Shoot the Shorts The Moral Liberal European bank stocks have dropped sharply in recent days, presumably because they hold large amounts of shaky debt issued by the governments of Greece, Portugal, Spain, Ireland and Italy. Several European governments have found someone to blame for ... See all stories on this topic » | ||
| ||
U.S. Money Funds Cut Investment in Europe Bank Debt, Fitch Says San Francisco Chronicle The Bank for International Settlements estimated European lenders held $136.3 billion in loans toGreece at the end of 2010 and almost $2 trillion to Portugal, Ireland, Spain and Italy. --With assistance from Christopher Condon in Boston. ... See all stories on this topic » | ||
| ||
I. Am. Canadian Canadian Lawyer Magazine France is in trouble because its banks are exposed to the PIIGS's sovereign debt (PIIGS meaningPortugal, Italy, Ireland, Greece, and Spain). The other PIIGS may default on their debt as well, particularly Italy, which can't seem to get rid of a ... See all stories on this topic » | ||
Financial Holes Dug by Parliamentary Systems Commentary Finally, the so-called PIIGS countries – Portugal, Ireland, Italy, Greece and Spain – that are the root-cause of the Eurozone sovereign debt crisis are all parliamentary democracies. Whether they ultimately fix their problems (a big question mark), ... See all stories on this topic » | ||
Nine Signs That a New Global Recession Has Arrived 24/7 Wall St. (blog) The eurozone financial crisis is so bad that Greece, Portugal, Italy, Spain and the UK have all cut or pledged to cut government spending significantly to implement austerity programs. These are meant to offset rises in national deficits. ... See all stories on this topic » | ||
Michael Pettis: Long-Term Outlook for China, Europe, and the World; 12 Global ... HoweStreet.com Spain will leave the euro and will be forced to restructure its debt within three or four years. So willGreece, Portugal, Ireland and possibly even Italy and Belgium. The only strategies by whichSpain can regain competitiveness are either to deflate ... See all stories on this topic » | ||
| ||
The PhD standard Asia Times Online The debt market experiences of Greece, Ireland, Portugal, Spain and Italy point to "systemic extrapolation risks". In such an exceptionally unstable credit environment, most financial assets should trade at discounted valuations. ... See all stories on this topic » | ||
| ||
Chris Haskins: We need radical action to get the North out of the mess that ... Yorkshire Post ... Greece, Ireland and Portugal so spooked potential lenders, including the already cash-stripped banks, that the other members of the eurozone are attempting to bail them out and halt any contagious effect on other countries like Spain and Italy. ... See all stories on this topic » | ||
Eurobonds without any undue fear Times of Malta Having their bonds purchased by the European Central Bank did not keep Greece, Ireland andPortugal from needing a bailout. It will not save Spain and Italy, either. But Spain and Italy are too large to be bailed out. The new European Financial ... See all stories on this topic » | ||
| ||
Failed Redistribution: Europe-United States-Individual Intellectual Conservative What has happened to Europe is the failure of some key member States (countries) such asPortugal, Ireland, Italy, Greece and Spain (PIIGS). These countries have drained the coffers of the central banking system which member countries send money to; ... See all stories on this topic » | ||
|
1993: European Community | As they saw it By admin Under these adverse conditions there was little opportunity in 1993 for Community members (Belgium, Denmark, France, Germany, Great Britain, Greece, Ireland, Italy, Luxembourg, the Netherlands, Portugal, and Spain) to take major new ... As they saw it |
Euro Traders Put Trust in Trichet @ Forex Factory By FF News While the region's debt crisis now threatens Italy and Spain after infecting Greece, Ireland andPortugal, the euro has appreciated 1.8 percent this year against a basket of nine developed-nation counterparts, according to data compiled ... Forex Factory |
Greece Avoids Bank Run By Last Minute Bail Out Of Proton Bank ... By Tyler Durden If interest rates of US Ts go up the US Economy is toast... A default on US Ts will ensue for the treasury will not be able to pay the interest on the debt without massive printing... Dollar will sink onnews of massive printing... and PMs will be the only .... But don't kid yourself we don't also have : Zombie Wall Street (how long can they go without more QE or bailouts), even Zombie Sovereigns (Greece, Ireland, Portugal, and joining the family: Spain Italy Belgium). ... |
No comments:
Post a Comment