an increase of more than 3%. Continue reading
    1 day ago
  • Eurozone crisis live: ‘Battle lines’ drawn over eurobonds


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    http://www.guardian.co.uk Eurozone crisis live: ‘Battle lines’ drawn over eurobonds Divisions between EU leaders take centre stage in the absence of major economic data8.07am: So what is all the fuss about Eurobonds about? Read our essential guide here.8.04am: The FTSE 100 index in London has opened ...
    1 day ago
  • Eurozone crisis live: Battle lines drawn over eurobonds


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    Divisions between EU leaders take centre stage in the absence of major economic data 7.48am: Good morning and welcome back to our rolling coverage of the eurozone debt crisis and world economy. Its a quiet day for economic data in Europe today, so the divisions between EU leaders over how to restore confidence in ...
    1 day ago
  • Spanish, Chinese firms sign deals valued at $626 mn


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    Madrid, May 25 (IANS/EFE) Spanish and Chinese companies have signed five cooperation agreements and nine sales contracts for Spanish goods being bought by the Asian giant valued at around 500 million euros ($626.8 million).Spanish Prime Minister Mariano Rajoy and the speaker of China’s parliament, Wu Bangguo, ...
    1 day ago
  • Eurozone PMI Disaster – Worst Downturn Considering that Mid-2009, Production and Composite at 35-Month Reduced Count on Several GDP Downgrades, Missed Price range Targets


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    Markit Studies Eurozone PMI Suffers Worst Downturn Considering that Mid-2009 Flash Eurozone PMI Composite Output Index at 45.nine (46.7 in April). 35-month low. Flash Eurozone Solutions PMI Exercise Index at 46.5 (forty six.nine in April). seven-month minimal. Flash Eurozone Production PMI at forty five. (forty ...
    1 day ago
  • Too Many Political Meetings on the Economy in Europe, Not Enough Input from Business


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     You may be aware that various European leaders met yesterday regarding the ongoing crisis.  This crisis is economic. Anyone who has followed Europe’s downward economic trend the past couple of years has grown accustomed to repeated meetings of the leaders of Germany and France, either the heads of state or their ...
    1 day ago
  • Eurozone Data Disappoints


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    The Euro (EUR) moved lower in early European trading as Flash PMI numbers fell considerably short of expectations, added to a sharp decline in German IFO business climate for the month of May, raising further fears of global activity slowing. The single currency trade as low as 1.2516, a fresh Fundamental Analysis ...
    1 day ago

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