Tag Archives: European Sovereign Debt Crisis

Wither Commerzbank

Posted on December 12, 2011 by macromon

As the markets digest the Reuters report Commerzbank is seeking more state aid here’s  an interesting graphic from Der Spiegel.   Where’s that hidden bazooka? (click here if chart is not observable)

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

Interview: Italian Prime Minister Mario Monti

Posted on December 11, 2011 by macromon

(click here if video is not observable)

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

The Genesis of the Euro

Posted on December 8, 2011 by macromon

(click here if video is not observable)

Posted in Black Swan Watch, Euro, PIIGS, Sovereign Debt, Sovereign Risk | Tagged , | 2 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 →

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

EU Leaders on the Hot Seat

Posted on December 7, 2011 by macromon

(click here if video is not observable)

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

The European Troika to Watch

Posted on December 6, 2011 by macromon

The “troika” – Italian, Spanish, and French bond yields –  is acting pretty well even after the S&P downgrade.  Italy is under 6 percent and that is what matters.   We sense there will be tremendous pressure on the shorts and … Continue reading →

Posted in Euro, PIIGS, Sovereign Debt, Sovereign Risk | Tagged , , , | 2 Comments

Italy’s Unions Not Buying the Full Monti

Posted on December 4, 2011 by macromon

While the FT reports Italy’s new technocratic government has approved tough austerity measures and economic reforms, the country’s unions seem to be balking at the tough medicine.  Italy needs lots of deflation relative to other countries to become competitive and … Continue reading →

Posted in Black Swan Watch, Euro, PIIGS, Politics | Tagged , , | 1 Comment

The Four Horsemen of the Europocalypse

Posted on December 2, 2011 by macromon

Great ‘toon from the  Economist which we hope motivates the Eurocrats to get something done.   The U.S., U.K, and Japan should not be so smug and take warning as the Four Horsemen of the debt apocalypse will be coming their … Continue reading →

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

Patriotic Italians urged to buy bonds

Posted on November 28, 2011 by macromon

(click here if video is not observable)

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

Euro Fracture: It’s the Politics, Stupid!

Posted on November 27, 2011 by macromon

Politics has been and will be the constraint on the latest iteration of Bailout Europe 4.0.  We at the Global Macro Monitor really want to see Europe make it, for markets to rally, and for all to make money. But … Continue reading →

Posted in Black Swan Watch, Euro, PIIGS, Sovereign Debt, Sovereign Risk | Tagged , , | 3 Comments