jose manuel barroso

EUROPEAN leaders sent out conflicting signals at the weekend over aid to Greece, with Germany's Angela Merkel urging Athens to solve its debt problems alone and Italy's Silvio Berlusconi strongly backing EU support. The comments were the latest sign of divisions within the 16-nation euro zone over whether and how best to provide financial help to Greece, whose struggles to cope with soaring debt and deficits have plunged the currency bloc into the deepest crisis of its 11-year existence. Chancellor Me  

Washington's bid to put finishing touches on healthcare reform this weekend should help lift uncertainty on Wall Street, but there may be some turbulence along the way this week as the recent rally appears to be fraying. Democratic leaders in the House of Representatives pushed undecided members for support and voiced growing confidence on Friday they will win a close vote on final passage of a bill that requires a sweeping overhaul of the country's healthcare system. The House will vote on Sunday aft

Just given the moves we've seen over the past month, a very rapid ascent, I think the market will probably welcome a period of time where we might be able to digest some of this data going forward   -Christian Hviid

 

A turf war has erupted in Brussels, pitting the EU Commission against member states in a bid for control of the top diplomatic jobs and the influential development aid purse strings. At the centre of the battle for control is the EU's nascent External Action Service (EAS) which will eventually boast some 7,000 eurocrats in Brussels and in EU offices worldwide. Created by the bloc's Lisbon Treaty of reforms, the huge diplomatic corps will be led by the European Union's first High Representative for for  

Washington's bid to put finishing touches on healthcare reform this weekend should help lift uncertainty on Wall Street, but there may be some turbulence along the way this coming week, starting March 22 as the recent rally appears to be fraying, according to Reuters. Democratic leaders in the U.S. House of Representatives pushed undecided members for support and voiced growing confidence on Friday they will win a close vote on final passage of a bill that requires a sweeping overhaul of the country's he

Just given the moves we've seen over the past month, a very rapid ascent, I think the market will probably welcome a period of time where we might be able to digest some of this data going forward   -Christian Hviid

 

That's the number of european "leaders" going to future G20 talks. It is ridiculous, of course, but accurately predicted by those who argued that the Lisbon Treaty was just another Brussels fudge. Under the treaty terms, an obscure Belgian politician, Herman Van Rompuy, was appointed EU president and meant to represent all the people in the EU.  

ANA-MPA/Prime Minister George Papandreou on Saturday again reiterated, this time during an address to his ruling PASOK party's national council in Athens , that the country will not default on its debt. "Today is a historic point, a point that appears only once every 30 or 40 years for countries," he said, adding that the first target is the rescue of the country, which is also a prerequisite for PASOK to be able to serve the Greek citizen. Turning to the internal political scene, he also sternly attacked

Today is a historic point, a point that appears only once every 30 or 40 years for countries   -George Papandreou

 

European Commission President Jose Manuel Barroso appealed on Friday to the European Union member-states to come to an agreement during Thursday's Summit on the creation of a financing apparatus that could be used to tackle the economic problems which Greece is facing. He said that it will be a system of coordinated bilateral loans that will be compatible with EU legislation and the legislations of member-states. The Commission president also mentioned that the creation of this apparatus does not mean t  

Activist shareholder Carl Icahn raised the stakes in his yearlong dispute with Lions Gate Entertainment Corp. yesterday, launching an all-out bid to take over the movie studio following disagreements over its spending. The hostile bid comes a week after Lions Gate rejected Icahn's offer to buy a larger minority stake and rewrote its bylaws to make such a takeover attempt more difficult in the future. The new offer for all outstanding shares also raised the specter of Canadian government involvement be

we cannot prolong any further the current situation.   -Jose Manuel Barroso

 

The price of gold was little changed for US investors in London on Friday, heading for a 2% weekly gain as the Dollar rose against everything on the forex market but the commodity-currencies of Canada and Australia. But prices reversed course in New York as a weaker Euro prompted investors to book profits. Spot gold traded as low as US$1,100.70 before closing the trading week US$6.40 (0.6%) higher at US$1,107.90. European stock markets pushed 1% higher from last Friday's close, while Euro and Sterling

Gold is quietly, at the edge, becoming the world's second reservable currency, supplanting the Euro and rivaling the Dollar   -Dennis Gartman