Sober Look
Showing posts with label
EFSF
.
Show all posts
Showing posts with label
EFSF
.
Show all posts
Sunday, July 26, 2015
Troika to extend the unsustainable Greek debt by decades
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The Euorzone leadership remains uneasy with the third bailout of Greece. This unease can be seen in the recent delay to the start of the n...
Sunday, April 22, 2012
Spanish property crisis will require Ireland-style banking system recapitalization
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Ireland dealt fairly quickly with its property market bubble by effectively and forcefully nationalizing and recapitalizing its banking ...
Tuesday, February 7, 2012
EFSF used to recapitalize the ECB on Greek debt loss
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It looks like the ECB has caved in under the pressure to take a haircut on Greek debt. But only to a point. The central bank is not willi...
Wednesday, December 7, 2011
The ghosts of eurozone solutions (or lack thereof) haunt the markets
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The quotes out of Europe continue to rapidly swing financial markets. The mere mention of a solution that may or may not see the light of ...
Monday, December 5, 2011
The euro-zone: we want it all
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The summit meeting in Brussels this week has an aggressive agenda and will focus on 3 items: IMF backed by a loan from the ECB to purch...
Friday, November 18, 2011
The EFSF Leverage Bazooka
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There is big talk emanating from Europe about the "bazooka" solution to the crisis. It's the talk the Europeans learned fro...
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