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	<title>Smart Incubator Blog &#187; Euro Zone</title>
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	<link>http://blog.smartincubator.com</link>
	<description>It pays to be smart.</description>
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		<title>EU Banks With Sovereign Debt Ignore Not-If-But-When Default</title>
		<link>http://blog.smartincubator.com/2010/06/eu-banks-with-sovereign-debt-ignore-not-if-but-when-default/</link>
		<comments>http://blog.smartincubator.com/2010/06/eu-banks-with-sovereign-debt-ignore-not-if-but-when-default/#comments</comments>
		<pubDate>Fri, 11 Jun 2010 07:17:12 +0000</pubDate>
		<dc:creator>elgintan</dc:creator>
				<category><![CDATA[Economics]]></category>
		<category><![CDATA[debt]]></category>
		<category><![CDATA[Euro Zone]]></category>
		<category><![CDATA[global markets]]></category>
		<category><![CDATA[greece]]></category>
		<category><![CDATA[investments]]></category>
		<category><![CDATA[Portugal]]></category>

		<guid isPermaLink="false">http://blog.smartincubator.com/?p=757</guid>
		<description><![CDATA[European banking shares indicate a Greek debt default may be just a matter of time. Investors have already pushed down financial stocks enough to imply the “erosion” in book value that may result from losses tied to a sovereign debt restructuring, said Dirk Hoffmann-Becking, an analyst at Sanford C. Bernstein in London. A Bloomberg index of [...]]]></description>
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		<slash:comments>3</slash:comments>
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		<title>Bernanke Says Fed Prepared to Counter Effects of Europe Crisis</title>
		<link>http://blog.smartincubator.com/2010/06/bernanke-says-fed-prepared-to-counter-effects-of-europe-crisis/</link>
		<comments>http://blog.smartincubator.com/2010/06/bernanke-says-fed-prepared-to-counter-effects-of-europe-crisis/#comments</comments>
		<pubDate>Thu, 10 Jun 2010 04:38:25 +0000</pubDate>
		<dc:creator>elgintan</dc:creator>
				<category><![CDATA[Economics]]></category>
		<category><![CDATA[Euro Zone]]></category>
		<category><![CDATA[global markets]]></category>
		<category><![CDATA[Interest rates]]></category>
		<category><![CDATA[unemployment]]></category>
		<category><![CDATA[US]]></category>

		<guid isPermaLink="false">http://blog.smartincubator.com/?p=755</guid>
		<description><![CDATA[Federal Reserve Chairman Ben S. Bernanke said the U.S. recovery, while being sustained by private demand, isn’t as strong as he prefers and faces risks from Europe’s debt crisis that may require further Fed action. U.S. growth is “not as fast as we would like,” Bernanke told the House Budget Committee in testimony today just hours [...]]]></description>
		<wfw:commentRss>http://blog.smartincubator.com/2010/06/bernanke-says-fed-prepared-to-counter-effects-of-europe-crisis/feed/</wfw:commentRss>
		<slash:comments>1</slash:comments>
		</item>
		<item>
		<title>Asian Stocks Fall to 10-Month Low, Won Dives, Commodities Drop</title>
		<link>http://blog.smartincubator.com/2010/05/asian-stocks-fall-to-10-month-low-won-dives-commodities-drop/</link>
		<comments>http://blog.smartincubator.com/2010/05/asian-stocks-fall-to-10-month-low-won-dives-commodities-drop/#comments</comments>
		<pubDate>Tue, 25 May 2010 04:39:07 +0000</pubDate>
		<dc:creator>elgintan</dc:creator>
				<category><![CDATA[Asia Economics]]></category>
		<category><![CDATA[Commodities]]></category>
		<category><![CDATA[Economics]]></category>
		<category><![CDATA[FX]]></category>
		<category><![CDATA[Asia]]></category>
		<category><![CDATA[australia]]></category>
		<category><![CDATA[China]]></category>
		<category><![CDATA[commodity]]></category>
		<category><![CDATA[currency]]></category>
		<category><![CDATA[Euro Zone]]></category>
		<category><![CDATA[global markets]]></category>
		<category><![CDATA[stock market]]></category>

