Wednesday, November 7, 2012

Eurozone Crisis Update: Athens Starts Countdown to Bailout Deal, France is Running Out of Time to Restrain Germany

Finally all eyes investors and forex traders heading to Greece, Athens starts countdown to bailout deal, Eurozone leaders have set a deadline of three weeks to agree on Greece's rescue but measures must be approved in the Greek parliament on Wednesday

From Russian, Gazprom reduces price of gas to Poland, Russian energy group's move to lower the price 15 per cent is the latest sign that its cherished link of gas prices to the price of oil is being eroded
Warsaw warns London against walking away

Back to fiscal issues, UK and Germany: Exasperated allies, Cameron and Merkel share a love of fiscal discipline and free markets but the EU budget battle highlights their distinct visions of Europe. By George Parker and Quentin Peel

Latest economic news from Lyon, France is running out of time to restrain Germany, Germany could become more tempted to look towards the wider world – Russia, China and other emerging markets writes Gerard Errera

Meanwhile, Rajoy vows no bailout without lower yields, Mr Rajoy made the comments in spite of the ECB reiterating that it has no plan to set an explicit yield target in the event of a bond-buying programme

From Ratings organization, S&P faces class action lawsuit over CPDOs, Ratings agency faces further legal action after Australian litigation specialist says it has agreed to support a claim over risk of structured products

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