Central banks and investors in emerging markets are regaining their appetite for the euro and euro-denominated assets as concerns over a disorderly Greek default fade.
Archive for the ‘Battle for Europe’ Category
Emerging markets regain taste for euro
Posted by seumasach on February 27, 2012
Posted in Battle for Europe | Tagged: dollar collapse | Leave a Comment »
Brazil wants more IMF power for extra eurozone funds
Posted by seumasach on February 26, 2012
26th February, 2012
Brazil has said that developing nations would be happy to provide more money to ease the eurozone’s debt crisis, in return for more power within the International Monetary Fund (IMF).
Posted in Battle for Europe, Multipolar world | Tagged: G20 conference, Guido Mantega, IMF reform | Leave a Comment »
Euro Zone agrees on 130-billion-euro bailout for Greece
Posted by seumasach on February 21, 2012
21st February, 2012
Following marathon talks in Brussels, euro-zone finance ministers have agreed upon a second rescue package for Greece, worth 130 billion euros. The deal saves Athens from having to default in March. As part of the agreement, the private sector will take a 53.5 percent haircut on its holdings of Greek debt.
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Full text of Joint Press Communique of the 14th China-EU Summit
Posted by seumasach on February 21, 2012
14th February, 2012
The fourteenth China-EU Summit was held in Beijing on 14th February 2012. Premier Wen Jiabao of the State Council of the People’s Republic of China attended the meeting on behalf of China. The European Union was represented by Mr. Herman Van Rompuy, President of the European Council, and Mr. Jose Manuel Barroso, President of the European Commission.
Posted in Battle for Europe, Multipolar world | Tagged: China-EU Comprehensive Strategic Partnership, China-EU cooperation | Leave a Comment »
China’s Xi: Considers more involvement In EU debt crisis – Bloomberg
Posted by seumasach on February 20, 2012
20th February, 2012
China’s VP Xi Jinping, in a speech in Dublin last night, said his country is considering more support for Europe.
Posted in Battle for Europe | Tagged: china-europe cooperation, European Financial Stability Fund (EFSF), european stability mechanism(ESM), Xi Jinping | Leave a Comment »
Global Systemic Crisis: Towards a Renaissance in European political and economic integration
Posted by seumasach on February 19, 2012
Global Economic Anticipation Bulletin (GEAB) no 62
18th February, 2012
As anticipated by LEAP/E2020, the fear largely fed by the City of London and Wall Street of a Eurozone break-up over the Greek debt crisis proved unfounded.
Posted in Battle for Europe | Tagged: bailout, bailouts, bankrupt Britain, End of empire, financial collapse, franck biancheri, Laboratoire européen d’anticipation politique LEAP, no more bailouts-put banks into receivership | Leave a Comment »
China’s Xi says EU debt problems are ‘temporary’
Posted by seumasach on February 18, 2012
18th February, 2012
(DUBLIN) – China believes the EU’s economic problems are temporary and it will continue to support the bloc’s efforts to deal with its debts, leader-in-waiting Xi Jinping said Saturday ahead of a visit to Ireland.
Posted in Battle for Europe | Tagged: Xi Jinping | Leave a Comment »
Treasury notes decline a third week amid optimism over greek debt bailout
Posted by seumasach on February 18, 2012
The Resolution of the euro crisis will be the trigger of the dollar crisis
18th February, 2012
Treasury notes fell for a third consecutive week amid speculation Greece will secure an aid package from European leaders, discouraging demand for the safest assets.
Posted in Battle for Europe, Currency Wars, Financial crisis | Tagged: dollar collapse, End of empire | Leave a Comment »
China central banker backs euro, vows more support
Posted by seumasach on February 15, 2012
15th February, 2012
BEIJING: China’s top central banker Wednesday expressed confidence in the euro and pledged to continue buying European sovereign debt, as the Asian giant seeks to shore up support for its biggest trading partner.
Posted in Battle for Europe | Tagged: China-EU cooperation | Leave a Comment »
European stocks rise on China pledge of help
Posted by seumasach on February 15, 2012
European Stocks Rise on China Pledge of Help; BNP, Heineken Gain
15th February, 2012
“China has pledged to contribute to the bailout fund, which not only could increase the firepower available but might also persuade other countries like Japan, Russia, oil-rich states and possibly even the U.S. to actively take part in combating the crisis,” said Markus Huber, head of German sales trading at ETX Capital in London.
China pledged to invest in Europe’s bailout funds and sustain its holdings of euro assets. The commitment offers an incentive to European finance ministers, who are increasing pressure on Greece to deliver budget cuts in exchange for a second bailout.
Posted in Battle for Europe, Currency Wars | Tagged: China-EU cooperation | Leave a Comment »
In These New Times 