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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Reading Exit the Euro ? A dangerous idea
The Eurozone, undergoing a test of fire is rocking Europe both financially and economically. The Economist Evariste Lefeuvre proposes to a large audience a dispassionate analysis of the single currency crisis to be viewed in a positive and completely neutral (...)
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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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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 Greece rescue plan: The resurgence of structured finance?
The Greek rescue plan, suggested by a consortium of banks led by BNP Paribas, praises the techniques of structured finance, with this time the politicals’ blessing...
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Strategy Nordic Sovereign bonds, the last safe investment in Europe?
The yield of the Swedish 10 year notes fell to a new historical low. A move which indicates that Sweden is viewed by Investors as a new hedge…
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Opinion How long will Eurobonds be set aside?
The introduction of Eurobonds which is collectively supported by all Eurozone members has been presented as a means of reducing the burden of the countries impacted by the sovereign debt crisis. This is not the opinion of German authorities for the time being…for how (...)
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Note Scenarios for Public Sector Debt
The evolution of public sector debt depends on a number of economic variables and how they interact. Within the Eurozone, German and French debt looks sustainable while Italy, Portugal and Ireland appear borderline.
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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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Kiosk Understanding the eurozone crisis and its various facets
The current crisis is multiple. Initially sovereign and financial, it then became a social and political crisis. These changes do not facilitate the assessment of the situation, let alone the implementation of solutions. Back on the various facets of the (...)
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Opinion The Financial Crisis 2008 - 2011 : repetitions
We have exhausted our recourse to borrowing. Other ways must be found if we want to avoid general bankruptcy
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News IMF experts believe European banks heavily undercapitalized!
Christine Lagarde and her team believe that European banks could need € 200 billion...
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Opinion Today’s European country in the sovereign debt crisis spotlight is…France
Russell Investments’ Chief Investment officer – Client Investment Strategies Erik Ristuben explains why the European sovereign debt crisis is spilling over into France
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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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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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News
Greece: a possible lengthening of debt repayment -
November 2010
