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	<title>Fund Hot News &#187; Fundraising</title>
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	<description>Global Funds &#38; Investment News</description>
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		<title>Benefit Auctioneer Qualities &#8211; Number 4 Style</title>
		<link>http://fundhotnews.com/benefit-auctioneer-qualities-number-4-style/</link>
		<comments>http://fundhotnews.com/benefit-auctioneer-qualities-number-4-style/#comments</comments>
		<pubDate>Fri, 16 Mar 2012 07:38:33 +0000</pubDate>
		<dc:creator>Morgan</dc:creator>
				<category><![CDATA[Fundraising]]></category>
		<category><![CDATA[Benefit]]></category>
		<category><![CDATA[Benefit Auctioneer Qualities]]></category>
		<category><![CDATA[charity]]></category>

		<guid isPermaLink="false">http://fundhotnews.com/?p=1266</guid>
		<description><![CDATA[There are many auctioneers out there. What makes them all different? A professional benefit auctioneer is going to have his own style, his own way of doing things that conveys his attitude. The way guests at a benefit auction perceive him is very dependant on his style. You are making him a spokesperson for your [...]]]></description>
			<content:encoded><![CDATA[<p>There are many auctioneers out there. What makes them all different? A professional benefit auctioneer is going to have his own style, his own way of doing things that conveys his attitude. The way guests at a benefit auction perceive him is very dependant on his style. You are making him a spokesperson for your nonprofit organization; make sure he represents you well.</p>
<p>The professional benefit auctioneer is an entertainer, and should look and dress the part. Even a livestock auctioneer, selling in a dusty barn full of stinky cows, should look like a professional &#8212; in boots and a cowboy hat, of course. The audience has an expectation to go with every auction specialty and benefit auctions are no exception. Benefit auctions are an event not just a sale and the guests are there for a fun night out.<span id="more-1266"></span></p>
<p>It takes personality to be a successful benefit auctioneer. He must be gracious and treat the guests like royalty, showing his gratefulness for their contributions.  He makes people laugh but takes the event seriously. Everyone present can tell that he has class and charisma. He is outgoing and makes it a goal to meet each person in the room. Because of his magnetic personality, he draws people to him. Just like in elementary school, where he may have been a class clown, he is the popular one. Most auctioneers have an effortless showmanship that just comes naturally.</p>
<p>The professional benefit auctioneer must be knowledgeable about many things, from the items donated at a charity event to the nonprofit organization&#8217;s cause. Through his experiences, he is exposed to many different areas of knowledge. &#8220;It is only an auctioneer who can equally and impartially admire all schools of art.&#8221; &#8211; Oscar Wilde. Most auctioneers love meeting people from all walks of life.</p>
<p>In my last four articles, I gave four important characteristics of a successful auctioneer:</p>
<p>* Speaker<br />
* Salesman<br />
* Skill<br />
* Style</p>
<p>When picking out the auctioneer for your benefit and charity event, consider these qualities to help you pick the best one. You will know him when you see him!</p>
<p>If you would like free help planning your benefit and charity auction or if you know someone who might benefit from our services, please contact Kevin Rutter, president of Hot Auctioneering, a professional auctioneer, speaker &amp; writer. Kevin is ready to ignite the excitement at your next auction or event! Please visit his website at <a href="http://hotauctioneering.com/" target="_blank">http://hotauctioneering.com/</a></p>
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		<title>School Fundraising Ideas</title>
		<link>http://fundhotnews.com/school-fundraising-ideas/</link>
		<comments>http://fundhotnews.com/school-fundraising-ideas/#comments</comments>
		<pubDate>Mon, 12 Mar 2012 07:37:43 +0000</pubDate>
		<dc:creator>Morgan</dc:creator>
				<category><![CDATA[Fundraising]]></category>
		<category><![CDATA[School Fundraising Ideas]]></category>

		<guid isPermaLink="false">http://fundhotnews.com/?p=1289</guid>
		<description><![CDATA[Many schools have found themselves facing budget cuts in recent years. In order to offset these cuts, many are turning to fundraising in order to raise money for after school programs and other school needs. Here are a few great fundraising ideas to help your school raise some money.
