Categories: euro

China to Europe's Rescue?

Posted by: Linda Yueh on February 16

China's willingness to support Europe to cope with sovereign debt problems is sincere and firm. China is ready to get more deeply involved in participating in solving the European...

Greece May Have to Accept Escrow Account for Aid

Posted by: David Tweed on February 13

Now that the Greek parliament has voted to accept austerity terms necessary to obtain a second EU/IMF bailout, the action moves back to Brussels on Feb. 15, when euro-area...

Europe Hope Takes Stocks to Bull Territory

Posted by: David Tweed on February 09

It's all about equities. On the day that BlackRock CEO Larry Fink told Bloomberg TV that investors should be 100% in stocks, the MSCI All-Country World Index touched bull...

The Draghi Put Effect

Posted by: Linda Yueh on February 08

Successive Federal Reserve Chairmen from Alan Greenspan to Ben Bernanke have been associated with what financiers call a "put" option. The Greenspan put and the Bernanke put refer to...

Banking Crisis in Europe Averted... At Least for a Year

Posted by: Linda Yueh on February 03

That's the view of the Bank of England's Adam Posen, who sits on the rate-setting MPC. Posen says that ECB's loans to big European banks are a "game changer,"...

Is Europe Listening to Italy's Two Marios?

Posted by: David Tweed on January 23

Euro zone finance ministers meet in Brussels today and it looks as though they're certainly listening to one of Italy's two Marios. European Central Bank President Mario Draghi suggested...

Can an IMF Firewall Stem the Euro Crisis?

Posted by: Linda Yueh on January 18

The IMF has asked for as much as $500 billion, including approximately $200 billion from euro countries, to address an estimated $1 trillion funding need in the next few...

The Price of Rajoy's Silence

Posted by: Ben Vickers on January 16

Spanish Prime Minister Mariano Rajoy's month-long tenure has been characterized by quiet. He has avoided making public pronouncements about his plans to cut the country's deficit and for structural...

S&P Tells It Like It Is in Europe

Posted by: Andy Reinhardt on December 06

In some ways it wasn't surprising when Standard & Poor's warned late on Dec. 5 that it was putting 15 of 17 countries using the euro on negative credit...

"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...

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...

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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