News Headline Summary

European news of note from this weekend...

- ECB's Asmusen said Greece needs packages of measures and not a debt write-down, and debt write-down is not part of the next package aimed at bridging the Greek financing gap. (Bild) Eurozone finance ministers are due to meet today to discuss Greece, and many officials including the German chancellor have said they hope for decisions at the meeting. (RANsquawk) Ministers will reach a final agreement on Greek debt by this evening according to Germany's ruling Christian Democrats' budget spokesman. (To Vima)

- Eurozone finance ministers are considering a possible haircut for Greece in 2015 according to unnamed sources. (Welt am Sonntag) The ECB and the IMF now consider a haircut as unavoidable according to Der Spiegel. (Spiegel)

- Pro independence parties in Catalonia won a regional vote, Catalan President Artur Mas won 50 of the 135 seats in the regional assemble for his Convergencia i Unio party, down from 62. The separatists Catal Republican Left more than doubles its seats to 21 from 10. Two smaller parties that also back Plebiscite secures 16 seats. Mas's failure to secure a majority for his party may leave him dependent on separatist parties to govern Spain's largest regional economy. (Newswires)

25 Nov 2012 - 22:03 - Fixed Income - Source: Newswires/Spiegel/To Vima/Bild

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