For agricultural programs, selling fruits is a [...]]]></description>
			<content:encoded><![CDATA[<div id="body">
<p>Many schools have found themselves facing budget cuts in recent years. In order to offset these cuts, many are turning to fundraising in order to raise money for after school programs and other school needs. Here are a few great fundraising ideas to help your school raise some money.</p>
<p>For agricultural programs, selling fruits is a great way to earn some money. People are more likely to spend money on things they will actually use. Fruit is perfect to sell in late fall for delivery before Christmas. This allows people to order fruit baskets or create their own to give as gifts.<span id="more-1289"></span></p>
<p>A great fundraising idea for smaller children is candles. Many people burn candles in the fall and also give them as gifts. This type of fundraiser can be done any time of year but will probably be more successful in fall and winter.</p>
<p>For summer programs, car washes are always a hit. Many local businesses will allow students to set up in their parking lots free of charge.</p>
<p>Shirts are always a popular seller. <a id="link_79" rel="nofollow" href="http://www.sonicshack.com/catalog/Sweat+Shirts" target="_blank">Custom Sweatshirts</a> can be designed to promote most any school event. They are great for football season and other sports. In order to make them more unique, the school could hold a contest allowing students to create designs and vote on a winner.</p>
<p>No matter which fundraiser you choose for your school program, the key to success is proper advertising. This is a great opportunity to teach students about the need for marketing and how a marketing campaign can either make or break an event.</p></div>
<p>John K Vincent is an expert website analyst and professional blogger</p>
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		<title>Organizing Your School PTA Fundraising Effort</title>
		<link>http://fundhotnews.com/organizing-your-school-pta-fundraising-effort/</link>
		<comments>http://fundhotnews.com/organizing-your-school-pta-fundraising-effort/#comments</comments>
		<pubDate>Fri, 09 Mar 2012 19:37:51 +0000</pubDate>
		<dc:creator>Morgan</dc:creator>
				<category><![CDATA[Fundraising]]></category>
		<category><![CDATA[PTA Fundraising]]></category>

		<guid isPermaLink="false">http://fundhotnews.com/?p=1286</guid>
		<description><![CDATA[If you are involved in the PTA at your school, you may have come across the sad reality that funding is not what it used to be for most schools. This means that being a part of the school PTA will probably involve you having to organize a PTA fundraising effort at some point. If [...]]]></description>
			<content:encoded><![CDATA[<p>If you are involved in the PTA at your school, you may have come across the sad reality that funding is not what it used to be for most schools. This means that being a part of the school PTA will probably involve you having to organize a PTA fundraising effort at some point. If you want to make sure that your school has everything it needs financially, setting up some school fundraisers can really help the school out with its goals.</p>
<p>When you start your PTA fundraising effort, you&#8217;ll want to gather everyone for a meeting to discuss the details. Figure out exactly how much money is needed, and what exactly the money will be going for. If you can figure out exactly how much effort you&#8217;ll have to make with your school fundraising, that can help make things easier.<span id="more-1286"></span></p>
<p>After that, you just need to find some PTA fundraisers that will be appropriate for your group. You will need to take into account the size of your fundraising team, and the people you intend to sell to. There are school PTA fundraising ideas from candy bars to green fundraisers, so you just need to make sure that the program you choose fits well with your customer base.</p>
<p>If you expect the students to be heavily involved, chocolate bars can work well for example. It just depends on where and to whom you plan to conduct your PTA fundraising effort.</p>
<p>Fundraisers are just a normal part of being in the PTA these days, but that doesn&#8217;t mean they can&#8217;t be rewarding, as well. Keep in mind that your PTA and the school will benefit directly from this school PTA fundraising, because knowing that there&#8217;s a point to all of this can really help keep everyone on track psychologically.</p>
<p>Howard Gottlieb</p>
<p>Easy Fundraising Ideas is the best online resource for<a href="http://www.easy-fundraising-ideas.com/programs/pta-fundraising-ideas/" target="_blank"> PTA fundraising</a> ideas</p>
<h4>Incoming search terms:</h4><ul><li>organizing pta in school</li></ul><!-- SEO SearchTerms Tagging 2 Plugin --><p>There are no posts related to Organizing Your School PTA Fundraising Effort.</p>]]></content:encoded>
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		<title>How to Choose a Good Fundraiser For Bands</title>
		<link>http://fundhotnews.com/how-to-choose-a-good-fundraiser-for-bands/</link>
		<comments>http://fundhotnews.com/how-to-choose-a-good-fundraiser-for-bands/#comments</comments>
		<pubDate>Wed, 07 Mar 2012 19:40:18 +0000</pubDate>
		<dc:creator>Morgan</dc:creator>
				<category><![CDATA[Fundraising]]></category>
		<category><![CDATA[Band fundraising]]></category>
		<category><![CDATA[Good Fundraiser]]></category>

		<guid isPermaLink="false">http://fundhotnews.com/?p=1283</guid>
		<description><![CDATA[Band is a popular extracurricular activity, but with the rising costs of participating, a lot of bands are really feeling the financial pinch. Bands fundraisers are becoming more and more of a fact of life for bands where the school simply cannot provide the funds required to keep things running.
