Daily Commentary: Eyes will now turn to Spain and Portugal
This is a bronze level post. These are the links with my daily commentary for 9 Mar 2012 on the Greek PSI deal and the renewed urgency this makes for Spain and Portugal.
Sign in
Sign in
Recover your password.
A password will be e-mailed to you.
Browsing Tag
default
On the Greek default and easy money from the ECB
Here is a video of my latest appearance on Capital Account with Lauren Lyster. We spoke specifically about the situation in Europe; and that means Greece in the first instance. We also talked a lot about the ECB's LTRO program which I see…
A few words on the Greek restructuring deal, prospects for Greece and euro zone break up
This is a gold level post. So we've got a deal on the Greek restructuring. Everyone is talking about it. Here are the things to pay attention to.
Dollar Broadly Stronger as ISDA Decision and NFP Looms
The Greek government said PSI went through with a 95.7% participation rate after CACs were activated. Before the CACs, however, that rate was only 85.8%. ISDA’s determinations committee will decide today at 08:00 EST whether a credit event…
Optimism About PSI Boosts Risk Appetite; Brazil Cuts 75 BPS
The dollar is weaker against most major and EM currencies with Greece still the major focus. The euro broke above 1.32 against the dollar in the European morning as it becomes evident that the Greek PSI deal will likely go through, as we…
Anxiety over PSI and the Greek bond swap
Uncertainty over the participation in the Greek bond swap is a major source of anxiety today. Rumors circulated earlier that the PSI "invitation" would be extended by a week due to low participation have been officially denied, but rumors…
Dollar Broadly Stronger as Euro Zone Concerns Deepen
The US dollar is posting modest gains against most of the major and emerging market currencies to start what is likely to be among the most important weeks here in the first quarter, with numerous central banks meeting, first tier economic…
Five Key Developments Including Vote on Greek Deal 2.0
The US dollar is broadly higher against the major and emerging market currencies to start what promises to be an important week, with several parliaments due to vote on Greek 2.0, the second and possibly final LTRO, and PMI readings. There…
For Whom The Bailout Tolls
So Greece has finally been awarded a second bailout. One may wish the country will live to tell the tale.
According to IMF DG Christine Lagarde, speaking at the post agreement press conference, “It’s not an easy (program), it’s an…
Greek Default Risks Remain
The official creditors won the battle. Greece will be given the money so that they can service their debts. They will have an EC task force embedded into Greece to push for compliance and the escrow-like account ensures a priority to debt…