Posts Tagged EuropeFile not found. So Luftwaffe can solve the Eurozone crisis?
Wolfgang Münchau suggested that the idea of securitising Target 2 claims is just as extreme as sending in the Luftwaffe to solve the Eurozone crisis.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 Central Bank keeps interest rate unchanged at 1.0%
The European Central Bank keeps main interest rate unchanged at 1.0%.Willem Buiter: Greek eurozone exit probability rises to 50%
Willem Buiter of Citi raises the probability of a Greek eurozone exit from 25-30% to 50% for the next 18 months.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.Bundesbank’s Jens Weidmann On The Role Of The ECB
The FT makes a brilliant point that the German Bundesbank will “stick by principles until the whole house burns down”.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.Why You Should Be Worried About Italy
LCH.Clearnet raises initial margin on Italy’s debt, and why you should be concerened about Italy as their bond yields surge.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.Greece’s Referendum To Go Ahead, And The Government Is About To Collapse
George Papandreou decides to go ahead with the referendum anyway while his government is probably about to collapse.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.Greece To Hold Referendum On EU Rescue Package
Greek government will have a vote of confidence on Friday, and will hold a referendum on the EU bailout plan.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.