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Tag Archives: Greece

A leap of faith: Why Portugal does not need a second bailout | Europe Review and Insight

While Spanish and Italian bonds are back in liquidity with yields for Italian bonds down to 1.2% for 6 months and 5.26% for 10 year bonds, just availability of quotes … Continue reading

February 29, 2012

European Sovereign Debt Crisis: Another EUR 530 bln down the hatch | Banking Insight – Europe Insight

And before you listen to the joint declaration from Greece and EC President Barroso later in the morning, the banks bought in a large amount for buying and selling Italian … Continue reading

February 29, 2012

European Sovereign Debt Crisis: The secret of the S&P Greece downgrade

Greece was downgraded to a “selective Default” outlook earlier today actioning the loss of bondholders’ rights from the new CACs inserted in the Greek Government bonds retroactively. As the new … Continue reading

February 27, 2012

European Sovereign Debt Crisis: The UK Law Greek Government Bonds issue

Greece is out with the offer, with apparently most hedge funds holding more than EUR 2 bln worth at 20 cents to the Euro holding veto power over the aceptance … Continue reading

February 24, 2012

European Banks Debt Crisis: Europe’s C-rated banks catted by Greece

Both Commerzbank and Credit Agricole, #2 & #3 from Germany and France respectively, admitted as much about their exposure to Greece reporting the 2011 figures. CA reported a EUR 3 … Continue reading

February 23, 2012 · 1 Comment

European Debt Call: The Greek Debt Opportunity Pt II

Here is the situation as the flyball caught by NYTimes’ Dealbook indicates , the softball ready to be smashed around the ground, but with enough near hstory to scare banks … Continue reading

February 23, 2012 · 1 Comment

US Economy: The Purchase Index couldn’t do it..but there is a lot of QE in the election year

Of course a nine day window for Greece to detail the austerity measures and then endless bouts of Dutch, Finnish parliament votes and German referendum to approve the package of … Continue reading

February 22, 2012

European Sovereign Debt crisis: Greek agreement finally reached, announced

The Troika’s bailout for Greece was finalised with a 2 X Covered margin till 2020 and 3X covered margin thereafter to reduce the debt burden ¬†As Jean Claude Juncker explains … Continue reading

February 20, 2012 · 1 Comment

European Sovereign Debt Crisis: New Cuts, Haggling over 123-124% targets

Of course not that the paperwork makes the new targets any more achievable but currently after creditors take a new 70% haircut, the debt to GDP ratio is wthin the … Continue reading

February 20, 2012

Francs say adieu | Insight Europe

The last exchange rate for French Francs (FRF) = 6.605 is still valid as Banque de Fraance is changinf Francs for the last time today, many people holding on to … Continue reading

February 17, 2012