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European stocks slid the most in a week after Federal Reserve Bank of Philadelphia PresidentCharles Plosser said that the third round of bond buying may fail to stimulate growth or hiring. U.S. index futures were little changed, while Asian shares fell. Anglo American Plc (AAL) lost 2.5 percent, contributing the most to a decline by a gauge of mining companies, after saying that it plans to reduce its production of coal. BHP Billiton Ltd. [...] German Chancellor Angela Merkel and Italian Prime Minister Mario Monti disagreed on whether the euro area’s permanent bailout fund should receive a bank license as they seek to keep Europe’s debt-crisis response on track. “It is my conviction, as far as the ESM is concerned, that a banking license for the ESM is not compatible with the treaties,” Merkel said after hosting Monti for talks in Berlin today, referring to European Union treaties and the [...] via google translate: Due to the decreased risk of failure of Egypt and the state of Illinois, the third euro zone economy reentered the group of 10 countries with the highest probability of entering bankruptcy within a horizon of five years. Reentered Italy today for the 10th place of the “club” of candidates for a debt default. Although he closed with a probability of default , a horizon of five years, lower than the close yesterday, the third largest [...] Nobody could have possibly foreseen that the Guardian was literally pulling BS out of its ass: GERMAN GOVERNMENT OFFICIAL SAYS THERE WAS NO DISCUSSION TO BUY BONDS OF CRISIS HIT MEMBERS AT THE G-20 MEETING – RTRS Have fun with this lunatic, patently fake news driven shitshow that the “market” has become. We are out. From Reuters: Germany says did not discuss EU bond buying plan at G20 summit There was no discussion at a [...] NEW YORK (CNNMoney) — Standard & Poor’s said Monday that it placed 15 members of the euro currency union on review for a possible downgrade as the debt crisis in the eurozone continues to worsen. The blanket warning applies to AAA-rated nations such as Germany, France, the Netherlands, Austria, Finland and Luxembourg, the U.S.-based credit rating agency said in a press release. But the review does not change anything for two members [...] By Simon Kennedy and Jana Randow (Updates with German bonds in fifth paragraph.) April 4 (Bloomberg) — Jean-Claude Trichet’s shot against inflation may end up inflicting collateral damage on Europe’s most cash-strapped economies. Primed to raise its benchmark interest rate this week for the first time in almost three years, President Trichet’s European Central Bank again faces the conundrum that its monetary policy rarely suits all 17 members [...] |
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