If you are in charge of [...]]]></description>
			<content:encoded><![CDATA[<p>Band is a popular extracurricular activity, but with the rising costs of participating, a lot of bands are really feeling the financial pinch. Bands fundraisers are becoming more and more of a fact of life for bands where the school simply cannot provide the funds required to keep things running.</p>
<p>If you are in charge of organizing the band fundraiser, this is a great opportunity for you to make sure that the much-needed cash finally starts coming in, but of course you want to choose a fundraising idea that will be the most effective.<span id="more-1283"></span></p>
<p>Chocolate may seem really passÃ©, but there&#8217;s a reason this fundraiser for bands is still so popular: it works. People love chocolate, there&#8217;s no way around that, and you may as well take advantage of the situation and go with a sure-fire winner. If you can get permission for the band to do their fundraising on school grounds, say, at pep rallies and lunch periods, this sort of student-oriented fundraiser can be a real profit-maker.</p>
<p>Scratch cards can also be an effective fundraiser for bands, and scratch cards work particularly well with small groups. This high profit fundraiser can yield up to 90% profit on your investment, and the cards are so easy to carry around that the band members can do their fundraiser anywhere and everywhere the opportunity presents itself. Scratch cards also work well because they are a direct-sale fundraiser that doesn&#8217;t require much logistical organization. There&#8217;s no shipping to worry about or products to distribute later.</p>
<p>These are just samples of the sort of fundraiser for bands you could do.</p>
<p>Howard Gottlieb</p>
<p>Easy Fundraising Ideas is the best online resource for<a href="http://www.easy-fundraising-ideas.com/programs/band-fundraising/" target="_blank"> Band fundraising</a> ideas.</p>
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		<title>Benefit Auctioneer Qualities &#8211; #1 Speaker</title>
		<link>http://fundhotnews.com/benefit-auctioneer-qualities-1-speaker/</link>
		<comments>http://fundhotnews.com/benefit-auctioneer-qualities-1-speaker/#comments</comments>
		<pubDate>Mon, 05 Mar 2012 19:38:08 +0000</pubDate>
		<dc:creator>Morgan</dc:creator>
				<category><![CDATA[Fundraising]]></category>
		<category><![CDATA[auction]]></category>
		<category><![CDATA[Benefit Auctioneer Qualities]]></category>

		<guid isPermaLink="false">http://fundhotnews.com/?p=1281</guid>
		<description><![CDATA[If you are looking for an auctioneer to sell at your next benefit auction, you have probably been in attendance at a fundraising auction before. We can probably all imagine the unfortunate Cub Scout parent or soccer team mom thrown out on stage to auction off a cake at the next bake sale. They do [...]]]></description>
			<content:encoded><![CDATA[<div id="body">
<p>If you are looking for an auctioneer to sell at your next benefit auction, you have probably been in attendance at a fundraising auction before. We can probably all imagine the unfortunate Cub Scout parent or soccer team mom thrown out on stage to auction off a cake at the next bake sale. They do their best, of course, and they cannot be blamed for the result. Hopefully, you can all picture another bake sale with a professional auctioneer. What makes the difference? One of the most essential qualities is that he is a smooth speaker.</p>
<p>Whether he admits it or not, an auctioneer is a performer. He must love to speak to an audience. This characteristic is pretty rare in itself. Most statistics list the fear of public speaking as the number one fear, even over the fear of death! A confident charity auctioneer can work &#8220;on the fly&#8221;, feeling out his audience, and adjusting his techniques to fit the occasion. He takes control of the crowd and directs the proceedings with ease. Some organizations even use the auctioneer as the master of ceremonies. Why not? He is a natural at the job anyway and many charity volunteers are not. The product of a great benefit auctioneer is a happy, excited crowd and you cannot get unless he is a dynamic speaker.<span id="more-1281"></span></p>
<p>Some auctioneers regularly work in auction environments that do not have a lot of crowd interaction. Many auction audiences are professional bidders, need no explanations, and are not there to have fun. The money raised goes to a business or person selling it. The main objectives are only speed and price. The buyers or sellers may even be dealers who are interested only in the profits they can make. There is no cause or charity to speak of, it&#8217;s just business.</p>
<p>Benefit auctions are very different and require a speaking talent. The charity auctioneer becomes the ambassador for your organization. He must portray his own belief in the cause through his words and ignite the crowd&#8217;s commitment to it. It is a different kind of show. And yes, an auction is a show. What the audience and your guests enjoy is the performance. Having the right auctioneer play the role is vital!</p>
<p>Alfred Taubman, the wealthy philanthropist and owner of Sotheby&#8217;s auction house, said, &#8220;God help us if we ever take the theatre out of the auction business or anything else. It would be an awfully boring world.&#8221;</p></div>
<p>If you are interested in making your next auction more entertaining or if you know someone who might benefit from our services, please contact Kevin Rutter, president of Hot Auctioneering, a professional auctioneer, speaker &amp; writer. Kevin is ready to ignite the excitement at your next auction or event! Please visit his website at <a id="link_89" href="http://hotauctioneering.com/" target="_blank">http://hotauctioneering.com/</a></p>
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		<title>Photo Postcard Ideas For Your School&#8217;s Fundraiser</title>
		<link>http://fundhotnews.com/photo-postcard-ideas-for-your-schools-fundraiser/</link>
		<comments>http://fundhotnews.com/photo-postcard-ideas-for-your-schools-fundraiser/#comments</comments>
		<pubDate>Sat, 03 Mar 2012 19:40:34 +0000</pubDate>
		<dc:creator>Morgan</dc:creator>
				<category><![CDATA[Fundraising]]></category>
		<category><![CDATA[Postcard Print Templates.]]></category>
		<category><![CDATA[School's Fundraiser]]></category>

		<guid isPermaLink="false">http://fundhotnews.com/?p=1278</guid>
		<description><![CDATA[Generating money for a school&#8217;s fundraiser requires innovative and creative ideas in order to make it a huge success. Aside from sending solicitation letters from prospective donors, you can also try selling postcards. These prints can be printed in bulk with online postcard printing services. Online printing companies provide postcard print templates in their website [...]]]></description>
			<content:encoded><![CDATA[<p>Generating money for a school&#8217;s fundraiser requires innovative and creative ideas in order to make it a huge success. Aside from sending solicitation letters from prospective donors, you can also try selling postcards. These prints can be printed in bulk with online postcard printing services. Online printing companies provide postcard print templates in their website that are very useful in designing your prints. You can browse through their print templates if you are looking for a postcard design for your school&#8217;s fundraiser. Creating your postcards is easy with these photo postcard ideas:</p>
<p>â€¢ Sports Team: Die-hard fans will definitely buy your postcards as memorabilia. Use photos of the team while competing against their rivals, so fans can relive the excitement of the game. You can also take candid photos of the athletes while hanging out at the gym, training, or walking around the campus. Ask the athletes to sign the postcards to make them more marketable. Price the autographed postcards higher than the other ones to earn more funds for your school&#8217;s charitable deeds.<span id="more-1278"></span></p>
<p>â€¢ Clubs and Organizations: Feature different organization and club members at work. Highlight club activities and public events such as regional finals, student conventions, and cheerleading competitions.</p>
<p>â€¢ Graduation Ball: You can take photos of seniors during graduation ball and add messages on the postcard to make them more special. Sell the postcards during graduation day for seniors to have their memorable keepsake. They can even ask friends to sign their postcards and write their farewell messages for each other.</p>
<p>â€¢ Photos by Students: Approach students with excellent photography skills and ask permission to feature their photos on your postcards. Photo enthusiasts will most likely purchase postcards from you as collectibles. Remember that the higher the impact of the photos, the more marketable your postcards will be.</p>
<p>With these postcard photo ideas in mind, you will be able to collect the money you need for your fundraiser. Enhance the look of the photos by having your postcards printed by a reputable online printing company.</p>
