Reuters’ article.

By Angelika Papamiltiadou ATHENS (MNI) – Greek finance minister Evangelos Venizelos said today that early national elections will take place after February end 2012, when the negotiations for the new bailout plan are concluded. Venizelos spoke after the closing statement of prime minister George Papandreou, which is unprecedented. However, it is the second time in [...]

By Angelika Papamiltiadou ATHENS (MNI) – Greece’s prime minister said he will be visiting the president of the republic tomorrow, to inform him of his decision to form a coalition government of a broader consensus, hinting that he will be stepping down after he wins the confidence vote in parliament. Papandreou did not name his [...]

Merkel: Hardly any G20 countries have said they will participate in EFSF; no agreement on additional resources for IMF Italy “asks” IMF to monitor budget reform commitments EU’s Van Rompuy: Italy not in same situation as Greece US non-farm payrolls rise 80,000; unemployment rate edges down to 9.0%; payrolls of prior two months revised up [...]

Remains on watch for further downgrade. Greece claims another victim…

US DATA: Oct STRIPS -$3b and -$2.68b ex maturing notes. Bonds -$3.4b and notes +$0.4b. The 3.75% of Aug’41 had $330m net new stripping.

Another rumor he will propose a six-month unity government Samaras, the opposition leader is very unlikely to go for that…Seems as though Papandreou still making mischief on his way out the door.

News that the missing customer funds from MF Global have been found as well as Jefferies, the embattled US investment bank publishing their entire European sovereign debt portfoilio to calm investors has helped sooth some nerves in the market this afternoon. Also helping are hopes that Papandreou is finally prepared to cede power in Greece. [...]

MF Global’s $658 mln in customer funds found at JP Morgan, Bloomberg reports.

But it’s a great quote nonetheless. Too good to check…

That seems to have given the euro the shot in the arm that has sent us back to 1.3790. Hope fully the next government will not have Papandreou’s flair for the dramatic…

By Brai Odion-Esene WASHINGTON (MNI) – Given the bigger role the housing market normally plays in fueling past economic recoveries, the Obama administration is looking “very hard” at measures to provide further help to that struggling sector, a senior U.S. Treasury official said Friday. “We are very concerned about the housing market,” the Treasury official [...]

Indications are that Papandreou will step aside after winning the confidence vote late this evening in Athens. A caretaker government would pass the latest bailout deal and then call elections… If that deal falls apart at the eleventh hour, all bets are off. The vote is not expected until after the US markets have closed [...]

Sees need for strong mechanism to wind down banks Need to address dollar funding for foreign banks Fed to require big banks to improve capital ratios Capital standards alone, wholly inadequate Traullo is sticking to his usual bank regulation script today. He recently spoke on his desire for mortgage-backed bond buying from the Fed, helping [...]

–Vote Expected To Start At 22h00 GMT/18h00 EDT ATHENS (MNI) – The Greek Parliament has opened debate on a key confidence vote that will determine whether the government of Prime Minister George Papandreou can stay in power. The members of the main opposition party New Democracy are boycotting the debate but they will appear in [...]

WASHINGTON (MNI) – The Financial Stability Board released the following text on Systemically Important Financial Institutions, November 4: 1. At recent Summits, G20 Leaders asked the FSB to develop a policy framework to address the systemic and moral hazard risks associated with systemically important financial institutions (SIFIs). 2. In Seoul last year, G20 Leaders endorsed [...]

I don’t get this. Ireland guaranteed their banks, the banks failed, and the Irish government had to seek an EU/IMF bailout to fund the bailout of the financial sector,,, Now they want to offload AIB to Europe? How does that work?

PARIS (MNI) – The Financial Stability Board on Friday published the following list of 29 systemically important financial institutions (SIFIs), which must comply with new resolution-related requirements by end of 2012: Bank of America Bank of China Bank of New York Mellon Banque Populaire CdE Barclays BNP Paribas Citigroup Commerzbank Credit Suisse Deutsche Bank Dexia [...]

By Angelika Papamiltiadou ATHENS (MNI) – Greece’s Finance Minister Evangelos Venizelos, taking a higher profile in domestic politics, held telephone conversations Friday with three senior European officials to brief them on the government’s decision to cancel a controversial referendum and on other political developments in the country ahead of tonight’s crucial confidence vote in Parliament. [...]