Category: Eurozone Debt Crisis
The analysis published under this category are as follows.
Saturday, August 10, 2013
The Euro-Zone Crisis Will Be Back Very Shortly / Stock-Markets / Eurozone Debt Crisis
By: Graham_Summers
The financial media continues to talk about how Europe is saved.
It’s odd that somehow everything is starting to look so much better now than Angela Merkel is up for re-election in Germany. Could it be coincidence that the worst Crisis in years suddenly went away right as the women with her finger on the “bailout” button needed to convince German voters that she’s doing a great job?
Read full article... Read full article...
Friday, July 19, 2013
Greece Gathering Political and Social Storm Threatens Europe and America / News_Letter / Eurozone Debt Crisis
By: NewsLetter
The Market Oracle NewsletterMarch 15th , 2013 Issue # 7 Vol. 7
Read full article... Read full article...
Thursday, July 04, 2013
Deutsche Bank Undercapitalized?, Italy Headed For Bail-out? / Politics / Eurozone Debt Crisis
By: Ian_R_Campbell
Deutsche Bank Undercapitalized?
In a statement everyone ought to be aware of if they are not, about two weeks ago U.S. Federal Deposit Insurance Corp. Vice-Chair Thomas Hoenig was reported as saying that:
-
Germany's Deutsche Bank is "horribly undercapitalized" and has "no margin of error"; and,
-
the Basel III global capital rules (known as the Basil III Accord) allow lenders to appear well capitalized when they aren't.
Thursday, June 20, 2013
Hope Runs Out for the Eurozone / Stock-Markets / Eurozone Debt Crisis
By: DailyGainsLetter
Moe Zulfiqar writes: The economic slowdown in the eurozone continues to take a toll on the global economy. It’s causing major economies like China to suffer severely due to anemic demand. Sadly, looking ahead, there’s really no light at the end of the tunnel. Despite the bailouts and the European Central Bank (ECB) taking a tougher stance, countries at the epicenter of the crisis continue to suffer and show dismal economic data, and others are starting to follow their lead towards economic scrutiny.
Read full article... Read full article...
Friday, June 07, 2013
Why a Eurozone Break-Up Could Happen / Stock-Markets / Eurozone Debt Crisis
By: DailyGainsLetter
Moe Zulfiqar writes: The eurozone crisis has been haunting the global economy for a while.
Countries in the common currency region are deteriorating very quickly. Look at the Spanish economy, for example: in the first quarter of 2013, it contracted 0.5% after continuing its slide from the last quarter of 2012, when it declined 0.8%. The Spanish economy, the fourth-biggest in the eurozone, has been contracting for seven successive quarters. (Source: “Austerity chokes off Spanish economy,” Deutsche Welle, May 30, 2013.)
Read full article... Read full article...
Friday, May 31, 2013
Eurozone Debt Crisis Exposes What EU Leaders Fear Most / Politics / Eurozone Debt Crisis
By: Money_Morning
David Zeiler writes: European Union leaders have seemingly changed their tune lately on how best to deal with the long-running Eurozone debt crisis.
Increasingly, EU politicians have been sounding the theme that economic growth - not Eurozone austerity - is the answer, and that deadlines set for reductions in public spending needed to be loosened.
Read full article... Read full article...
Sunday, May 26, 2013
Europe Can't Beat The Bubble, Past Sins And Future Debts / Politics / Eurozone Debt Crisis
By: Andrew_McKillop
BUBBLE TROUBLE
Don't fear the bubble, says Paul Krugman and his talkalikes, but Europe is dealing with another kind of bubble. Call it Bubble Politics. An unworkable Federal Europe with a single money, that nobody wants.
Bubblists say that the flood of money being poured into the global economy by the world's central banks is good, proven by asset prices of several kinds, especially stocks and shares being pumped up far beyond fundamental valuations. When (not if) these valuations revert to sanity and unwind the bubble burst could be disastrous in all manner of unpredictable ways. So what is more logical than to keep pumping and keep the party going?
Read full article... Read full article...
