InfoAnda - Greek crisis to dominate ECB Lisbon meeting: analysts

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

Yahoo plans Tuesday reorganization meeting: source | | 6 April 2012
Iran letter to IAEA will advance nuclear talks: Brazil | 22 May 2010
Iraq Sunni group accuses tribes of poll incitement | 4 February 2009

LMFAO keeps party rocking at #1 on Billboard Hot 100 | 14 July 2011

Forum Views () Forum Replies ()

Read more with google mobile : Greek crisis to dominate ECB Lisbon meeting: analysts

Yahoo! My Yahoo! Mail More Yahoo! Services Account Options New User? Sign Up Sign In Help Yahoo! Search web search Home Singapore Asia Pacific World Business Entertainment Sports Technology Top Stories Most Popular Photos Sitemap Greek crisis to dominate ECB Lisbon meeting: analysts AFP - Sunday, May 2 Send IM Story Print A young skateboarder practices in front of the Euro sculpture outside the headquarters of the European Central Bank (ECB) in Frankfurt am Main, western Germany. ECB governors travel this week to Lisbon for a monthly meeting set to be dominated by the Greek crisis and fears it could spread to other countries wrestling with high deficits. FRANKFURT (AFP) - – European Central Bank governors travel this week to Lisbon for a monthly meeting set to be dominated by the Greek crisis and fears it could spread to other countries wrestling with high deficits. The choice of Lisbon for the ECB meeting was made more than a year ago, months before the Greek crisis erupted. But Portugal now finds itself on the front line too: markets have targeted it as potentially the next eurozone country to face problems financing its debt. Considerations of ECB interest rates, still at a record low of 1.0 percent, and even the unwinding of exceptional monetary measures have been overtaken by developments in the eurozone's worst crisis ever. "Comments on monetary policy as well as the economic outlook will likely be of minor interest," UniCredit analyst Nikolaus Keis commented. By the time the bank's governing council meets on Thursday, Athens is likely to have reached agreement with the European Union and International Monetary Fund on a rescue plan worth up to 135 billion euros (180 billion dollars). The ECB's role in a bail-out might mean a painful rethink of its rules, if for example it had to water down criteria again to ensure Greek debt remained eligible as collateral for loans despite having been downgraded to junk status. "In fact, the ECB is now being asked to consider substantial purchases of government bonds as a last resort in case contagion intensifies," UniCredit's chief economist Marco Annunziata said. He referred to fears that Portugal and Spain could be subjected to financial market pressure too, and indirect purchases of low-grade sovereign bonds would raise delicate questions about the quality of the central bank's assets. The Portuguese and Spanish deficits are also well above eurozone limits, and following downgrades of their sovereign debt ratings, the interest they must pay to borrow money on private capital markets shot up last week. Greece's deficit is estimated at 13.6 percent of gross domestic product (GDP), compared with a theoretical eurozone limit of 3.0 percent, and Athens is also being buried under some 300 billion euros in debt. "With contagion rocking Portugal and Ireland and tremors felt also in Spain and Italy, investors now fear we might be heading towards a systemic crisis that could engulf the eurozones sovereign bond markets and its financial system," Annunziata said. Lisbon has vowed to cut its deficit from 9.4 percent of GDP, but there is now "no guarantee that Portugal will not face serious liquidity problems in the months to come," Commerzbank economist Ralph Solveen warned. The general economic picture for the 16-nation eurozone is mixed meanwhile: while business and household confidence is at a two-year high, unemployment is at 10 percent, an all-time peak since the euro's launch in 1999. Inflation has crept up to 1.5 percent, the highest level since December 2008, but remains below the ECB target of just under 2.0 percent. Annunziata concluded that "the ECB is trapped" because only eurozone governments can reduce deficits and debt. The central bank might even be "asked to inflate the debt problem away - its own version of hell," he added. ECB president Jean-Claude Trichet pressed eurozone members Thursday to make a "leap forward in policy surveillance and policy adjustment" and to respect fiscal rules that serve as a foundation for the single currency. Recommend Send IM Story Print News Search Top Stories Eurozone set to endorse Greek bailout plan Sunday Weather hampers oil spill efforts in Gulf of Mexico Obama jokes about his ratings and nationality Greek crisis to dominate ECB Lisbon meeting: analysts US oil production, shipping unaffected by spill so far More Top Stories » ADVERTISEMENT Most Popular Most Viewed Most Recommended Australia plans world-first plain cigarette packets Lady Gaga, Bill Clinton, Lula top Time's influence list Obama says US economic heartbeat 'growing stronger' Spain jobless rate tops 20%, adding to debt worries Weather hampers oil spill efforts in Gulf of Mexico More Most Viewed » Aliens may exist but contact would hurt: Hawking Apple engineer loses iPhone prototype French driving veil row escalates Airlines want compensation as Europe's skies reopen 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 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 Asia Entertainment Photos World Cup 2010 Copyright © 2010 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, 2 May 2010
