Europe

This is what you need for inspiration. You can do it, Herman van Rompuy -  Eye of the tiger!

This past weekend, German and French government officials took a hard line on aid to Greece, sending 10-year Greek bond yields to 12-year highs above 9%.  According to the Wall Street Journal,the spread in yields between 10-year Greek…

Highlights The US dollar was mostly softer vs. the majors on news that Greece requested that EU/IMF aid be activated.  EUR/USD rose on short-covering rally as a result, and came after it had earlier set a new cycle low at…

If you would like to receive our links in real-time please follow me at @edwardnh or go to our site’s News Feed (on site or rss).  Please send links via the contact form on the site. European sovereign debt crisis France and…

After the $1 trillion EU/ECB/IMF bailout it became clear to me that this theme of competitive currency devaluations is likely to gather steam. The Euro is now dropping. I see a weak Euro as a big political problem both within Germany and…

Earlier this week Edward mused about whether we were about to see movements in the Greek trenches as yields on 10 year bonds rose to a record 7.76 per cent at one point and closed up 26 basis points on the day. Today, as yields on 2 year…

The future of the Eurozone is decidedly hanging in the balance at the moment. As I said earlier in the week, the problem isn’t a simple question economics anymore: everything now is all about credibility, about who does what, and when, and…

The same day that Moody’s cut Greece’s sovereign rating to A3 from A2, Fitch warned that Japan’s credit rating was threatened by its mounting debt.  Yet, ironically, the latter may be a source of funds for the former.  Although…

The news about Greece's bailout has me thinking a lot about Creditanstalt, the Austrian bank which collapsed in 1931. This account bears remembering because we should see the 1929-1933 descent as a two-part episode, with the second part…

Highlights The US dollar has surrendered earlier gains that pushed the euro lows not seen in nearly a year, just above $1.3200, before reports spurred speculation that Greece will seek to activate the backstop facility.  The euro…