We are seeing further evidence of the Eurozone-wide recession that is more entrenched than numerous economists have been projecting. The slowdown in Germany (discussed here) demonstrates that the core states are not immune. Today’s MarkIt flash PMI num…
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A Bloomberg article this morning discussed the increasing balance sheets of Eurozone banks. It basically made is sound as though the ECB had been encouraging banks to take on more risk via the LTRO program. Bloomberg: – European banks pledged last y…
By James Kwak So, as everyone knows, the ECB came out yesterday with its latest plan to stem the creeping European sovereign debt crisis. This one involves potentially unlimited ECB purchases of sovereign debt, so long as its maturity is … Continue reading →
My country is hurtling toward an election that will decide its fate — whether Greeks will fight on to remain part of Europe’s core or…
The panicked mood over Greece has increased the pressure on eurozone leaders, and inspired feverish talk of grand plans that might or might not be…
Earlier today I asked, “So let’s take a contrarian view. What’s the best case scenario. Thoughtful responses get posted on WSE. Since everybody expects the…
By Emma Rowley Spain’s prime minister said he is “battling” to get the eurozone’s central bankers to bring down the country’s record borrowing costs, amid…
Half of Britons want immediate EU vote: poll (via AFP) Half of Britons want an immediate say on the country’s relationship with the European Union,…
China’s sovereign wealth fund, China Investment Corporation (CIC), has cut its European stock and bond investments on fears of a eurozone break-up. In an interview…