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Tuesday, February 26, 2013

Eurozone downturn worsens - business activity falls

Eurozone downturn worsens as business activity falls - Telegraph: "The eurozone recovery was dealt a blow as the latest PMI survey showed that the downturn in the region's businesses worsened unexpectedly this month, particularly in France.  . . . . The survey showed that the schism between Germany and France - the two biggest economies in the eurozone - is now at its widest since the survey started in 1998. While firms in Germany sustained a healthy rate of growth, French businesses reported the largest monthly drop in output since March 2009. Chris Williamson, chief economist at Markit said the data for France were more befitting of a struggling "peripheral" eurozone economy like Spain or Italy, rather than the "core" status it traditionally shares with Germany."

Gloomy Italians vote in election crucial for euro zone
Reuters
The election is being closely watched by investors whose memories are fresh of a debt crisis which forced out scandal-plagued conservative premier Silvio Berlusconi 15 months ago and saw him replaced by economics professor Mario Monti. "I'm not ...

Factbox: Financial woes in tiny Cyprus are big euro zone headache
Reuters
(Reuters) - Cypriots voted on Sunday for a president who must negotiate a financial rescue to keep the island nation from a bankruptcy that would reignite the euro zone debt crisis. Here are some of the options: BAILOUT LOAN. While Cyprus's financial ...

Italians vote in crucial election for euro zone
Times of Malta
... vote in crucial election for euro zone. Italians began voting this morning in one of the most closely watched elections in years, with markets nervous about whether it can produce a strong government to pull Italy out of recession and help resolve ...

Euro-zone Debt Crisis - Whatever It Takes
The Market Oracle
But you have to remember that at the time there was true panic and no road map for dealing with such a crisis. Something had to be done. That something was the issuance of bailout funds (which conveniently minimized losses at said German, French, and ...

Italy urges high turnout in key election for euro zone
Reuters
The election will be followed closely by financial markets with memories still fresh of the potentially catastrophic debt crisis that brought technocrat Prime Minister Mario Monti to power more than a year ago. Italy, the euro zone's third-largest ...


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