Tag Archives: Cyprus

Statfor: George Friedman on Cyprus and the EU

Posted on March 29, 2013 by macromon

The good overview of the bigger picture issues with respect to Cyprus. Stratfor Founder and Chairman George Friedman discusses how the financial situation in Europe is deteriorating and the uncertain future ahead. For more analysis, visit: http://www.Stratfor.com (click here if … Continue reading →

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Weekly Eurozone Watch – Spread Blowout

Posted on March 29, 2013 by macromon

Key Data Points German 10-year Bund 9 bps lower; France 10 bps wider to the Bund; Belgium 11 bps wider; Ireland 17 bps wider; Italy 33 bps wider; Spain 29 bps wider; Portugal 44 bp wider; Greece 65 bps wider; … Continue reading →

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Nervousness in over-banked Europe slams markets

Posted on March 25, 2013 by macromon

Those who live in glass houses shouldn’t throw stones.  Mess with the banks and Europe gets nervous.  After getting all lathered up over the Cyprus deal, markets tanked when the head of the Eurogroup of euro zone finance ministers,  Jeroen … Continue reading →

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Cyprus Deal Unleashes Bidzilla

Posted on March 24, 2013 by macromon

The BIDzilla for U.S. equities is relentless.  Though Europe is far from out of the woods (see last week’s PMIs) and it’s still unclear when the banks in Cyprus will reopen tonight’s bailout removes the uncertainty of a Cyprus eurozone … Continue reading →

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Weekly Eurozone Watch – Euro(con)fusion

Posted on March 22, 2013 by macromon

Key Data Points German 10-year Bund 8 bps lower; France 3 bps wider to the Bund; Belgium 5 bps wider; Ireland 15 bps wider; Italy unchanged; Spain 2 bps wider; Portugal 14 bp wider; Greece 114 bps wider; Large Eurozone … Continue reading →

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Cyprus’ Popular (Laiki) Bank Balance Sheet

Posted on March 21, 2013 by macromon

With the bank’s assets at about 175 percent of Cyprus’ GDP and advances to customers equivalent to over 80 percent of its asset base (before reserves)  it is pretty safe to say “this isn’t your father’s bank!”  You decide. (click … Continue reading →

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Cyprus government holds bailout crisis talks

Posted on March 20, 2013 by macromon

The government of Cyprus is holding a series of crisis meetings, as it tries to avoid bankruptcy. MPs rejected a controversial bill to dip into peoples savings. Without it, the banking sector will collapse, and the country could even be … Continue reading →

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Is Cyprus Too Small To Fail?

Posted on March 19, 2013 by macromon

“Just when you think they’ve hit bottom, they keep digging.” These were the words of the U.S. ambassador to Bulgaria spoken to us during the country’s staccato political ejaculations which eventually drove the country into hyperinflation in the late 1990’s.  … Continue reading →

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Stratfor: Cypriot Bailout Reverberates Beyond the EU

Posted on March 18, 2013 by macromon

Stratfor Europe Analyst Adriano Bosoni discusses the controversial Cypriot bailout proposal and its effects beyond the European Union. For more analysis, visit: http://www.Stratfor.com (click here if video is not observable)

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WTF Were They Thinking?

Posted on March 18, 2013 by macromon

That’s our System 1 (fast) thinking  kicking in after hearing the news of the Cyprus bail-in of depositors.  Our fast thinking really fears contagion and makes us want to vendere la casa!   We often get into trouble trading with … Continue reading →

Posted in ECB, Equities, Euro, Germany, Sovereign Debt, Sovereign Risk | Tagged , , | 7 Comments