Europe

While Angela Merkel is off trying to sell the Greek aid package to German voters in the run-up to a crucial regional election in Germany, the markets have already voted on the 110 billion Euro EU/IMF deal: thumbs down. Win Thin of Brown…

While Macro Man opted to present a po(p)etic styling on the ongoing hardship in Greece (or was that Grease?) today came with a couple of notable developments in the story and would seem to be honourable and real efforts to calm down…

The results are in from the poll on Greek sovereign bond default. To the question of "Will Greece default?" a plurality said "Yes, but they will stay in the euro-zone after a managed restructuring." Another 26% answered…

The EU-IMF package came in at 110 billion euros (80 from the EU and 30 from the IMF). It is designed to see Greece through to 2014 for the stability and growth pact 3% deficit hurdle, not 2012 as had been anticipated by many. After news of…

Edward does a nice job to sum up the flurry of the past week which saw the ongoing problems in Greece elevated to a full fledged systemic crisis in the Eurozone economy which, if it ultimately blows, will have ramifications far beyond the…

If you would like to receive our links in real-time please follow me at @edwardnh or go to our site’s News Feed. I like the first link below. However, it does move rather quickly from a discussion about Greece, which operates in a limited…

According to a once famous statement by the British Prime Minister Harold Wilson, a week can often be a long time in politics. But when it comes to financial market crises the situation often feels more like a line from the Dinah Washington…

This is a list of all the credit ratings available on sovereign debt from all three big credit rating agencies, Fitch, Moody's and S&P.

Highlights The US dollar is surrendering its recent gains against most major and emerging market currencies today amid reports that new substantial Greek savings (24 bln euros) will be sufficient to spur a larger (100-120 bln euro) aid…

David Rosenberg is sick and tired of what I call the all bailouts all the time mentality. He writes in today's Breakfast with Dave piece: Ban the Bailout First we have governments bailing out banks (and auto companies and mortgage…