Tag Archives: Europe
Here is a cautiously optimistic perspective on the coming year’s economic outlook from PIMCO’s Saumil Parikh . He forecasts a cyclical bounce in U.S. economic growth as a result of recent monetary and fiscal policy measures, mostly QE2 and tax policies. On the other hand, risks lurk in unsolved … Continue reading
This man seems to have understood the Irish crisis perfectly. Watch his unedited views on this YouTube video.
Rapid deleveraging by the northern European banks since December 2009 may make their governments less amenable to negotiation, and more inclined to demand tough austerity programs in return for bailouts. Here is a very good analysis of the implications for Portugal, Spain, Italy, and the EU.
Full text of the Government statement on its application for financial aid from the EU and IMF: The Government today agreed to request financial support from the European Union and the Euro Area Members States. The IMF will also be … Continue reading
An excellent article (appropriately titled) Threadbare from The Economist reports that Ireland’s banks have been unable to access wholesale capital markets, while corporate deposits have been fleeing abroad at an alarming rate in the past few weeks. This has left the banks … Continue reading
The yields of the peripheral EU countries (formerly known as the PIIGS) have been rallying for the past month. Click on the link for each country’s chart on Bloomberg: Greece Portugal Spain Italy Ireland
According to the Bank for International Settlements, (BIS) foreign lenders still have $170bn invested in Irish banks. Of this total, $46bn has come from German banks, $42bn from British banks, $25bn from US banks, and $21bn from French banks. But … Continue reading