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Global stocks rebound from yesterday’s selloff, amid optimism about Italy and Greece. U.S. jobless claims fell to their lowest level in seven months, and the September trade deficit narrowed to $43.1 billion. Cisco and Kohl’s surge on solid earnings.

U.S. and European stocks rebound from yesterday’s steep selloff. Italy’s 10-year bond yield moves below 7% on speculation Mario Monti will replace Berlusconi. Greece names Lucas Papademos its new prime minister. The EU cuts its 2012 GDP forecast.

For more currency & commodity news & info, visit http://www.ufxmarkets.com... The Euro declined against the US Dollar due to Greece's uncertainty about the European debt crisis plan. Global leaders are reluctant to finance the European bailout, after Greece called for and then retracted a call for a referendum on the bailout.

Global markets trend higher ahead of a key budget vote in Italy. Investor sentiment rises on reports Greece will receive its next tranche of bailout funds. Olympus admits to covering up investment losses. McDonald’s global same-store sales rise 5.5%.

European markets and U.S. futures rise ahead of a key budget vote in Italy, which could set up a confidence vote for Berlusconi. Greece reportedly will get its next tranche of bailout funds. Olympus tumbles 29% after covering up investment losses.

European Commission's vice-president for economic and monetary affairs and the euro, Olli Rehn, on Monday told journalists waiting outside the European Council that it is essential for Greece to restore confidence between their European partners by establishing a coalition government of national unity.

The Greek finance minister, Evangelos Venizelos, on Monday told journalists waiting outside the European Council that Greece has a new government of national unity. He also highlighted that the new political situation in the Hellenic country is the "proof" of their "national capacity" to implement the rescue package agreed during the Eurozone summit.

President of the Euro group, Jean-Claude Juncker, on Monday told journalists waiting outside the European council that European finance ministers won't make any final decisions on the Greek situation after the first euro group meeting. He also thanked the Greek Prime Minister for "everything he has done in the last months".

Přehled solidárních aktivit Komunistické mládeže Řecka (Κομμουνιστική Νεολαία Ελλαδας, KNE) s bojem, který vedl Komunistický svaz mládeže (KSM) proti své antikomunistické ilegalizaci a perzekuci Vládou České republiky. Digest of solidarity activities of the Communist Youth of Greece (Κομμουνιστική Νεολαία Ελλαδας, KNE) with the struggle of the Communist Youth Union (KSM) against its anticommunist ilegalisation and persecution by the Goverment of the Czech Republic.

The most recent jobs reports are out and they look more encouraging, but Greece is a "work in progress"... lol

For more Forex news & info, please visit http://www.ufxmarkets.com... The US Dollar strengthened across the board as Greece's call for a referendum on its rescue package raised uncertainties over whether the bailout plan would survive, sending investors looking for refuge. The ISM Manufacturing PMI came out at 50.8%. Wall Street closed negative as the Dow Jones fell by 2.48% and the NASDAQ declined by 2.89%. Crude Oil ended with a third day of losses, dropping by 1.1% and closing at $91.40 a barrel. Gold declined by 0.8%, and struggled to close above the $1700 area at $1711 an ounce.

For more Forex news & info, please visit http://www.ufxmarkets.com... The US Dollar strengthened across the board as Greece's call for a referendum on its rescue package raised uncertainties over whether the bailout plan would survive, sending investors looking for refuge. The ISM Manufacturing PMI came out at 50.8%. Wall Street closed negative as the Dow Jones fell by 2.48% and the NASDAQ declined by 2.89%. Crude Oil ended with a third day of losses, dropping by 1.1% and closing at $91.40 a barrel. Gold declined by 0.8%, and struggled to close above the $1700 area at $1711 an ounce.

EF College Break 2011

President of the European Commission, Jose Manuel Barroso, on Wednesday urged Greece to give full support to the bailout package that was agreed to by the euro zone leaders last week at the European Summit in Brussels. Barroso stated that the Greece government needs "to show that they are ready to work for national political unity and for achieving the broad support needed for implementation of the program." Barroso's statement came after George Papandreou on Tuesday announced he would call for a referendum on the EU rescue package, which includes a deal with private creditors of a 50% cut on Greece's sovereign debt. "Without the agreement of Greece to the program, the conditions for Greek citizens could become much more painful, in particular for the most vulnerable. The consequences would be impossible to foresee," Barroso said. The planned referendum has shocked both European leaders and financial markets, right ahead of the G20 Summit that will be held on the 3 and 4 of November in Cannes.

The global stock market rout continues after Greece calls a public referendum on its latest bailout plan. The VIX jumps more than 20%, while U.S. Treasuries soar and the dollar gains 2% on the euro, sending commodity prices sharply lower.

