New Network News for PDM http://www.publicdebtnet.org/ New Network News it PDM Network 18 May 2012 - South Korea not mulling ban on short selling Seoul, May 18 (IANS) South Korea is not mulling ban on short selling of non-financial stocks despite resurfacing concerns over Europe's debt crisis, a senior financial regulator said Friday.
"Ban on short sales is not being mulled at present," Koh Seung-beom, director general of Financial Services Commission (FSC) financial policy bureau, told reporters [...]



http://www.publicdebtnet.org/public/News/newsDetail.jsp?id=13443 20120518
18 May 2012 - Nigeria: FG Borrows N70 Billion in Bonds to Fund Budget Deficit The Federal Government, Wednesday, borrowed N70 billion ($440.31 million), though the issuance of 5-year and 10-year bonds maturing in 2017 and 2022, at its regular auction, the Debt Management Office (DMO) said [...]

http://www.publicdebtnet.org/public/News/newsDetail.jsp?id=13442 20120518
18 May 2012 - TN Govt has taken steps to alleviate fiscal condition of PSUs: Minister The present Government in Tamil Nadu has taken steps to alleviate the financial condition of state public sector undertakings, including the power utility, and stemmed the deteriorating fiscal condition in the State, according to the Finance Minister, Mr O. Paneerselvam [...]

http://www.publicdebtnet.org/public/News/newsDetail.jsp?id=13441 20120518
18 May 2012 - Global leaders seek to corral Europe crisis The leaders of eight of the world's biggest economies meet this weekend outside Washington, seeking to keep Europe's debt crisis from spiraling out of control and jeopardizing fledgling recoveries in the US and elsewhere [...] http://www.publicdebtnet.org/public/News/newsDetail.jsp?id=13440 20120518 18 May 2012 - WSJ Answers Reader Questions on Greek Endgame Scenarios With the sovereign debt crisis in Greece growing increasingly dire, a team of WSJ reporters and editors fielded reader questions in a live chat on May 17. The chat featured reporter Marcus Walker, who is based in Berlin, and covers politics and economics in Germany and the euro zone [...] http://www.publicdebtnet.org/public/News/newsDetail.jsp?id=13439 20120518 18 May 2012 - Defiant Message From Greece . The head of Greece's radical left party—throwing down a gauntlet that could increase tensions between Greece and its frustrated European creditors—said he sees little chance Europe will cut off funding to the country but that if it does, Athens will stop paying its debts [...]

http://www.publicdebtnet.org/public/News/newsDetail.jsp?id=13438 20120518
18 May 2012 - Merkel Pressed, but Unlikely to Yield Top world leaders gathering at Camp David this weekend are expected to exhort Angela Merkel to open wide the vaults of Berlin's treasury to forestall a collapse of Greece and Europe's common currency. The German leader's response to be the pressure figures to be a familiar one: Nein [...]

http://www.publicdebtnet.org/public/News/newsDetail.jsp?id=13437 20120518
18 May 2012 - France says no to treaty without EU growth pact France’s new finance minister, Pierre Moscovici, has insisted France will not ratify the fiscal treaty unless an EU growth pact is agreed [...]

http://www.publicdebtnet.org/public/News/newsDetail.jsp?id=13436 20120518
18 May 2012 - No delay in ratifying treaty in event of Yes in referendum, says Taoiseach Taoiseach Enda Kenny has ruled out any delay in ratifying the fiscal treaty if the referendum on May 31st is passed. Speaking in Galway yesterday at the announcement of more than 200 new jobs, Mr Kenny said the treaty would be ratified as quickly as possible [...]

http://www.publicdebtnet.org/public/News/newsDetail.jsp?id=13435 20120518
18 May 2012 - European shares fall on worries over Spanish banks European stock markets had a shaky start on Friday as concern continued over Greece and Spain [...]

