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Tag Archives: Euro zone
The Bankia Signal
Another Friday, another wait for economic news out of Spain. The results of the second part of an audit of Spain’s banks – started in May and with particular reference to their funding needs – is likely to be released … Continue reading
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Tagged Bank of Spain, Bankia, EUR, euro, Euro zone, markets, risk, sovereign debt, Sovereign Debt Crisis, Spain, stocks, Tesoro, The City, The City of London, The Square Mile, trading
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ECB Bullets To Shoot Down High Hopes [Sorry]
The views below are based on my soundings, readings and common sense. Responsibility my own: ESM banking licence: crisis would need to deteriorate significantly (threaten the core) before such a politically contentious and legally complex policy change is considered. Bear … Continue reading
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Tagged Bonds, central bank, debt, dollar, Economic Forecast, Economic Policy, economics, EUR, Euro zone, Europe, European Central Bank, European Union, foreign exchange, forex, macroeconomics, sovereign debt, The City, The Square Mile, trading
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Spain: the Pain the Bailout Forgot
EU leaders hailed it. Merkel & Co. gave their blessing to it. UK leaders nodded in mild approval to it. The IMF applauded it [from the sidelines.] And markets, of course, ‘sold’ it. It’s not that frequent for the political … Continue reading
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Tagged Bonds, central bank, Economic Forecast, Economic Policy, EFSF, ESM, Euro zone, macroeconomics, markets, sovereign debt, Sovereign Debt Crisis, Spain, The Square Mile
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LTROverdose Vs LTROver*
Part I Pre-load: Critical series of posts about LTRO Facts, figures, a few fatuous opinions and a bit of fun Part I touches on LTROs we’ve had so far and their apparent effects Another indecisive session for equity markets, albeit … Continue reading
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Tagged Draghi, ECB, economics, Euro zone, Europe, European Central Bank, European Union, financial markets, financial news, Geek, LTRO, macroeconomics, markets, Spain
1 Comment
Real Greek Risk & Fake Cassandras
Meze JPMorgan still warning portentously of Greece’s ‘Ides of March’ As for the rest of us, we’re almost ‘over it’ already, though no one thinks a default will be an easy option JPMorgan has published a portentous note this morning. It’s … Continue reading
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Tagged Economic Forecast, Euro zone, European Union, Greece, politics, risk, Sovereign Debt Crisis
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Staying Sharp At The Summit
Personally, I’m making an effort to remain alert as we go into the 2 millionth Summit [slight exaggeration] to discuss the euro-zone crisis. No matter how monotonous this newsflow has become though, it can still spring surprises – including for … Continue reading
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Tagged central bank, ECB, Economic Policy, economics, EUR, Euro zone, Europe, European Central Bank, fiscal policy, politics, Sovereign Debt Crisis
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ECB Will Still=’Extremely Cautious Behemoth’ In January
At this point, the ECB seems unlikely to produce any material changes in policy with its announcements on Thursday. ======================================================== T&C reminders: please see disclaimer at head of this blog. please note the peculiarities of my discursive style: I try … Continue reading
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Tagged Economic Forecast, Economic Policy, economics, Euro zone, European Central Bank, European Union, fiscal policy, foreign exchange, interest rates, sovereign debt, Sovereign Debt Crisis
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Why Pillaging Alpha From Italy’s Yields Might Not Be So Easy
Espresso 7% rate on all debt would cost just EUR140B Italy projects it will collect c. EUR500 bln taxes in 2012 Italy’s Total Debt Scenario Relatively Tame Italian household debt is about 40% of GDP Risk/Scope for Financial Repression Some … Continue reading
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Tagged Berlusconi, Bond Yields, Bonds, central bank, debt, EUR, euro, Euro zone, Europe, European Union, Italy, Mario Monti, Monti, politics, sovereign, sovereign debt, Sovereign Debt Crisis
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Overnight Bungee Practice
If Wednesday’s market moves in Europe are just half as volatile as they were in the relatively illiquid overnight conditions, it’ll be an ‘interesting’ day. Just after London’s close, the euro spiked circa 80 pts to 1.3760/65, as did other … Continue reading
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Tagged EUR, euro, Euro zone, financial markets, financial news, forex, Greece
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One Day, CHF and EUR, Will Be €1
With the world beset by all manner of crises right now, the Swiss franc is most likely on the closest to a vertical trajectory as we’ll ever see in our time. (We hope.) And during such times, there there’s often … Continue reading
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Tagged CHF, economics, EUR, Euro zone, European Central Bank, European Union, foreign exchange, forex, risk, SMI, sovereign, sovereign credit spread, sovereign debt, Sovereign Debt Crisis, stock markets, stocks, Swiss Market Index, Switzerland
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