Global stocks continue to pull back from last week’s gains, after Greece calls a referendum on its latest bailout plan. Investors flood into U.S. Treasuries and the dollar, pushing commodities down further. Pfizer raises its 2011 profit outlook.

Euro leaders arrive in Brussels on Wednesday to resume discussions on the euro crisis. The 27 heads of state are pursuing a decisive plan to bail out Greece and to avoid further contagion to other larger European economies, such as Italy or Spain.

George Papandreou, Greece Prime Minister, on Wednesday told journalists waiting outside the European Council that euro leaders need to make decisions "collectively". He also outlined that one of their main challenges is not only to safeguard the euro, but also to protect the ideals that Europe "cherish" so much. The Greek Prime Minister highlighted the "superhuman" effort that Greeks are making to make their economy "confident" and "viable".

Euro leaders met in Brussels on Sunday to start discussions on the euro crisis. The 27 heads of state are pursuing a decisive plan to bail out Greece and to avoid further contagion to other larger European economies, such as Italy or Spain. The second round of talks in Brussels is due to be held next Wednesday.

Tension is building in Brussels. As European government leaders like French President Nicolas Sarkozy are openly discussing the prospect of European disintegration, the European Commission is stepping up its efforts to keep Europe together. Literally. The president of the Commission himself on Wednesday presented a plan to bring forward 50 billion euros in investments in infrastructure across Europe. Money to be used for new roads, railways, pipelines and digital connections. Barroso’s press conference immediately was followed by two other high-level Commission press conferences. Siim Kallas for Transport and Gunther Oettinger for Energy. The Commission’s barrage of ‘good news’ appeared to be an attempt to deflect attention away from the euro crisis and the looming default of Greece. Journalists were asked to stick to the topic of the press conference but some still managed to squeeze in question on euro crisis, getting Barroso to say that Sunday’s EU summit will not be the end of all of the ...

IG Index http://www.financial-spread-betting.com/spreadbetting/IG-Index.html With the EU and IMF finally agreeing bailouts for the PIIGS countries, what is the focus now for the Euro? David Jones of IGIndex responds. I think as well have seen all the way through on this European sovereign debt crisis starting with Greece a year and a half ago they have yet to find a solution to tackle the enormous debt and problems facing the country.

For more Forex news & info, please visit http://www.ufxmarkets.com... The Euro strengthened versus the US Dollar after French and German leaders pledged to deliver a plan in three weeks to recapitalize banks and reiterated their intention to keep Greece within the Euro.

Global stocks fall ahead of an expected “No” vote by Slovakia to expand the EFSF. The EU, IMF and ECB say Greece will likely get the next tranche of its bailout funds by early November. Wall Street may lose another 10,000 jobs through 2012.

As fears for the eurozone debt crisis reach fever pitch, Schroders’ European economist Azad Zangana looks at whether Greece has gone far enough to stave off default and what lies ahead for the UK if the euro crumbles...

Walking into the meeting of EU finance ministers in Luxembourg on Tuesday, Belgium's finance minister Didier Reynders commented on the turmoil at French-Belgian bank Dexia and assured accountholders that the money is safe up to 100.000 euros. "We will see all the proposals coming from the board meeting. But I repeat there is a guarantee for the customers to 100 000 Euros and we have also some possible actions from the two government the Belgium and the French. So, first of all we need to listen to all the proposals coming from the banks but first of all, we will read all the proposals, and not in the newspapers, but in the proposal from the bank", Didier Reynders said. The Franco-Belgian bank, one of the first European banks to be bailed out in 2008 holds €20.9 billion in sovereign debt issued by troubled eurozone countries, including Greece and Italy.   After the meeting, Dexia said that chief executive Pierre Mariani had been charged with preparing measures to resolve structural problems that were ...

The Greek finance minister, Evangelos Venizelos, told journalists at his arrival in Luxembourg for the Euro group meeting that Greece shouldn't be "the scapegoat" of the euro area or the international economy.

Global stocks sink after Greece says it will miss deficit targets. Euro-zone manufacturing slows again. Precious metals and U.S. Treasury prices rise on their safe haven appeal, while oil prices fall to $77 per barrel. Alibaba may want to buy Yahoo.

U.S. stocks may follow global markets lower, after Greece says it will miss its deficit targets. Gold rebounds to $1,660 an ounce and Treasury yields fall, as investors search for safety. Alibaba CEO Jack Ma says he may be interested in buying Yahoo.

The Fed may buy longer-term Treasuries to boost the economy. European stocks sag amid a lack of progress on Greece. The IMF says Europe’s banks could take a $410 billion hit from the sovereign debt crisis. Oracle and Adobe lead tech stocks higher.