http://www.publicdebtnet.org/public/News/newsDetail.jsp?id=13434 20120518
18 May 2012 - Euro zone market turmoil to last 12-24 months - Schaeuble Market turmoil over the euro zone crisis could last another 12 to 24 months, German Finance Minister Wolfgang Schaeuble said on Friday, saying it was up to the Greeks to decide if they wanted to stay in the single currency.[...]
http://www.publicdebtnet.org/public/News/newsDetail.jsp?id=13424 20120518
18 May 2012 - G8 leaders look to head off euro zone crisis Leaders of major industrial economies meet this weekend to try to head off a full-blown crisis in Europe where fears are growing that Greece could leave the euro zone bloc, threatening the future of the common currency.[...]
http://www.publicdebtnet.org/public/News/newsDetail.jsp?id=13414 20120518
18 May 2012 - Spain beset by bank crisis, downgrades, bond pressure Spain's borrowing costs shot up at a bond auction on Thursday and its troubled banks suffered a double blow, with shares in part-nationalised Bankia diving and 16 lenders - including the euro zone's biggest - having their credit ratings cut.[...]
http://www.publicdebtnet.org/public/News/newsDetail.jsp?id=13406 20120518
18 May 2012 - Euro Touches 4-Month Low After Fitch Downgrades Greece The euro sank to a four-month low against the dollar, heading for its biggest weekly drop since January, after Moody’s Investors Service downgraded 16 Spanish banks, underscoring concern that Europe’s turmoil is worsening.[...]

http://www.publicdebtnet.org/public/News/newsDetail.jsp?id=13405 20120518
18 May 2012 - Cameron Says He’ll Stick to Austerity, Sees Euro Risk U.K. Prime Minister David Cameron said he won’t swerve from his austerity plan, warning members of the European single currency that their failure to end the region’s debt crisis carries “huge risks for everybody.”[...]

http://www.publicdebtnet.org/public/News/newsDetail.jsp?id=13404 20120518
18 May 2012 - Colombia Debt Issuance to Keep Falling in 2013, Suarez Says Colombia’s financing needs will keep dropping as tax collections rise and the budget deficit narrows, Public Credit Director Maria Fernanda Suarez said.[...]

http://www.publicdebtnet.org/public/News/newsDetail.jsp?id=13402 20120518
18 May 2012 - Why Austerity Is Europe's Only Hope The prevailing view amongst Keynesians is that the austerity measures being taken in Europe to prevent a complete currency and bond market collapse is the cause of their current recession.[..] http://www.publicdebtnet.org/public/News/newsDetail.jsp?id=13403 20120518 18 May 2012 - Spain Crisis Lender for Regions Can Tap ECB to Fill Coffers The Spanish government’s bank channeling aid to cash-strapped regions can keep a lid on its funding bill by tapping the European Central Bank for loans that cost it a fraction of the amount bond investors will charge.

http://www.publicdebtnet.org/public/News/newsDetail.jsp?id=13401 20120518
18 May 2012 - Fitch Cuts Greece as Leaders Spar Over Euro Membership Greece’s credit rating was downgraded one level by Fitch Ratings on concerns the country won’t be able to muster the political support needed to sustain its membership in the euro area as leaders began campaigning ahead of the second national vote in six weeks.[...]

http://www.publicdebtnet.org/public/News/newsDetail.jsp?id=13399 20120518
18 May 2012 - Treasury Yield Close to Record Low on Europe Debt Crisis Treasury 10-year yields, the benchmark for everything from corporate bonds to mortgages, were four basis points from their record low as Europe’s fiscal crisis drove up demand for the relative safety of U.S. debt.

http://www.publicdebtnet.org/public/News/newsDetail.jsp?id=13398 20120518
18 May 2012 - Malawi pushes Zimbabwe Govt to pay $23m debt Malawi has dispatched a government delegation to Zimbabwe to collect part payment of[..] http://www.publicdebtnet.org/public/News/newsDetail.jsp?id=13400 20120518 18 May 2012 - Poland will reduce public debt in 2012 - Finance Minister Poland will succeed in reducing its public debt in 2012 even if the zloty enjoys no appreciation in relation to 2011, Finance Minister Jacek Rostowski told radio TOK FM Thursday morning.[..]

http://www.publicdebtnet.org/public/News/newsDetail.jsp?id=13397 20120518
18 May 2012 - Can global leaders help Europe contain crisis? When leaders from eight of the world's biggest economies meet this weekend outside Washington, the focus will be on how to prevent Europe's debt crisis from spiraling out of control.[..]

