Archives: November 2011

"Euro Super Club"

Posted by: Ben Vickers on November 28

Germany's latest strategy for resolving the euro crisis has been emerging over the past few days. It will stand its first test tomorrow when euro-area finance ministers gather in...

Coping With Austerity

Posted by: Andy Reinhardt on November 23

On the same day that German Chancellor Angela Merkel again swatted down the idea of issuing joint euro bonds to help ease sovereign debt in peripheral euro zone nations,...

The ECB's Wall Against Contagion

Posted by: Ben Vickers on November 22

The European Central Bank added another layer to the wall it's building to stem contagion from the euro debt crisis. The bank added to its purchases of government bonds...

Has Spain Turned to the Right?

Posted by: Ben Vickers on November 21

Mariano Rajoy's staying power has paid off. After two previous election defeats under his leadership, the Partido Popular won an absolute majority in the Spanish general election yesterday, giving...

EU Warns Belgium Over Debt -- Now What?

Posted by: Ben Vickers on November 18

Belgium has been warned. The nation of almost 11 million was told this week by the European Commission that it may be subjected to sanctions after failing to reduce...

Must Democracy Be Sacrificed to Save Europe?

Posted by: Andy Reinhardt on November 17

The European debt crisis has played havoc on the continent's politicians. This year alone four countries have seen their governments fall—Ireland, Portugal, Greece, and Italy—the last two "without a shove...

JPMorgan, Goldman Keep Italy Debt Risk in Dark

Posted by: Ben Vickers on November 16

The European debt crisis lurches on as the uncertainty around government finances continues. Yet how much do banks know and choose not to disclose about the state of the...

Justice Ministry Is Measure of Berlusconi's Influence

Posted by: Ben Vickers on November 15

What role are Italy's elected parliamentarians to play now? The job of governing the country is going to be taken over by a team of technocrats led by Mario...

Spain's New Premier Will Face Impossible Equation

Posted by: Ben Vickers on November 14

Angela Merkel's call for a "breakthrough to a new Europe" will find sympathizers well beyond the CDU party members she was addressing in Leipzig today. Many in the euro-zone's...

EU Is Victim of Bystander Syndrome

Posted by: Ben Vickers on November 11

Are our politicians all victims of the bystander effect? Have we largely succumbed like people in an emergency situation who stand by as if waiting for someone else to...

Italy's Turn to Spook the World

Posted by: Andy Reinhardt on November 09

The news late on Nov. 8 that Italian Prime Minister Silvio Berlusconi intends to step down after lawmakers vote through a fiscal austerity package this month might have reassured...

European Spending Habits Die Hard

Posted by: Ben Vickers on November 09

Austerity is hitting home in some EU countries. Many Europeans will be spending less on gifts, food and socializing in the upcoming holiday season and New Year, Bloomberg's Julie...

Poorest to Pay Most in EU Bailout

Posted by: Ben Vickers on November 08

Slovakia shows the strain the debt crisis has imposed on euro member governments. Prime Minister Iveta Radicova's political career has been upturned by the latest bailout plans. The Slovak...

How Much Does Greek Growth Cost?

Posted by: Ben Vickers on November 07

From 1986 up until today, the EU has spent 602.7 billion euros on helping the poorer regions of the bloc catch up with richer ones, according to European Commission...

Euro Crisis Unleashes Old Stereotypes

Posted by: Andy Reinhardt on November 04

As an American somewhat steeped in political correctness, I was shocked when I moved to France in 2001 by how commonly and unashamedly many Europeans invoked shopworn stereotypes of...

Greece's Alternatives to the Euro

Posted by: Ben Vickers on November 04

Each member of the euro zone produces its own euro coins. One side of the coins is common to all members, but the other carries a design that is...

Can Draghi Solve EU Inflation Disparity?

Posted by: Ben Vickers on November 03

ECB President Mario Draghi may have to take another look at euro-zone inflation. His predecessor in the post, Jean-Claude Trichet, never tired of saying how the bank had delivered...

What Keeps Greece in the Euro?

Posted by: Ben Vickers on November 02

Will the Greeks say Yes or will they say No? When the prospect of a referendum on the Greek government's austerity measures was raised, alarm bells rang across the...

Papandreou Drops a Bomb With Referendum Plan

Posted by: Andy Reinhardt on November 01

Talk about throwing a spanner in the works. Greek Prime Minister George Papandreou shocked the world by announcing late on Oct. 31 that he intends to hold a popular...

About

Financial markets are on the edge as investors await a solution to the European debt crisis. This blog examines the banks that hold billions of euros worth of Greek, Italian, and other sovereign debt; the governments that must pay off or refinance that debt; and the implications for the worldwide financial system if they can't.

Analyses or commentary in this blog are the views of the author and or commentators, and do not necessarily reflect the views of Bloomberg News.

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