Tag Archives: European Sovereign Debt Crisis

How Germany Sees the ECB’s “Bid of Last Resort”…

Posted on November 9, 2011 by macromon

Interesting graphic from Der Spiegel. Note the title, “An Endless Bond Buy?,” which speaks volumes on the German position of ECB monetization. Is a new Europe about to erupt onto the scene? (click here if chart is not observable)

Posted in Black Swan Watch, Geopolitical, PIIGS, Sovereign Debt, Sovereign Risk | Tagged ECB, European Sovereign Debt Crisis, Germany | Leave a comment

The ECB Show

Posted on November 9, 2011 by macromon

It all comes down to this. Will the ECB provide the exit bid for those fleeing Italian bonds and, more importantly, will their action instill enough confidence to allow Italy to roll over existing maturities? If it doesn’t bring back … Continue reading →

Posted in Black Swan Watch, Budget Deficit, Euro, PIIGS, Politics, Sovereign Debt, Sovereign Risk | Tagged ECB, European Sovereign Debt Crisis, Italy | 1 Comment

Stiglitz: Lessons from Iceland’s Economic Crisis

Posted on November 3, 2011 by macromon

Interesting take from Nobel prize economist, Joe Stiglitz, on Iceland’s response to its debt crisis, which is becoming a model for some in European periphery. Austerity is so passé! (click here if video is not observable)

Posted in Black Swan Watch, Economics, Euro, PIIGS, Policy, Sovereign Debt, Sovereign Risk | Tagged European Sovereign Debt Crisis, Iceland, Stiglitz | Leave a comment

Euros Playing w/ Fire

Posted on October 25, 2011 by macromon

(click here if video is not observable)

Posted in Black Swan Watch, PIIGS, Sovereign Debt, Sovereign Risk | Tagged EU Summit, Euro, European Sovereign Debt Crisis, Greece | Leave a comment

Losses expected for holders of Greek debt

Posted on October 22, 2011 by macromon

Do they mean banks need to write down or reserve against their Greek bonds by 60 percent or is it that bondholders will reduce their claims on Greece by 60 percent? We are not confident that the EU policymakers … Continue reading →

Posted in Euro, PIIGS, Sovereign Debt, Sovereign Risk | Tagged European Sovereign Debt Crisis, Greece bonds, Greek haircut | Leave a comment

Belgium Waffles w/ Irish Coffee = No Free Brunch

Posted on October 17, 2011 by macromon

Over the weekend we posted a chart illustrating how French bond yields are blowing out. Zero Hedge posted the following chart today illustrating the Belgium – German yield spread has just hit a new high. ZH has been spot on … Continue reading →