Tag Archive for Liquidity

Dallara Says Greek Euro Exit May Exceeed 1 Trillion Euros – Bloomberg

The cost of Greece exiting the euro would be unmanageable and probably exceed the 1 trillion euros ($1.25 trillion) previously estimated by the Institute of International Finance, the group’s managing director said. The Washington-based IIF’s projection from earlier this year is “a bit dated now” and “probably on the low side,” Charles Dallara said in…

Time for bank bond write-downs: James Saft | Reuters

It may now be time to cross that red line and force some bank bondholders, even senior bondholders, to take losses. Throughout the now five-year-old global financial crisis, writing down bank debt when banks are insolvent is a step that policy-makers have been almost universally unwilling to take. Fearing a rolling line of bank failures…

Hollande Defies German Crisis Handling on Euro Bonds, Banks – Bloomberg

French President Francois Hollande challenged Germany’s handling of the financial crisis as he headed to his first European Union summit with calls for joint borrowing and cash injections to struggling banks. Hollande teamed with Spanish Prime Minister Mariano Rajoy to press for tonight’s meeting of EU leaders to break with German-dominated budget-cutting policies that have…

Just the Facts M’am, Just the Facts- A Brief Liquidity Summary

A couple of minor technical problems called “business” and “life” have now intruded on my increasingly bogged down publication schedule that, in the interest of getting caught up, I’m presenting a condensed version of the Fed Report tonight. It includes just the main components of the macro liquidity indicator (which I suspect is probably all…