Opinion Central Banks : the global financial system trashcans ?
Institutionalized monetization condemns central banks to become the international financial system trashcans and, despite German opposition, it is likely to be the same for the ECB.
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Opinion Who is eventually irrational?
If the market was fully rational in its current pricing, policy makers could actually see current low levels of bond yields as a vote of confidence in their long-term credibility. It would then be rational for policy makers to exploit the lowest funding costs (...)
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Kiosk Crisis, stock market crash and risk management in 2011
Turmoil around sovereigns’ solvency and the strong market drop currently observed raise many questions and misunderstandings. Taking a short break to look back at some analysis and themes developed throughout the year seems then (...)
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Opinion The Euro will survive, but not the current Euro zone !
If the existence of the euro is not challenged, it is the case of the euro zone in its current configuration. In the same way that cohabitation between countries with maintaining parity exchange had become impossible in the EMS, cohabitation has become impossible within (...)
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News Gold as collateral for a participation in the Greek support plan
Will Finland jeopardize the Greek plan? The country requires collateral in exchange for its participation in the support plan. The German labour minister, Ursula Von Der Leyen, has agreed to those terms…
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Opinion The Euro will survive In fine !
We do not believe or at least most of the implosion scenarios of the euro zone regardless of the terms. -Not because we would be trying to find one or several sustainable solutions to the crisis of sovereign debt, but because such a process would cost too much to everybody (...)
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Opinion Decline in Eurozone growth set to continue into 2012
ING Investment Management is warning that a combination of fiscal austerity, a lingering debt crisis and a slow down in external demand will translate into a fall in Eurozone GDP growth from 1.7 to 1.0.
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Note Challenges for Europe’s banks
Even in the seemingly unlikely case that a comprehensive solution to the sovereign crisis is found, the changed regulatory backdrop is a major challenge for the banks, and probably for the economy as a whole.
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News The euro currency area has only a one-in-five chance of surviving in its current form
The euro currency area has only a one-in-five chance of surviving in its current form over the next 10 years because of competitive imbalances between its members, a leading British think tank said on Friday.
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Opinion European Crisis: Historic turning point for the European and Global Economy ?
The 26 and 27 October European Summit was followed by a spectacular rise in the Markets. Does this mark the historic turning point as some analysts would have us believe or is it simply some extra time won?
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Note What is penalizing the industrialized countries?
The dynamics of Western countries are inadequate because, two years after leaving the recession behind, their economies still seem unable to implement a sturdy, autonomous trajectory of growth, explains Philippe Waechter, chief economist at Natixis (...)
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Opinion Greece rescue - Behind the scenes
Debt rescheduling, monetary policies questioning and EFSF bond purchases in the secondary market. These are the key steps of a plan that should not significantly affect banks’ net income but rather spread economic losses over (...)
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Opinion Investors and sovereign debt: a love-hate relationship?
Rarely has the relationship of investors with sovereign debt been more ambivalent. The Western media tell us that we face a debt crisis, with debt-to- GDP ratios approaching 100%
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News Rumors were close to destroy the Société Générale
4 Billion losses related to ETFs, losses in its Greek subsidiary and ECB rescue amounting € 5 Billion...this is an anthology of the rumors that ran in the markets about Société Générale.
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Financial crisis Back on the true origins of the crisis
More than 4 years after the official start, now where everyone wonders how we will emerge from this ongoing crisis, let’s come back for a moment on the true origins.
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News
Greece: a possible lengthening of debt repayment -
November 2010
