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Debt crisis

This tag is associated with 6 posts

The Bloody Flag

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Spain has been in the news recently more often than is good for any country and the news has been generally bad. The only bright point has been the easing of pressure on Spanish bonds, thanks to the ECB’s promise to defend the euro at any cost. The 10-year bond remains just under 6%[1] which, […]

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Spanish Death Spiral Continues

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Spanish 5- and 10-year bonds are now priced as riskier than those of Ireland. In fact, the divergence between the Irish and Spanish issues has become a gulf since the Spanish bank bailout. This is, at least in part, due to the difference in attitudes between the two governments: Ireland adopted a “clean sweep” approach […]

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Shared: A Euro Collapse Needn’t torpedo the Global Economy

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Common Sense loves posting a challenging, contrarian view. Mr. Lynn’s arguments are certainly stimulating, but he underestimates the complacency of leaders, their lack of planning for what should be an obvious contingency, and of course the frightening rapidity with which events can overtake us, generating mindless panic. http://www.marketwatch.com/story/euro-collapse-neednt-torpedo-global-economy-2012-05-23?Link=obinsite

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Staring into the Abyss

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 Events in Europe have developed far more quickly than most people expected or hoped for (at least the European politicians): The Greeks have failed to form a coalition government. Last minute desperation talks where scuttled when Alexis Tsipras of the anti-bailout Syriza party refused to even attend. The Greek President must now attempt to form […]

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Shared: Spain Following in Ireland’s Footsteps

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A great article from Megan Greene in Economonitor (23 April 2012). Goes into more detail than my last post on the ongoing, slow motion real estate-banking disaster in Spain. Click to read: Spain Following in Ireland’s Footsteps

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Spain: Ominous and Imminent

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A friend of mine recently moaned over Facebook, “If I read one more article that starts with ‘the pain in Spain’ I’ll scream.” And justifiably so. Beyond the uncalled for alliterative abuse, there has been a flood of gloomy news coming out of the Iberian nation recently. After a calm first quarter, April has been […]

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“Our obligations to our country never cease but with our lives.“

John Adams

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