Category Archives: PIIGS

Europain: Young and Unemployed

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)

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

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

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Debt-stricken Catalonia eyes Spanish bailout aid

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

(click here if video is not observable)

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

Spain bailout pressure mounts

(click here if video is not observable)

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Stratfor: Europe’s Contradictory Answers to its Crisis

(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

Italians ask the IMF

In this video, the IMF invited Italians to share their biggest worries about Italy’s economy. The IMF’s top economist on Italy, Kenneth Kang, takes questions about unemployment, taxes, and growth as part of the IMF’s annual economic evaluation of Italy’s … Continue reading

Posted in Black Swan Watch, Economics, Euro, Fiscal Policy, Italian Yields, PIIGS | Tagged , , , | Leave a comment

Inside the EU Summit

Fascinating piece over at Spiegel Online about what went on at the EU Summit Thursday night and Friday morning.  Not so sure this contributes to the long-term political stability of Europe and is sure to generate local political blowback in … Continue reading

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Greece Creates 70K Government Jobs While Promising Cuts

How will Greece’s official creditors react? (click here if video is not observable)

Posted in Black Swan Watch, Euro, Eurozone Sovereign Spreads, Germany, PIIGS, Politics, Sovereign Debt, Sovereign Risk | Tagged , , , | 1 Comment