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Greek CDS Spikes
Greek CDS has been spiking for the last two weeks, as perceived sovereign risk has risen for the “Ring of Fire” or the PIGS: Portugal, Ireland, Greece, and Spain. These countries all share two things...
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Greece Outlaws Shadow Transactions
According to Mike Shedlock, in order to collect more tax revenue in Greece, the local government recently outlawed cash transactions greater than 1,500 Euros. Taxes were also raised on individuals...
View ArticleEurozone Credit Risk, Defined
Great description of Eurozone Credit Risk Eurozone Sovereign Risk (CA Research)
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Goldman on the Irish Bailout…European Contagion
The Irish bailout being unveiled this week will determine the performance of both the Euro and the global equity markets. Irish and Portuguese bond spreads had been widening over the past four weeks,...
View ArticleGeorge Soros on European Fiscal & Banking Crisis and EU Summit on June 28-29,...
Here I present key take-aways from George Soros’ in depth Bloomberg interview on the current European fiscal and banking crisis, Angela Merkel, the Spanish bailout, and Greece leaving the Eurozone. The...
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