A new drachma would mean Grexit.
Greece has a '70s problem.
The origins of the Greek crisis.
The impact of getting older?
Some countries have never borrowed at rates this low.
The ECB needs to start acting like a lender of last resort.
Varoufakis says Greece's demands are no bluff.
The conflict between federalists and nationalists is back.
Markets are positive after Ukraine's deal is agreed.
Greece prepares for key Eurogroup meeting.
Italian fashion lessons.
Economists call for debt relief for Greece.
Syriza -- the party that could shake Europe on Sunday.
After four years of economic sacrifices, Greece...
Germany is not planning for a Greek exit...
European stocks are being lead down,
There are three major reasons that Greece could be pushed out of the eurozone after its upcoming vote.
Radical left-winger Alexis Tsipras is ready to clash with Europe's established institutions.
If far-left Syriza come to power, Europe could be thrown back into crisis.
Anti-austerity and anti-establishment parties could overturn European politics in the year ahead.
The prospect of Greece's far-left radicals winning an election is not cheering Greek investors.
This party could change the face of Europe in just a couple of months.
Greece is getting crushed.
Stocks were down by...
It's going to be a very bearish Christmas.
Sad, happy, and so many more.
The country has had one of the most severe economic depressions in history, and more than a quarter of workers are still unemployed.
George Osborne scored a huge goal today as he...
Germany sets out its aim to run a budget balance to 2015 and beyond.
Germany is flagging.
It threatened to pull emergency funding.
The Eurozone is a mess.
Southern Europe's unemployment situation is a horror story.
Major implications for Spain's political and economic stability.
The threat of deflation isn't over in Europe.
European economic sentiment improves.
Looks as if Greece is falling back into crisis
Beppe Grillo wants Italy to leave the euro.
Eurosceptics are on the rise.
IMF calls on European governments to guarantee lending.
Draghi's plan to save the euro may have a chance of success.
ECB's negative rates taking their toll on Europe's money market funds.
The central bank is struggling with fractured Eurozone economies.
Further waning of the Eurozone.
The ECB signals that it's done all it can.
The ECB won't solve the euro crisis.
Austerity didn't restore confidence.
Risk of a "lost decade" remains.
In financial circles, academic Nouriel Roubini...
Two sets of numbers tell a contradictory story about the euro zone. Economic data point to improvements by the month, even by the day: growth is picking up and the borrowing costs of even the most indebted countries keep falling. The crisis is over, say some Eurocrats. By contrast, polls […]
Today, Italian prime minister Enrico Letta announced that he would tender his resignation to pave the way for party ally Matteo Renzi to form a new government. Renzi, the leader of Italy’s Democratic Party (PD), has voiced frustration with the slow pace of reforms that need to be enacted to […]
Leaders of Italy’s Democratic Party (PD) just concluded a meeting to decide the fate of the Italian government. PD secretary and mayor of Florence Matteo Renzi is looking to unseat current prime minister and fellow party member Enrico Letta, and he now has the backing of the party in doing […]
Too many European banks survived the financial crisis, the head of Europe’s banking regulator said in a newspaper interview on Monday. “I’m convinced that too few European banks were dismantled and disappeared from the market,” European Banking Authority (EBA) chief Andrea Enria told the daily Frankfurter Allgemeine Zeitung in an […]
ECB president Mario Draghi just held his monthly ECB press conference. The central bank shocked markets with a surprise decision to lower its benchmark refinancing rate to 0.25% from 0.50% earlier today. The euro is down 1.1% against the dollar, and European stock indices are surging. In his opening remarks, […]
The ECB cut rates in November. Only three economists expected this. The central bank elected to lower its benchmark refinancing rate to 0.25% from 0.50%, while the rate on the marginal lending facility was reduced to 0.75% from 1.00%. The euro is plunging. Right now, it’s trading 1.1% lower against […]
For the first time in a while, people are talking about a European Central Bank policy decision. The consensus forecast on Wall Street is that the ECB will maintain its benchmark refinancing rate at 0.50%, where it’s been since May. Yet with a persistently appreciating euro and the release of […]
From Morgan Stanley, a chart of the massive deleveraging still underway by European banks. Due to the weak economy and demands of improving capital ratios, European banks are shedding assets aggressively. This asset dumping, especially the dumping of foreign assets, tends to be Euro-bullish. Thus this chart represents a pattern […]
The euro is trading below $US1.35 this morning, down more than 2% from the high above $US1.38 made last Friday. In October, the euro has become one of the hottest topics on Wall Street, as its persistent strength over the past few month has defied expectations. In the last few […]
This morning, new economic data revealed that core consumer price inflation unexpectedly fell to 0.8% year over year in October from 1.0% the month before, while eurozone unemployment unexpectedly rose to 12.2% in August and September. The data are causing a bit of chatter about the risk of European Japanification […]
The government shutdown in the United States and the prospect of a U.S. debt default are dominating the discussion in financial markets. ISI vice chairman Krishna Guha warns, however, that investors shouldn’t forget about the German Constitutional Court, which is expected to rule on the legality of the European Central […]
Billionaire financier and legendary speculator George Soros gave a speech today at the Global Economic Symposium in Kiel, Germany, titled “The Future of Europe.” In the speech, Soros declared the euro crisis over: The euro crisis is now over. This became official in the German elections where the rules governing […]
Impact on Germany, impact on the eurozone, and impact on markets.
Many market watchers these days warn that good news can be bad news, especially for central bankers who are trying to justify their stimulative loose monetary policies. Earlier today, the preliminary (Flash) PMI reports across Europe continued to confirm that the eurozone economic recovery is real. “As they stand, PMI […]
This week it will be confirmed.
Unemployment at 64.9% for those aged 15-24.
No country in the euro zone was safe from the global financial crisis and the ongoing euro crisis. But some countries have fared better than others. Andrew Sheets, Morgan Stanley’s top European credit strategist, included the chart below in a presentation he gave on Wednesday. It shows the GDP levels […]
Q2 GDP figures better than expected, though.
Brand new charts we've never been easily able to make before.
"Whatever it takes."
A couple of key bullets to remember.
Portugal, Spain, etc...
Volatility is back.
Deep problems and green shoots collide.
And here we go again.
The latest numbers confirm it.
Look out for re-escalation in the eurozone.
The troika rift widens.
Privatization deal falls through.
Yields blowing out.
Breaks it down in a new 50-page report.
Led by London.
German unemployment jumps.
There's one in the US, too.
Bad news is good news.
The new Italian government is well placed to lead the charge.
The multi-decade project known as the EU won the Nobel Peace Prize. Now fewer and fewer people like it.
The election race is heating up.
A ton of political risk.
Horrifying numbers out of Spain.
The currency is "leading to disaster."
Just look at Europe.
"This caused 80 per cent of the problem we are in."
Country finally has a government.
Things just don’t work like that anymore.
And all the things that could get worse.
Thank God Germany's economy has gone to crap now too.
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