Category Archives: Sovereign Debt

French Protest for Debt Relief

Posted on October 14, 2012 by macromon

We agree the world does need an international bankruptcy court for sovereign debt.  Complicated to implement, however.   Nevertheless,  clear rules on recourse for creditors and relief for borrowers would limit the economic damage of sovereign panics. Around the world protesters … Continue reading →

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

Stratfor: Euro Fracture

Posted on October 5, 2012 by macromon

As the European Union splinters, Stratfor’s Reva Bhalla examines the limits of Continental integration being sought by European policymakers. For more analysis, visit: http://www.Stratfor.com (click here if video is not observable)

Posted in Euro, Food Prices, Germany, Sovereign Debt | Tagged , , | Leave a comment

Germany’s FinMin says court to back European bail out fund

Posted on September 3, 2012 by macromon

(click here if video is not observable)

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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

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)

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

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

Europe’s Escalating Cycle of Turmoil

Posted on July 16, 2012 by macromon

Great graphic from the IMF,  which nails the policy paralysis in the Eurozone.   Similar, but more rigorous, to the “meet and discuss” cycle  we wrote about last December, Their modus operendi seems to be: meet and discuss, wait for a … Continue reading →

Posted in ECB, Euro, Eurozone Sovereign Spreads, Sovereign Debt, Sovereign Risk | Tagged , , , | 2 Comments

Europe’s New “Iron Curtain”

Posted on July 9, 2012 by macromon

Today’s must read Reuters piece raises the spectre of a Europe “fragmenting faster than policymakers can repair it.”   Paul Taylor, the author, warns The leaders agreed that the euro zone’s permanent bailout fund, the 500 billion euro ($620 billion) … Continue reading →

Posted in Black Swan Watch, Euro, Eurozone Sovereign Spreads, Geopolitical, Germany, Sovereign Debt, Sovereign Risk | Tagged , , | Leave a comment