Irish government falls and so do stocks and the euro
Support for the Irish government of Prime Minister Brian Cowen fell apart late yesterday after the Green Party said it would pull out of the ruling coalition. Cowen called for elections early in 2011. Think this made global financial markets happy?
No relief and no euro rally so far today
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...Ireland agrees to request a rescue package–details are rarer than Bud drinkers in Donegal
The challenge now will be producing enough progress on the details on a reasonable time table that the financial markets don’t begin to suspect that Sunday’s announcement was just ginned together for the markets’ benefit.
2011 now looks very different from just a few weeks ago
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...It’s a news-driven market in the short-term with news-driven volatility
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...My tighter time table for getting China and the euro back to “worried-as-usual”
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...Hot air won’t support the euro
An expression of confidence in Ireland from European finance ministers instead of an announcement of a concrete bailout for Ireland and its troubled banks is going to leave the euro vulnerable for a fall November 17. And to make matters worse, November 16, ended with a rather public airing of squabbles inside the monetary union.
China and euros and bears, oh my: How to think about today and when the water will be safe (or at least safer)
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...Will Ireland take a bailout deal before Greece implodes?
Why is the European Union so anxious to get an Irish deal done?Look to today’s news that the Greek budget is in worse shape than anyone thought—again. Revised numbers show that Greece’s 2009 deficit wasn’t 13.6% but actually 15.4% of GDP.