http://www.publicdebtnet.org/public/News/newsDetail.jsp?id=13396 20120518
18 May 2012 - French Government Signals Tough Stance On Debt France's new Socialist government began its first full day in power by underscoring a commitment to fight debt and deficits at home by landing all 34 ministers and President Francois Hollande with a 30% pay cut, whilst reiterating a pledge to steer Europe onto a path of growth instead of pure austerity.[..]

http://www.publicdebtnet.org/public/News/newsDetail.jsp?id=13395 20120518
18 May 2012 - ‘SA inability to fulfil budgets detrimental’ The chronic inability to fulfil investment budgets is detrimental to South Africa's economy and is one of the biggest obstacles preventing the economy from raising its growth potential, Moody's says in a credit opinion published on Wednesday.[..]

http://www.publicdebtnet.org/public/News/newsDetail.jsp?id=13394 20120518
17 May 2012 - Analysis: U.S. bond bulls not ready to call off the charge They are the few, the brave, the unloved, and among big investors, their number shrinks by the month.[...]
http://www.publicdebtnet.org/public/News/newsDetail.jsp?id=13392 20120517
17 May 2012 - BOJ on hold, to keep powder dry as Europe clouds darken The Bank of Japan is expected to hold off on boosting asset purchases when it reviews policy next week, preferring instead to save ammunition as Europe's deepening debt crisis could warrant action in coming months to fend off damage to the fragile economy.[...] http://www.publicdebtnet.org/public/News/newsDetail.jsp?id=13391 20120517 17 May 2012 - Obama, Republicans clash over U.S. debt limit increase If Republican and Democratic leaders want to avoid a reprise of last year's nasty showdown over raising the federal debt limit, they are not off to a good start.[...]
http://www.publicdebtnet.org/public/News/newsDetail.jsp?id=13390 20120517
17 May 2012 - Caretaker Greek Cabinet, legislators sworn in Greece's caretaker Cabinet was sworn in Thursday and will lead the country into next month's election, after a deadlocked vote sparked more political turmoil and brought the country's use of the euro currency into question [...] http://www.publicdebtnet.org/public/News/newsDetail.jsp?id=13389 20120517 17 May 2012 - Spain’s Economy Contracts on Spending Slump, Exports Spain’s economy shrank in the first three months of 2012 as exports slowed and household spending fell amid the harshest austerity measures in more than three decades aimed at taming the euro area’s third-largest deficit.[...]

http://www.publicdebtnet.org/public/News/newsDetail.jsp?id=13388 20120517
17 May 2012 - Euro Crisis: Spain 'Is The Real Concern' While Greece teeters on a possible exit from the euro there is a growing market focus on debt-laden Spain's ability to avoid a financial abyss [...] http://www.publicdebtnet.org/public/News/newsDetail.jsp?id=13387 20120517 17 May 2012 - Bond Market May Not Warn When Debt Crisis Strikes One by one, European nations are letting their voices be heard, tossing out the party in power and voting in those who, in some cases, have a more radical agenda or, in others, are just willing to say “no” to the status quo. A bas l’austerite! Down with austerity! Up with growth![...]

http://www.publicdebtnet.org/public/News/newsDetail.jsp?id=13386 20120517
17 May 2012 - Former ECB Member: Anyone Who Thinks A Greek Exit Won't Cause A Major Crisis Has No Clue What They're Talking about Former ECB member Lorenzo Bini Smaghi has a sharply worded op-ed in the FT that basically says: Greece's demand to renegotiate its bailout while staying in the Eurozone is ridiculous, but that if Greece is forced out, the devastation will be bigger than anyone appreciates [...]

http://www.publicdebtnet.org/public/News/newsDetail.jsp?id=13385 20120517
17 May 2012 - Debt Falls as Chávez Fails to Back Down . Signs that President Hugo Chávez has no intentions of backing down from Venezuela's upcoming presidential elections, despite his battle with cancer, are putting a damper on the country's red-hot sovereign debt [...] http://www.publicdebtnet.org/public/News/newsDetail.jsp?id=13384 20120517 17 May 2012 - Japan's GDP Growth Accelerates on Government Outlays . Japan's economy grew an annualized 4.1% in the January-March quarter as resurgent domestic demand and government spending helped fuel recovery from last year's natural disasters and supply chain disruptions that suppressed growth [...]