		<guid isPermaLink="false">http://blog.smartincubator.com/?p=741</guid>
		<description><![CDATA[Asian stocks and the won plunged to 10-month lows after a report that North Korean leader Kim Jong Il ordered his military to prepare for combat last week. The euro weakened and commodities declined on concern Europe’s debt crisis will spread. The MSCI Asia Pacific Index dropped 3.1 percent to 109.24 a 1:30 p.m. in Tokyo, set for [...]]]></description>
		<wfw:commentRss>http://blog.smartincubator.com/2010/05/asian-stocks-fall-to-10-month-low-won-dives-commodities-drop/feed/</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
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		<title>Bank Swaps, Libor Show Doubts on Europe Bailout: Credit Markets</title>
		<link>http://blog.smartincubator.com/2010/05/bank-swaps-libor-show-doubts-on-europe-bailout-credit-markets/</link>
		<comments>http://blog.smartincubator.com/2010/05/bank-swaps-libor-show-doubts-on-europe-bailout-credit-markets/#comments</comments>
		<pubDate>Tue, 11 May 2010 06:23:48 +0000</pubDate>
		<dc:creator>elgintan</dc:creator>
				<category><![CDATA[Banking Industry]]></category>
		<category><![CDATA[Economics]]></category>
		<category><![CDATA[bonds]]></category>
		<category><![CDATA[credit-default swaps]]></category>
		<category><![CDATA[debt]]></category>
		<category><![CDATA[Euro]]></category>
		<category><![CDATA[Euro Zone]]></category>
		<category><![CDATA[forex]]></category>
		<category><![CDATA[global markets]]></category>

		<guid isPermaLink="false">http://blog.smartincubator.com/?p=725</guid>
		<description><![CDATA[Money markets and the cost of protecting bank bonds from losses show investors are concerned the almost $1 trillion rescue plan announced by European leaders may not be enough to contain the region’s sovereign debt crisis. The Markit iTraxx Financial Index of credit-default swaps on 20 European banks was last at 130.5 basis points compared [...]]]></description>
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		<slash:comments>0</slash:comments>
		</item>
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		<title>Greek Seven-Year Notes Drop; Demand Wanes at ‘Surprise’ Auction</title>
		<link>http://blog.smartincubator.com/2010/03/greek-seven-year-notes-drop-demand-wanes-at-%e2%80%98surprise%e2%80%99-auction/</link>
		<comments>http://blog.smartincubator.com/2010/03/greek-seven-year-notes-drop-demand-wanes-at-%e2%80%98surprise%e2%80%99-auction/#comments</comments>
		<pubDate>Tue, 30 Mar 2010 17:30:45 +0000</pubDate>
		<dc:creator>elgintan</dc:creator>
				<category><![CDATA[Banking Industry]]></category>
		<category><![CDATA[Fixed Income]]></category>
		<category><![CDATA[debt]]></category>
		<category><![CDATA[Euro]]></category>
		<category><![CDATA[Euro Zone]]></category>
		<category><![CDATA[greece]]></category>
		<category><![CDATA[Interest rates]]></category>

		<guid isPermaLink="false">http://blog.smartincubator.com/?p=690</guid>
		<description><![CDATA[March 30 (Bloomberg) &#8212; Greek seven-year notes fell in the first day of trading and an auction of 12-year bonds garnered demand for less than half the debt offered on concern Europe’s most indebted nation will keep struggling to fund itself. The drop drove yields on the 5 billion euros ($6.7 billion) of seven-year notes [...]]]></description>
		<wfw:commentRss>http://blog.smartincubator.com/2010/03/greek-seven-year-notes-drop-demand-wanes-at-%e2%80%98surprise%e2%80%99-auction/feed/</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>Stock futures rise after Greece gets aid package</title>
		<link>http://blog.smartincubator.com/2010/03/stock-futures-rise-after-greece-gets-aid-package/</link>
		<comments>http://blog.smartincubator.com/2010/03/stock-futures-rise-after-greece-gets-aid-package/#comments</comments>
		<pubDate>Mon, 29 Mar 2010 01:04:07 +0000</pubDate>
		<dc:creator>elgintan</dc:creator>
				<category><![CDATA[Economics]]></category>
		<category><![CDATA[debt]]></category>
		<category><![CDATA[Euro]]></category>
		<category><![CDATA[Euro Zone]]></category>

		<guid isPermaLink="false">http://blog.smartincubator.com/?p=679</guid>
		<description><![CDATA[Businessweek, 26th Mar 2010, Stephen Bernard Stock futures are rising Friday after European leaders agreed to a bailout program for debt-burdened Greece. Domestically, investors will look to a final reading of fourth-quarter gross domestic product and a report on March consumer sentiment for signs of an economic rebound. The joint European Union and International Monetary [...]]]></description>
		<wfw:commentRss>http://blog.smartincubator.com/2010/03/stock-futures-rise-after-greece-gets-aid-package/feed/</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>Greek Crisis Is Over, Rest of Region Safe, Prodi Says</title>
		<link>http://blog.smartincubator.com/2010/03/greek-crisis-is-over-rest-of-region-safe-prodi-says/</link>
		<comments>http://blog.smartincubator.com/2010/03/greek-crisis-is-over-rest-of-region-safe-prodi-says/#comments</comments>
		<pubDate>Thu, 11 Mar 2010 03:26:15 +0000</pubDate>
		<dc:creator>elgintan</dc:creator>
				<category><![CDATA[Economics]]></category>
		<category><![CDATA[debt]]></category>
		<category><![CDATA[Euro]]></category>
		<category><![CDATA[Euro Zone]]></category>
		<category><![CDATA[greece]]></category>
		<category><![CDATA[recovery]]></category>

