January 10, 2012
Hedge Funds the Winners if Greek Bailout Arrives
By LANDON THOMAS Jr.
LONDON — Could Greece’s next rescue payout go straight into the pockets of London hedge funds?
That, more or less, is the bet that a growing number of inves…
Thursday, December 08, 2011
Europe Friday: Over promise, Under Deliver Again?
by CalculatedRisk on 12/08/2011 11:51:00 PM
The ECB disappointed today, and the EU will probably under deliver again tomorrow.
The following is no surprise – no one expe…
November 30, 2011
Money Flows, but What Euro Zone Lacks Is Glue
By STEVEN ERLANGER
PARIS — As European Union leaders prepare for yet another crisis summit meeting next week to discuss fundamental changes in economic governing, there are growing conc…
“On paper, it all sounded great. The reality is that the EFSF wasn’t meant to be an active institution; it was supposed to be a fire extinguisher behind glass: never to be used. “The EFSF has been designed to bolster investor confidence and thus co…
There is a Greek drama unfolding in Cannes, France, today, as members of the G20 — led by the Franco-German alliance they call Merkozy — wrap up another tense week in this latest battle to save the euro zone.
The European Union is an economic…
Merkel: No Decisions Today, Announcement expected Wednesday
by CalculatedRisk on 10/23/2011 02:10:00 PM
From MarketWatch: Final agreement on package of measures expected Wednesday
“Today, we will not undertake any decisions, but will undertake p…
Bloomberg link
Excerpt:
Chinese officials told European Union business executives that the yuan will achieve “full convertibility” by 2015, EU Chamber of Commerce in China President Davide Cucino said.
“We were told by those officials by 2015,…
(When will Germany finally pull the plug? This weekend?)
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Greek Recession Deepens, Complicating Its Deficit Reduction
Posted Friday, September 2nd, 2011 at 9:50 am
Greece says its recessionary economy…
Aug. 18 (Bloomberg) — As we lurch from one high-stakes political drama to another, it is natural to wonder why societies aren’t better at avoiding self-inflicted crises. Here in the U.S. earlier this month, the government barely dodged default, e…
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…