http://www.publicdebtnet.org/public/News/newsDetail.jsp?id=13382 20120517
17 May 2012 - Impoverishing Europe The crisis is not relinquishing its grip on Europe. From autumn 2008 to early 2009 the world market experienced the deepest slump in economic output since the Second World War[..] http://www.publicdebtnet.org/public/News/newsDetail.jsp?id=13368 20120517 17 May 2012 - China Slowdown to End in Third Quarter, Survey Shows China’s economic growth is likely to accelerate for the first time in seven quarters after banks’ reserve requirements were cut, buoying global expansion threatened by Greece’s possible exit from the euro.[...]

http://www.publicdebtnet.org/public/News/newsDetail.jsp?id=13383 20120517
17 May 2012 - Experts Try to Chart Path for Exit From Currency Returning to a national currency after more than a decade of using the euro and having its money managed by the European Central Bank would catapult Greece into a financial, legal and political no man's land [...]

http://www.publicdebtnet.org/public/News/newsDetail.jsp?id=13381 20120517
17 May 2012 - Looking to China to fire up its economy When China feels the need to fire up its fiscal or monetary firepower, we believe the flow of money will send Chinese stocks-along with commodities-higher[..]

http://www.publicdebtnet.org/public/News/newsDetail.jsp?id=13367 20120517
17 May 2012 - Athens must decide if it wants EU help, says German finance minister Greece “Cannot have its cake and eat it” by accepting EU financing without the conditions, German finance minister Wolfgang Schäuble has said [...] http://www.publicdebtnet.org/public/News/newsDetail.jsp?id=13379 20120517 17 May 2012 - Russian Funds Flee as Anti-Putin Demonstrators Dig In Investors are fleeing Russia as demonstrators against President Vladimir Putin dig in, exacerbating the impact of Europe’s debt crisis on the country’s markets, money managers from Frankfurt to Moscow said.[...]

http://www.publicdebtnet.org/public/News/newsDetail.jsp?id=13380 20120517
17 May 2012 - Fears grow over Greek banks A senior judge has been appointed caretaker prime minister of Greece amid anxiety that the unyielding political turmoil in the country could prompt a run on its banks [...]

http://www.publicdebtnet.org/public/News/newsDetail.jsp?id=13378 20120517
17 May 2012 - Spain bond auction sees cost of borrowing rise Spain has paid sharply higher rates of interest to borrow money on the international markets, as worries grow about the state of its economy [...] http://www.publicdebtnet.org/public/News/newsDetail.jsp?id=13376 20120517 17 May 2012 - Japan Growth Pick-Up Clouded by Deepening European Risk Japan’s economy expanded faster than estimated in the first quarter, boosted by reconstruction spending that’s poised to fade just as a worsening in Europe’s crisis threatens to curtail export demand.[...]

http://www.publicdebtnet.org/public/News/newsDetail.jsp?id=13377 20120517
17 May 2012 - S. Korea's fundamentals remain strong despite Greek shock: official South Korea's economic fundamentals remain strong despite global financial market uncertainty triggered by worries Greece will exit the eurozone, a government policymaker said Thursday [...] http://www.publicdebtnet.org/public/News/newsDetail.jsp?id=13375 20120517 17 May 2012 - ECB Stops Loans to Some Greek Banks as Draghi Talks Exit The European Central Bank said it will temporarily stop lending to some Greek banks to limit its risk as President Mario Draghi signaled the ECB won’t compromise on key principles to keep Greece in the euro area.[...]

http://www.publicdebtnet.org/public/News/newsDetail.jsp?id=13374 20120517
17 May 2012 - Minutes show Fed wary on economy Federal Reserve officials weren’t confident in recent indicators to upgrade their description of the economy as “several” say more easing could be needed if momentum slows, according to minutes released by the central bank Wednesday.[..]

