Category Archives: Sovereign Risk

Ciao, Mario Monti!

Posted on December 8, 2012 by macromon

This is not good.  Not totally unexpected.  Cue Italy and France in 2013.  Maybe. (click here if video is not observable)

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

Back to Wartime Debt Levels

Posted on October 15, 2012 by macromon

The IMF’s World Economic Outlook is out with some great charts and we post one of them right here. Last week the Fund’s managing director,  Christine Lagarde, issued a chilling warning on the global debt overhang, Ms Lagrde had earlier … Continue reading →

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

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

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)

Posted in Germany, Sovereign Debt, Sovereign Risk, Spain | Tagged , , | Leave a comment

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