CalculatedRisk @ December 6, 2011 # Comments Off
I’ve been wondering how weak the drachma and other currencies would be if there was a break up of the eurozone. The following is just a rough estimate … but imagine how much more expensive gasoline will be in Greece?
Note: I’ve added FT Alphavill…
CalculatedRisk @ November 29, 2011 # Comments Off
• From the Athens News: Eurogroup signs off on 8bn euro aid payment Eurozone finance ministers agreed on Tuesday to release an 8bn euro aid payment to Greece, part of an 110bn euro package of support agreed with the government last year …It looks l…
CalculatedRisk @ November 25, 2011 # Comments Off
Just a headline on Belgium … I guess S&P noticed the Belgian bond yields are moving up sharply.
Also something we discussed this morning, from Bloomberg: Italian, Spanish Yield Curves Start Looking Greek: Euro CreditSpain and Italy face paying more …
CalculatedRisk @ November 21, 2011 # Comments Off
From the Athens News: PM heads for Brussels to try to secure cashNew prime minister headed to Brussels on Sunday to fight for the aid Athens needs to avoid bankruptcy, even as one of his coalition backers refused to give a written pledge to support ref…
CalculatedRisk @ November 19, 2011 # Comments Off
On the mess in Greece, from the Athens News: Troika back in townPrime Minister Lucas Papademos … must win pledges from the rival parties that they will do what it takes to meet bailout terms or Greece’s lenders will withhold an 8bl euro aid tranche A…
CalculatedRisk @ November 14, 2011 # Comments Off
The Italian 10 year bond yield is up to 6.7%.
And keep an eye on Spain … The Spanish 10 year bond yield has increased to 6.1%. The Spanish 2 year yield is up to 5.0%
From Bloomberg: Merkel’s CDU Delegates at Party Gathering Support Allowing Exit…
CalculatedRisk @ November 14, 2011 # Comments Off
From the NY Times: France Keeps a Watchful Eye on Turmoil in ItalyWhile Italy has replaced Greece as the focus of anxiety amid Europe’s worsening debt crisis, investors are increasingly concerned about the outlook for France, whose banks are among th…
CalculatedRisk @ November 13, 2011 # Comments Off
There will be a confidence vote on Wednesday (obviously Papademos will win), and the troika inspectors (EU, the IMF and the ECB) will visit Greece early next week to obtain commitments from the new government.
But basically the beatings will continue…
CalculatedRisk @ November 11, 2011 # Comments Off
New temporary PMs for Italy and Greece, a new European economic forecast (that is too optimistic, I think Europe is already in a new recession), and S&P goofs …
From the NY Times: A Shaken Italy Is Poised to Name a New Government Italy pulled back f…
CalculatedRisk @ November 10, 2011 # Comments Off
• The Italian 10 year bond yield fell to 6.89% after hitting 7.48% yesterday.
• From Bloomberg: Italy’s Senate Speeds Austerity Vote Italy’s Senate rushed to pass debt- reduction measures that clear the way for establishing a new government th…