sovereign debt crisis

What is becoming clearer to almost everyone is that this is now no longer simply a Euro periphery sovereign debt crisis. It has become a full blown crisis of confidence in the Euro itself.

Foreign-language news for 27 November 2011

Editor’s note: the IMF musings would be difficult politically, especially in the US. And any deal for Italy would also have to involve Spain too. However, Perhaps most important, operationally, the ECB lending to the IMF, which then lends…

News links for 28 November 2011

The rumour mill is grinding particularly fast at the moment. Germany and France seem to be working on the famous nuclear solution, Spain plays tough on outsiders, the IMF is rumoured to be preparing an aid package for Italy not to mention…

Equities, most foreign currencies and commodities have rallied. It is not as if there has been a great deal of clarity over the weekend. There have been a number of press reports that have been suggestive, but some, like the report that the…

A decision tree on what the future of the euro would look like based on different policy responses

There have been several important developments over the weekend which are likely to support the euro at the start of the week, after falling for the past four consecutive weeks and recording a 7-week low before the weekend. However, I…

“It is categorically not true,” said a spokesman from the party, which is led by Mariano Rajoy. The spokesman was commenting on a report by Reuters on Friday that the PP had discussed plans to seek a rescue package. -Spain 'will not…

Foreign news links for 27 November 2011. We have a variety of links here today with most focused on the European sovereign debt crisis. Protest and terrorism are two other topics of great interest.