I’m struggling to find a different way to say the same thing again… Ah, the hell with it. The 10-12 month cycle projection is...
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Posts Tagged ‘ Portugal ’
Three Doomsday Scenarios: What Happens If the Eurozone Breaks Up?
The time has come to confront an ugly truth: The possibility that the Eurozone will break up, or rather fall apart, is growing increasingly likely.
In fact, I'd say given recent developments in Italy the probability of a breakup is as high as 40%.
Indeed, if...
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EU Collapse Coming
European politics has become a giant Jenga game. Since June 2010 governments have fallen in the Netherlands, Slovakia, Belgium, Ireland, Finland, Portugal, Slovenia, Greece and Italy.
Why E.U. collapse is more likely than the fall of the euro
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Reality Bites in Europe
Southern Europe has a very long tradition of folks simply not paying their taxes. Evading taxes is a national sport in Italy in particular. Pretty much the same for Greece, Spain, and Portugal. So, it does not matter much what plan is agreed to....it d...
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Roche Keeps Drugs From State-funded Greek Hospitals .
Swiss drug giant Roche Holding AG has stopped delivering its drugs for cancer and other diseases to some state-funded hospitals in Greece that haven't paid their bills, and may take similar steps elsewhere, a stark example of how the European debt cris...
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Greece, then Portugal, ….next up Italy
http://www.marketwatch.com/story/political-turmoil-puts-italy-in-spotlight-
2011-07-08?link=MW_latest_news
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If Greece defaults, what happens to Ireland and Portugal…
So like I said, Greece is about to go down the toilet.
So now that we can, we have to step back, look up, and figure out what’s coming up next on the horizon, once Greece defaults.
The answer is obvious: Portugal, Ireland and Spain are coming upâ...
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Why you shouldn’t fear the market’s next "Lehman Moment"
Avoiding disasters hasn’t worked. At least, not avoiding debt disasters. No matter what tricks the authorities do – monetary, fiscal, or unconventional – the debt is still there. And since all those tricks cost money…it gets bigger and bigge...
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Greeks may restructure debt
From the "duh" files.
http://www.nytimes.com/2011/04/19/business/global/19euro.html?ref=global-home
The Greeks reject a debt restructuring out of hand. The European Central Bank fears that such a move will spread financial panic. And, meanwhile, the...
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3 down, 1 to go – Et tu, Espana?
Portugal caves. Spain next. And whatever happened to all that eastern European Euro-denominated debt?
http://www.nytimes.com/2011/04/07/business/global/07euro.html?_r=1&hp
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Portugal’s PM just resigned, over budget negotiations
Bloomberg link
Excerpts:
Portuguese Prime Minister Jose Socrates said he presented his resignation to President Anibal Cavaco Silva after parliament rejected the government’s deficit- cutting plan, raising the chance of an international bailout.
...
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Irish Times – European Crisis Not Exactly Contained
Just in case anyone was worred that the debt drama was over in Europe:
" Events of the last week have twisted economic and political feelings towards bond markets, writes DAN O'BRIEN, Economics Editor
THE BAILING out of Ireland was, among other thing...
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Putin: "Quite possible" Russia will join the Euro
http://www.telegraph.co.uk/finance/currency/8163347/Putin-Russia-will-join-
the-euro-one-day.html
Most credible statement about a Russian leader, since we were told Andropov 'had a cold'. I have a tough time taking this seriously, at least as anythin...
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Russ Winter’s Actionable- The Not Right Market
“I’m beginning to think there are not perfect storms. I’m beginning to think these are regular storms and we have a shitty boat. ” -Jon Stewart
Spain and Portugal are on tap for some major austerity steps in the wake of the proposed intervention. It could be that at least some of the PIIGS are...
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Keeping an Eye on the Real Ball
In keeping with my primary theme of following developments on the sovereign credit risk and endless backstop front, we go straight to the PIIGS (Portugal, Ireland, Italy, Greece, and Spain) front. The EU sent out another disclaimer to PIGGS member Greece, warning that no fiscal bailout will be forthcoming. Elsewhere the Dubai bagunca (mess)...
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