I wouldn’t trust anything now until they have a program in place with the ECB.
It’s time For Europe to stop screwing around.
The best hope for stabilizing the banking system is an equity capital infusion that is essentially converting German and French borrowing power into equity investments, followed up by more cheap lending to the banks by the ECB.
Our thoughts on the FAQ and what it means – decently positive.
The temptation to fade this Spain deal is high (and higher after Rajoy claimed victory and jetted off to the football match).
The more they look at the situation, the more I am convinced they will see not only how potentially awful the situation becomes, but that the cost to avoiding it right now are relatively small, and with proper preparation a Grexit can be managed down the road.
Debt restructuring is the only way to get the debt under control and allow the policies of spending and austerity to work over time.
Maybe it is also time to step back and think about what capital is supposed to do, and with that as a guideline, think of rules that make sense.
Germany will have to change their tone or risk being the ones seen responsible for breaking up the Eurozone and causing strife across Europe.
¿Qué fecha utilizarán los historiadores para señalar el fin del euro?
Just like Rome wasn’t built in a day, the Eurozone won’t be destroyed in a day, but it is on a path that leads to eventual dismantling.
Europe is about to begin its «Audacity of Hope» moment.