U.S. investors anticipate a move by the Federal Reserve to stimulate the economy. Greece makes satisfactory progress in talks to secure more rescue funds. SABMiller buys Foster’s. Oracle and Adobe Systems jump after matching earnings estimates.

For more Forex news & info, please visit http://www.ufxmarkets.com... The Euro fell against the US Dollar as stocks markets in Europe experienced a sharp drop as investors awaited to see if Greece will default.

U.S. stocks may follow the global markets higher, on reports that Greece is near a deal to receive its next round of bailout funds. Standard & Poor’s downgrades Italian debt. The Federal Reserve may buy longer-term Treasuries. ConAgra’s profit drops.

one of the events in Greece

U.S. stocks are set to follow global markets lower amid concerns that Greece will not be able to meet its fiscal targets. President Obama will announce a new plan to cut $3 trillion from the federal deficit. Tyco will split into three companies.

Kosovo is stepping up its lobby to start talks about membership of the European Union after it reach breakthrough in its customs dispute with Serbia. Its president came to Brussels for the first time last week for high-level talks with officials at all key European institutions. Greece, Spain and Serbia are some of the countries that dont recognize Kosovo as an independent state. Kosovo is still seeing interethnic violence, even as recent as a month ago, with clashes at the Kosovo-Serbian border.   It’s clear that much needs to be done before it’s possible to speak about a normalized situation. But Kosovo’s President feels it’s destined to join the union.   The European parliament remains concerned about continued evidence of corruption in Pristina and its surroundings.   Council President Herman van Rompuy said he was pleased to see ‘a European solution,’ to a trade dispute with Serbia, reaching an agreement over customs stamps.  Van Rompuy urged the president of Kosovo to make further progress to ...

Global stocks move higher on the third anniversary of Lehman Brothers’ collapse. U.S. traders react to a flood of economic data. Merkel and Sarkozy say Greece will remain in the euro-zone. UBS may report a loss after a rogue trader loses $2 billion.

Speaking before the European Parliament in Strasbourg on Wednesday, Nigel Farage, president of the EFD Group, plead Mr Barroso to help Greece to get "their currency back and reschedule their debts” after stating that his policies have failed.

Germany's highest court has ruled that relief for Greece and the euro bailout program is constitutional. As expected, the judges are demanding a greater say for parliament in future decisions on providing aid to beleaguered euro-zone member states. Related story: http://www.spiegel.de/international/germany/0,1518,784859,00.html

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U.S. investors react to the August employment report. The New York Times reports that the federal government will sue a dozen major banks over the quality of mortgage securities. Greece and international lenders reportedly suspend deficit talks: WSJ.

Europe’s economy, the troubles with Greece and the euro and relations with Europe’s neighbors in the East and the Arab world are at the top of the EU’s agenda as eurocrats in Brussels return from their summer break and get back to work. The European Commission held a two-day seminar this week at the Africa museum in Brussels to kick-start their activities. President Jose Manuel Barroso is confident that Europe can overcome its problems. Frictions between member states over the Greek rescue package that was reached in July will continue to flare up during the coming weeks. Barroso’s commission will play a key role when it comes to ensuring that this Greek package is implemented. The weeks ahead will show many more important meetings at an EU level. Poland will host a number of key ministerial meetings, and the European Parliament has 2 plenary sessions scheduled in Strasbourg.

The European Parliament on Monday expressed broad support and full confidence in the way that the European Central Bank is handling what clearly is the worst financial crisis since the second World War.   Addressing a packed committee-room in Brussels, ECB chief Jean-Claude Trichet said that the ECB, together with national central banks, has spent more than 115 billion euro since the crisis began. This money was spent on  distressed bonds from countries like Greece and Portugal in order to support the market. "The security market programmes strictly aims at correcting mal functioning of markets. The prohibition of monetary financing underlines precisely the fact that budgetary discipline is of the utmost importance”, Trichet said.   Responding to concerns about a possible lack of liquidity in the Eurozone, Trichet said that this simply was not a possibility because of the immense volumes of money that circulates in Europe.   Trichet said that buying troubled bonds in the open market does not clash ...

"You Lie" Composed - Music-Lyrics-Vocals Konstantinos Stergioulis June 2003 Thessaloniki-Greece

As eurozone heads of state prepare for a summit on Thursday (21 July) to put together a second bailout package for debt-laden Greece, German Chancellor Angela Merkel said she wanted clear commitments from private investors that they would contribute to further funding. http://www.euractiv.com/en/future-eu/merkel-draws-red-lines-ahead-eurozone-su... Late on Friday (15 July), the services of European Council President Herman van Rompuy issued a short statement announcing that a summit of the euro zone would be held on 21 July in Brussels. Starting at midday, the summit agenda "will be the financial stability of the euro area as a whole and the future financing of the Greek programme". 21 July is Belgium's National Day, and the local press predicts that Brussels police will be severely tested by having to handle in parallel two events of such magnitude. The announcement went some way to defuse uncertainty over the EU's readiness to act to prevent contagion from the Greek crisis from spreading to Italy ...

