European banks tap ECB for record €529.5bn - TelegraphEuropean banks tapped the European Central Bank for a record €529.5bn in a second three-year auction of cheap liquidity on Wednesday, the ECB said.
IMF Says Global Economy Is Still Facing Major Risk From Europe - BloombergThe global economy faces “major downside risks” as its recovery continues to be threatened by stresses in the euro area, the International Monetary Fund said in a report prepared for the Group of 20 nations.
Nitey nitey Risk Assessors
The Unemployment Zone aint stabilising as hedge funds prepare for gloom & Lithuania prepares for Threece
EU jobless figures reach euro-era high of 10.7% - The Irish Times - Fri, Mar 02, 2012The increase reported by Eurostat, the EU’s statistics office, was much more than expected.
Spain's jobless rate hits 22.9% - The Irish Times - Fri, Mar 02, 2012
Greece Default SWAPS Don’t Have to Pay: ISDADefault insurance on Greek debt won’t be paid out, the International Swaps & Derivatives Association said after it was asked to rule whether part of the nation’s $170 billion bailout was a credit event.
Lithuanian President: EU will do 3rd Greek bailout if needed | ForexLive
Greece still on a knife edge as cuts help be-troubled Italy & the ECB is the holder of 1st resort...
EU finance chiefs give Greece $58bn but stoke fears of default after delaying bail-out decisionEuropean powers approved the release of funds for Greece's international creditors but delayed the decision to bail out Athens until March 12 - perilously close to the country's default deadline.
EU finance chiefs give Greece $58bn but stoke fears of default after delaying bail-out decision - Telegraph
Italy’s 2011 Deficit Narrows More Than ExpectedItaly’s budget deficit narrowed more than economists forecast last year as spending cuts and tax increases helped shore up public finances even with the economy slipping into a recession.
ECB Says Overnight Deposits Surge to Record - Bloomberg“Banks’ deposits are going to stay at around 800 billion euros at least for the next year,” said Laurent Fransolet, head of fixed income strategy at Barclays Capital in London. “It’s an accounting identity.
That's the bit I find odd.European powers approved the release of funds for Greece's international creditors but delayed the decision to bail out Athens until March 12 - perilously close to the country's default deadline.
Haven't read enough on it but it seems that they are releasing enough funds to pay creditors but letting Greece swing.
And this when Greece will only see 17% of the money in any event.
It is as if they are taking pleasure in inflicting humiliation and pain.
Is it really the ESM?
Can anyone tell me how many posts I need before I can post a bloody link or start a new thread?
If these guys say China is goin bad then it must be real bad!
IMF Survey: Continued Recovery for IrelandAfter three years of recession, Ireland’s economy is recovering, albeit slowly.