Markets

GREECE IS CRASHING

The prospect of Greece's far-left radicals winning an election is not cheering Greek investors.
GREECE IS CRASHING
Markets

Charlemagne: Beware Of Europhoria

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 […]
Charlemagne: Beware Of Europhoria
Markets

Why Italy Is A Horrible Place To Do Business In One Chart

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 […]
Why Italy Is A Horrible Place To Do Business In One Chart
Markets

ITALIAN PRIME MINISTER TO RESIGN

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 […]
ITALIAN PRIME MINISTER TO RESIGN
Markets

Europe’s Banking Regulator: Too Many Banks Survived The Financial Crisis

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 […]
Europe’s Banking Regulator: Too Many Banks Survived The Financial Crisis
Markets

The ECB May Finally Cut Rates — Here’s What You Need To Know

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 […]
The ECB May Finally Cut Rates —  Here’s What You Need To Know
Markets

CHART: Here’s The Massive Deleveraging Of European Banks

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 […]
CHART: Here’s The Massive Deleveraging Of European Banks
Markets

The Japanification Of Europe In Three Charts

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 Japanification Of Europe In Three Charts
Markets

The News Out Of Europe Today Is A Headache For The ECB

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 […]
The News Out Of Europe Today Is A Headache For The ECB
Markets

Every Country In Europe Should Be Glad It’s Not Greece

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 […]
Every Country In Europe Should Be Glad It’s Not Greece
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