contagion

A comprehensive outline of the Irish situation and with a retrospective on the steps leading us to the brink.

Various news wires are reporting leaks of the IMF/EU/ECB review of Greece. Apparently they are concluding that the implementation of the conditions for last year's aid package have ground to a halt. They are also concluding that the Greece…

Greece and Ireland have become the litmus test for whether economies will be sacrificed in attempts to pay debts that cannot be paid. An interregnum is threatened during which the road to default and permanent austerity will carve out more…

Europe’s monetary union is simply one of the most important experiments of our time. Can the countries whose wars against each other shaped to a large extent the past millennium, if not longer, form a sustainable monetary union without…

The creditors know that the game is up. All they can do is take as much as they can, as long as they can, pay themselves bonuses that are “free” from recapture by public prosecutors, and run to their offshore banking centers.

Greece is clearly insolvent. The Europeans should put a plan in place to deal with Greece and to reduce contagion. The contagion to Italy and Belgium is happening because of uncertainty and the inability to put forward a credible solution…

US dollar is broadly weaker as market sentiment builds on yesterday’s improvement. Official and unofficial views on Greece are not in short supply, but vary across a wide range. Germany may be stepping back from restructuring talk regarding…

Yesterday, I had the pleasure of talking on CNBC along with Marc Chandler of Brown Brothers Harriman about the European sovereign debt crisis. I also wrote a piece in the New York Times about the same issue, concentrated on Greece. While…

When the pejorative acronym PIGS was first created, it was supposed to be a moniker for the southern European states (Portugal, Italy, Greece and Spain). However, Italy has done much better than housing-crisis stricken Ireland and so…

The policy response to the European debt crisis is critical and that response is function of European politics. There have been a number of developments in European politics that investors should be aware of.