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| | | ... little changed on Monday even though Wall Street had a strong finish on Friday. Risk appetite dissipated on markets after eurozone nations agreed on Sunday to offer loans to Greece if it asked for the money. The benchmark NZX-50 index closed up 3.895 ... |
| | | | ... not to tap the IMF for its rescue because despite the IMF's better loan terms - i.e., lower interest rates - than the Eurozone governments, the total cost for the Greek government would be higher under the IMF if the international body's demand for further ... |
| | | | ... despite an EU-IMF backstop accord agreed last month. The Greek crisis drives major uncertainties about the future of the eurozone where figures showed the economy came to a halt in the last quarter of 2009, adding to the negative tone. In London, the ... |
| | | | ... credit rating because of its deteriorating public finances highlighted an issue which affects more than just smaller eurozone economies such as Greece or Spain. FRANKFURT - The DAX 30 closed up 36.8 points, or 0.6 per cent, at 6,156.85 points. PARIS ... |
| | | | ... Why in the world would the ECB do this when it had been Jean-Claude himself that had been trumpeting progress in the Eurozone. In his post ECB meeting press conference earlier this month, Trichet stated that market conditions were going back "progressively ... |
| | | | ... already factored in grim news for Portugal...and Spain...and Italy...and...? There's really nothing new in this whole Eurozone contagion tragedy, except perhaps get a few hearts to miss a beat. Like my stance on Greece, the European Union would not let ... |
| | | | ... and options contracts, known as the "quadruple-witching" hour. LONDON - The financial turmoil gripping Greece and the eurozone's struggles to forge a common position on the crisis weighed on European stock markets Friday, with most exchanges ending in ... |
| | | | ... additional set of austerity measures. Greek comments that it could seek help from the International Monetary Fund if its eurozone partners failed to back it were brushed off by European Central Bank head Jean-Claude Trichet. Meanwhile, Germany insisted ... |
| | | | ... same month, boosted confidence. Remarks by EU officials on Greece's latest measures to trim its public deficit back to eurozone norms were taken positively, suggesting European powerhouse Germany will now agree to some form of EU aid for Athens. The ... |
| | | | ... forced to pay for the price of its folly - global data paints a picture of continued recovery. It should, else the entire Eurozone pays...and then the whole of Europe...and then us all. But this has not deterred the Reserve Bank of Australia (RBA) one ... |
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