Category: Eurozone Debt Crisis
The analysis published under this category are as follows.
Monday, July 23, 2012
Spain the Latest Domino to Fall Into the Eurozone Bailouts? / Stock-Markets / Eurozone Debt Crisis
By: GoldCore
Today's AM fix was USD 1,571.50, EUR 1,298.12, and GBP 1,011.91 per ounce.
Friday’s AM fix was USD 1,583.00, EUR 1,291.30and GBP 1,007.83 per ounce.
Silver is trading at $26.98/oz, €22.36/oz and £17.94/oz. Platinum is trading at $1,396.00/oz, palladium at $564.80/oz and rhodium at $1,190/oz.
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Monday, July 23, 2012
Euro-zone Economic Crisis Black Swan or Hidden Lion? / Economics / Eurozone Debt Crisis
By: John_Mauldin
"In the economic sphere an act, a habit, an institution, a law produces not only one effect, but a series of effects. Of these effects, the first alone is immediate; it appears simultaneously with its cause; it is seen. The other effects emerge only subsequently; they are not seen; we are fortunate if we foresee them.
"There is only one difference between a bad economist and a good one: the bad economist confines himself to the visible effect; the good economist takes into account both the effect that can be seen and those effects that must be foreseen.
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Saturday, July 21, 2012
European Contagion Turns Into Domino / Interest-Rates / Eurozone Debt Crisis
By: Raul_I_Meijer
One day after the EU finally sanctioned the €100 billion bailout for Spain's banking system, for which the sovereign will remain on the hook, according to German finance minister Schäuble, who said there was no way the banks would be bailed out directly, developments were fast and furious.
Friday, July 20, 2012
The Spanish Inquisition 2012 / Economics / Eurozone Debt Crisis
By: Asha_Bangalore
Our daughter studied in Spain, and our whole family fell in love with the country when we visited. Ever since, we’ve cheered for La Furia Roja, the wonderful national soccer team. Unfortunately, Spain is dealing with a much less pleasant Furia at the moment.
As the crisis in peripheral Europe spreads from smaller countries to larger ones, the consequences grow commensurately. Spain’s economy is about five times larger than Greece’s, and its commercial and financial linkages are proportionately deeper. While Spain has many of the same structural challenges that other countries have, its plight has been deepened by a property market crash that rivals the one in the U.S.
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Thursday, July 19, 2012
Germany Leaving the Euro as Germans Are Already Using Deutschemarks Again! / Currencies / Eurozone Debt Crisis
By: Graham_Summers
Since November 2011, I’ve been saying that Germany will leave the Euro, but NOT necessarily the EU. The reason? Well, for one thing Germany laid out legislation that would allow this happen. Then of course you have the following comments from Germany’s finance minister Wolfgang Schauble:
Tuesday, July 17, 2012
Eurozone Needs Process, Not Money / Interest-Rates / Eurozone Debt Crisis
By: Axel_Merk
Crises are always going to happen, but they are less stressful when sound institutional processes are in place. The most positive takeaway of the recent Eurozone summit was the announcement of an integrated supervisory mechanism as a precondition to any bank bailout. A European guarantee of Spanish bank deposits without a corresponding handover of banking supervision would only perpetuate bad habits.
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Friday, July 13, 2012
Euro-zone Crisis, Crossing The Rhine / Stock-Markets / Eurozone Debt Crisis
By: HRA_Advisory
This month’s calendar has been chock a block with one important meeting or vote or conference after another. Any one of these could have had a large impact on the endless Euro crisis. The most impressive result (sarcasm implied) from all these meetings and votes is the overall lack of impact. For all the wild swings in both debt and equity markets things have changed little in the past month and the European muddle through continues.
Tuesday, July 10, 2012
Germany Loses to Italy, Again / Politics / Eurozone Debt Crisis
By: John_Browne
June was not a particularly good month for Germany. First, she suffered a loss to Italy in the semi-finals of the European Cup soccer tournament. Then, she suffered a more significant blow when Italy's Prime Minister, Mario Monti, extracted important concessions from German Chancellor Angela Merkel at the European Summit. A loss on the soccer pitch can put a dent in the national ego. But a loss on the field of finance can be far more serious.
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Monday, July 09, 2012
Super Mario Monti and the Dictatorship of Economic Austerity in Italy / Politics / Eurozone Debt Crisis
By: Andrew_G_Marshall
In Part 1 of this series (The Decline of the Roman Democracy and Rise of the ‘Super Mario’ Technocracy), I examined the Technocratic coup in Italy, which removed the democratically-elected Berlusconi and replaced him with an unelected technocrat, Mario Monti, an economist, Bilderberg member, former European Chairman of the Trilateral Commission, former European Commissioner for Competition, and a former adviser to Goldman Sachs International, was also on the board of the Coca-Cola Company, and founded the European think tank, Bruegel. Mario Monti was installed by the European elites with one purpose: punish the population of Italy through ‘fiscal austerity’ and ‘structural adjustment.’
Sunday, July 08, 2012
Merkel's Magic Hat Running Out of Rabbits; Most Germans Believe Further Euro-zone Bailouts Are Pointless / Politics / Eurozone Debt Crisis
By: Mike_Shedlock
A pair of articles translated from German and Spanish further highlights the pressure on German Chancellor Angela Merkel to not give into to further demands by Spain, Italy, and France.
