Category Archives: PIIGS

Speaking of the Irish….

Posted on November 15, 2012 by macromon

Not only do we love Irish bands, we  owe much our heritage to the country. We’re also proud our distant relatives (less so with Twitter, however)  are working hard to take one of the eyes out the European PIIGS.   … Continue reading →

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Police protest against austerity in Portugal

Posted on November 7, 2012 by macromon

Normally they are on the other side of the barricades. But hundreds of police officers have gathered in Lisbon to call for the Prime Minister to resign and to condemn next year’s budget, which includes the biggest tax hikes in … Continue reading →

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Portugal’s Bond Swap

Posted on October 3, 2012 by macromon

Interesting swap.  Note Portugal’s 10-year sovereign spread relative to the German bund has come in 423 bps this year.  The 10-year government bond now yields under 9 percent. (click here if video and chart are not observable)

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Europain: Young and Unemployed

Posted on September 4, 2012 by macromon

The following chart from the Washington Post of Europe’s unemployed youth really captures the human suffering of the European debt and banking crisis.   It also illustrates why labor reform needs to be a key component of the structural adjustment in … Continue reading →

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Enter the Draghi (Plan)

Posted on August 7, 2012 by macromon

The only thing new in the “Draghi Plan”, as far as we can see,  is the potential big bazooka #4  — unsterilized (?) purchases of periphery bonds by the  ECB. Still,  though, countries will have to submit to conditionality — … Continue reading →

Posted in ECB, Euro, Italian Yields, PIIGS, Sovereign Debt, Sovereign Risk, Spain | Tagged , , , , | Leave a comment

No end in sight to Spain’s financial troubles

Posted on July 30, 2012 by macromon

Hurry up, Mario! (click here if video is not observable)

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Debt-stricken Catalonia eyes Spanish bailout aid

Posted on July 26, 2012 by macromon

Sound familiar? (click here if video is not observable)

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

Spain Lobbying For Bond Purchases

Posted on July 25, 2012 by macromon

(click here if video is not observable)

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

Spain bailout pressure mounts

Posted on July 24, 2012 by macromon

(click here if video is not observable)

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Stratfor: Europe’s Contradictory Answers to its Crisis

Posted on July 20, 2012 by macromon

(click here if video is not observable)

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