sovereign debt crisis

The news out of Spain that the government is taking drastic action to avoid debt revulsion is a clear indication that the Eurozone is entering a new phase of economic weakness. All across Europe from the UK to Greece to Spain to Germany,…

Subscribe to Our News Feed If you would like to receive our links in real-time please follow me at @edwardnh. For readers in Canada, I will be on BNN at 1200 ET (light posting until then). Euro crisis PIMCO: Greek Woes Will Keep…

I am going to describe the beginnings of the Euro from a German point of view. I apologize if this post seems unduly harsh. It is meant to give you a more caricaturised view of the breakdown in the euro-zone which dominates the German…

This is a list of all the credit ratings available on sovereign debt from all three big credit rating agencies, Fitch, Moody's and S&P.

William White, the former chief economist at the Bank of International Settlements (BIS) gave an important speech at George Soros' Inaugural Institute of New Economic Thinking (INET) conference in Cambridge.  While everyone is casting…

Things are getting heated in the Greek sovereign debt crisis – with the main battle lines being drawn between Greece and Germany. There are a lot of stories in the German press about Greek profligacy and cheating (see German-language links…

The latest piece of big news in the sovereign debt crisis comes, remarkably, from Iceland. The country collapsed into depression after its experiment as an open economy with a large banking sector went pear shaped. After a debt-fuelled…

Here is yet another post from early last year which presages all of the problems we are seeing today. As I have often written, the fake recovery is just an attempt to paper over these problems. It won't work. Where Ireland, Switzerland,…

After Iceland collapsed and went into Depression, there were a number of reports in the press regarding countries with outsized financial sectors. The worry was that the collapse of Iceland was not an isolated incident, but rather a…

Just a few moments ago I caught a very interesting post on Alice Cook's site UK Bubble. The gist of the post was that things are falling apart in Ireland very quickly. Given what we saw with Iceland, I have to ask: is Ireland next? I…