InfoAnda - Pressure rises as euro debt deadline looms

Pakistanis angry over detentions in Times Sq. case
Monday, May 24, 2010
ISLAMABAD – Relatives of three men detained by Pakistan for alleged links to the suspect in the attempted Times Square bombing say the men are innocent.
They

Taiwan denies boycotting Australian film festival
Thursday, August 6, 2009

AFP - Thursday, August 6TAIPEI (AFP) - - Taiwan's Beijing-friendly government on Wednesday denied boycotting an Australian film festival amid a row over the e

Merkel's support dips, regional ally resigns International
Thursday, September 3, 2009

By Sarah Marsh and Noah Barkin

BERLIN (Reuters) - Chancellor Angela Merkel suffered a double blow on Thursday as a senior party ally in east German

Minister seeks closure of anti-Berlusconi websites
Wednesday, December 16, 2009
ROME (AFP) - – The Italian government moved Tuesday to close down Internet sites encouraging further violence against Prime Minister Silvio Berlusconi, who

Asian markets mixed after Wall Street rally
Wednesday, March 18, 2009

By ELAINE KURTENBACH,AP Business Writer AP - Wednesday, March 18SHANGHAI - Asia's stock market rally seemed to be running out of steam Wednesday, despite an

Hollande to stand by ban on Armenian genocide denial | | 9 July 2012
Iran nuclear talks begin, expectations low | | 21 January 2011
Higher Chance For Stricter Rent Control Laws In New York City With Democrat Rule Of Legislature | 2 February 2009

Thai opposition looks set to form new government | 8 December 2008

Forum Views () Forum Replies ()

Read more with google mobile : Pressure rises as euro debt deadline looms

Yahoo! My Yahoo! Mail More Yahoo! Services Account Options New User? Sign Up Sign In Help Yahoo! Search web search ADVERTISEMENT Home Singapore Asia Pacific World Business Entertainment Sports Technology Weekend Edition Top Stories Most Popular Photos Full Coverage Sitemap Pressure rises as euro debt deadline looms AFP - 2 hours 59 minutes ago Send IM Story Print Pressure rises as euro debt deadline looms BRUSSELS (AFP) - – Europe faces mounting pressure this week to bridge a political chasm running from north to south, and right to left, over how to harmonise economic policy. While the 27-state European Union is preoccupied by upheaval in Libya going into an emergency summit on Friday, markets are sounding ever more pessimistic about progress within the 17-nation eurozone towards resolving its debt crisis. They are already on edge over high oil and food prices, with the knock-on effect that has on inflation and the eurozone already has plans for its own special summit in Brussels later the same day. One major concern will be the decision by Fitch Ratings on Friday to downgrade Spain's sovereign credit outlook at the weekend. Fitch Ratings is one of the three top agencies assessing borrower reliability and was a prime mover in Greece and Ireland's drift to the edge of the precipice last year. Fitch moved Spain from stable to negative, with the agency blaming a weak economy, banking woes and big-spending regional administrations. Fitch also warned that Spain could be punished if another summit on March 24-25 failed to produce a "credible and comprehensive" response to its stated goal of deciding the size, shape and scope of a financial rescue system. Fitch's rating decision -- and its warning on sorting out the rescue mechanism -- came after EU leaders separated across old political faultlines on the how to solve the bloc's economic problems. Right-wing leaders gathered in Helsinki, while the left met in Athens Friday and Saturday. The near 2,500-kilometre distance was more than just symbolic. One EU source close to negotiations on the "comprehensive" package EU president Herman Van Rompuy is negotiating described it as a "chess game" being played out against the clock. He told AFP