Arab League gives backing to indirect Mideast talks
EU sugar companies big winners from CAP subsidies
Bolivia nationalizes electricity companies
Governments, businesses to discuss cybersecurity threats
Fresh poll blow to British PM as papers turn against him
Hundreds gather for US May Day immigration protests
Soldiers kidnapped in south Yemen, U.S. embassy warns staff |
South Africa's Zuma promises laws curbing casual labor |
Papal envoy to run scandal-plagued priestly order |
Syria warns U.S. on accepting Israel scud claims |
Nepal Maoist leader calls strike at anti-govt protest
US Army captain becomes king in Afghanistan
Chinese city goes on defense after school attack
May Day protestors rally across Asia
Suicide bomber in Pakistan's Swat kills 5
Taiwan China flight diverted after explosive claim
Maoists rally in Nepal, announce general strike
Arab League backs resumption of Middle East talks
Eurozone set to endorse Greek bailout plan Sunday
Thai PM talks tough, red shirts refuse to give in |
Privacy vs profit at Facebook
Arab League backs resumption of Middle East talks |
Deadly blast overshadows Russia's May Day events
Weather hampers oil spill efforts in Gulf of Mexico
Spain April unemployment fall leaked to press |
Obama jokes about his ratings and nationality
Colombian rebels kill five soldiers in coca field |
Greek crisis to dominate ECB Lisbon meeting: analysts
US oil production, shipping unaffected by spill so far
Japan PM to meet mayors of proposed site for US base
NY car bomb threatened 'very deadly event': officials
S.Korea minister vows retaliation over sunk warship
Maoist strike shuts down Nepal; gov't urges talks
NY's Times Square evacuated in car bomb scare
Australian racer McFarlane dies in crash
Mass. water main break affects Boston, suburbs
NY's Times Square evacuated in bomb scare
Thai premier says no plans for martial law
Ark. tornadoes kill woman, gov declares emergency
Poor man's Gatorade saves Bangladeshi kids
Anger over Ariz. immigration law drives US rallies
Myanmar's junta prepares ground for elections
Ancient treasures set for auction in Indonesia
China steps up security at schools after attacks
Obama to visit U.S. Gulf as oil slick threatens
Shanghai Expo giant opportunity for big business
U.S. Hispanics decry Arizona law at May Day rallies
India weighs capital controls with rupee on rise
Spielberg, Scorsese call for release of Iran film-maker
China's cinemas set for record box office in 2010
Heavy metal dinosaurs rock the kiddie crowd in Finland
US-ENTERTAINMENT Summary
Tourists in Copenhagen lament loss of Little Mermaid
Spielberg, Scorsese call for release of Iran film-maker
Shroud of Turin 'mirrors' human suffering: pope
Factbox: Turkey's constitutional reform
Palestinian leader says to meet Obama in Washington
Magnitude 5.8 quake hits Chile, no damage reported |
Greece agrees painful cuts in return for bailout
Police open fire in Darfur investment protest -witnesses
Police open fire in Darfur investment protest: witnesses |
Baghdad cafe waitresses break down barriers
New York police foil Times Square car bombing
Iran says develops short-range missile defense |
One dead, 80 hurt in Iraq bus bombing
Greece secures unprecedented bailout: PM
Threatening Note Found On Philadelphia-Bound Plane
UK election gets personal |
Police Kill Charging Bull On Texas Interstate
Pakistani jets target Taliban positions, kill 19 |
Illinois Congressman Arrested During Arizona Immigration Law Protest
Storms kill 15 Bangladeshis, thousands homeless |
Authorities Start Man-Hunt In Attempted New York City Carbombing
NY City Dodges A Bullet After Car Bomb Found In New York's Times Square
Palestinian leader says to meet Obama in Washington |
Somali insurgents seize pirate haven |
U.N. says investigating LRA massacre of 100 in Congo |
Bangladesh sentences 9 border guards for mutiny
Thai cabinet holds emergency meeting on crisis
Iran to propose reforms at US nuclear talks
Thai premier says no plans for martial law
Israeli, Palestinian talks 'within days'
Car bombing foiled in New York's Times Square
Afghan civilian deaths are rising, government says
5 killed in heavy flooding across Tennessee
Maoist strike shuts down Nepal; gov't urges talks
Car bomb scares Times Square, but fails to explode
Obama to visit scene of US oil spill
New Delhi on alert as embassies warn of attack
Small fire spreads smoke at US Embassy in Pakistan
Officials: At least 5 dead in Tenn. flooding
Thai PM talks tough, "red shirts" refuse to give in
China raises bank reserve ratio to rein in lending
US-Taiwanese man held after bomb hoax on plane
Shroud of Turin 'mirrors' human suffering: pope
'Demjanjuk: a Holocaust cabaret' hits German stage
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