Greece Confirms Participation In Luxembourg Meeting


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Greece Confirms Participation In Luxembourg Meeting

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ATHENS (MNI) - The Greek Finance Ministry confirmed tonight that Finance Minister George Papaconstantinou had attended a meeting of Eurozone officials in Luxembourg earlier today in which the Greek economy was a topic of discussion. The meeting was called by ...

Oppenheimer Hires di Galoma As Mg Dir in Tsys/Agency Sales

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By Sheila Mullan NEW YORK (MNI) - Oppenheimer Holdings' Oppenheimer & Co. Inc. said it has hired Thomas di Galoma as managing director of U.S. Government Treasury and Agency Sales on its Government Trading Desk in the Taxable Fixed Income Department. ...

ForexLive US wrap: Greek fears prompt fresh fall in risk

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US nonfarm payrolls rise 244,000 in April, March revised higher to +221,000 US unemployment rates rises to 9.0% to 8.8% Der Spiegel reports secret meeting in Luxembourg to discuss Greek restructuring, possibility of leaving Euro zone All manner officials deny Greek exit talk but fears of restructuring linger; France Germany, Italy to meet ...

Yields down, risk off: USD/JPY up?

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Can't exactly say why other than perhaps some USD index-related buying. Given that the latest swoon in EUR/USD felt like margin-related buying, it is possible we are seeing similar buying in USD/JPY. With all the ETFs and other products out there today it is getting harder and harder to tell ...

US DATA: Mar consumer credit +$6b, incl revolving….

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US DATA: Mar consumer credit +$6b, incl revolving +$1.9b and nonrevolving +$4.1b. NSA Fedl govt +$6.2b.

US Consumer credit rises $6.0 bln in March

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Forecast was fro a rise of $5 bln. Non-revolving borrowing rose $4.1 bln, credit cards, other revolving debt rises $1.9 bln.

CBO: US deficit $871 bln through April

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Fiscal year ends in September...That puts us on pace for your run-of-the-mill $1.5 trln deficit, according to the Congressional Budget Office.

US CBO Estimates -$41b Apr US Gov’t Deficit Vs -$83b Yr Ago

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--Estimates Treasury To Record -$871b Defct 1st 7 Mos Of FY'2011 WASHINGTON (MNI) - The following is an excerpt from the U.S. Congressional Budget Office's May Budget Review published Friday with it's estimate for last month's deficit. The U.S. Treasury Department is scheduled to release its ...

Fresh freefall in EUR/USD

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Looks like perhaps margin calls are being made, forcing out even more EUR/USD longs. We've fallen as low as 1.4317. The one thing with margin calls is that the banks are totally indiscriminate and just close their eyes and sell you out using no finesse whatsoever. They might even be ...

Commodities ending the day on a soft note

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Oil is falling sharply, now at $97.15 from above $102 earlier in the afternoon. The CRB is down 1% and silver is back below $35.00. Gold changes hands at $1489. EUR/USD is slipping a bit, now at 1.4367.

US yields back to flat on flight to quality

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US yields are unchanged on the day after rising something like nine bp earlier in the day on the stronger than expected US employment report. Flight to quality is the name of the game. Same situation in EUR-denominated bond markets as bunds are snapped up. The 10-year spread between Treasuries and ...

Head of German coalition part says Greek restructuring inevitable

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It is only a matter of time and conditions, says Christian Linder, General Secretary if the Free Democratic Party in an interview with Die Welt.

Big boys only at Luxembourg meeting: EU source via Reuters

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Finance ministers from only a handful of the largest euro zone countries are meeting in Luxembourg, Reuters reports. How's that gonna go down with the rest of the Eurogroup? No well, I'd imagine. Let's not be naive, the Golden Rule has applied within the euro zone for a long time (she who ...

Greek FinMin: EMU Exit Report Untrue; Undermines Greece, Euro

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ATHENS (MNI) - A news story today about the possible withdrawal of Greece from the Eurozone is false, and such reporting undermines Greek reform efforts as well as the euro itself, Greece's Finance Ministry said in a written statement issued moments ago. ...

Journal: Greek exit not on agenda of secret meeting

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Here's the link.

EU talks in Luxembourg unlikely to bring about Greek exit: Official

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So there is a meeting and it is "not likely" to bring about a Greek exit...Sure leaves to door open more than a crack... EUR/USD touches session lows of 1.4349. Headline via Bloomberg.

Greece: Der Spiegel report “provacative”; undermines Greece and the euro

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Such reports serve speculative games, the Finance ministry says in a statement.. Just across the Reuters wire, German coalition sources confirm Schaebel's participation in a meeting in Luxembourg tonight.

US Labor Secty: Admin Addressing Teen Unemp,Disaster In South

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By Ian McKendry WASHINGTON (MNI) - The Obama administration has taken a number of steps to trigger jobs growth and will continue to do so as it addresses high teenage unemployment and severe storms which have whipsawed states in the South, U.S Secretary of Labor Hilda ...

Update-2: Germany Press: Greece Ponders Leaving The Eurozone

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--Adds Remarks By German Coalition Official To Story Sent At 12:34 EDT BERLIN (MNI) - The Greek government is pondering leaving the Eurozone and introducing its own currency, the German weekly Der Spiegel reported Friday on its website, citing no sources for its claim. ...

Greece Government Official Denies Report Of Leaving Eurozone

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ATHENS (MNI) - The report by German weekly Der Spiegel that Greece is considering an exit from the Eurozone is completely false, a Greek government official told Market News International. "The Greek government has no plan nor is it currently ...

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