http://www.publicdebtnet.org/public/News/newsDetail.jsp?id=13366 20120517
17 May 2012 - Hollande sets out growth agenda for Europe New French President Francois Hollande called for a European pact for growth to balance out German-driven austerity measures in his inaugural address yesterday, hours before taking his challenge to Chancellor Angela Merkel in Berlin.[..]
http://www.publicdebtnet.org/public/News/newsDetail.jsp?id=13365 20120517
17 May 2012 - WB, IMF share experience with Vietnam in control of public debts A seminar on the control of public debts was held here on Wednesday by the Vietnamese Ministry of Finance (MOF), the World Bank (WB) and the International Monetary Fund (IMF).[..]
http://www.publicdebtnet.org/public/News/newsDetail.jsp?id=13364 20120517
16 May 2012 - BOJ misses JGB buying target for first time The Bank of Japan fell short of its target for buying government bonds on Wednesday for the first time since introducing an asset-buying scheme in 2010, the latest sign it is pumping more cash than markets can swallow.[...]
http://www.publicdebtnet.org/public/News/newsDetail.jsp?id=13355 20120516
16 May 2012 - Greek political turmoil heightens euro exit fears Fears of a Greek exit from the euro zone worsening the debt crisis facing other European nations gripped financial markets on Wednesday, sending shares and other riskier assets lower as investors shifted funds into safe havens like the U.S. dollar.[...]
http://www.publicdebtnet.org/public/News/newsDetail.jsp?id=13354 20120516
16 May 2012 - Is India’s debt situation really scary? The International Monetary Fund (IMF) survey of global macro economy has found that India’s debt management policy is not the most efficient amongst the BRIC (Brazil, Russia, India, and China) member countries pack. This view, however, has few takers in India [...]
http://www.publicdebtnet.org/public/News/newsDetail.jsp?id=13352 20120516
16 May 2012 - Poland - Factors to Watch on May 16 Here are news stories, press reports and events to watch, which may affect Poland's financial markets on Wednesday.[...] http://www.publicdebtnet.org/public/News/newsDetail.jsp?id=13343 20120516 16 May 2012 - US vulture fund profits from bond payout Most of the money Greece used to pay in full a 436-million-euro foreign law bond on Tuesday went to a vulture fund, the New York Times has reported [...] http://www.publicdebtnet.org/public/News/newsDetail.jsp?id=13351 20120516 16 May 2012 - Markets and euro dive again as IMF prepares for a 'messy' Greek eurozone exit Financial markets and the euro have slumped again today after the International Monetary Fund revealed it was gearing up for Greece to leave the euro [...]

http://www.publicdebtnet.org/public/News/newsDetail.jsp?id=13350 20120516
16 May 2012 - Hungary’s Stimulus Crashing Corners Orban Before IMF Talks Hungarian Premier Viktor Orban’s negotiating hand going into bailout talks with the International Monetary Fund has been weakened after the economy slumped the most in three years, said economists from London to Budapest.[...]

http://www.publicdebtnet.org/public/News/newsDetail.jsp?id=13342 20120516
16 May 2012 - Recession-hit Italy posts March trade surplus Italy posted today a strong turnaround in its March trade balance, as the recession-hit eurozone member cut imports while it boosted exports [...] http://www.publicdebtnet.org/public/News/newsDetail.jsp?id=13349 20120516 16 May 2012 - Greek President Told Banks Anxious as Deposits Pulled Greek President Karolos Papoulias was told by the nation’s central bank chief that financial institutions are worried about their survival as Greeks pull out euros amid a deepening political crisis.[...]

http://www.publicdebtnet.org/public/News/newsDetail.jsp?id=13341 20120516
16 May 2012 - Lawmakers gather to talk deficit, answers elusive Government leaders past and present gathered in Washington to do what they do best about the nation's deficit woes: talk [...]

http://www.publicdebtnet.org/public/News/newsDetail.jsp?id=13348 20120516
16 May 2012 - Spanish, Italian Bonds Slide on Greek Crisis Contagion Spanish and Italian bonds tumbled with counterparts in Europe’s high-deficit nations as Greek leaders prepared to set a new election date, fueling concern the country will abandon the euro.[...]

http://www.publicdebtnet.org/public/News/newsDetail.jsp?id=13340 20120516
16 May 2012 - State seeks troika deal to use €3bn asset sale for growth The Government is advancing talks with the EU-International Monetary Fund-European Central Bank troika to use all of the €3 billion it hopes to realise from the privatisation of State assets in a new stimulus plan to boost economic growth [...] http://www.publicdebtnet.org/public/News/newsDetail.jsp?id=13347 20120516 16 May 2012 - Treasury 30-Year Bonds Gain a Fourth Day on Greek Concern Treasury 30-year bonds advanced for a fourth day as deepening speculation Greece will leave the euro area boosted demand for the relative safety of U.S. debt.[...]

