Tag Archive for Italy

Spain-Italy 10-year spread drops below zero – Sober Look

This is a syndicated repost courtesy of Sober Look. To view original, click here. Reposted with permission. In the spring of 2012, Spain’s 4th largest bank Bankia requested a bailout of €19 billion and it became clear that the whole of Spanish banking system will need government support. The world’s markets had suddenly shifted their…

With the ECB easing inevitable, periphery yields hit new lows- Sober Look

This is a syndicated repost courtesy of Sober Look. To view original, click here. Reposted with permission. As France and Germany PMI measures converge on the rest of the Eurozone and with the area as a whole in a contraction mode, it is becoming increasingly clear that the ECB is likely to ease monetary policy…

Trends behind declining LTRO balances; Italy overtakes Spain as the largest LTRO borrower – Sober Look

This is a syndicated repost courtesy of Sober Look. To view original, click here. Reposted with permission. As European banks find some private sources of capital to fund themselves, they continue to repay their ECB loans – particularly in the 3y LTRO program. FoxBusiness: – Next week, nine banks will repay just over 4 billion…

Why Italy’s Election Has Caused Global Markets to Crater – William J. Black

This is a syndicated repost courtesy of New Economic Perspectives. To view original, click here. Reposted with permission. NEP’s William Black appears on Daily Ticker with Henry Blodget. The election in Italy moved markets around the world. Blodget gets an explanation from Bill why Italy has such an impact. You can view the episode at…

Europe back in focus as Italy braces for a deadlocked parliament – Sober Look

This is a syndicated repost courtesy of Sober Look. To view original, click here. Reposted with permission. All of a sudden Europe matters. As discussed last week (see post), Italy’s election was creating risks of a “weak and fragmented coalition” that could slow down or even reverse the pace of much needed reforms. And now…

Italy’s recession and upcoming elections threaten reforms

This is a syndicated repost courtesy of Sober Look. To view original, click here. Reposted with permission. The Guardian had a good summary yesterday on the situation in Italy, where the recession is showing no signs of abating. The winner of the upcoming elections will face some severe challenges. The Guardian: – A stagnating economy,…

Italy’s modern-day conqueror falters under weight of eurozone crisis – Full story

Italy's modern-day conqueror falters under weight of eurozone crisis (via The Christian Science Monitor) Things are not going well for Italian President Mario Monti. The elegant economist’s entry into politics in November, to replace disgraced former President Silvio Berlusconi, was at first greeted with great enthusiasm. Some even likened him to Lucius Quinctius Cincinnatus, an Italian…