Tag Archives: European Sovereign Debt Crisis

Europe Enters Terminal Zone

Posted on May 15, 2012 by macromon

Another tough day in Europe as Greece failed to form a government and called for new elections.   We sense Europe has entered a terminal phase of the Euro as we now know it. No doubt there will numerous ECB interventions, … Continue reading →

Posted in Black Swan Watch, Euro, German Bund, Italian Yields, PIIGS | Tagged , , , , , , , | Leave a comment

“…A Breath Away From the Drachma and Disaster”

Posted on May 14, 2012 by macromon

(click here if video is not observable)

Posted in Black Swan Watch, PIIGS, Sovereign Debt, Sovereign Risk | Tagged , , , | 1 Comment

Spain partly nationalises Bankia

Posted on May 10, 2012 by macromon

(click here if video is not observable)

Posted in Black Swan Watch, Euro | Tagged , , | Leave a comment

Chart of the Day: Modified Crowding Out

Posted on May 9, 2012 by macromon

Modified “crowding out.”   The government shall be funded! (click here if chart is not observable)

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

Athens still able to borrow despite political uncertainty

Posted on May 8, 2012 by macromon

Here’s an analyst saying Greek living standards would plunge by 80 percent if they leave the Euro.   This must assume most Greeks have their savings in Greek banks or local assets, which raises the issue of capital flight as the … Continue reading →

Posted in Black Swan Watch, PIIGS, Politics | Tagged , , , | Leave a comment

Charlie Rose: IMF Roundtable on the Global Economy

Posted on April 23, 2012 by macromon

Excellent roundtable on the global economy: The Global Economy with IMF Managing Director Christine Lagarde; Anders Borg, Minister for Finance in the Swedish government; Christina Romer, former Chair of the Council of Economic Advisers in the Obama administration; Duvvuri Subbarao, … Continue reading →

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

Weekly Eurozone Watch: France Wider Ahead of Election

Posted on April 20, 2012 by macromon

(click here if charts are not observable)

Posted in Weekly Eurozone Watch | Tagged , , , , , , , , | Leave a comment

Euro Crisis: Lorenzo Bini Smaghi

Posted on April 19, 2012 by macromon

Lorenzo Bini Smagi,  former Member of the Executive Board of the European Central Bank, nails it, You call it austerity, i would call it putting your house in order. You can’t grow especially if you have a deficit which is … Continue reading →

Posted in Black Swan Watch, Budget Deficit, Eurozone Sovereign Spreads, Fiscal Policy, PIIGS, Sovereign Debt | Tagged , , , , , | 2 Comments

Spanish 10-year Closes Above 6 percent

Posted on April 16, 2012 by macromon

(click here if chart and video are not observable)

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

Depression in the European Periphery

Posted on April 11, 2012 by macromon

Nice chart and analysis from the New York Fed’s blog, The chart also shows that the current economic situation is much weaker in several euro-area periphery countries. The recession in Greece has yet to end, and real GDP is now … Continue reading →

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