Tag Archives: EU Summit

France urges softer approach to austerity

Posted on March 14, 2013 by macromon

Germany is facing stiff resistance from France to ease back on austerity as Europe’s leaders gather in Brussels for another EU summit. French President François Hollande has called for the emphasis to shift to boosting growth in indebted eurozone economies. … Continue reading →

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Inside the EU Summit

Posted on June 30, 2012 by macromon

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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Weekly Eurozone Watch

Posted on June 29, 2012 by macromon

Key Data Points German 10-year bund 2 bps higher; France 8 bps wider; Spain 5 bps tighter; Portugal 67 wider; Ireland 66 tighter; Greece 131 bps tighter; Spanish and Italian bank stocks 3-10 percent higher; Euro FX up 0.66 percent; … Continue reading →

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Euros Save the Day, But NIKE Takes Nasty Headbutt

Posted on June 29, 2012 by macromon

Was it really that much of a surprise to move the Dow 400 points off yesterday’s low?   Nope. Though we remain concerned about a “terminal” Euro, here’s our commentary from Weekly Eurozone Watch last week, Post Greek election and rumors … Continue reading →

Posted in Black Swan Watch, Equities, Euro, Germany, Sovereign Debt, Sovereign Risk | Tagged , , , , , , | 1 Comment

EU leaders gather to solve debilitating debt crisis

Posted on June 28, 2012 by macromon

(click here if video is not observable)

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

Germany, France, Italy and Spain meet ahead of summit

Posted on June 26, 2012 by macromon

(click here if video is not observable)

Posted in Black Swan Watch, Euro, Eurozone Sovereign Spreads, Germany, Sovereign Debt, Sovereign Risk | Tagged , , , , | 5 Comments

RT CrossTalk: Euro-Lehmans

Posted on June 22, 2012 by macromon

19 emergency meetings since the beginning of the crisis… What’s next for the eurozone? Will there be enough money to bail out Italy and Spain? How will the recent Greek elections echo in Brussels? CrossTalking with Augusto Lopez-Claros, Tom Conroy … Continue reading →

Posted in Black Swan Watch, Economics, Euro, Germany, PIIGS, Politics, Video | Tagged , , , | Leave a comment

Squirrelly Summer Market

Posted on June 20, 2012 by macromon

Squirrelly trading after the FOMC announcement.   Looks like real money is on vacation and traders just flipping with each other.   No big sellers and shorts forced to cover Headlines out of Europe show a little more flexibility from Germany … Continue reading →

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The EU’s Camouflaged Bazooka?

Posted on December 9, 2011 by macromon

Many were disappointed that the EU Summit didn’t conclude with a hard number backstop for the ‘zone’s sovereign debt rolling over next year.   We believe if you scratch the surface the bazooka is there. The EU President, Herman Van Rompuy, … Continue reading →

Posted in Black Swan Watch, Euro, Sovereign Debt, Sovereign Risk | Tagged , , , | 8 Comments

Say It Ain’t So, Mario!

Posted on December 8, 2011 by macromon

Very unfortunate timing of today’s ECB meeting as Mario Draghi poured cold water on providing a backstop for the distressed Eurozone countries.  It’s kind of like holding a press conference before playing a hand in a high stakes poker game.  … Continue reading →

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