News Chinese rating agency Dagong downgrades the U.S rating
The Chinese rating agency Dagong Global Credit Rating Co. has downgraded last Thursday the credit rating of the United States to A +, on negative watch for possible downgrade. The agency had already downgraded the rating of France and (...)
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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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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 The never ending story
The fall-out from the Lehman default in 2008 should remind everybody that a negative feedback mechanism into other parts of the financial system and the real economy can create a negative-sum game for all parties (...)
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Note Sorting out the Greek issue
The aim of this short article is to set the ideas straight regarding the Greek situation. Several issues are considered, the first of which being that of economic growth. If the latter does not make any progress, it will be very difficult to reach public finance stability. (...)
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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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Stories The Greek crisis : the Danaides’ barrel ?
Back on the Greek saga or the largest bankruptcy in the 21st century without credit event trigger (to date). The succession of bailout plans shows that we do not simply resolve the insolvency of a country by emergency (...)
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Interview Jeremy Bell : « The rescue plans will not hamper the availability of liquidity to funds »
According to Jeremy Bell, business lawyer and associate at Ashurst in London, some firms are making sure that their euro deposits are in bank accounts located in strong Eurozone countries instead of accounts in weak (...)
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News Currency Swaps to hide Greek debt?
The general opinion that Goldman Sachs might have helped the Greek government to hide its debt through Currency Swaps, leaves one more than skeptical.....
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Opinion Ireland is not second Greece
According to irish economist Cathal Brugha, professor of University College of Dublin (UCD) School of Business, Ireland does not face a similar crisis like Greece
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Opinion Again and again the bank stress tests
Certainly it never ceases to write about the bank stress tests since it keeps getting more into banks; if proof were needed of the total lack of credibility of those made up to now
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Innovation The ECB announces 3 years refinancing measures !
The ECB has adopted a historic longer term refinancing measure to support bank lending and money market activity. It also decided to lower the threshold rating for certain securities as collateral ...
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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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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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Note The July – August 2011 market crash. Technical analysis and long term issues!
According to Jacques Ninet, head of research at UFG-LFP, it is obvious that the monetary European Union (an imperfect Trojan horse towards federalism) only gets half the job done when it comes to forging economic (...)
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News
Greece: a possible lengthening of debt repayment -
November 2010
