Europe

By Win Thin, Senior Currency Strategist, BBH In light of recent attention on Eastern Europe, here are some thoughts on Romania. The government has been unable to sell local debt at its self-imposed cap of 7% because investors have been…

By Win Thin, Senior Currency Strategist, BBH Harvard Professor (and former IMF official) Kenneth Rogoff expects some Eastern European countries to face sovereign crises over next 2-3 years.  In a weekend interview, Rogoff predicted…

by Edward Hugh: Barcelona Karl Friedrich Hieronymus, Freiherr von Münchhausen was a German baron born in Bodenwerder in the eighteenth century. Made famous by the Hollywood director Terrence Gilliam, the baron first came to public…

In a recent FT Op-ed, entitled "Estonia’s recovery defies economists and academics", columnist John Dizard argued that "the “internal devaluation” policy, which means cuts in nominal costs such as wages and rents, was very…

As the property markets in Spain, Ireland, and Britain have dried up, a mass of Eastern European immigrants specialized in the building industry have found themselves without a stable source of income. The decline in remittances back to…

From Win Thin, Senior Currency Strategist at BBH. Bloomberg headline reads “Europe’s Budget Cuts Pose Risk to Debt Ratings, Moody’s Says.”  Really?The article goes on to quote the agency as saying budget cuts in response to the…

As the IMF say in their most recent staff report, the present economic crisis raises the question of whether potential output growth in Bulgaria in the years to come is going to be markedly lower than it was during the boom years. As the…

Highlights The US dollar is firmer across the board vs. the majors as risk aversion carries over today.  Euro is coming under pressure and making new lows vs. the dollar after peaking on August 6 and has now broken the minimal…

By Claus Vistesen. I know this is a cheap shot, but still. Team Macro Man picks up an all time favorite over at MM and asks 20 questions (check this out for other answers) to which I have offered 20 answers., Will the 10yr Treasury…

Bloomberg's David Tweed has made a run through Europe highlighting the economy in each country as he reports this August. He has just gone to the Baltic countries of Estonia, Latvia and Lithuania, the videos of which I feature below. While…