Knowing that you live would help.
Europe must be desperate:
http://krugman.blogs.nytimes.com/2012/05/10/tussle-in-brussels/
Tussle in Brussels
I’m in Belgium for the afternoon — and yes, I mean the afternoon. One of those things. So, not much blogging today! Here are the slides for my talk (pdf)."
Looking at the slides is enough.
Which Way To The Exit?
Paul Krugman
Looking at the slides is enough.
Which Way To The Exit?
Paul Krugman
The title page picture. The talk is on getting out of the depression.
Today's events.
http://www.telegraph.co.uk/finance/financialcrisis/
Brussels to audit Spanish banks
Independent inspectors are to be dispatched to audit Spain’s stricken banks as part of a raft of fresh conditions Brussels wants to impose in return for relaxing the country’s budget targets.10 May 2012
| 3 Comments Spanish banks need €100bn
Spanish banks need €100bn (£80.2bn) of extra capital which is “likely” to require international aid, analysts have warned, as Madrid prepares another attempt to rescue its financial sector alone.10 May 2012
| 5 Comments Germany can't save the euro now
The single currency could not survive Greece leaving it, predicts Jeremy Warner.10 May 2012
| 143 Comments The Left’s anti-austerity message is delusional
Telegraph View: It may be beguiling voters, but the Left is refusing to acknowledge harsh economic truths.10 May 2012
| 44 Comments Companies must raise £28 trillion
Companies across the world face a "perfect storm" as they have to raise more than £25 trillion to finance an upcoming "wall" of debt.10 May 2012
| 93 Comments Debt crisis: as it happened - May 10, 2012
Democratic Left Party proposes an 'ecumenical government' formed from a coalition of all political powers in Greece which would rule until 2014.10 May 2012
| 568 Comments Chinese sovereign wealth fund stops buying European government debt
The eurozone has lost a crucial lifeline as China's biggest sovereign wealth fund said it no longer wanted to buy European government debt.10 May 2012
| 128 Comments Surprise weakening in China import and exports
A disappointing trading performance from China in April raised concerns about how demand from the world's second-biggest economy will hold up as its growth slows.10 May 2012
| 10 Comments Hollande to fly to Berlin within hours of inauguration
France's president-elect moves crucial talks with Angela Merkel ahead by 24 hours.10 May 2012
| 42 Comments Greek socialists given third chance at forming government
Greece's socialist leader Evangelos Venizelos is facing the daunting task of forming a viable government, a day after a bid by a radical Left-wing anti-austerity party ended in failure.10 May 2012
Merkel: no 'magic bullet' to beat debt crisis
German chancellor warns: "Growth on credit would throw us back to the start of the crisis".10 May 2012
| 7 Comments Greece in chaos as coalition talks fail
Greece's political turmoil deepened last night after a key Leftist leader failed in his bid to form a coalition government, making fresh elections next month all but inevitable.http://www.bbc.co.uk/news/world-europe-18015441
The old line parties attempt to wave the flag.
I expect no takers.
http://www.bbc.co.uk/news/business/market_data/overview/
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Share Prices | Summaries: London | NYSE | Nasdaq | Paris | Frankfurt |
Search share prices by name or symbol*: | View London's top shares by sector | ||||||||
* In London, New York, Paris, Frankfurt and on Nasdaq. |
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price | change | % | |||||||
Brent Crude Oil Futures $/barrel | 112.60 | -0.60 | -0.5 | ||||||
West Texas Intermediate Crude Oil Futures $/barrel | 96.93 | +0.42 | +0.4 | ||||||
Forex Gold Index(pm fix) $/oz | 1598.50 | +16.00 | +1.0 | ||||||
Coffee "C" Futures US cents/pound | 178.50 | +3.35 | +1.9 | ||||||
Copper 3mo Unofficial Confirmed $/m tonne | 8107.50 | +107.50 | +1.3 |
http://uk.reuters.com/article/2012/05/10/greece-bets-idUKL5E8GA4RN20120510
LONDON |
May 10 (Reuters) - Want a flutter on Greece leaving the euro zone? It may already be too late. A surge in bets has forced Britain's second-biggest bookmaker, Ladbrokes, to suspend betting after repeatedly slashing the odds on Greece dropping out of the euro zone by year end. The failure of Greece's leaders to form a government has renewed speculation that Greece could be forced out of the single currency.
FREE GUIDES AND REPORTS FROM DIANOMI
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"If we get some positive news we will open the book again," he said.
Ladbrokes is still taking bets on the Greek stock market losing more than 25 percent of its value in a single day's trading by the end of 2012.
And if you fear Greece is just the beginning of the end for the European single currency, Ladbrokes is offering odds on the euro ceasing to exist by the end of 2012, which would make punters 33 times their original stake.
Ladbrokes said it had "plenty of support for the 33/1 on offer the currency was scrapped entirely this year."
Ladbrokes, which has around 2,100 shops in Britain, is offering odds of 5/6 that the euro will cease to exist by the end of 2015 and 4/1 on two or more states to leave the euro by the end of the year. (Writing by Rhys Jones and Guy Faulconbridge; editing by Janet McBride)
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