Category Archives: Euro

Greece’s Brady Plan, Finally

Posted on July 21, 2011 by macromon

The International Institute of Finance, a consortium of the largest global banks,  just released a  term sheet for a Brady-type Plan for Greece. The menu of options include Par and Discount Bonds, with principal collateral,  and a buyback option.  The … Continue reading →

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

European Banks Rockin’………….

Posted on July 21, 2011 by macromon

Take a look at Germany’s Commerzbank and Barclays of the UK.   Both of their U.S. ADRs are up around 10 percent today.    Optimism over a Marshall Plan for Greece is helping the European banks and the Euro today.  The … Continue reading →

Posted in Black Swan Watch, Equities, Euro, Sovereign Debt, Sovereign Risk | Tagged , , | 2 Comments

Gold’s Perfect Storm? Nears All-time Closing High

Posted on July 12, 2011 by macromon

Gold is creeping higher as many believe it is the only place to hide.  Cash gold is near its all-time closing high of 1563.20 on April 29th and closing in on its May 2nd intraday high of 1575.10.   We find … Continue reading →

Posted in Commodities, Dollar, Euro, Gold, Sovereign Risk | Tagged , , , | 4 Comments

Bank Exposure to Domestic Sovereigns

Posted on July 11, 2011 by macromon

Here at the Global Macro Monitor we perceive a rapidly changing financial landscape.  The concept of risk-free is being redefined as we write and analysts are now forced to look at the systemic risk caused by a banking system’s exposure … Continue reading →

Posted in Black Swan Watch, Bonds, Budget Deficit, Charts, Euro, Fiscal Policy, Sovereign Debt, Sovereign Risk | Tagged , , , , , | 2 Comments

Sarkozy Attack Video

Posted on June 30, 2011 by macromon

(click here if video is not observable)

Posted in Euro, Politics, Video | Tagged , , | 1 Comment

Why Europe Can’t Afford a Greek Haircut

Posted on June 29, 2011 by macromon

If a picture is worth a thousand words, the following chart from the IMF encapsulates all the analysis one needs to understand why Mr. Trichet and the rest of the Eurozone bureaucracy are so adamant about not letting Greece restructure … Continue reading →

Posted in Black Swan Watch, Bonds, Budget Deficit, Charts, Euro, PIIGS, Policy, Politics, Sovereign Debt, Sovereign Risk | Tagged , , , | 4 Comments

Markets Catch Traders Offside

Posted on June 28, 2011 by macromon

Looks like traders, including yours truly, were caught catawampus in a pair of Nike shorts (ouch!),  either not long enough or short, both equities and the Euro, coming into the week, even as some of the short-term signals were turning … Continue reading →

Posted in Apple, Equities, Euro | Tagged , | 2 Comments

Chart of the Day: PIIGS Retirement Age and Vacation Days

Posted on May 22, 2011 by macromon

Lots of push back to Angela Merkel’s “lazy Southern Europe” speech.   Here are a few interesting charts refuting the German chancellor’s notions which we found posted on Der Spiegel’s website.    (click here if charts are not observable)

Posted in Euro, Sovereign Debt, Sovereign Risk | Tagged , , | Leave a comment

Merkel Hammers Greece on Retirement Age and Vacation

Posted on May 19, 2011 by macromon

The European election cycle is kicking into high gear as the German chancellor had some tough words for Greece,  Spain, and Portugal.  Spiegel ONLINE reports, “It is also important that people in countries like Greece, Spain and Portugal are not … Continue reading →

Posted in Euro, PIIGS, Politics, Sovereign Debt, Sovereign Risk | Tagged , , , | Leave a comment

The Line on the Next IMF Boss

Posted on May 18, 2011 by macromon

O Armenio, where art thou?   Always thought the IMF has an extreme distaste for hedge funds.   Our bet another WYB (Western Yurp Bureaucrat)  ‘cuz that’s what the IMF is full of. (click here if chart is not available)

Posted in Charts, Economics, Euro, Sovereign Debt, Sovereign Risk | Tagged , , , | 2 Comments