Tag Archives: European Sovereign Debt Crisis

Tough Day in Euroland

Posted on April 10, 2012 by macromon

Europe came back from its long Easter weekend and took a nasty spanking. Spain’s sovereign spread over German bunds blew out 26.3 bps and is within 40 bps of its November high, while Italy moved 27.4 bps wider.   The large … Continue reading →

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Weekly Eurozone Watch: Spreads Blow Out, Banks Tank

Posted on April 6, 2012 by macromon

(click here if charts are not observable)

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Rajoy seeks to calm investor nerves in Spain

Posted on April 2, 2012 by macromon

(click here if video is not observable)

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Real Pain in Greece

Posted on March 31, 2012 by macromon

This chart of Greece retail sales comes to us from Reuters via the Zahari blog in Athens.   It encapsulates the economic collapse that is taking place in Greece.  We seriously doubt the U.S. or most of the core of Europe … Continue reading →

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Weekly Eurozone Watch – LTRO Anesthesia Wearing Off

Posted on March 30, 2012 by macromon

(click here if charts are not observable)

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Real Pain in Spain

Posted on March 29, 2012 by macromon

Youth unemployment (<25 years) running at 50 percent!   The stuff the “clash of generations” is made of.  It’s starting to feel the world is about three sparks away. (click here if video is observable)

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

Real Pain in the Eurozone

Posted on March 28, 2012 by macromon

(click here if video is not observable)

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Spain’s People Party Takes Hit Before Austerity Budget

Posted on March 26, 2012 by macromon

From Euronews, Spain’s ruling centre-right People’s Party has been dealt a blow ahead of launching a new austerity budget on Friday. Despite being tipped to win, it has failed to secure an outright majority in the Andalucian regional election. The … Continue reading →

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EU leaders seek austerity growth balance

Posted on March 1, 2012 by macromon

(click here if video is not observable)

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Weekly Eurozone Watch

Posted on February 24, 2012 by macromon

Q:  How does the market respond to all the doubts and scepticism about the second Greece bailout?   A:  They tighten Italian and Spanish spreads and take the Euro higher, although Portugal did widen on the week. We’ve learned a very important … Continue reading →

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