I’ve been on the road, and not as close to things as usual, so from what I’ve seen and heard: Looking at the market prices I’d guess yesterday’s sell off was a euro zone credit response. The euro dropped a quick 3% and gold went up enough to be up even in dollars. When Europeans […]
Tag Archives: eu debt
euro zone issues
Asian players are a worry for eurozone By Gillian Tett July 14 (FT) The saga behind next week’s stress test release is a case in point. During most of the past year, governments of countries such as Germany, Spain and France have resisted the idea of conducting US-style stress tests on their banks, in spite […]
ECB buys Irish Bonds
This latest announcement of the purchase of Irish bonds shows the ECB is continuing its policy of buying national govt bonds to facilitate solvency: EU Headlines: Europe’s bankers in talks over bail-out fund Support for European spending cuts strong European Bank’s Economist Is Optimistic on Sovereign Debt, but Critics Are Wary EU Ministers Pressured to […]