<p>More topics on Print Templates can be found at<a href="http://www.uprinting.com/printing-design/postcards/" target="_blank"> Postcard Print Templates.</a></p>
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		<title>Christian Church Fundraiser Ideas</title>
		<link>http://fundhotnews.com/christian-church-fundraiser-ideas/</link>
		<comments>http://fundhotnews.com/christian-church-fundraiser-ideas/#comments</comments>
		<pubDate>Wed, 29 Feb 2012 07:37:44 +0000</pubDate>
		<dc:creator>Morgan</dc:creator>
				<category><![CDATA[Fundraising]]></category>
		<category><![CDATA[Christian Church Fundraiser Ideas]]></category>
		<category><![CDATA[Fundraiser]]></category>
		<category><![CDATA[Fundraiser Ideas]]></category>

		<guid isPermaLink="false">http://fundhotnews.com/?p=1272</guid>
		<description><![CDATA[Church fundraisers are surprisingly simple to plan, easy to carry out and the results are often spectacular and unexpected. If there&#8217;s one organization that can amass enough money for a worthwhile and worthy cause, it&#8217;s a church. Most people have no qualms in donating to the church, because of its religious significance, as evidenced by [...]]]></description>
			<content:encoded><![CDATA[<p>Church fundraisers are surprisingly simple to plan, easy to carry out and the results are often spectacular and unexpected. If there&#8217;s one organization that can amass enough money for a worthwhile and worthy cause, it&#8217;s a church. Most people have no qualms in donating to the church, because of its religious significance, as evidenced by the weekly giving of tithes and offerings. However, there may be extenuating and miscellaneous expenses that must be funded for the church to be presentable, or for it be run properly. This is where fundraisers come in.</p>
<p>Fundraiser Themes</p>
<p>Fundraisers are a quick and easy way to raise money for your church. Yard and garage sales, where church goers donate their novelty items,clothing, bags, shoes and sometimes even jewelry. Bake sales and soup kitchen days, while raising the revenue of the church; also attract people around the vicinity of the neighborhood to see what is happening at their local church. With a full stomach and a ready ear, a local pastor may opt to evangelize these people and invite them to regularly attend their congregation.<span id="more-1272"></span></p>
<p>Event Fundraiser</p>
<p>Event fundraisers entail more stringent planning and preparation. Most of the time, a large fraction of the congregation volunteer, band together and prepare for the event that they want to host. These people may not be able to afford a monetary donation, but their labors will more than make up for it. Stress that their contribution is just as important as the donations, probably even more and to show your appreciation, organize a simple lunch for them. The planned event may be as formal and black-tie dinner, or as loose and pleasant as a praise and worship concert and fellowship night. The effort put into this may be considerable, but the payoff, especially if the event is widely-publicized and marketed by the church staff and congregation, will be more substantial, monetarily and spiritually-speaking.</p>
<p>A Word of Advice</p>
<p>Fundraising companies are very efficient and capable in drumming up the money your church may need, but their services require a bit of investment. Steer clear from them, unless you and your church have the budget to hire them. Fundraising is a meaningful and sensible endeavor that does not just buffer the spending of your church, it also builds the emotional and relationship ties of its members. Remember, with any church fundraiser idea your church implements, you may simply break even, or even lose a little. However, the fact that you&#8217;ve tried, worked amicably and harmonized with the other members, and did it all for the glory of God is more valuable than any amount of money.</p>
<p>Diana Diaz is a contributing writer to<a href="http://www.fellowshippage.com/" target="_blank"> The Fellowship Page</a>. A Christian faith based website dedicated to sharing the Word of God, through Inspirational Daily Devotionals, Prayers, Christian Worship Music, and product reviews.</p>
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		<title>Benefit Auctioneer Qualities &#8211; Number 3 Skill</title>
		<link>http://fundhotnews.com/benefit-auctioneer-qualities-number-3-skill/</link>
		<comments>http://fundhotnews.com/benefit-auctioneer-qualities-number-3-skill/#comments</comments>
		<pubDate>Mon, 27 Feb 2012 07:38:19 +0000</pubDate>
		<dc:creator>Morgan</dc:creator>
