PIIGS
Source: ThinkstockThe 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 austerity for you. The Greek’s...
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Source: thinkstockWe 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 six weeks we have...
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Source: ThinkstockThe 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 investment is sneaking...
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Source: ThinkstockLess 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 & Co....
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Source: ThinkstockEurope 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 now looking for...
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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 Greece, Spain, Portugal and Italy can ultimately...
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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 baby-sitting and reality TV watching...
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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 go ahead and...
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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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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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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 Investors Service...
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Something happened in recent weeks which was easy to miss out on and easy to have forgotten about, but which Irish bank investors need to consider. Other geopolitical news has taken over. Wilbur...
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Are the credit ratings agencies still viable? If you can believe it, there is a new round of warnings for credit rating downgrades in the lands of the PIIGS. As if you didn’t know that things...
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Nearly every stock and ADR/ADS of European banking stocks are lower so far on Tuesday over concerns over debt levels and downside levels of recent stress tests not factoring in the right risks in the...
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The E.U. bank stress tests are due at 12:00 PM EST today, an interesting time considering that the U.S. will be the only active market. Many of the top banks are lower ahead of the reports, partly on...
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