Friday, May 24, 2013
Real Risk of Imminent Implosion of Eurozone / Politics / Eurozone Debt Crisis
By: Raul_I_Meijer
Last weekend, a group of influential British business people published a letter in the Independent which attempts to "make the economic case" for having the UK stay in the EU. The letter of course is a reaction to unrest within PM David Cameron's Conservatives (over half of Tory backbenchers demand a referendum on the topic), as well as the rise of Nigel Farage's UK Independence Party, which in recent polls is almost as big as the Tories (which trails Labor by a mile and a half). The letter raises a bevy of interesting questions, some of which are not nearly as easy to answer as people have come to believe.
Monday, May 20, 2013
Can France Save The Euro - Or Even Itself? / Politics / Eurozone Debt Crisis
By: Andrew_McKillop
FRANCE'S CLAIMS ARE NOT ITS GAINS
French media, whether state-owned like 5 of its major TV channels and 2 major radio networks, or simply "government friendly" and entirely predictable, mindless repeater stations for government propaganda, have for several months applied the "ukase" (a French word borrowed from Russian, meaning autocratic law) which claims that France played a decisive role creating the euro system. As an "official truth"it is debatable, but more important is why the propaganda is belted out 24/7.
Sunday, May 12, 2013
European Finances Still in taters, Ireland, Spain.... Still on the Brink / Interest-Rates / Eurozone Debt Crisis
By: Raul_I_Meijer
Ireland was one of the first European countries to get hit by the financial crisis. It decided to bail out its banks at the direct cost of the taxpayer. In 2012, those banks were still overleveraged (and still are today) to the same level as for instance Cyprus, with assets over 800% of GDP. Probably only Iceland has been worse (UK?!). According to IMF/EC, 2012 Irish national debt was 117% of GDP; not a pretty number either. This all as a lead-up to a May 5 article by Dan White in the Irish Independent that TAE's own Nicole Foss sent over recently. But first a little history, for who may be bit shaky on it, just for fun, and to explain how Ireland got to have its present population of 4.5 million people.
Sunday, May 12, 2013
European Banking Is Getting Scary / Interest-Rates / Eurozone Debt Crisis
By: GoldSilverWorlds
The past week was not only characterized by US equity markets making one all-time high after another. Much less excitement was associated with one frightening message after another related to the state and prospects of the (European) banking sector.
Thursday, May 09, 2013
ECB Ponders Buying PIIGS Toxic Debt / Interest-Rates / Eurozone Debt Crisis
By: Mike_Shedlock
In an effort to stimulate small and medium (SME) lending the ECB considers acquiring banks toxic debt of the periphery. Via mish-modified translate from Spanish Libre Mercado.
Read full article... Read full article...The European Central Bank (ECB) could "soon" start buying bad debts of Southern European countries in an attempt to end the fragmentation in the eurozone and boost funding to SMEs, as confirmed by the German ECB representative Jörg Asmussen.
Friday, May 03, 2013
Lower Bond Yields Enticing PIMCO to Sell European Debt / Interest-Rates / Eurozone Debt Crisis
By: Bloomberg
PIMCO's Bill Gross told Tom Keene and Michael McKee on "Bloomberg Surveillance" today that "lower yields and the higher prices are enticing us to gradually reduce our position" in European debt.
Gross also said that the new normal of subpar economic growth in the U.S. is intact even after employment increased more than forecast in April. Gross said, "We don't see higher real growth than 2 percent going forward...We've seen basically 3.5 percent nominal GDP growth even in the midst of an accelerating housing sector."
Read full article... Read full article...
Saturday, April 20, 2013
Euro-zone Debt Crisis Bang! Moment, Economic Austerity Consequences / Economics / Eurozone Debt Crisis
By: John_Mauldin
Two seemingly different questions and comments from readers and friends crossed my path the last few days, but I saw a definite connection between them. The first question was, Why do we pursue austerity when it seems not to work? And then many readers wrote to ask this week, What do I think about the real problems that are surfacing in the Rogoff and Reinhart assertion that debt above a ratio of 90% debt to GDP seems to slow economic growth by 1% (especially since I have quoted that data more than a few times)? We’ll deal with each question separately and then see if we can connect the dots.