http://www.publicdebtnet.org/public/News/newsDetail.jsp?id=13339 20120516
16 May 2012 - EU agrees strict new bank rules The European Union has agreed strict new rules for banks, intended to make them safer and eliminate the need for future bailouts [...] http://www.publicdebtnet.org/public/News/newsDetail.jsp?id=13346 20120516 16 May 2012 - Greece to pay hold-outs who rejected bond swap Greece has agreed to pay off some of the investors who rejected its bond swap earlier this year [...] http://www.publicdebtnet.org/public/News/newsDetail.jsp?id=13345 20120516 16 May 2012 - Serb Central Bank Says Rate Moves Hang on Fiscal Consolidation Serbia’s central bank needs to see how committed the government is in trimming the budget deficit and public debt before deciding on new interest-rate policies.[...]

http://www.publicdebtnet.org/public/News/newsDetail.jsp?id=13338 20120516
16 May 2012 - They're lining up to issue ringgit sukuk in Malaysia The Royal Bank of Scotland (RBS) said it has a strong pipeline of foreign companies looking to issue ringgit-denominated sukuk in Malaysia over the next nine to 12 months [...]



http://www.publicdebtnet.org/public/News/newsDetail.jsp?id=13344 20120516
16 May 2012 - BOJ Failed to Draw Enough Offers in Debt Purchase The Bank of Japan (8301)’s asset-purchase program, expanded twice in three months, hit a roadblock today when the central bank couldn’t find enough government securities to buy[...] http://www.publicdebtnet.org/public/News/newsDetail.jsp?id=13337 20120516 16 May 2012 - Korean AAA Spreads Narrowest Since 2007 as New Rules Slow Sales South Korean companies’ borrowing costs are dropping to a five-year low compared with government yields as new regulations curb bond sales[...] http://www.publicdebtnet.org/public/News/newsDetail.jsp?id=13336 20120516 16 May 2012 - Advanced Nations Should Skip Quantitative Easing, Kim Says South Korea’s central bank governor urged developed nations to resist another round of quantitative easing even as a slide in global stocks underscored the concern that Greece may exit the euro, causing turmoil in markets[...] http://www.publicdebtnet.org/public/News/newsDetail.jsp?id=13335 20120516 16 May 2012 - France Sells EU8 Billion in Debt in First Hollande Auction France sold 8 billion euros ($10.2 billion) in bonds, with borrowing costs falling in the first auction after President Francois Hollande took power[...] http://www.publicdebtnet.org/public/News/newsDetail.jsp?id=13334 20120516 15 May 2012 - China Remains Ahead Of Japan As Largest Foreign Holder Of US Treasurys: TIC China boosted its net portfolio of U.S. Treasurys in March, remaining the largest foreign holder, the Treasury Department said Tuesday.[...]
http://www.publicdebtnet.org/public/News/newsDetail.jsp?id=13330 20120515
15 May 2012 - Country fairly rated -- Fitch The Philippines has not progressed enough to warrant an investment grade credit rating, a debt watcher yesterday said, countering the government’s calls for an upgrade.[...]
http://www.publicdebtnet.org/public/News/newsDetail.jsp?id=13329 20120515
15 May 2012 - Pessimism persists over high Asia trading costs Fixed trading costs such as stamp duty and other taxes are notoriously high in Asia ex-Japan, and many are not optimistic about the prospect of them coming down.[...] http://www.publicdebtnet.org/public/News/newsDetail.jsp?id=13328 20120515 15 May 2012 - Local gov'ts to continue bond issuance trials The Ministry of Finance (MOF) announced Monday that the State Council, the country's cabinet, has given approval to the cities of Shanghai and Shenzhen, as well as the provinces of Zhejiang and Guangdong, to continue bond issuance trials this year.[...] http://www.publicdebtnet.org/public/News/newsDetail.jsp?id=13327 20120515 15 May 2012 - Eurozone Crisis: Who Wins If Greece Leaves The Euro And Brings Back The Drachma? Even as European markets tumbled amid fears Greece could leave the euro, at least one stock was on the rise: a currency printer.[...]

