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Posts related to ‘PIIGS’

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More Detail About National Bank of Greece’s Capital Raise

Posted: May 22, 2013 at 3:25 pm

Investors have had time to know and prepare for a capital raise of sorts from the National Bank of Greece SA (NYSE: NBG). That is almost upon us and this ...
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Italy Borrowing Costs Hit Two-Year Low

Posted: April 29, 2013 at 11:35 am

Italy is one of the PIIGS, and therefore one of the big troubled spots for investors to keep their eyes on. The good news is that if the hangman is ...
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Janney Outlines Possible Spillover from Cyprus

Posted: March 18, 2013 at 3:15 pm

This morning we went on record calling the European proposal to make depositors face a Cyprus bailout tax on their bank deposits as being nothing short of theft. A levy, ...
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PIIGS Watch: $2 Billion Bond Offering From Spain Brings New U.S. Funding Sources

Posted: February 20, 2013 at 1:06 pm

It looks as though things are becoming less and less dire by the week in Europe. Pressure continues to abate against the nation of the PIIGS. Even if austerity protests ...
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Greece Has Smallest Current Account Deficit Since Joining the Euro

Posted: February 19, 2013 at 12:58 pm

The Bank of Greece has some good news for the PIIGS watchers. We would caution that this good news comes at a hefty price, but that is the world of ...
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Crumbling Greek flag with euro

Fitch PIIGS, Take Two: Ireland (Almost) Looking Better

Posted: February 8, 2013 at 10:40 am

We have warned investors repeatedly in 2011 and 2012 that the pressure on the credit ratings in Europe likely will continue. That may be true, but as over the past ...
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PIIGS Watch: Greece Continues To Lure Back Investment

Posted: January 29, 2013 at 2:11 pm

The Euro meltdown seen in 2012 looked as though it was going to bounce Greek out of the monetary union. That was then. We have noted on several occasions how ...
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Are World Markets on the Verge of Another Devastating Credit Bubble?

Posted: December 11, 2012 at 7:35 am

Less than five years ago, economic Armageddon appeared at the door. Lehman Brothers failed. Merrill Lynch was sold to Bank of America Corp. (NYSE: BAC) and J.P. Morgan Chase & ...
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Morgan Stanley Sees Euro Recession in 2013

Posted: November 20, 2012 at 9:05 am

Europe is proving to be the mess that cannot be cleaned up at least as rapidly as investors (and Europeans) had hoped. A macro research call from Morgan Stanley is ...
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Against The Grain: Germany Should Just Exit The Euro

Posted: June 14, 2012 at 10:43 am

Here is a fresh take on the Eurozone and the Euro for you.  With all of the talk about the PIIGS and the Euro, the angle always seems to be rather ...
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Can Greek Banks Survive A Euro Exit? Which PIIGS Are Next?

Posted: May 15, 2012 at 4:01 pm

The Europeans need to make a decision soon.  It is time to deal with Greece, then the markets can decide how they will deal with the Greek banking system.  The ...
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S&P Downgrades Spain, Warns Of More Cuts (STD, BBVA)

Posted: April 26, 2012 at 5:24 pm

Standard & Poor's has just lowered the sovereign credit rating of Spain.  We have warned that the downgrades were not over for Spain nor for the other PIIGS nations.  We would ...
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29 Global Banks ‘Too Big To Fail’, But Not Too Big to Tell the Truth (BAC, BK, C, GS, JPM, STT, WFC, MS)

Posted: November 8, 2011 at 9:29 am

Last Friday at the meeting of the G20 in Cannes, the Financial Stability Board (FSB) revealed a list of 29 global systemically important financial institutions (known as the G-Sifis). These ...
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Are French Banks Next On The Block After Italy? (EWQ, FTE, BNPQY, EEA, FEZ, IEV)

Posted: July 11, 2011 at 3:19 pm

By now, the term "PIIGS" is rather well-known due to debt woes and economic woes of Portugal, Ireland, Italy, Greece, and Spain.  French banks have been considered as having above-average ...
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Moody’s Cuts Greece, Calls Greek Default Odds 50-50… Lessons For Other PIIGS (NBG)

Posted: June 1, 2011 at 3:08 pm

If you wonder why ratings agencies are still hated so much, just wait until the Greek government comes out attacking Moody's now that a fresh downgrade has been seen.  Moody's ...
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