The first question comes from correspondence I have had with Ms. Aga Barberini, who works in the investment world in Milan, Italy. She came there from Poland some 20 years ago. The first part of her note contains the question on austerity, but I’ll pass along more of her letter, as I think it will give us all some insight into the seeming chaos that voters are facing in choosing a path for Italy. (And I hope my editors leave some of the charming grammar in her letter. You can almost hear the musical tones of her Italian English.)
Read full article... Read full article...
Tuesday, April 16, 2013
Cyprus Too Small To Fail / Politics / Eurozone Debt Crisis
By: Steve_H_Hanke
The political elites in Brussels can once again breathe a sigh of relief. Cyprus did not implode and take the euro with it. In many ways, the latest drama in Cyprus followed a familiar pattern: the so-called troika of European leadership (the European Commission, the European Central Bank, and the International Monetary Fund) flew to a country on Europe’s periphery to rescue its failing banks, that country’s leadership balked, and then eventually caved to Brussels’s demands.
Read full article... Read full article...
Monday, April 15, 2013
Euro-zone Debt Crisis is Back / Interest-Rates / Eurozone Debt Crisis
By: Money_Morning
David Zeiler writes: The Eurozone debt crisis that was supposed to have blown over long ago instead has become more like an endless game of Whac-a-Mole, with both new and old problems popping up faster than European leaders can bop them.
As Europe's finance ministers gathered in Dublin today (Friday), they faced at least half a dozen major issues threatening the fiscal health of the Eurozone.
Read full article... Read full article...
Monday, April 08, 2013
Cypriot Chaos Assists E.U. Centralization / Politics / Eurozone Debt Crisis
By: John_Browne
Remarks by members of the European Union's elite suggesting that banking deposit seizures may become standard practice appear to have heightened the risk of a European bank run and perhaps even a catastrophic collapse of the euro. Any threat to the euro is a threat to the European public's conception of the Union's manifest destiny. As such, I believe members of the EU elite may be purposefully leveraging the crisis to push for a centralized European banking system to cement the political framework of an EU superstate.
Friday, April 05, 2013
Euro-crisis Grinds On - And On - But Not Forever / Politics / Eurozone Debt Crisis
By: Andrew_McKillop
CYPRUS - EURO - TECHNOCRAT TYRANNY
Week after week, month after month Europe's "Techno Tyrants" bulldoze forward, towards what they only know. Being elite deciders, the best brains that money can buy, their gameplan is obviously highly detailed and very well known - to them, but the Common People are not in the loop. They are only servile chaff, only good for another tax hike and idiot speech from the Me Too band of Euro-deciders pumped out round-the-clock on State owned media, and crony capitalist news outlets.
Thursday, April 04, 2013
This is What Societal Collapse Looks Like / Politics / Eurozone Debt Crisis
By: Graham_Summers
Add the total and complete hypocrisy of France to the list of reasons to avoid putting a cent in the EU.
We already know about Spain where Prime Minister Mariano Rajoy was “allegedly” receiving bribes from property developers throughout the housing bubble… while THREE different treasurers have been accused of everything from money laundering to fraud.
Read full article... Read full article...
Wednesday, April 03, 2013
The Only Way Forward For Europe Is Splittsville / Interest-Rates / Eurozone Debt Crisis
By: Raul_I_Meijer
Seeing Spanish and Italian bond yields drop over the past few days, it's impossible not to wonder what it is the markets, whoever they're comprised of, can't seem to figure out. Like that the Italian cloud will hang over Europe well into summer, Cyprus is falling to scandalous bits, French president Hollande is hanging on to his job for dear life because his friend and Budget minister Jerome Cahuzac was found to be an ordinary big swindler, and in Spain even the King Carlos' daughter Princess Christina is now a suspect in a financial scandal (PM Rajoy's antics will resurface soon).