Greece

The headline at Bloomberg reads “Ireland, Greece May Leave Euro, Standard Bank Says.”  Before I even started reading this I was sceptical.  The Telegraph’s Ambrose Evans-Pritchard makes calls like this, but his Euro-sceptic views…

This December 2009 post is a reminder of the issues at stake with Greece. It is not credible for the EU to lend psychological and political support given the debt loads now burdening the Greek government. More is needed, either financial…

Moody’s anticipates continued losses at Danske Bank, SEB, and Swedbank due to large exposure outside of the Nordic markets.  In particular, exposure in the Baltics is likely to lead to continued writedowns for Nordic banking…

Greece has been downgraded by Fitch Ratings to BBB+ over concerns about its budget deficit. Despite the cut, Fitch maintained a negative outlook on the country’s ratings, meaning it could fall further in the near future.  This action…

As we discuss sovereign debt levels, currencies and competitiveness, it bears remembering that interest rates are at the heart of many of these debates. To the degree debt service costs are the only measure used to determine how high a…

Morgan Stanley fears UK sovereign debt crisis in 2010 - Telegraph Goldman Staff Packing Pistols to Defend Against Peasants - Yves Smith FT.com | Willem Buiter's Maverecon | Πάντα ῥεῖ (Mavercon is dead.) interfluidity - Good…

This post from November 2009 is a reminder of how things looked in the sovereign debt crisis just a few months ago.

Bruce Krasting: FDIC on REO Sales: Keep'em in the Dark! Greece tests the limit of sovereign debt as it grinds towards slump - Telegraph Economist's View: "What if a Recovery Is All in Your Head?" Rhodes pushback -…

Yesterday, Moody’s cut the outlook for the sovereign debt of Portugal and put Greece on negative watch for a downgrade, signaling growing concern over spiraling debts. Just as with Spain and Ireland which I discussed yesterday, Portugal and…

Financial sector pro-cyclicality: Lessons from the crisis, Part II - vox On the back of the last article, here are some proposals on how to mitigate the pro-cyclical effects of compensation and leverage Financial sector…