…On Monday, as concern grew about Italy’s prospects, investors were dumping Italian government bonds, causing the price to fall and the yield — a measure…
BERKELEY – Fiscal profligacy did not cause the sovereign-debt crisis engulfing Europe, and fiscal austerity will not solve it. On the contrary, such austerity has…
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Monday, December 12, 2011
“The European Instability and Stagnation Pact”
Antonio Fatas:
The European Instability and Stagnation Pact, by Antonio Fatas: …the European Stability and Growth Pact that s…
December 9, 2011
Moody’s Downgrades Top French Banks
By LIZ ALDERMAN
PARIS — In another sign of how Europe’s debt crisis is rippling through the banking system, Moody’s Investors Service on Friday downgraded the three largest banks in Fra…
I don’t know a hell of a lot about John Corzine. And what really is or was ‘MF Global?’
But what I do know is that it is difficult for me to see anything like a ‘crisis’ in any of the current metrics surrounding the US Dollar, the euro, and the intere…
Crisis contagion spreading to the core
Reuters Nov 15, 2011 – 8:25 AM ET | Last Updated: Nov 15, 2011 8:27 AM ET
LONDON — Contagion from the eurozone debt crisis spread on Tuesday with top-rated issuers’ premiums over safe-haven Germany hitting…
NOVEMBER 11, 2011, 6:41 A.M. ET
Italian Debt Threatens Europe’s Savers .
By HESTER PLUMRIDGE
Italy could deal insurers a lethal blow. Europe’s insurers own an estimated €300 billion (about $408 billion) of Italian sovereign debt—equivalent to a l…
Oct 29, 2011
The men without qualities
By Chan Akya
By far the biggest problem is the one involving the European Financial Stability Fund (EFSF), where the promise had been to increase its size from 440 billion euros (US$606 billion) to over 1 tri…
July 10, 2011, 1:10 p.m. EDT
Italian sell-off prompts emergency euro zone meet
By MarketWatch
SAN FRANCISCO (MarketWatch) — Top officials of the European Council, the European Central Bank and the European Commission will hold an emergency meeting…
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“A vault in the Fed basement [is] filled with young women, who claimed, in broken but excited English, they had been repo-ed by the Italian government. If Italy has weathered Europe’s sovereign debt crisis so much better than its fellow deadbea…
