Tag Archives: Europe

ECB Floats Yield Target Idea; U-Boats Launched

Late this morning the markets seem to have sobered up a bit following earlier barely fettered optimism about a Der Spiegel article over the weekend. It said: “The European Central Bank is considering setting limits on yields of euro area sovereign … Continue reading

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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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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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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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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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Forget ‘Europhoria’, Look at EUR/GBP

Forget for a moment the possibility that today’s ‘Europhoria’ doesn’t really make a great deal of sense, when looked at in the round. Something quite detailed about the EUR/GBP cross was mentioned which seems to have some fundamental and technical … Continue reading

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#Euro Flash-Panic Morning Redux

Euro tumbled out of Asia into domestic markets amid feverish talk that Greece was verging on a snap election after the opposition there voted against latest austerity plans. Stabilization came around 1.40132 with reports of demand near 1.4025 – sovereign … Continue reading

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Euro survives Greece’s small incendiary, but issue smolders on

The euro is reflecting the small, well-timed, incendiary device Greek officials lobbed into proceedings towards the close of play on Friday. As we know, it started late Friday with Der Spiegel’s report that Greece was threatening to leave the euro … Continue reading

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