They need how much? Eurozone economies face their biggest refinancing job ever in 2011
Anyone hoping that turning the calendar page to 2011 will mean the end of the euro debt crisis can’t take any comfort in these numbers: Eurozone countries will have to refinance or repay $740 billion in 2011, according to Italian bank Unicredit. That’s roughly $60...Has Santa Claus settled in on Wall Street? Certainly today optimism from Goldman Sachs outweighed the euro crisis
For the day Goldman Sachs and strong U.S. retail sales and housing numbers trumped disappointment over a tepid response to the euro debt crisis from the European Central Bank. This morning Goldman Sachs raised its rating on U.S. financial stocks to overweight and...Well that sure worked–the euro debt crisis moves to Spain and intensifies
The financial markets have started to do the math they should have done six months ago, and they don’t like what they’re seeing: The European Union’s much vaunted financial backstop fund might not have enough money to rescue Spain, the numbers argue. That’s because...Will the euro band-aids stick this time?
Another weekend, more band-aids. Will the latest round succeed in convincing financial markets that the bleeding in the euro has stopped when earlier applications have failed? The results this morning are mixed. The extent of this round is impressive. First, of...The Euro Zone gets desperate to push Ireland into a bailout deal
Take this bailout money, please. The European Union is so anxious for Ireland to take a bailout package that it’s offered to sweeten the deal. The Irish government so far has said it doesn’t need a bailout yet since the government debt is funded through mid 2011. And...Jim’s Daily Email Alerts:
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