Raw video. Source: EU. From EurActiv.com: Germany and France have reached a common position on a second bailout of Greece in their effort to prevent the country's debt crisis from spreading through Europe, officials said on Thursday (21 July). The accord came after seven hours of talks late into Wednesday night between German Chancellor Angela Merkel and French President Nicolas Sarkozy in Berlin, sources in both governments said. Details of the common position were not revealed. European Central Bank President Jean-Claude Trichet joined Merkel and Sarkozy for part of their talks. The accord between the two most powerful states in the euro zone will now be presented to a crisis summit in Brussels on Thursday of all 17 leaders of the bloc, who are trying to prevent fears of a Greek debt default from poisoning access to the bond market for bigger states such as Italy and Spain. The new bailout would supplement a €110 billion rescue plan for Greece launched in May last year. It is expected to include ...

Germany and France have reached a common position on a second bailout of Greece in their effort to prevent the country's debt crisis from spreading through Europe, officials said on Thursday (21 July). The accord came after seven hours of talks late into Wednesday night between German Chancellor Angela Merkel and French President Nicolas Sarkozy in Berlin, sources in both governments said. Details of the common position were not revealed. European Central Bank President Jean-Claude Trichet joined Merkel and Sarkozy for part of their talks. The accord between the two most powerful states in the euro zone will now be presented to a crisis summit in Brussels on Thursday of all 17 leaders of the bloc, who are trying to prevent fears of a Greek debt default from poisoning access to the bond market for bigger states such as Italy and Spain. The new bailout would supplement a €110 billion rescue plan for Greece launched in May last year. It is expected to include fresh emergency loans to Athens from euro ...

While a Belgian police helicopter hovers overhead, German Chancellor Angela Merkel delivers a statement to the media before the July 2011 Eurozone summit in Brussels. Video source: EU EurActiv.com reports: Germany and France have reached a common position on a second bailout of Greece in their effort to prevent the country's debt crisis from spreading through Europe, officials said on Thursday (21 July). The accord came after seven hours of talks late into Wednesday night between German Chancellor Angela Merkel and French President Nicolas Sarkozy in Berlin, sources in both governments said. Details of the common position were not revealed. European Central Bank President Jean-Claude Trichet joined Merkel and Sarkozy for part of their talks. The accord between the two most powerful states in the euro zone will now be presented to a crisis summit in Brussels on Thursday of all 17 leaders of the bloc, who are trying to prevent fears of a Greek debt default from poisoning access to the bond market for ...

Raw video. Source: EU. From EurActiv.com: Germany and France have reached a common position on a second bailout of Greece in their effort to prevent the country's debt crisis from spreading through Europe, officials said on Thursday (21 July). The accord came after seven hours of talks late into Wednesday night between German Chancellor Angela Merkel and French President Nicolas Sarkozy in Berlin, sources in both governments said. Details of the common position were not revealed. European Central Bank President Jean-Claude Trichet joined Merkel and Sarkozy for part of their talks. The accord between the two most powerful states in the euro zone will now be presented to a crisis summit in Brussels on Thursday of all 17 leaders of the bloc, who are trying to prevent fears of a Greek debt default from poisoning access to the bond market for bigger states such as Italy and Spain. The new bailout would supplement a €110 billion rescue plan for Greece launched in May last year. It is expected to include ...

This man is the center of attention at the July crisis meeting here in Brussels as the leaders of the 17 eurozone countries try to hammer out a deal to save Greece from total financial collapse. His name is Josef Ackermann. He is chief executive of one of Europe's biggest banks, Deutsche Bank. And, he is chairman of the International Institute of Finance, an international bank lobbying group set up to deal with international debt crisis. It's not the first time that this Swiss-born banker visits the European Council. This footage is from November last year, when he was invited to address finance ministers. Unlike previous summits, officials did not make available the institutional video footage of the actual meeting of EU leaders. That footage, like this from a previous meeting, usually shows EU leaders meeting informally before they start their actual talks. In this case however, it's clear that likes of Angela Merkel, Herman van Rompuy and Nicolas Sarkozy did not want to be seen taking direct ...

Eurozone leaders at their July 2011 emergency summit on the Greek financial crisis attempted to explain the financial details of the deal that is supposed to save Greece and the euro. This compiliation is based on actual quotes given during their press conferences in Brussels.