		<guid isPermaLink="false">http://blog.smartincubator.com/?p=671</guid>
		<description><![CDATA[The worst ofGreece’s financial crisis is over and other European nations won’t follow in its path, said former European Commission President Romano Prodi. “For Greece, the problem is completely over,” said Prodi, who was also Italian prime minister, in an interview in Shanghai today. “I don’t see any other case now in Europe. I don’t think [...]]]></description>
		<wfw:commentRss>http://blog.smartincubator.com/2010/03/greek-crisis-is-over-rest-of-region-safe-prodi-says/feed/</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>Greek Bailout Needs IMF `Bad Cop&#8217; to Relieve Euro</title>
		<link>http://blog.smartincubator.com/2010/03/greek-bailout-needs-imf-bad-cop-to-relieve-euro/</link>
		<comments>http://blog.smartincubator.com/2010/03/greek-bailout-needs-imf-bad-cop-to-relieve-euro/#comments</comments>
		<pubDate>Wed, 10 Mar 2010 05:21:41 +0000</pubDate>
		<dc:creator>elgintan</dc:creator>
				<category><![CDATA[Economics]]></category>
		<category><![CDATA[bailout]]></category>
		<category><![CDATA[Euro]]></category>
		<category><![CDATA[Euro Zone]]></category>
		<category><![CDATA[greece]]></category>

		<guid isPermaLink="false">http://blog.smartincubator.com/?p=665</guid>
		<description><![CDATA[“Who you gonna call?” wasn’t just a catchphrase in the 1984 film “Ghostbusters.” If the worst happens in Greece, Spain or Portugal, we’re going to hear it all over again, and Europe’s taxpayers will want to know the answer. The European Union? The European Central Bank? Or the International Monetary Fund? Senior officials, including ECB [...]]]></description>
		<wfw:commentRss>http://blog.smartincubator.com/2010/03/greek-bailout-needs-imf-bad-cop-to-relieve-euro/feed/</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>Greece Aid Plea Snubbed by Germany in ‘Historic Moment’ for EU</title>
		<link>http://blog.smartincubator.com/2010/03/greece-aid-plea-snubbed-by-germany-in-%e2%80%98historic-moment%e2%80%99-for-eu/</link>
		<comments>http://blog.smartincubator.com/2010/03/greece-aid-plea-snubbed-by-germany-in-%e2%80%98historic-moment%e2%80%99-for-eu/#comments</comments>
		<pubDate>Thu, 04 Mar 2010 03:35:30 +0000</pubDate>
		<dc:creator>elgintan</dc:creator>
				<category><![CDATA[Economics]]></category>
		<category><![CDATA[FX]]></category>
		<category><![CDATA[debt]]></category>
		<category><![CDATA[Euro Zone]]></category>
		<category><![CDATA[forex]]></category>
		<category><![CDATA[Germany]]></category>
		<category><![CDATA[greece]]></category>

		<guid isPermaLink="false">http://blog.smartincubator.com/?p=654</guid>
		<description><![CDATA[Greece’s pledge to ramp up planned budget-deficit cuts by half failed to yield commitments of financial assistance from Germany, Europe’s biggest economy, to help solve its financial crisis. German Chancellor Angela Merkel said a meeting tomorrow with Greek Prime Minister George Papandreou won’t be “about aid commitments.” Her finance minister, Wolfgang Schaeuble, said the deficit-reduction measures announced in [...]]]></description>
		<wfw:commentRss>http://blog.smartincubator.com/2010/03/greece-aid-plea-snubbed-by-germany-in-%e2%80%98historic-moment%e2%80%99-for-eu/feed/</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>Eurozone unemployment rate stays at worrying 9.9%</title>
		<link>http://blog.smartincubator.com/2010/03/eurozone-unemployment-rate-stays-at-worrying-9-9/</link>
		<comments>http://blog.smartincubator.com/2010/03/eurozone-unemployment-rate-stays-at-worrying-9-9/#comments</comments>
		<pubDate>Tue, 02 Mar 2010 03:05:26 +0000</pubDate>
		<dc:creator>elgintan</dc:creator>
				<category><![CDATA[Economics]]></category>
		<category><![CDATA[Euro Zone]]></category>
		<category><![CDATA[unemployment]]></category>

		<guid isPermaLink="false">http://blog.smartincubator.com/?p=635</guid>
		<description><![CDATA[BRUSSELS: Unemployment in the 16-nation eurozone remained at 9.9 percent in January, providing more evidence that Europe&#8217;s recovery from the worst recession in decades is a largely jobless one. The crumb of comfort, for European statisticians if not for the unemployed, was that December&#8217;s first estimate of a double-digit unemployment rate was revised back to [...]]]></description>
		<wfw:commentRss>http://blog.smartincubator.com/2010/03/eurozone-unemployment-rate-stays-at-worrying-9-9/feed/</wfw:commentRss>
		<slash:comments>0</slash:comments>
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