Euro Zone

Euro Zone News

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  Italian 10-Year Yield Surges to Record on Debt, Growth Concern; Bunds Rise

  Updated 52 minutes ago

  Italian benchmark yields climbed to a euro-era record amid concern the region’s third-largest economy is struggling to manage its debt loads, while growth in the region is faltering.

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  Unloved Treasury Notes Becoming Investor Favorite in Fed’s Operation Twist

  Updated 1 hour, 9 minutes ago

  The U.S. Federal Reserve is finding no shortage of demand for the short-term bonds it’s selling to focus on longer-maturity debt, a sign that the strength in the economy seen in October may prove fleeting.

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  Papandreou to Step Down in Accord on Unity Government

  Updated 21 minutes ago

  Greek Prime Minister George Papandreou will meet the opposition leader today after agreeing to step down to allow a national unity government to secure outside financing and avert a collapse of the country’s economy.

• Russia Seeks IMF Weight as Lagarde Tacks BRICS Loan Pledge Trail

  Updated 2 hours, 37 minutes ago

  Russia is seeking a “significant increase” in the weight of developing nations in the International Monetary Fund after pledging to contribute in the euro region’s bailout.

• Emerging-Market Bubble May Surface in Late 2012, JPMorgan Says

  Investors will start to pull money out of developed markets with close to zero interest rates in favor of smaller, higher-yielding countries in the latter half of 2012, resulting in emerging market “bubble,” Tohru Sasaki, head of Japan rates and foreign-exchange research at JPMorgan Chase & Co. said in a Bloomberg Seminar in Tokyo on Nov. 4.

• Germany’s Altmaier Says Greek Euro Future May Hang on Unity Deal

  German lawmaker Peter Altmaier said Greece’s future in the euro area may depend on the country’s bid to form a national unity government and implement long-term reforms of the economy.

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  Trade Gap Was Probably Little Changed: U.S. Economy Preview

  The U.S. trade deficit was probably little changed in September as slowing global growth put the brakes on exports and imports, economists said before a report this week.

• Greece Must Comply With Terms or Exit Euro, German Lawmaker Says

  Hans Michelbach, spokesman for Chancellor Angela Merkel’s Christian Democratic bloc in the finance committee, said Greece now has two choices: compliance with all conditions for further assistance or leaving the euro zone.

• Ifo President Sinn Says Greece Must Abandon Euro, WiWo Reports

  Hans-Werner Sinn, president of the Munich-based Ifo economic institute, sees no possibility for Greece to remain in the euro region, WirtschaftsWoche reported, citing an interview.

• Bunds Post Record Weekly Gain as Greek Concern Spurs Safety Bid

  German 10-year bonds posted their biggest weekly advance on record as European leaders struggled to find funding for the euro-area rescue plan and admitted that Greece may exit the currency union.

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