Europe

One of the larger problems in the unfolding meltdown in Greece is the fraud apparently perpetrated by past Greek governments to conceal their true levels of debt. This is having a very adverse effect on Greek credit spreads to (German)…

This post was originally published at A Fistful of Euros Well, as reported over the weekend on this blog, the EU Commission did in fact demand “more sacrifices” from the Greek people, and in the end Prime Minister Papandreou had to make a…

John Mauldin’s latest is about spotting asset bubbles and the potential government policy response. But he also has a lot to say about the latest employment situation survey and the situation in Greece with an apt comparison to the U.S. In…

Last week I showed you a chart from ProPublica in my post State unemployment insurance insolvency: 50 little Hoovers which demonstrated how states are being killed by the financial strains of unemployment insurance.  Well, this week…

Marc Chandler, Global Head of Currency Strategy at Brown Brothers Harriman has an alarming note out this morning on economic policy.  I take notice because Chandler usually writes in more nuanced and non-apocalyptic tones.  For…

The eurozone’s manufacturing sector is growing at its fastest pace in two years.  However, there are dramatic differences in how manufacturing is faring within the eurozone which point to the currency as a major source for the loss of…

It was always naïve to believe that a crisis so deep and profound was going to go away with a whimper; however, an increase of more than 50% in global equity prices can be very seductive, and nine months of virtually uninterrupted gains…

This is a post which was originally published at A Fistful of Euros. “British or German taxpayers cannot finance the failures of others,” German Economy Minister Rainer Bruederle said at the World Economic Forum in Davos, Switzerland,…

Edward Hugh here. This is a post which was originally published at A Fistful of Euros. Well, the Spanish government are due to announce their 2009 fiscal deficit number this morning, together with their adjustment plan for reducing the…

This is a post which was originally published at A Fistful of Euros. Well there certainly is a lot happening out there at the moment. And Monday’s successful bond sale which left the Greek government triumphantly proclaiming they could…