EFSF/ESM, no ECB Well it seems Germany has effectively blocked use of ECB for the time being, and the crisis is causing a move to firm up a pan-European governmental unit to back the currency. I… more →
Icliks Incomingwrote 6 months ago: Just to remind Efsf has 440 billions euro capability, Esm has 500 billions euro capability. It is ou … more →
wrote 7 months ago: Soeben wurde der Europäische Stabilitätsmechanismus (ESM) in Luxemburg aus der Taufe gehoben. Bei de … more →
wrote 8 months ago: As ZeroHedge have put it, Goldman Sachs were on the button when it came to Draghi’s announceme … more →
wrote 9 months ago: It looks to be a matter of weeks before the ESFS and ESM get a banking license and then its just a m … more →
wrote 11 months ago: I’ve tried my best to ignore all European news and hysteria in the past couple of years. It … more →
wrote 1 year ago: … were Ireland to apply for a second bail-out prior to July 1st 2013, it would be granted if s … more →
wrote 1 year ago: After giving a serious blow to the European economy, the rating agency S&P increases its impact … more →
wrote 1 year ago: S&P downgrade the European Financial Stability Facility (EFSF) to ‘AA+’ from ‘ … more →
wrote 1 year ago: Das ist an Absurdität nicht mehr zu überbieten: Wer heute am Kapitalmarkt eine kurzfristige griechis … more →
wrote 1 year ago: In a move that might allow for the bailout of Spain or Italy, eurozone finance ministers are close t … more →
wrote 1 year ago: Now That Greece Is “Fixed,” Portugal Is Next US drones kill nearly 50 in single day —— … more →
wrote 1 year ago: After providing somewhat half-hearted coverage of the eurocrisis for months, focusing mostly on the … more →
wrote 1 year ago: I have had very light equity exposure for an extended period of time with periods of being net short … more →
wrote 1 year ago: In 2003, the Greek Prime Minister Costas Simitis had two special moments. First, he unveiled a … more →
wrote 1 year ago: The most important real near term news coming out of Europe will be the ECB rate decision tomorrow. … more →
wrote 1 year ago: LONDON SESSION EFSF runs into roadblocks This of course relates to whether or not the European autho … more →
wrote 1 year ago: By LEON WATSON EU leaders could pour tens of billions of euros into European banks to stop the euroz … more →
wrote 1 year ago: Germany is to vote September 29 on new European stability fund powers, just one of several big risk … more →
wrote 1 year ago: WASHINGTON – The European Central Bank will reintroduce its 12-month liquidity operations to h … more →