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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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PIMCO on Spain: It's Too Late to Act
Monday, July 30, 2012 - 12:28pm | 505Read More...PIMCO has published a report on Spain ahead of the much anticipated ECB meeting this week. The analysts at the famed bond management company expect a lackluster response that is more of a band-aid than the proverbial nuclear option. The first point the analysts make is that the firepower to buy...
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Spanish, Italian Assistance to Come From Bailout Funds
Friday, July 27, 2012 - 9:08am | 571Read More...More details have emerged on the latest action to save the Eurozone and give aid to Spain and Italy. Following comments from the ECB President Mario Draghi Thursday, investors have renewed hope that leaders are Europe are stepping up to do whatever it may take to maintain the euro as it is....
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Spanish, Italian Bond Yields Fall as Nowotny Signals Broader ESM
Wednesday, July 25, 2012 - 8:45am | 484Read More...Spanish bond yields retreated from euro-era highs and Italian bond yields retreated from post-LTRO highs as Ewald Nowotny, member of the European Central Bank's (ECB's) governing council, said that the European Stability Mechanism (ESM) could receive a banking license. Such a move would allow the...
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What a Spanish Bailout Would Look Like
Tuesday, July 24, 2012 - 8:30am | 721Read More...Talk of a full-scale sovereign bailout of Spain, along the lines of those received by Greece, Ireland, and Portugal, has increased over the last few days. On Friday, Spain announced a plan to bailout its ailing regional finances, effectively nationalizing regional debts. Also, Spain agreed a new...
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Spanish, Italian Yields Spike on Eurozone Fears
Monday, July 9, 2012 - 10:17am | 498Read More...On Friday, Spanish and Italian bonds sold off over renewed fears concerning the finances of the indebted nations. Spanish 10-year yields touched post-summit highs of 7.1 percent early Monday morning before recouping some losses. On Monday, the benchmark 10-year traded near 7.053 percent. Fears...
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German Finance Minister Pushes for EU Treaty Changes
Monday, November 28, 2011 - 9:12am | 477Read More...German Finance Minister Wolfgang Schaeuble said the European Union needs to quickly enact treaty changes in order to better deal with the eurozone financial crisis. The German Finance Minister said that a treaty change was needed so that the European Union could have veto power over the budgets of...
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How to Profit From Slovakia's No Vote
Wednesday, October 12, 2011 - 7:54am | 572Read More...Slovakia put the future of the euro in jeopardy yesterday when the tiny, poor European country voted against enhanced powers for the European Union that are needed in order to prevent a financial meltdown. Slovakia's ruling party failed to get enough votes to give the European Financial Stability...
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How to Profit From ECB President's Warning of Systemic Threat to World Economy
Tuesday, October 11, 2011 - 7:53am | 569Read More...European Central Bank President Jean-Claude Trichet warned the European Parliament in Brussels on Tuesday that the financial crisis facing the eurozone is systemic and that Europe's leaders must take decisive action in order to prevent it from escalating and spreading. Trichet will soon be stepping...
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How to Profit From German Decision to Support the Euro
Thursday, September 29, 2011 - 8:45am | 684Read More...The government of German Chancellor Angela Merkel won a victory on Thursday when the German parliament passed a vote expanding the powers of the institution charged with saving troubled eurozone members like Greece, Ireland and Italy from default. The German Parliament overwhelmingly approved a...
