sovereign debt crisis

The ECB could step into the breach but buying a large amount of sovereign bonds from the periphery. This would support the market, push down interest rates and potentially arrest the contagion. Moreover, as a large owner of peripheral…

Which economy might then be the second most rapidly ageing economy in the world? Right, you guessed it: Germany! The question which seems to whisper in the wind is just how Germany is going to be able to shoulder all those bailouts when the…

Marshall Auerback argues that despite a 'blame-a-thon' on Ireleand, Germans banks are really at the core of the eurozone catastrophe.

This is an analysis of the remaining options in the euro zone post-Ireland bailout. This period in Europe reminds me very much of the period after the Indy Mac failure in the U.S. after which markets were in a permanent state of stress.…

The euro continues to come under pressure and is making new lows in early North American turn over despite talk of interest from an Asian central bank. The euro has slipped below its 200-day moving average (~$1.3130) for the first time…

Along with the EU and IMF we can be in no doubt: the reform programme evidently is on track. The only issue which seems to divide everyone – and especially those office-bound Fund employees from their more financially savvy…

It seems like it’s only a matter of time before Portugal succumbs to the contagion. As seen in EM crises of the past, we simply cannot ignore the fact that contagion remains a very strong force and so we see little chance that Portugal…

A lot of other cool graphics from Spiegel, including debt and deficits throughout Europe.. See sources at the bottom for more (like when periphery bonds come due, Italy included).

Part 1.  Will Europe face defaults? Its official – Spain and Portugal will need to be bailed out soon.  How do I know? In one of my favorite TV shows, Yes Minister, the all-knowing civil servant Sir Humphrey explains to cabinet…

by Win Thin Hungary is perhaps taking a more obvious approach to influencing monetary policy than Brazil, as ruling Fidesz party has reportedly submitted an amendment to the Central Bank Act that would give the cabinet sole control of…