Posts Tagged Euro CrisisFile not found. Chart: The tragedy for the Eurozone
As Eurozone unemployment hits euro era record, it is the people in the peripheral like Spain that suffer most.The consequence of fiscal austerity in parts of a monetary union
The consequence of fiscal austerity in one part of a monetary union means economic contraction in the whole of monetary union.Eurozone economy: the slow-motion train wreck
The austerity of the PIIGS has led to a slow-motion train wreck in the whole the Eurozone, as all of them are slipping or has slipped into recession.Euro crisis is not over. Just how surprised should you be?
The Euro crisis has not ended because the fatal structural problems of the monetary union have not, and probably will not, be resolved.Diversification of foreign reserve: the stock-flow consistent model
A three-country stock-flow consistent simulation suggests that if China diversifies its FX reserve into Euro, it’s going to be bad for Europe.Greek Tragedy: assisted suicide of Greece, by Germany?
Wolfgang Münchau points out that the proposed solution for the Greek debt crisis has gone to a point that’s is not compatible with democracy.European Debt Crisis: Spain’s Ugly Bond Auction
Spain has just sold €3.56 billion 10-year bonds at an average yield of 6.975%, while French-German spread hits 200 basis points.Willem Buiter: Time is running out for Europe
Willem Buiter, chief economist of Citi, thinks time is running out for Europe. If Spain or Italy default, that could be a financial catastrophe.European debt and banking crisis, and the existential crisis of Euro
The sovereign debt crisis will hurt banks as banks are exposed to sovereign, and the crisis reveals flaws of a monetary union without political union.Euro Crisis: Where Is The ECB? EFSF Buying Its Own Bond?
Bundesbank’s president reiterates that ECB cannot be the lender of last resort for governments, while EFSF is rumoured to be buying its own bond.Europe Is Edging Towards Recession, Debt Crisis More Unsolvable
European Commission has cut Europe economic growth forecast for 2012 from 1.8% to a mere 0.5%. That’s going to make the debt crisis more tricky.There Is No Happy Ending For Eurozone
There is no easy solution to the Eurozone problem, and even imagination can’t produce any happy ending.Why China’s Sovereign Wealth Fund Is Not Interested In EFSF
CIC is not showing interest in bailing out Eurozone as they don’t think they can get fair return because (peripheral) Europeans are lazy.Greece Is So Yesterday, It’s Now About Italy As Bond Yields Surge
Italy’s 10-year bond yield is rising ever close to the 7% mark which is widely viewed as sustainable.Greek Prime Minister George Papandreou Resigns
Greek Prime Minister George Papandreou is stepping down. Lucas Papademos, former ECB VP, could be the new PM.European Debt Crisis: This Is How You Should Think About It
This is why the European “solution” has not been working, and will not work to really solve the debt crisis, once and for all.After Mania Comes Depression: Italian Yields Blow Out
Italy’s government bond yields are higher, and the Italian-German yield spread is reaching new Euro-era record high.Bailout From China Should Be The Last Thing Europe Wants
By asking China for help, Europe will actually hurt themselves.EURO INSANITY: EFSF Considers Issuing CNY-Denominated Bonds
In order to lure China in bailing out Europe, the EFSF chief wants to issue bonds denominated in Chinese Yuan.Problem Solved? EU Agreed On Greek Debt Haircut And EFSF Leveraging
After the summit, EU leaders agreed on 50% haircut of Greek debt and the bond insurance and leverage of the EFSF. Problem solved for now, so it seems.