http://www.publicdebtnet.org/public/News/newsDetail.jsp?id=13326 20120515
15 May 2012 - Euro Zone Economy Skirts Recession It’s way too early to call a turning point. But while Greeks were marching in the streets against austerity, their economy may actually have been growing for the first time since 2009.[...] http://www.publicdebtnet.org/public/News/newsDetail.jsp?id=13325 20120515 15 May 2012 - Government debt at record level The Government’s liabilities rose during the fourth quarter of 2011, reaching a record level, new data showed today.[...

http://www.publicdebtnet.org/public/News/newsDetail.jsp?id=13324 20120515
15 May 2012 - JGB yield curve flattens as superlongs rise after 40-yr sale Superlong Japanese government bond prices rose on Tuesday after a smooth 40-year sale, sending the 20- and 30-year yields to fresh 19-month lows, as deepening political uncertainty in Greece continued to underpin demand for fixed-income assets.[...]
http://www.publicdebtnet.org/public/News/newsDetail.jsp?id=13323 20120515
15 May 2012 - Italy recession deepens, steepest fall since 2009 Italy's economy slid further into recession in the first three months of this year, the third consecutive quarterly decline in activity and the steepest economic contraction for three years, preliminary figures showed on Tuesday.[...]
http://www.publicdebtnet.org/public/News/newsDetail.jsp?id=13322 20120515
15 May 2012 - Turkish lira, bonds recover after heavy sell-off The Turkish lira recovered on Tuesday after falling to its lowest in more than a month on Monday as doubts about Greece's future as a euro member hit riskier assets, while cheap lira funding from the central bank helped bond yields inch lower.[...]
http://www.publicdebtnet.org/public/News/newsDetail.jsp?id=13321 20120515
15 May 2012 - Bund yields edge up as euro zone avoids recession German Bund yields lifted off record lows on Tuesday after the euro zone narrowly avoided recession in the first quarter of 2012 but the move was expected to be short-lived with political stalemate in Greece supporting safe-haven debt.[...]
http://www.publicdebtnet.org/public/News/newsDetail.jsp?id=13320 20120515
15 May 2012 - Euro zone finance ministers dismiss Greek exit "propaganda" Euro zone finance ministers dismissed talk of Greece leaving the euro zone as "propaganda and nonsense" on Monday, but said the country had to respect the terms of the bailout programme agreed with the EU and the International Monetary Fund.[...]
http://www.publicdebtnet.org/public/News/newsDetail.jsp?id=13319 20120515
15 May 2012 - India Bonds Gain a Second Day on Central Bank’s Plan to Buy Debt India’s bonds rose for a second day after the central bank said yesterday it will purchase sovereign notes at an open-market auction this week to help the government sell a record amount of debt.[...]

http://www.publicdebtnet.org/public/News/newsDetail.jsp?id=13318 20120515
15 May 2012 - China Growth Seen at 13-Year Low by Pimco China’s slowdown may deepen as policy makers unwind the excesses of a record credit boom while only gradually increasing stimulus, leaving 2012 growth at the weakest in 13 years, Pacific Investment Management Co. says.[...]

http://www.publicdebtnet.org/public/News/newsDetail.jsp?id=13317 20120515
15 May 2012 - Greece Weighs $562 Million Default or Yield Choice Greece, which hasn’t had a government for more than a week and whose 10-year debt yields more than 27 percent, decides today whether to pay 436 million euros ($562 million) to bondholders who shunned last month’s debt swap.[...]

http://www.publicdebtnet.org/public/News/newsDetail.jsp?id=13316 20120515
15 May 2012 - Bunds Decline as Faster-Than-Forecast Growth Damps Safety Demand Germany’s bunds dropped, pushing yields up from a record low, after a report showing gross domestic product rose more than analysts forecast damped demand for the region’s safest assets.[...]

http://www.publicdebtnet.org/public/News/newsDetail.jsp?id=13315 20120515
15 May 2012 - Treasuries Fall as German Expansion Helps Euro Area Treasuries fell, pushing 10-year yields up from the lowest level in seven months, after European reports showed the region avoided a recession and Germany expanded faster than economists predicted.[...]

