Tag Archives: EU

Greece Debt Swap Surprises, Great Deal for the Country

The FT is reporting, The largest debt restructuring in history was heading for a successful outcome last night as Greece looked set to see a participation rate of close to 95 per cent for its €206bn bond exchange. One person … Continue reading

Posted in Black Swan Watch, Bonds | Tagged , , , | 1 Comment

Euro Fracture: “Matters are turning serious” in Italy

It you’re looking for some Euro gloom, go no further than Ambrose Evans-Pritchard’s latest, Italy, Europe, and Red Brigade terror.   He writes that Italy risks an outbreak of terrorism if the labor market reform is rushed as the EU … Continue reading

Posted in Black Swan Watch, Budget Deficit, Euro, Fiscal Policy, PIIGS, Sovereign Debt, Sovereign Risk | Tagged , , , | 1 Comment

Barroso presents bank recapitalisation plan

(click here if video is not observable)

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

Week in Review: Bonds Crack and EU to Crack Specs

Nice bounce back last week for equities x/emerging markets.  The Russell and Nasdaq were up 3 percent with the S&P500 and Dow increasing over 2 percent.  France continued its run and is now up almost 6 ½ percent for the … Continue reading

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Sovereign Debt: Not So Risk-Free

Joseph Cotterill over at FT Aphaville has a great post on how some European corporate bonds are trading through their sovereigns.   Not surprising it taking place in countries without access to a printing press to monetize deficit spending, Markit pointed … Continue reading

Posted in Black Swan Watch, Bonds, Currency, Fiscal Policy, Geopolitical, Monetary Policy, Policy | Tagged , , , | Leave a comment