Showing posts with label PIIGS. Show all posts
Showing posts with label PIIGS. Show all posts
Wednesday, July 17, 2013

17/7/2013: Wrong Austerity Compounds the Failures of the Monetary Union

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Recent CEPR paper DP9541 (July 2013), titled "Debt Crises and Risk Sharing: The Role of Markets versus Sovereigns" by Sebnem Kal...
Monday, September 24, 2012

24/9/2012: Euro peripherals Building & Construction activity

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Here's a chart updating to latest data index of Building & Construction sector activity in the peripheral euro area states: A...
Thursday, August 16, 2012

16/8/2012: Italy's 'this time, it's different' moment

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This time it's different for Italy now... according to an excellent article by Charles Wyplosz here . Read the whole thing, Wyplosz is...
2 comments:
Friday, May 4, 2012

4/5/2012: Fitch Bells: Ringing de Panic?

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Yesterday, Fitch Ratings issued an interesting report, titled "The Future of the Eurozone: Alternative Scenarios". The report so...
Wednesday, March 14, 2012

14/3/2012: Daily CDS moves

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On the foot of yesterday's widening , CDS for Belgium and Italy posted very significant, close to 5%+ tightening. Portugal is now clear...
Tuesday, March 13, 2012

13/3/2012: CDS moves

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On the day Fitch upgraded Greece to B-/Stable from selective default rating, some PIIGS continued to get hammered: 5 year CDS moves with im...
1 comment:
Thursday, February 9, 2012

9/2/2012: Interesting chart on Euro area deposits

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Here's an interesting chart from Credit Suisse via zerohedge: Now, it's not the blue line that worries me and the others (EAP5...
Wednesday, February 8, 2012

8/2/2012: A more pleasant Sovereign arithmetic

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And for a rather more pleasant sovereign arithmetic, here's an interesting table from the Global Macro Monitor (link here ) summarizing...
1 comment:
Tuesday, February 7, 2012

7/2/2012: An unpleasant risk arithmetic

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Here's the guys Irish authorities trust so much on risk assessment, they contracted them to do banks stress tests - PCARs - back in 201...
Monday, January 16, 2012

16/1/2012: Summary of S&P move and more

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In the wake of the S&P action it is a good idea to put side-by-side some ratings on euro area countries. here are S&P ratings befor...
1 comment:
Friday, January 13, 2012

13/1/2012: EU27 External Trade - Greece falling out of trade picture

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As German lawmakers are putting pressure on the parties in the PSI negotiations in Greece with calls for Greece to exit the Euro to devalue...
3 comments:
Monday, January 9, 2012

9/1/2012: Week opener: Merkozy continuing to ignore Greek realities

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Today's meeting between Sarkozy and Merkel is being framed in the context of continued pressures across the euro area (see report on th...
Friday, December 2, 2011

2/12/2011: Euro crisis: wrong medicine for a misdiagnosed patient

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There's been much talk about the fiscal union and ECB money printing as the two exercises that can resolve the euro area crises. The pr...
3 comments:
Wednesday, September 14, 2011

14/09/2011: Ireland & Portugal are allowed to restructure some of their sovereign debts

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The EU Commission issued its proposals for altering terms and conditions of loans extended under the EFSM (and same is expected for EFSF). T...
2 comments:
Friday, August 12, 2011

13/11/2011: What do PIIGS tell us about EU's economic convergence thesis

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Working with the industrial production indices today, I found it interesting to compare the PIIGS in terms of their respective industrial pe...
1 comment:
Monday, July 11, 2011

11/07/2011: A simple guide to an EU bailout

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How EU countries go bust - a Simple 13-steps Guide for Asking for Bailouts: Stage 1: Deny the problem (debt/deficit/banks - or all three) ex...
4 comments:
Thursday, July 7, 2011

07/07/2011: What's in the interest rates hikes

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Working away on the data for PIIGS, I was interested in a question, what if the ECB were to go to the equilibrium repo rate consistent with ...
1 comment:
Wednesday, February 16, 2011

16/02/2011: Heading for another round of crisis pressures?

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Two nice charts, lest we forget where the crisis is at: Greek 10y sovereign bonds: And Irish 10y sovereign bonds Both courtesy of Goldcore, ...
1 comment:
Friday, May 28, 2010

Economics 28/05/2010: Spain's downgrade is a warning for Ireland

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In a significant development today, Fitch cut Spain’s credit ratings to AA+ from AAA. This was expected. What was unexpected and new in this...
4 comments:
Monday, April 19, 2010

Economics 20/04/2010: IMF report on global financial stability

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IMF's GFSR report for Q1 2010 is out today, and makes a fantastic, albeit technical reading of the global financial system health. Irela...
3 comments: