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On 10 Oct 2011, Belgium, France and Luxembourg agreed to nationalise Dexia, Belgium’s biggest bank. Ironically, this happened just 3 months after it passed the stress test. In
I came across this report from Mike Story, Economist at Western Asset Management discussing four potential scenarios of Eurozone debt crisis Scenario 1: No Eurozone Restructuring This is
According to Bloomberg, Italy’s credit rating was cut by Standard & Poor’s on concern that weakening economic growth and a “fragile” government mean the nation won’t be able
According to Wall Street Journal, Moody’s Investors Service has cut the long-term debt ratings of Société Générale SA and Crédit Agricole SA on Wednesday and kept BNP Paribas
According to an report from bloomberg last week, the record high Credit-default swaps on Greek government debt is “signaling a 91% chance the nation will fail to meet
According to Bloomberg, some of the European banks are being quoted higher rates in the commercial paper market. Premiums on short-term loans are rising as odds of a default by
The eurozone debt crisis just cannot go away, In fact, the situation only seems to be worsening. Risk spreads on ‘peripheral’ sovereign bonds have widened, Greek two-year spreads
By now, you all should have heard about this Greek debt crisis. I haven’t blogged about this topic for long, only keep on warning investors when they became
Last week, Portugal’s debt auction was a success as Portugal managed to sell 1.25 billion euros of government bonds. This auction was 3.2 times oversubscribed thus easing concerns
European stock markets dropped sharply Friday after fresh worries over rate hikes sent shares tumbling in Shanghai, and as worries over Ireland’s debt levels rattled investors. The People’s
