Europe

from BBH colleague Win Thin We’re not sure why there is even any debate in the market about private sector burden sharing with regards to peripheral debt. Of course there will be haircuts involved. Looking at the current euro zone problems…

UPDATE: 12 Nov 2010 - More press accounts are confirming that, indeed, a bailout is in the offing. The British have signed up for it as well despite insisting that this is a euro zone problem. But they needed to get on side to show…

Ireland was the first country to offer a blanket guarantee to it’s banks’ depositors. I welcomed this move as a necessary step to restore confidence. However, there are two problems associated with it. As Willem Buiter has…

Irish woes appear to be the main culprit dragging the euro down to its lowest level since Oct 20.  A break of the $1.3650-80 area could signal another two cent decline in the coming days. The flight into German bunds for safety is…

Below are two good videos outlining the Irish situation. For relevant background info see CW posts below (the last one is most hopeful): Ireland: Next stop – IMF, October 2009 How Does Irish Banking Play Out? Chart of the day:…

Here's a re-post of mine from New Deal 2.0 on the Germans and their political rhetoric on QE. Okay, I did a few years of German language study, so I know that the real word for hypocrite is “Heuchler”. But when I read the latest guff from…

by Win Thin Greece has the worst performing bonds in the euro zone, with 10-year spreads to Germany blowing out 80 bp this week and 136 bp this month.  It retakes the worst-performing mantle from Ireland, whose 10-year spreads are up…

Highlights The dollar weakness after the FOMC gave way to a pretty steady and small trading range through the Asian session.  But the dollar experienced a sharp selloff in the European session as investors further increased their…

Despite austerity in Ireland, things have gone decidedly pear-shaped for the Irish government as its bank bailout-ridden deficit has ballooned to a magnificent 32% of GDP and debt spreads to German bunds are at record levels.…

The Norwegian Krone looks interesting with oil prices high and the Norwegian domestic economy doing well. Andy Lees of UBS writes: Whilst I like the Norwegian currency, benefitting from its oil and gas, its oil fund and the fact that…