Category Archives: Euro

Rivets Starting to Pop in Greece

Posted on October 20, 2011 by macromon

The FT reports, Greece should get its next €8bn in international aid, but its economic outlook is deteriorating so rapidly that a second bail-out plan agreed just three months ago is no longer adequate to keep Athens afloat, international lenders … Continue reading →

Posted in Black Swan Watch, Budget Deficit, Euro, PIIGS | Tagged , | Leave a comment

Quote of the Day: Sarkozy’s Warning

Posted on October 20, 2011 by macromon

If there isn’t a solution by Sunday, everything is going to collapse – French president Nicolas Sarkozy

Posted in Black Swan Watch, Euro, PIIGS, Sovereign Debt, Sovereign Risk | Tagged , | Leave a comment

NY Times: Greek government’s $38,000 bills for office curtains

Posted on October 17, 2011 by macromon

Today’s NY Times piece on the failure of Greece to cut its bureaucracy is a must read for anyone trying to understand one of the major forces driving global markets.   It also gives context to why Germany and other core … Continue reading →

Posted in Black Swan Watch, Euro, PIIGS, Sovereign Debt, Sovereign Risk | Tagged , , , | Leave a comment

Germany dampens euro zone crisis hopes

Posted on October 17, 2011 by macromon

(click here if video is not observable)

Posted in Black Swan Watch, Economics, Euro, Sovereign Debt, Sovereign Risk, Video | Tagged , , | Leave a comment

Belgium Waffles w/ Irish Coffee = No Free Brunch

Posted on October 17, 2011 by macromon

Over the weekend we posted a chart illustrating how French bond yields are blowing out.  Zero Hedge posted the following chart today illustrating the Belgium – German yield spread has just hit a new high.  ZH has been spot on … Continue reading →

Posted in Black Swan Watch, Bonds, Credit, Euro, PIIGS, Sovereign Debt, Sovereign Risk | Tagged , , | 1 Comment

Euro Banks Under Pressure on Greek Holdings

Posted on October 14, 2011 by macromon

(click here if chart is not observable)

Posted in Black Swan Watch, Euro, PIIGS, Sovereign Debt, Sovereign Risk | Tagged , , | Leave a comment

Europe’s Other Bank Problem

Posted on October 13, 2011 by macromon

One would think the following chart has a data error.   Not so. Europe is way over banked and the chart illustrates the monumental task and cost of recapitalizing some of their largest banks.  The size of the largest four banking … Continue reading →

Posted in Charts, Euro, Sovereign Debt, Sovereign Risk | Tagged , , | 1 Comment

Barroso presents bank recapitalisation plan

Posted on October 12, 2011 by macromon

(click here if video is not observable)

Posted in Black Swan Watch, Euro, PIIGS, Sovereign Debt, Sovereign Risk | Tagged , , , | Leave a comment

Europe’s Stressed Out Banks

Posted on October 10, 2011 by macromon

The Wall Street Journal reports Euro-zone banks’ overnight deposits at the ECB increased again last week “reflecting deepening distrust in interbank lending markets.”  The Journal writes, Overnight deposits Friday rose to €255.57 billion ($341.88 billion), surpassing Thursday’s 2011 high of … Continue reading →

Posted in Black Swan Watch, Credit, Euro, Monetary Policy, PIIGS, Sovereign Debt, Sovereign Risk | Tagged , , | 4 Comments

Merkozy: All the right words, no concrete action…

Posted on October 9, 2011 by macromon

(click here if video is not observable)

Posted in Black Swan Watch, Euro, PIIGS, Sovereign Debt, Sovereign Risk | Tagged , , | Leave a comment