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Is the ECB Secretly Bailing out Greece?
Thursday, August 9, 2012 - 9:36am | 439Read More...As Greece continues to slip further into depression, complete with massive unemployment, a credit crunch, and loss of economic confidence, it seems as though the ECB has started to implement a backdoor bailout of the European nation. Greece has a $3.7 billion maturing bond on August 20, so if...
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Spain Prepares for Bailout as Monti Primes the Printing Press
Monday, August 6, 2012 - 9:54am | 560Read More...Following last Thursday's press conference and interest rate decision, Spain may need to submit to a full sovereign bailout to receive any further European support for its finances. The news follows weeks of discussion over the mechanics of a banking sector bailout for Spain, which would add...
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Benzinga Market Primer, Monday August 6
Monday, August 6, 2012 - 6:44am | 666Read More...U.S. equity futures rallied early Monday on hopes of further central bank stimulus despite a failure to deliver in the previous week. Aside from reticence from conservative Bundesbankers, markets still anticipate the European Central Bank to purchase bonds once Spain and Italy submit to full...
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Benzinga Market Primer, Wednesday August 1
Wednesday, August 1, 2012 - 6:55am | 859Read More...U.S. equity futures rose early Wednesday ahead of the Federal Reserve's interest rate and policy decision later in the afternoon. Also, data out of China showed that the manufacturing sector continued to expand in June despite the global slowdown. The official manufacturing PMI missed estimates...
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Eurobonds: a Real Solution?
Friday, May 25, 2012 - 11:25am | 353Read More...Most European politicians are saying that at some point in the future, Eurobonds are the solution to the European Debt Crisis. The question is then what will these bonds look like? Without a central treasury and pan-European parliamentary structure, there is no way to have a solely joint bond...
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Bundesbank Lowers 2012 German Economic Growth Forecast
Monday, November 21, 2011 - 7:46am | 25Read More...Germany's central bank lowered German economic growth view for 2012. Bundesbank now expects gross domestic product to rise by 0.5% to 1%, down from its previous forecast of 1.8%.
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Germany Slowing Down: Disaster for the Euro?
Friday, May 20, 2011 - 12:55pm | 220Read More...Germany's Bundesbank said that the German economy was likely to lose some growth momentum over the coming months, according to Bloomberg. Germany's economy is currently the largest in the Eurozone and represents approximately one-fifth of the entire economy of the European Union--an economy which...
