Category Archives: Euro zone Crisis

The plans for European Central Bank Greek debt haircut involvement merely pass the parcel yet again

Today has opened with yet more news on the Greek debt haircut or private-sector involvement deal and this time we seem to have rumours of as new acronym which is OSI or Official Sector Involvement. In particular this revolves around … Read More

Posted in Banks, Euro zone Crisis, General Economics, Greek Financial Crisis, Quantitative Easing and Extraordinary Monetary Measures, Yield | 16 Comments

Who will be affected by the Baltic Dry Index’s fall? Europe’s banks and Greece lead the list yet again

Today opens with my subject of yesterday even more in the headlines as the various official bodies involved make even more of a mess of an already grim situation. However today I want to take a look at something which … Read More

Posted in Banks, Euro zone Crisis, General Economics, Greek Financial Crisis, Yield | 9 Comments

Greece must not sign the troika’s new deal otherwise she will revisit the 1930s with all that entails

Today is yet another day where deadlines for debt and bailout deals for Greece have come and gone with no resolution. It is also a day with a grim historical portent as on this day some 179 years ago a Bavarian … Read More

Posted in Euro zone Crisis, General Economics, Greek Financial Crisis, IMF, Yield | 54 Comments

Is austerity working in Ireland? Part two

Back on October 6th I discussed whether austerity was working in Ireland or not and it is time I feel to review again where she stands. In the meantime I have seen yet again commentators and the media veer between … Read More

Posted in Euro zone Crisis, General Economics, House Prices, IMF, Quantitative Easing and Extraordinary Monetary Measures | 15 Comments

Eurozone credit crunch eased by ECB lending boost

The ECB’s latest bank lending survey confirms a significant tightening of credit conditions but forward-looking components are marginally less grim, probably reflecting the ECB’s three-year lending operation. The net percentage of banks tightening credit standards on business loans rose to … Read More

Posted in Euro zone Crisis, Eurozone | Leave a comment

The “currency twins” are telling us that there is currency flight from the Euro

As yet another Euro zone summit makes its way into the distance like a shower on a hot summers day we are left with quite a few ongoing problems. I have reported on various occasions that the Greek debt haircut … Read More

Posted in Euro zone Crisis, General Economics, Greek Financial Crisis, Japan's Economic Situation, Quantitative Easing and Extraordinary Monetary Measures, UK Inflation Prospects and Issues | 15 Comments

Will the European Central Bank in effect be bankrupt and does it matter? In other words who pays…..?

Late on Friday evening we saw the continuation of a theme which is becoming more and more familiar. This involves Euro zone government bond markets improving with prices rising and yields falling. Examples of this on Friday, involved the Italian … Read More

Posted in Banks, Euro zone Crisis, General Economics, Greek Financial Crisis, Quantitative Easing and Extraordinary Monetary Measures | 34 Comments

More evidence emerges that Spain and Portugal may bypass recession and go straight to depression

One of the themes of this blog has been concern over the economic situation in the Iberian peninsula where both Spain and Portugal have serious problems to address. This is not as clear-cut as you might think as whilst the … Read More

Posted in Euro zone Crisis, General Economics, Interest rates, Yield | 34 Comments

The United States Federal Reserve has QE3 (more monetary easing) ready on the slipway

Last Friday I offered the opinion that I expected the US central bank to ease policy further in 2012. At the end of the Federal Open Markets Committee (FOMC) Meeting and these days also after the press conference you might after … Read More

Posted in Banks, Euro zone Crisis, General Economics, Greek Financial Crisis, Interest rates, Quantitative Easing and Extraordinary Monetary Measures, The US Economy, Yield | 20 Comments

UK GDP is performing poorly as a consequence of the wrong economic policy being pursued

Today I wish to look at the UK and its current economic policy and in doing so I think I can slay or at least address some of the dragons of the mainstream media. Let me address one via pointing out … Read More

Posted in Banking Reform, Euro zone Crisis, GDP, Inflation, Interest rates, Japan's Economic Situation, Quantitative Easing and Extraordinary Monetary Measures, Stagflation, UK Inflation Prospects and Issues | 16 Comments