Fear of the day: Greece could run out of money tomorrow (I think it’s very unlikely)
Most attention has focused on Greece running out of money or missing a bond payment further down the road—in, say, June or in August. But saber rattling from Germany and the other remaining AAA-rated EuroZone members has raised the possibility that worst could come to worst tomorrow.
Rajoy tries fear to keep up support for Spain’s austerity program
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 a new election with increasing prospects that a “No to the bailout” coalition would win
A day after election-leader New Democracy said it couldn’t form a government, Alexis Tsipras, leader of the left-wing Syriza coalition, announced terms that pretty much guarantee that Syriza, which came in second in the election, won’t be able to form a government either.
Greek election promises new, deeper euro debt crisis by midsummer
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 back to center stage with Sunday’s election–will the country wind up with a government that’s too weak to keep the euro?
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...
EuroZone economies slow faster but China slows more slowly
For April the Purchasing Managers Indexes of manufacturing activity in the EuroZone and China passed each other headed in opposite directions.
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...Europe needs a Plan B to escape an even deeper crisis–but there is no Plan B
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...Italian and Spanish bond auctions go badly and the euro is up?
Perfect illustration of my “less bad” currency scenario today. The euro is up 0.33% against the dollar—despite disappointing news from Italian and Spanish bond auctions today—because the U.S. dollar is down—on a “feeling” that the Federal Reserve may say something tomorrow at the end of its two-day meeting that would increase the odds of a new program of quantitative easing.
And now it’s a Dutch crisis?
The Dutch coalition government of Prime Minister Mark Rutte tendered its resignation this morning to Queen Beatrix after the far-right Partij voor de Vrijheid (Freedom Party) of Geert Wilders refused to support plans for 16 billion euros in budget cuts needed to bring the country’s budget for 2013 into alignment with the EuroZone’s 3% budget deficit limit.
Saturday Night Quarterback says, For the week ahead expect…
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