¿Y todavía nos preguntamos por qué la gente odia tanto a Wall Street?
Well played Mr. Papandreou
I would be very careful buying Italian CDS as they could redenominate their bonds in LIRE and it wouldn’t be a Credit Event.
Deberes de Matemáticas de 3º de Primaria
El problema de la zona euro es simplemente de un orden de magnitudes demasiado grande como para proporcionar una ayuda real.
European Union Document on EFSF Status (with comments)
Here is the text of the Draft Terms and Conditions prepared by European Union officials on the current status of the euro region’s bailout fund according to a Bloomberg article. After an initial read we have included our thoughts in bold into the document.
“Milagro sobre hielo”
Nos podría venir bien otro Lehman antes de que sea demasiado tarde…
Greek Write-downs – Let’s Do ONE Thing Correctly
A real default is the only good and fair way to ensure the write-downs occur and the system can move beyond Greece.
Prudence versus Reckless Abandon
The battle is forming up along the lines of those who are trying to show some restraint and prudence and are willing to deal with the consequences of that decision against those who want to do everything possible, giving the highest chance of “success” with absolutely no downside protection.
Any Greek Restructuring Should Be Designed To Trigger A Credit Event
As talk about an actual restructuring of Greek debt increases, the EU continues to think that avoiding a CDS Credit Event is a good thing.
Hi, its Tim, I’m stuck in Paris, and need you to send $500
The IMF, EFSF, EU, G-20 are all busy figuring out how to take more taxpayer money to “solve” the problem.
Banks, Credit Events, and Sovereign CDS
Is it a coincidence that Ireland, the sovereign credit, did better once it let these institutions experience a Credit Event?
The Evolution of EFSF
It seems so long ago, but it was just over a year ago the EFSF was first created….
Europa: fábulas políticas vs. realidades económicas
El último paquete de “garantías” del FEEF muestra, una vez más, lo equivocada que está Europa.
Europe – Political Fabrications instead of Economic Realities
The latest EFSF “collateral” package shows once again, just how wrong Europe has it.
CDS Implied Probability of Default – Be Careful
Unless something changes in the next 24 hours, I expect we will hear more and more talk about default, not only of Greece but of other countries and of banks.
Nunca será buen momento para que Grecia quiebre
Tenemos que admitir de una vez que esto es una gangrena. Si seguimos esperando, puede que no sea posible salvar al paciente.
