Showing posts with label Eurozone. Show all posts
Showing posts with label Eurozone. Show all posts

Monday, December 5, 2011

Fed may give loans to IMF to help euro zone: paper

(Reuters) - The Federal Reserve, along with the 17 euro zone national central banks, may help provide the International Monetary Fund with funds that could be used to aid debt-ridden states, a German newspaper said.

Die Welt cited sources close to the negotiations as saying the euro zone central banks could pay at least 100 billion euros ($134.2 billion) into a special fund that could be used for programs for nations struggling to control their debts.

"Also other central banks, for example the U.S. Federal Reserve, are apparently prepared to finance a part of the costs," the paper said in an advance copy of an article to appear on Monday.

Treasury Secretary Timothy GeithnLinker may discuss the idea in the coming weeks when he visits Europe, the paper said...[Full Article]

Wednesday, November 30, 2011

Businesses plan for possible end of euro

Financial Times

International companies are preparing contingency plans for a possible break-up of the eurozone, according to interviews with dozens of multinational executives.

Concerned that Europe’s political leaders are failing to control the spreading sovereign debt crisis, business executives say they feel compelled to protect their companies against a crash that can no longer be wished away. When German chancellor Angela Merkel and French president Nicolas Sarkozy raised the prospect of a Greek exit from the eurozone earlier this month, it marked the first time that senior European officials had dared to question the permanence of their 13-year-old experiment with monetary union...[Full Article]


Tuesday, September 27, 2011

Trader on the BBC says Eurozone Market will crash



http://www.youtube.com/watch?v=aC19fEqR5bA

Uploaded by on Sep 26, 2011

http://www.facebook.com/NSOTD
In a scary and painfully frank interview a freaked out BBC interviewer is visibly shaken when market trader Alessio Rastani predicts that the "Market is Toast." Apparently there is nothing Euro governments can do.
Update:
The BBC featured a version of this clip on their website. It includes a few seconds missing from the beginning, but ends before the newsreader describes the situation as a "Nightmare!" http://www.youtube.com/watch?v=jsDjTbP7TS0