Add Italy to your list of Global Debt Bomb worries–maybe it should be at the top of the list
The last thing global financial markets need right now is another Euro Crisis. But that could be what Italy is about to put in motion
Greece will make its next 750 million euro payment to its creditors tomorrow
Today, May 11, the Greek government is reporting that it will make a 750 million euro payment due to the International Monetary Fund tomorrow, May 12, by the deadline. That leaves Greece facing a terrifying payment schedule of another 1.5 billion euros to the IMF in June, 3 billion euros to the European Central Bank in July, and another 3 billion euros to the ECB in August.
Greece gets a few days of breathing room
Today, May 6, the European Central Bank threw Greece a very thin lifeline by extending an extra 2 billion euros in emergency liquidity to Greek banks
European bond markets finally start to worry about the Greek debt crisis
To subscribe to JAM you need to fill in some details below including, ahem, some info on how you'll pay us. A subscription is $199 (although if you're subscribing with one of our special offers it will be lower) for a year for ongoing and continuing access to the...Greece and Germany dig in
Germany and its austerity allies in the Netherlands and Finland have fired warning shots designed to head off any effort by the new Greek government of Alex Tsipras to reverse budget cuts and other measures initially put in place to win the 240 billion euro ($270 billion) bailout program for Greece.
Saturday Night Quarterback says, For the week ahead expect…
To subscribe to JAM you need to fill in some details below including, ahem, some info on how you'll pay us. A subscription is $199 (although if you're subscribing with one of our special offers it will be lower) for a year for ongoing and continuing access to the...Greece moves closer to setting off another euro crisis but how wide will it be this time?
Today’s vote in the Greek parliament ended with the government short of the votes it needed to avoid elections in January. The opposition Syriza party, which wants to renegotiate the bailout, leads in opinion polls.
Which is important since Syriza opposes the austerity measures imposed by the country’s creditors in exchange for a $305 billion bailout package.
Drops in industrial output in France and Italy magnify worries started by one Portuguese bank
Thanks to really terrible economic numbers out of France and Italy it was easy for troubles at one Portuguese bank to revive fears about slumping economic growth for pretty much every EuroZone country outside of Germany. For France industrial output fell 1.7% in May from April. In Italy industrial output dropped 1.2%
Just when you thought you were out, EuroZone debt worries pull the market back in
Today U.S. and EuroZone stocks and EuroZone bonds are down on a report that the parent company of Portugal’s Banco Espirito Santo, the country’s second largest lender, had missed a debt payment. Those reports have revived fears about growth and debt levels for Portugal and other troubled EuroZone countries
Worries about Euro Parliament elections send euro down and Italian and Spanish bond yields up
To subscribe to JAM you need to fill in some details below including, ahem, some info on how you'll pay us. A subscription is $199 (although if you're subscribing with one of our special offers it will be lower) for a year for ongoing and continuing access to the...More euro debt drama–this time from France
Now that EuroZone finance ministers have finally approved the next payout to Greece, it looks like the Greek crisis is about to be replaced by the French crisis with an Italian crisis just offstage—and a renewal of the Greek crisis quite possible this summer.
