Thursday 10 November 2011

Key Comment - 10/11/11


"France rips wider as investors seek next victim. EU ministers debate cutting peripherals loose."
 
Cross Market News
  • Asia-Pacific Equities down on fears about Europe's debt crisis: Japan -2.9%; Hong Kong -4.5% 
  • According to a senior CDU Lawmaker, Angela Merkel's CDU party may adopt a Euro exit clause in their party platform.
                "This motion will go through, I am sure of it," Norbert Barthle, the ranking CDU Member of Parliament's budget committee, said today in a phone interview.
  • The Greek government's deal to give the premiership to the speaker of parliament fell through last night, reports the FT. Philippos Petsalnikos was poised to become PM but Papandreou reportedly reintroduced Mr Papademos's candidacy, along with that of Evangelos Venizelos.
  • After Italian yields broke 7% yesterday, lawmakers hastened last-ditch budget cuts, vowing to approve a key economic bill by Sunday.
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