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Posts related to ‘EWP’

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PIIGS KILLERS: Italy PM Vote Threatens Austerity, All Over Again

Posted: February 25, 2013 at 3:00 pm

What happens when you put a vote out to the people about whether or not their benefits and public spending should be cut to appeal to international creditors? If you ...
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Spanish Bank Stress Tests Not So Bad After All (SAN, BBVA)

Posted: September 28, 2012 at 1:19 pm

The Spanish bank stress tests are out and the initial verdict is that the shortfall was just not as bad as expected. In order to encompass about 90% of Spain's ...
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Austerity Protests Rising in Madrid

Posted: September 25, 2012 at 3:17 pm

Spain is starting to look more and more like Greece with protesters clashing with police in the capital. The difference is that Spain is a much more important economy to ...
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Spain Takes Center Stage Again, Housing to Bailout

Posted: August 24, 2012 at 10:14 am

Spain is again taking the center stage, even after Greece's Prime Minister Samaras was meeting with Angela Merkel of Germany. And now we have seen headlines on the broad tape that ...
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Spain Short Selling Ban Spreads Through PIIGS and Beyond (EWP, SAN, BBVA, GREK, NBG, PT, IRE)

Posted: July 23, 2012 at 10:35 am

Most, or much, of the world hates short sellers. Betting against markets is just unfair, or so goes the logic. There is just one small problem: a market without short ...
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A Direct Bailout of E.U. Banks, TARP-Lite (SAN, BBVA, NBG, IRE, DB, UBS, CS, BCS, GREK, EWP, EWI, FXE)

Posted: June 29, 2012 at 8:37 am

European leaders are taking the aid directly to the banks to stave off any added crisis.  The futures in the U.S. are soaring and the markets in Europe are up ...
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PIIGS Shifting Attention To Spanish Bond Yields Again (EWP, BBVA, SAN, NBG, IRE, DB)

Posted: June 21, 2012 at 8:15 am

A 2014 bond auction in France went off at 0.54% this Thursday, while the same maturity in 2014 went for a yield of 4.70% in Spain.  The fear is that ...
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As Greece Fades, Attention Moves To Spain, Italy, Portugal (NBG, GREK, EWP, BBVA, SAN, PT, IRE, EWI, FXE, UUP)

Posted: June 18, 2012 at 11:26 am

The Greek elections went the way that the market participants were initially hoping for, but now the reality is setting in that Greece may ultimately not be able to stay ...
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The Amazing Greek Snapback Recovery For The PIIGS (NBG, GREK, EWP, PT, IRE, EWI, FXE, UUP)

Posted: June 15, 2012 at 2:02 pm

Trusting anything out of Greece or any of the PIIGS nations is a bit difficult these days.  With the weekend coming upon us, Greece is set to be the center ...
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Egan-Jones Downgrade Of Spain Sounds Like An Echo Downgrade (BBVA, STD, TEF, EWP)

Posted: June 13, 2012 at 3:51 pm

Egan-Jones Ratings is just the latest ratings agency to hit the PIIGS today.  The ratings agency lowered the Kingdom of Spain's ratings down to "CCC+" from "B."  What is perhaps more ...
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Fitch Downgrades Spain, Risks Remain Ahead (EWP, STD, BBVA)

Posted: June 7, 2012 at 12:56 pm

Fitch Ratings has had many reports today, but perhaps the largest call is a downgrade of Spain to "BBB" that has added some pressure to the Euro. Today's downgrade took Spain's Long-term ...
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Retail Sales & Bank Fears Drive Spanish Banks To New Lows

Posted: May 29, 2012 at 9:06 am

Reports of what appears to be am effective government takeover of Bankia in Spain, ongoing debt and capital concerns of the banks, and borrowing costs approaching 7% are all culminating with ...
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Bracing For The Euro Without Greece… Other PIIGS Too (EWG, EWQ, FXE, EWI, IRE, IRL, NBG, GREK, EWP, STD, BBVA, VGK, FEZ)

Posted: May 23, 2012 at 12:20 pm

So much for any great help from the ECB, France, Germany, and any other entity being able to help the Euro stay together.  Rumors have been out that nations have ...
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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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Monster Recovery for National Bank of Greece (NBG, EWP, EWI)

Posted: April 10, 2012 at 9:56 am

National Bank of Greece SA (NYSE: NBG) is not just up this Tuesday.  It is up huge on a day where most investors would have assumed it would have been ...
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