sovereign debt crisis

Good video of just under 15 minutes on the critical issues on Ireland.

Here's what people are saying about the Irish situation Cantillon - A step closer to full State control - The Irish Times Ireland crisis could cause EU collapse, warns president | Business | guardian.co.uk Finland: Don't Push…

From some reports, you get the impression that Finland is saying "no aid for Ireland." However, from a Reuters story it seems more that the Finns' official position is more that the Irish should not be pushed into a bailout by the…

News reports indicate that Austria is refusing to release its 190 mln euro share of the EU bailout for Greece because it has not met its budget commitments.  The Fin Min Proell says that after reviewing the latest data, there is…

We can see it’s still all about the banks in Ireland. This deposit debt guarantee issue is still the critical one. The Irish Independent is talking about total nationalisation of AIB because of the ‘bank run’ hitting Ireland.  And…

Unless the ECB takes fast and dramatic action, it risks destroying the currency it is paid to manage, and allowing a political catastrophe to unfold in Europe. If mishandled, Ireland could all too easily become a sovereign version of…

from BBH colleague Win Thin We’re not sure why there is even any debate in the market about private sector burden sharing with regards to peripheral debt. Of course there will be haircuts involved. Looking at the current euro zone problems…

UPDATE: 12 Nov 2010 - More press accounts are confirming that, indeed, a bailout is in the offing. The British have signed up for it as well despite insisting that this is a euro zone problem. But they needed to get on side to show…

Ireland was the first country to offer a blanket guarantee to it’s banks’ depositors. I welcomed this move as a necessary step to restore confidence. However, there are two problems associated with it. As Willem Buiter has…

Irish woes appear to be the main culprit dragging the euro down to its lowest level since Oct 20.  A break of the $1.3650-80 area could signal another two cent decline in the coming days. The flight into German bunds for safety is…