Europe

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Highlights The US dollar is somewhat softer today as the market takes a pause to consider recent developments.  News that Fitch reaffirmed its AAA rating for Spain, despite S&P’s move yesterday, and heightened speculation that…

Well, I don’t know how many other people have noticed, but the Hungarian forint tanked today. This is the one I had been waiting for, and expecting. And precisely why did it tank? It tanked because Viktor Orban, Hungary’s…

I am at a conference all day and will probably do a spot on BNN late this afternoon, so blogging will be limited. But I wanted to alert you to my thinking on some of the latest developments on Greece. Apparently, Germany is now planning to…

Goldman Whitman says she regrets now-banned stock deals through Goldman Sachs - San Jose Mercury News Goldman boss Lloyd Blankfein denies moral obligation towards clients – Telegraph David Prosser: Goldman Sachs is just the…

Q: Will Greece default? Here are the possible answers for the poll (embedded below on the site)? No, they will take the necessary austerity measures plus receive enough support from the EU and IMF. Yes, but they will stay in the…

I was on two TV programs talking about Goldman today. That's actually a first.  Of course it's always nice to asked to speak about finance away from Credit Writedowns and I will provide you with the videos and some commentary later…

The following is a guest post by Polyvios Petropoulos, a former university professor of economics and management in the US. Petropoulos contends that, since the IMF charges a maximum rate of 3.5% in other interventions, one would expect…

German Chancellor Angela Merkel is feeling pressure to force German banks to take a haircut on Greek debt by both her own party and opposition leaders (like Frank-Walter Steinmeier, the former Vice Chancellor and now head of the opposition…

Highlights The US dollar has recovered from the decline seen in North America yesterday against the major European currencies.   The take away from the price action is not however one of consolidation, but rather that good dollar…