Tuesday, October 16, 2012

Eurozone Update: Finally Spain Prepares to Make Rescue Request, Only Big Debt Restructuring Can Save Euro

Forex news from Tokyo we reporting, Japanese Yen falls on intervention speculation, Dollar broadly stronger after retail sales grew more than expected in September, also helping the Mexican peso to near a weekly high

Spain debt crisis latest update, Spain prepares to make rescue request, Madrid has now found a formula it feels comfortable with to make a rescue request – a significant shift in position compared to before the summer

Planned justice opt-out sets stage for EU battle, Preview of fraught confrontation between London and Brussels over a range of measures including banking union and seven-year budget

Meanwhile, European Union to impose tough new sanctions on Iran, The measures, which range from a ban on gas exports to a freeze on bank transactions, are likely to add pressure to an already strained economy

Eurozone update, Only big debt restructuring can save eurozone, Willem Buiter warns of austerity fatigue on the periphery and bailout fatigue at the core as the convincing crisis response of summer fades

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