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What the G20 can do to solve the eurozone crisis
The following article was brought to our attention . . You cannot remove the fragilities in Europe’s banking system without solving the sovereign debt crisis… and you cannot solve the debt crisis...
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Joseph Stiglitz: Austerity not the way to go for Europe
Most economists thought that when the euro was put together, it was an incomplete task. They’d taken out too many adjustment mechanisms and had not put anything in its place. One of the things that...
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Europe plots deep Greek writedown
A draft statement from an emergency euro zone summit on Wednesday, obtained by Reuters, outlined two options to leverage the 440 billion euro ($600 billion) fund designed to shore up heavily...
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Comments from Eurocalypse, the resident BoomBustBlog credit trading guru…
By ReggieMiddleton: Trendline broken in French bonds ,today again Italy coming in but France is still moving out… hardly surprising. Just as i said… and stocks i think will break out up, even if...
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exclusive-german-bankers-give-merkel-ultimatum-either-greece-leaves-the-euroz...
With the help of Frankfurt and Parisian sources, US contacts, and German readers of this site, The Slog has been able to put together compelling evidence of Greece being perilously close to ejection...
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According to the ESM, Ireland will have to pay 11,145,400,000
By Stephen Clarke According to the ESM, Ireland will have to pay 11,145,400,000 as it’s capital subscription. – http://en.wikipedia.org/wiki/European_Stability_Mechanism The Fiscal Treaty was put in...
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Appetiser cost of Greek exit is €155bn for Germany, France: trillions for...
Main building of the bank of Greece. (Photo credit: Wikipedia) By Ambrose Evans-Pritchard Eric Dor’s team at the IESEG School of Management in Lille has put together a table on the direct costs to...
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ESM / EFSF : building a bypass to nowhere
by Dr. Constantin Gurdgiev Estimates for banking sector needs of Spain alone are running on average around €250 billion, with some sovereign supports, this rises to €370-470 billion. This will more...
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The Problem with the Spailout
By: Money_Morning First off, last weekend’s 100 billion euro ($126 billion) Spanish bailout has staved off the inevitable for now. What most people don’t realize, though, is that it actually spells...
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What Next For The Euro-Zone?
By: Victoria_Marklew The European Union has just completed its 20th “make or break” Summit in a little over two years, and actually managed to beat expectations. Two key agreements were reached on...
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