http://www.publicdebtnet.org/public/News/newsDetail.jsp?id=13314 20120515
14 May 2012 - Analysis: Spain faces corrosion not collapse from euro crisis Students are protesting on Barcelona's elegant boulevards, public-sector wages are being cut for the second time in three years and resentment is growing against the central government and beneficiaries of bank bailouts.[...]
http://www.publicdebtnet.org/public/News/newsDetail.jsp?id=13306 20120514
14 May 2012 - http://www.bloomberg.com/news/2012-05-13/merkel-s-cdu-defeated-in-biggest-german-state-exit-polls-show.html Chancellor Angela Merkel’s party was defeated in Germany’s most populous state in an election that helped the Social Democrats tighten their grip on the country’s regional governments.[...]

http://www.publicdebtnet.org/public/News/newsDetail.jsp?id=13305 20120514
14 May 2012 - As European Austerity Ends, So Could the Euro The euro currency is a malady that condemns at least a generation of Greeks, Italians, Spaniards, Portuguese and Irish to the economic infirmary.[...]

http://www.publicdebtnet.org/public/News/newsDetail.jsp?id=13304 20120514
14 May 2012 - China Plans Talks With Japan, Korea on Free-Trade Area The leaders of China, Japan and South Korea agreed to start negotiations this year on a free-trade accord between three of Asia’s four biggest economies.[...]

http://www.publicdebtnet.org/public/News/newsDetail.jsp?id=13296 20120514
14 May 2012 - Greek Elections Loom as Key Bailout Opponent Defies Unity Greece’s political deadlock went into a second week as President Karolos Papoulias failed to secure agreement on a unity government and avert new elections with the country heading toward a possible exit from the euro area.[...]

http://www.publicdebtnet.org/public/News/newsDetail.jsp?id=13295 20120514
14 May 2012 - Treasury Demand Shows Deficits Irrelevant With Record Yields The inability of the U.S. government to reduce record debt and deficits is being rewarded in the bond market.[...]

http://www.publicdebtnet.org/public/News/newsDetail.jsp?id=13294 20120514
11 May 2012 - IFC plans local-currency African debt The World Bank’s International Finance Corporation expects to invest $2,6bn in Africa this year[..]
http://www.publicdebtnet.org/public/News/newsDetail.jsp?id=13285 20120511
11 May 2012 - A WORLD THAT NEVER WAS Apart from the artistic merits of Kurosawa’s classic film, Seven Samurai, there is an obvious practical message that it tried to impart. And that message relates to the value of cooperation.[..] http://www.publicdebtnet.org/public/News/newsDetail.jsp?id=13284 20120511 11 May 2012 - EU studies debt-neutral 'Marshall Plan' The European Commission is studying proposals coming from eurozone countries which would allow an injection of liquidity in weak economies without breaching tighter fiscal targets.[..]

http://www.publicdebtnet.org/public/News/newsDetail.jsp?id=13277 20120511
11 May 2012 - China Stops Buying Eurozone Debt I don’t know what the markets mean when they flock to dollars and yen (JPY), the two big dogs when it comes to debt creation. But it is what it is, so we carry on, and look for other things that make sense![..]

http://www.publicdebtnet.org/public/News/newsDetail.jsp?id=13276 20120511
11 May 2012 - Emerging economies will drive growth in 2012 Following the Japanese earthquake in March 2011, major industrial sectors were plunged into turmoil. So far 2012 has seen no repeat of the surge in oil prices in the first half of 2011 when they jumped more than 50% compared to the average 2010 price.[..]

http://www.publicdebtnet.org/public/News/newsDetail.jsp?id=13275 20120511
11 May 2012 - Govt debt hits 960 tril. yen in FY 2011 The government's debt hit a record 959.95 trillion yen at the end of fiscal 2011, the Finance Ministry said Thursday[..] http://www.publicdebtnet.org/public/News/newsDetail.jsp?id=13274 20120511 11 May 2012 - Japan Pledges Liquidity in Case of Global Emergency Arising Japan’s central bank pledged to deploy its foreign-exchange assets as part of any international emergency response to turmoil in financial markets.[...]

http://www.publicdebtnet.org/public/News/newsDetail.jsp?id=13269 20120511