France

News wires report French Prime Minister Fillon claim that he only sees good news in the euro moving to parity to the US dollar only adds fuel to the current fire.  This seems like malign neglect in contrast to the benign neglect the US…

Highlights The US dollar was mostly firmer vs. the majors.  EUR/USD made a marginal new low for the cycle at 1.2111, helped by rumors about France (see below) but then spiked higher during North American trading before closing lower…

Win Thin of Brown Brothers Harriman is out with a note, remarking on the Eurozone contagion now moving to the core.  Questions about France and a potential ratings downgrade are now circulating. Thin says: France is coming under…

Is the Euro depreciation planned or just a by-product of currency revulsion? No one knows. However, the events of the past week following the European shock and awe package are curious to say the least. Here's one curiosity. In the…

Last week I was on RTTV's CrossTalk talking about the Goldman Sachs Senate hearings with two other guests. This week, on the latest edition of CrossTalk, Peter Lavelle asks his guests who is being bailed out: Greece or the bankers. 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 (on site or rss).  Please send links via the contact form on the site. European sovereign debt crisis France and…

The deal which European leaders have now struck is the best we could have hoped for given the political constraints for everyone involved. The 16 countries in the eurozone have agreed to a contingent aid package of loans and IMF assistance…

A leading French daily is now reporting that the French are moving toward the German position on the Greek sovereign debt crisis. France may be willing to accept a role for the IMF, if it comes to this. The change in position comes a day…

Well, I for one can’t help thinking that it’s now well time we all stopped getting carried away with the use of so many acronyms. Not only may one man’s meat easily prove to be another’s poison, it may even be that for some the entire meal…

Officials have been trying to come up with some way to avoid the weekend referendum in Iceland but it looks likely those efforts have been in vain.  Polls show that nearly three-quarters of the Iceland voters will reject the deal that…