				<category><![CDATA[Fundraising]]></category>
		<category><![CDATA[Benefit]]></category>
		<category><![CDATA[Benefit Auctioneer Qualities]]></category>
		<category><![CDATA[charity]]></category>

		<guid isPermaLink="false">http://fundhotnews.com/?p=1269</guid>
		<description><![CDATA[Listening to a benefit auctioneer without skills is like tuning your radio to the emergency broadcast system test. It is literally hard for your ears to listen to an auctioneer with poor skills for any amount of time. You just want to turn it off. On the contrary, the audience of a skillful auctioneer can [...]]]></description>
			<content:encoded><![CDATA[<p>Listening to a benefit auctioneer without skills is like tuning your radio to the emergency broadcast system test. It is literally hard for your ears to listen to an auctioneer with poor skills for any amount of time. You just want to turn it off. On the contrary, the audience of a skillful auctioneer can listen to him for hours without tiring.</p>
<p>A benefit auctioneer must be trained to have a quality chant. It is a skill that must be improved by much practice. A beautiful rhythmic chant is like music and changes the atmosphere of the event. Often times, there are feet tapping to the melodic rhythm.<span id="more-1269"></span> A professional benefit auctioneer can modify his chant depending on the situation. A slow auctioneer can never chant faster but a fast auctioneer has the ability to chant slower. He can slow down for an audience that needs to hear the prices clearly or speed up to boost the excitement. An experienced auctioneer can be chanting prices and reading the item catalog and analyzing the crowd&#8217;s body language at the same time without missing a beat. He is on autopilot, like a pianist that no longer has to look at the keys.</p>
<p>Auctioneer colleges are important. They teach auctioneers the laws associated with the auctioning profession and how to operate as an auctioneer. They can also teach someone what a good chant sounds like, but it cannot impart this skill. It only comes from hard work and lots of practice. The professional benefit auctioneer acquires his skills by attending an auctioneer school and then adding continued education with specialized classes and other sales training, but more importantly by practice and experience.</p>
<p>If you would like free help planning your benefit and charity auction or if you know someone who might benefit from our services, please contact Kevin Rutter, president of Hot Auctioneering, a professional auctioneer, speaker &amp; writer. Kevin is ready to ignite the excitement at your next auction or event! Please visit his website at <a href="http://hotauctioneering.com/" target="_blank">http://hotauctioneering.com/</a></p>
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		<title>Italy the latest threat to eurozone</title>
		<link>http://fundhotnews.com/italy-the-latest-threat-to-eurozone/</link>
		<comments>http://fundhotnews.com/italy-the-latest-threat-to-eurozone/#comments</comments>
		<pubDate>Tue, 08 Nov 2011 23:12:08 +0000</pubDate>
		<dc:creator>Morgan</dc:creator>
				<category><![CDATA[Fundraising]]></category>
		<category><![CDATA[Eurozone crisis]]></category>
		<category><![CDATA[Greece]]></category>
		<category><![CDATA[Italy]]></category>

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		<description><![CDATA[Eurozone crisis seems far from over. After Greece, Italy is now threatened as a scourge for the EU. When that happens, overcoming Italy is much more complex than the smaller Greek
The fact was recognized very well by the Prime Minister of Finland Jyrki Katainen. According to the PM, Tuesday (8 / 11), italian too big [...]]]></description>
			<content:encoded><![CDATA[<p><strong>Eurozone crisis</strong> seems far from over. After Greece, Italy is now threatened as a scourge for the EU. When that happens, overcoming Italy is much more complex than the smaller Greek</p>
<p>The fact was recognized very well by the Prime Minister of Finland Jyrki Katainen. According to the PM, Tuesday (8 / 11), italian too big to bailout and the euro zone must take decisive action and stop making empty promises.</p>
<p>&#8220;It&#8217;s hard to see how we in Europe will have the resources to cover the entire <em>national debt of Italy</em>,&#8221; said Katainen to parliament.<span id="more-2069"></span></p>
<p>Katainen said, the entire euro zone suffered because countries such as Italy which has been one to take care of their public finances and destroy the confidence that their debt will be paidback.</p>
