Eurozone Crisis
Articles on the eurozone crisis.
I think you can consider Spain shut out of the debt markets
I wouldn't trust anything now until they have a program in place with the ECB.…
The Scarlett O’Hara Approach To Solving The Eurozone Crisis
It is highly likely that the Germans’ resolve against money printing will dissolve in the face of panic.…
Spain: Are Rajoy’s Broken Campaign Promises Delegitimizing His Government?
Spanish Prime Minister Mariano Rajoy’s systematic adoption of policies that are in complete breach of the promises which took him to power only a few months ago are casting doubts on the legitimacy of his political leadership.…
Why social tension in Spain does not boil over
As national economic indicators continue to confirm an even more painful future with record-high unemployment and unabated economic stagnation, one can only ask how much longer such stability will last.…
The Latin Troika’s Coup: what is left of the joy it generated a week later
In a sense, the Latin troika secured an agreement that may be confirmed in the total breach rather than the implementation.…
The Spanish Bank Bailout – What to watch for
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.…
EU summit: more flexibility, but major issues still to be settled
Deutsche Bank on the EU's June 28th-29th summit and the plans for a European banking union.…
Another European summit, another “beggars at the feast” spectacle?
It is time to stop thinking in terms of impossible rescues and “compacts,” and demand that our European leaders adopt a more responsible conduct at their upcoming summit rather than sitting down to their customary European “beggars at the feast” spectacle.…
Fragile Things Have A Tendency To Break
Will German guilt overcome German fiscal responsibility? Will France give up control over its own budget to accept Germany’s demands?…
Spanish Bank Bailout Analysis – According to EFSF FAQ
Our thoughts on the FAQ and what it means - decently positive.…
Euro area: Quantum leap ahead?
While some sort of fiscal and banking union is necessary to complement monetary union, this is most certainly a medium-term undertaking.…
