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Posts related to ‘sovereign debt’

Eurozone Bailout Agreement Not All It Seems

Posted: July 6, 2012 at 12:05 pm

Markets widely interpreted Germany’s recent agreement permitting the European Financial Stability Fund (EFSF) and the European Stability Mechanism (ESM) to purchase Eurozone sovereign debt as a major step on the ...
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Currency Intervention’s Impact on the Price of Gold (GLD, IAU, FXF, ERO, DRR)

Posted: September 16, 2011 at 11:01 am

Currency traders really don't like governments to intervene in the global currency market. Such moves tilt the playing field in unexpected ways that can cause traders to unwind positions that ...
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Euro-ETFs In Focus, From Greece to Italy and Beyond (EWI, EWG, VGK, EZU)

Posted: July 12, 2011 at 10:06 am

Italy's sovereign debt trails only the US and Japan in size. For a relatively small nation with debt totaling 120% of GDP, $2.2 trillion in debt is a big deal. ...
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Greece: Extended Payments Another Name For Default

Posted: May 2, 2011 at 5:42 am

The Greek government has begun to float the trial balloon of a lengthened period over which it repays its 110 billion euro bailout loans. Greek Finance Minister Georges Papaconstantinou once ...
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Austerity Watch: 3/22/11 Ireland, Minnesota

Posted: March 22, 2011 at 10:41 am

Austerity Watch Daily covers critical news about national sovereign debt,  Credit Default Swaps, state and municipal deficit actions, and discussions about the US deficit and debt. Here are some highlights ...
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Sovereign Debt Downgrades Open IMF Door

Posted: March 8, 2011 at 5:42 am

Downgrades, sovereign interest rates, contagion, defaults, and loan guarantees. These terms  swirl around Europe each time the debt of a nation is cut by a rating agency as Greece's was ...
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Why Moody’s May Not Have Cut Greece Enough

Posted: March 7, 2011 at 5:04 am

Moody's downgraded Greece's government bond ratings to B1 from Ba1 and said its outlook for the sovereign paper was "negative."  The drop was three notches, an unusual move for a credit ...
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S&P Rate Cut For Japan: A Threat To US?

Posted: January 27, 2011 at 5:00 am

Standard & Poor's reported that it had lowered its long-term sovereign credit ratings on Japan to 'AA-' from 'AA'. At the same time, S&P affirmed the 'A-1+'short-term sovereign credit ratings. ...
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Bailouts Could End With Ireland

Posted: November 22, 2010 at 6:15 am

There is a broad expectation that contagion will rise as Ireland is bailed out by EU nations and the IMF. Much like Greece, Ireland could not afford to finance its ...
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Europe Paints A Bleak Picture Of Its Own Prospects

Posted: November 15, 2010 at 6:06 am

EuroStat, the statistics bureau of the EU, reports a sharp increase of both the  region's deficit to GDP ratio and debt to GDP ratio  calculated for last year. "In 2009, ...
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Merkel’s Germany Expects Neighbors To Knuckle Under

Posted: October 28, 2010 at 5:18 am

The balance of power in Europe is simple. Germany is the largest nation by GDP. It is also the healthiest economy in the region, driven by intelligent industrial and labor ...
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Another Europe Panic In The Making

Posted: September 28, 2010 at 6:10 am

Moody's may take away Spain's Aaa rating this week, according to a media reports. The Anglo Irish bank was downgraded due to concerns about risk. The cost of insurance against ...
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Spain’s Turn To Compound Eurozone’s Trouble

Posted: September 24, 2010 at 5:40 am

The will of the Spanish to hold to their austerity plan has begun to be questioned. The nation's finance minister, Elena Salgado, will present her budget for the next year ...
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UK To Keep Aaa Rating

Posted: September 20, 2010 at 6:51 am

In a world where the value and risks of sovereign debt is being constantly threatened, one of the world's oldest nations will keep its Aaa rating. Moody's announced that "Despite ...
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Greece Will Not Default–Ever, Maybe

Posted: September 16, 2010 at 6:21 am

Greece will never default on its sovereign debt. That is, at least what Greece’s finance minister George Papaconstantinou says. His argument has less to do with his nation's precarious situation ...
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