Germany would not budge on boosting rescue funds and allowing those funds to buy up government bonds from weaker economies such as Portugal, unless Chancellor Angela Merkel could go to voters with "commitments from other countries to reform their economies." In Helsinki late on Friday, Merkel rallied Europe's conservative majority behind a "competitiveness pact" first launched alongside French President Nicolas Sarkozy at an already fractious summit last month. Designed to even out gaps in performance across the eurozone economy, it is presented as a condition for further rescue funding guarantees post-2013. The centre-right European People's Party signed up to a call for states to open up national accounts to EU scrutiny, and face "clear sanction mechanisms" if they failed to comply with new fiscal rules. However, demands which would see everything from wages, pensions or business taxation policies lurch to the right have angered the left. In Athens on Saturday, Europe's socialists launched "an alternative to the Sarkozy-Merkel plan, for creating eight million jobs in Europe," according to Poul Nyrup Rasmussen, head of the Party of European Socialists. "The European right wing is missing the big picture," their gathering concluded. "It ignores the causes and dimension of the multi-faceted crisis that threatens our economy and societies." Other items on the socialist wish-list include the creation of joint eurozone bonds -- which Germany fears would lead to a fiscal transfer union -- and a tax on financial transactions. But a call for a softening of what the left sees as rapacious interest rates for the Greek and Irish bailouts seems unlikely to go the distance. Conservative EPP deputy head and incoming Irish Taoiseach Enda Kenny's own calls have failed to move their political allies in Helsinki. "The real subject of the negotiations is what the current fund can do," said the EU insider of the fall-out over the Berlin-Paris pact. "Can it buy up eurozone public debt or not? And will it be able to offer short-term credit lines to countries? "On these issues, Germany and the Netherlands aren't moving much and if nothing happens there, the markets are likely to start attacking the weakest countries again." An internal EU assessment of the state of play seen by AFP shows a welter of division in the detail: states are unable even to agree on how to calculate debt data. Such basic differences suggest that major changes are almost certain to take years to be implemented. Recommend Send IM Story Print News Search Top Stories HSBC eyes moving HQ to Hong Kong: report Pressure rises as euro debt deadline looms British budget most 'pro-growth for a generation' Charity gala starring Putin 'raised no money': doctors African Union chief takes message to Gbagbo after killings More Top Stories » ADVERTISEMENT Most Popular Most Viewed World's sixth mass extinction may be underway: study Charlie Sheen latest: 'I'm Jewish, off to Haiti' Kadhafi forces accused of 'massacre' as battles rage Kadhafi still boosted by millions of oil dollars: FT Charity gala starring Putin 'raised no money': doctors More Most Viewed » More Most Recommended » Elsewhere on Yahoo! Financial news on Yahoo! Finance Stars and latest movies Best travel destinations More on Yahoo! News Home Singapore Asia Pacific World Business Entertainment Sports Technology Weekend Edition Subscribe to our news feeds Top StoriesMy Yahoo!RSS » More news feeds | What are news feeds? Also on Yahoo! Answers Groups Mail Messenger Mobile Travel Finance Movies Sports Games » All Yahoo! Services Site Highlights Singapore Full Coverage Most Popular Entertainment Photos Yahoo! News Network Copyright © 2011 Yahoo! Southeast Asia Pte. Ltd. (Co. Reg. No. 199700735D). All Rights Reserved. Terms of Service | Privacy Policy | Community | Intellectual Property Rights Policy | Help