Saturday, July 07, 2012
Germany Will Bail On the Euro Rather Than Bail the Euro Out / Politics / Eurozone Debt Crisis
By: Graham_Summers
It all boils down to Germany.
I’ve been forecasting for months that the country will increasingly focus on domestic interests and that it will ultimately opt to leave the Euro rather than prop up the EU.
The former (focusing on domestic issues) is already underway.
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Saturday, July 07, 2012
The European Union’s Latest Smoke and Mirrors Deal / Politics / Eurozone Debt Crisis
By: InvestmentContrarian
Danny Esposito writes: The market cheered news out of the European Union that a deal was made to tackle this financial crisis head-on and provide capital to the Spanish banks. Forget the numbers for the moment; what is more important to note is that the money to help the Spanish banks is supposedly going to come from the European Stability Mechanism (ESM), which requires the approval of all 17 countries of the European Union in order to be enacted.
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Thursday, July 05, 2012
Sorry Folks, Spain Isn’t “Saved” And The Next Leg Down is Coming Soon / Economics / Eurozone Debt Crisis
By: Graham_Summers
Spain has supposedly been “saved” by a €100 billion bailout.
However, the details surrounding the source of the funding for this “bailout” still remain a mystery as there is no entity capable of providing the €100 billion in capital: neither the IMF, nor the Federal Reserve, nor the ECB have the political backing to launch a bailout of this size… and of the two EU mega-bailout funds, the EFSF and the ESM, the former can’t even raise €10 billion successfully while the latter doesn’t even exist yet.
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Wednesday, July 04, 2012
What Next For The Euro-Zone? / Economics / Eurozone Debt Crisis
By: Victoria_Marklew
The European Union has just completed its 20th "make or break" Summit in a little over two years, and actually managed to beat expectations. Two key agreements were reached on June 28-29: expanding the remit of the two bailout funds - the temporary European Financial Stability Facility (EFSF) and permanent European Stability Mechanism (ESM) - to include sovereign debt purchases and eventually direct banking sector support; and creating a unified banking regulator for the Euro-zone under the auspices of the European Central Bank (ECB). These apparently-small steps are actually quite far reaching. The Summit outcome also indicates that, faced with really significant risks - in this case, unsustainable funding pressures on the Spanish and Italian sovereigns - the politicians are still willing to make some of the compromises necessary to support the Euro-zone. In our opinion, this combination of muddle-through and compromise in the face of crisis will lead to a closer fiscal union over the coming years. However, we also think that the likelihood that Greece will not be a member of the Euro-zone by end-2013 has risen to over 60%.
Wednesday, July 04, 2012
Europe Wake-Up call Whilst U.S. Politicians Continue Snoring Away / Politics / Eurozone Debt Crisis
By: Bloomberg
BlackRock CEO Larry Fink spoke with Bloomberg Television's Erik Schatzker and Trish Regan on "Market Makers" today and said that, "our politicians are guardians too, and they're not acting in ways that guardians should...Europe is a great wake-up call and they're still snoring away."
Fink went on to say, "we need more clarity, and that is my message to every politician I see...it's all about confidence. No one is investing for tomorrow."
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Wednesday, July 04, 2012
Angela Merkel Celebrates Declaration of Austerity / Politics / Eurozone Debt Crisis
By: Axel_Merk
Spain may have the best soccer team, but it lost control of its banking system. That's good news: the success of the Eurozone summit is not about money, but about process. For the first time in months, it appears there's a sensible path forward. For the budding euro rally to continue, actions must follow words; regardless, however, there will be investment opportunities, but don't count on the U.S. dollar to carry the day.
Monday, July 02, 2012
The Exact Moment Greece Will Leave the Euro / Politics / Eurozone Debt Crisis
By: Graham_Summers
…the second Greek parliamentary elections in as many months came and went. While the media is making a big deal of the fact that the anti-bailout SYRIZA party didn’t win, the facts remain that the elections haven’t really accomplished anything of significance for Greece’s fiscal condition or the likelihood of it staying within the EU.
Monday, July 02, 2012
Marc Faber Says Germany Should have Abandoned the Eurozone Last Week / Politics / Eurozone Debt Crisis
By: Bloomberg
Marc Faber, publisher of the Gloom, Boom and Doom Report, spoke with Bloomberg Television's Betty Liu this morning and said that, "If I were running Germany, I would have abandoned the eurozone last week."
Faber went on to say, "In the case of Greece, one should have kicked out Greece three years ago. It would have been much cheaper."
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Friday, June 29, 2012
Angela Merkel is Playing You For Fools / Politics / Eurozone Debt Crisis
By: Raul_I_Meijer
Oh come on, leave the girl alone already. First off, all those people talking about a solution for the eurozone need to finally understand there ain't no such thing. And whatever slim chance of a solution the most optimistic - delusional - among them may be so desperate to cling on to, at least they should recognize that Angela doesn't hold the keys to the city. She herself knows it: she's just another gal knocking at the gates, even if she's dressed as the empress.
Friday, June 29, 2012
Europe Seeking Exit from Economic Woes / Economics / Eurozone Debt Crisis
By: William_R_Thomson
Investment Round Table of Singapore Business Times
PANELLISTS:
Charles Dallara: Managing director, Institute of International Finance
Richard Koo: Chief economist, Nomura Research Institute, Tokyo
Eisuke Sakakibara: Former vice-finance minister for international affairs of Japan
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