<p>&#8220;If the reform program to be empty promises, it is difficult to restore trust,&#8221; he said to emphasize that &#8220;restoring market confidence requires a decisive commitment to reform and pro-active.&#8221;</p>
<p>Finnish prime minister noted that one of the structural weakness of the euro zone is that confidence in the euro at the beginning of the financial crisis has created a false sense of security even in the weakest economies in the bloc.</p>
<p>&#8220;Under the auspices of the euro zone, they receive too much cheap credit.&#8221;</p>
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		<title>Has the Greek Tragedy Started?</title>
		<link>http://fundhotnews.com/has-the-greek-tragedy-started/</link>
		<comments>http://fundhotnews.com/has-the-greek-tragedy-started/#comments</comments>
		<pubDate>Tue, 08 Nov 2011 07:22:27 +0000</pubDate>
		<dc:creator>Morgan</dc:creator>
				<category><![CDATA[Fundraising]]></category>
		<category><![CDATA[bankruptcy]]></category>
		<category><![CDATA[Debt]]></category>
		<category><![CDATA[fiscal austerity]]></category>
		<category><![CDATA[Greece crisis]]></category>
		<category><![CDATA[Greek Tragedy]]></category>
		<category><![CDATA[prime minister Papandreou]]></category>
		<category><![CDATA[privatization]]></category>
		<category><![CDATA[reform]]></category>

		<guid isPermaLink="false">http://fundhotnews.com/?p=2065</guid>
		<description><![CDATA[Many Eurozone leaders have hoped that they can rescue Greece&#8217;s imminent bankruptcy through more debt, fiscal austerity, privatization and reform and postpone the inevitable until 2013, when the European Stability Mechanism (ESM) should provide an orderly planned state insolvency.
UBS AG, which operates in more than 40 countries and considered as the world&#8217;s second largest manager [...]]]></description>
			<content:encoded><![CDATA[<p>Many Eurozone leaders have hoped that they can rescue Greece&#8217;s imminent bankruptcy through more debt, fiscal austerity, privatization and reform and postpone the inevitable until 2013, when the European Stability Mechanism (ESM) should provide an orderly planned state insolvency.</p>
<p>UBS AG, which operates in more than 40 countries and considered as the world&#8217;s second largest manager of private wealth assets, with over CHF 2.2 trillion in invested assets, thinks otherwise. The company believes a default will be triggered before the end of the year. &#8220;The &#8216;voluntary&#8217; debt restructuring agreed on over the summer is already likely to saddle Greece with a selective default rating,&#8221; said UBS Research Focus in October 2011, &#8220;and we would go so far as to say that the country can no longer escape a full default.&#8221;<span id="more-2065"></span></p>
<p>The prediction now seems ominous after prime minister Papandreou announced an unexpected decision to hold a poll on additional budget cuts as conditions for a second aid package. Faced with the possible disintegration of the single currency project, European leaders chose to treat Greece&#8217;s December referendum on the terms of a bailout package as an in-or-out vote on the nation&#8217;s future in the currency union. &#8220;The referendum will revolve around nothing less than the question: does Greece want to stay in the euro, yes or no?&#8221; German Chancellor Angela Merkel told reporters before a Group of 20 summit set to begin in Cannes, France.</p>
<p>On the next obvious question: will a full default in Greece cause the debt crisis to escalate out of control? UBS AG believes that the contagion will be contained eventually with substantial monetary and political cost. The European Central Bank (ECB) has both the means and the flexibility to stop contagion. The crisis may spread to Portugal but Spain and Italy have no need to default on their debt.</p>
<p>The Greece crisis is not just an EU problem, but also a potential trans-Atlantic financial crisis as banks on either side of Atlantic are interlinked. The Federal Reserve has engaged in currency swaps with the European Central Bank to support the dollar needs of EU banks. The ECB deposits euros with the Fed and receives dollars in return. ECB promises to repay in dollars but it only has direct control on euros hence there is a counterparty risk to the Fed and ultimately to American taxpayers. International Monetary Fund will be drawn in bailouts and will extract large funds from its members, which eventually make up loss from the taxpayers.</p>
<p>Source: http://www.atlanticdaily.com</p>
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