Other News on Sunday, 6 March 2011
Oman's ruler replaces two top ministers after protests |
Indian coalition ally withdraws from govt
Rain washes out Australia-Sri Lanka W. Cup clash
Kadhafi still boosted by millions of oil dollars: FT
Kadhafi forces accused of 'massacre' as battles rage
Mumbai slum fire destroys home of Slumdog actor |
Ex-Soviet Georgia eyes film industry rebirth |
British budget most 'pro-growth for a generation'
Egyptians storm state security buildings
S.Korea websites hit by fresh cyber attack
Charity gala starring Putin 'raised no money': doctors
Egypt ex-interior minister denies criminal charges
HSBC eyes moving HQ to Hong Kong: report
Heavy machinegun fire rocks Libyan capital Tripoli |
Saudi Arabia says won't tolerate protests
Pressure rises as euro debt deadline looms
Azerbaijan, Armenia back peaceful resolution of Karabakh
State security building torched in Cairo
David Arquette injured in serious head-on collision
Cuban court to rule in U.S. contractor case |
Berlusconi to attend all trial hearings
African Union chief takes message to Gbagbo after killings
Lady Gaga spends third week at #1 on Billboard Hot 100 with "Born This Way"
Human Rights Watch slams journalists' arrests in Turkey
Ireland's main parties form new coalition government |
Marines in deadly Afghan valley face combat stress
Saudi interior ministry says protests illegal
New Zealand quake to cost up to $11 billion |
State security building torched in Cairo: sources |
Philippines names new military chief amid corruption scandals |
Indian coalition ally withdraws from government
Espionage trial ends for American in Cuba: diplomat
New Zealand earthquake death toll rises to 166
Cuban court to rule in U.S. contractor case
Thousands in Bangladesh protest at Yunus sacking
US-ENTERTAINMENT Summary
Jean Paul Gaultier appeals to the older woman in Paris show
NZ quake to cost up to NZ$15 billion
Galliano's work is proof he's not racist: Jean Paul Gaultier
Mexico documentary plays on despite judge's order
Colosseum protest against culture budget cuts
Ex-Soviet Georgia eyes film industry rebirth
Mumbai slum fire destroys home of Slumdog actor
South Korean filmmaker brings diabolic tale to US
Kristen Stewart "confirmed" to play Snow White
Feds charge Jared Lee Loughner in six murders
Rattles Recalled by Rhino Toys Due to Choking Hazard
IKEA Recalls French Press Coffee/Tea Makers Due to Burn and Laceration Hazards
Manhattan Group Recalls Parents Wooden Activity Toys Due to Choking Hazard
N. Korea jammed S. Korea GPS devices: report
India comes alive at the Kennedy Center for twenty days
First “Star Wars” 3D film gets official release date
David Cook scores “American Idol” Season 10 exit song
Obama: America's future tied to funding education reforms
Obama’s pledge of assistance in Mexican drug war creates criticism
Mumbai slum fire destroys home of Slumdog actor |
RFK assassin Sirhan Sirhan loses 14th parole bid
Daily claims Mubarak in Saudi Arabia for cancer treatment, Egypt embassy denies reports
DHS addresses Tri Valley University dilemma
Can the "love wheel" stop infidelity in marriage?
Pizzeria owner in mice-planting case to seek psychiatric test
Newborn dead for 25 minutes revived then frozen to heal brain damage
Hepatitis fear prompts U.K. authorities to seize ice cream made from breast milk
Overcrowded Canadian hospital uses doughnut shop as temporary ER
Libya: live report
Blast kills six in Iraqi oil city Basra
Kenya coffee eyes new golden era
U.S. warns citizens on Yemen |
Clashes as rebels deny Libyan counter-offensive
Afghan bomb kills 12 civilians
Bahrain promises government jobs, protests continue |
Japan foreign minister quits in fresh blow to PM |
Afghans protest over child deaths in NATO raid
U.S. apology for Afghan deaths not enough: Karzai |
Afghan official: Bomb kills 12 civilians
Fighting erupts in Ivory Coast |
Bomb kills NATO service member in Afghanistan
Saudi Arabia detains 22 Shi'ites: activists |
Turkey jails two more journalists over coup plot |
Damned if you do, damn if you don’t
N.Korea behind GPS signal disruption in South: reports |
Radio Shangri-La
India Congress aims to shore up government after ally quits |
N.Korea behind GPS signal disruption in South
Beijing says "jasmine protest" calls doomed to fail
Taiwan's oppisition gets landslide win in by-elections
Bangladesh police disperse rioting students
Court to rule on Nobel laureate's dismissal
Rwanda looks to vasectomy to tackle population growth
Thai prosecutors drop charge against Philips Morris
Haiti carnival turns dark as it returns after quake
China promises sweeping economic change
Monk shot dead, 2 others serious in Southern Thailand
Jason Polan only got 8 million faces left to draw
Thousands attend cremation rite of revered Thai monk
Kabul project seeks peace through skateboarding
Englishman commits suicide in Phuket
Bleaching and resilience: can reefs survive?
Greece at new risk of being pushed off euro
Bodies of missing Tenn. mom, Jo Ann Bain, and daughter found
Female Breasts Are Bigger Than Ever
AMD Trinity Accelerated Processing Units Now in Volume Production
The Avengers (2012 film), made the second biggest opening- and single-day gross of all-time
AMD to Start Production of piledriver
Ivy Bridge Quad-Core, Four-Thread Desktop CPUs
Islamists Protest Lady Gaga's Concert in Indonesia
Japan Successfully Broadcasts an 8K Signal Over the Air
ECB boosts loans to 1 trillion Euro to stop credit crunch
Egypt : Mohammed Morsi won with 52 percent
What do you call 100,000 Frenchmen with their hands up
AMD Launches AMD Embedded R-Series APU Platform
Fed Should not Ignore Emerging Market Crisis
Fed casts shadow over India, emerging markets
Why are Chinese tourists so rude? A few insights

USD EUR - 1 year graph		BlogMeter 1.01