Tag Archives: EFSF

3 Accounts of Euro-Zone Crisis Management

If you are interested in EU integration and if you’ve been following the Euro-Zone crisis for the last 5 years, then last  week would have definitely registered the publication of the following blog post by Peter Spiegel on the FT’s Brussels … Continue reading

Posted in A € for your Thoughts, ECB, European History, European Integration, European National Politics, Finance, Media Coverage, Sovereign debt Crisis, Visions of the Political Future of Europe | Tagged , , , , , , , , , , , , , , , , | Leave a comment

Weekly Bond Yield developments in the Euro Area (W13.2012): Spain and EFSF/ESM reform – But what about Italy?

Once again, please find below the most recent developments in selected Euro-Zone sovereign bond markets. You may notice that there’s a change from previous versions. For the sake of facilitating the comparison across  maturities these are all presented in the … Continue reading

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Euro-Zone Sovereign Debt Crisis Scenario Analysis – Quantifying Scenarios’ Risk

This post is based on a previous attempt to peek into the future. Having discussed the economic, political and social risks before EU Member States, as well as their consequences, I now turn my attention to the probabilistic quantification of … Continue reading

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ECB Market Intervention: The Securities Market Programme (SMP)

Update: As of September 6th, 2012, the SMP was discontinued and the assets held in its accounts were transferred assimilated by the Outright Monetary Transactions (OMT) accounts. For a preliminary assessment of the OMT, please check this blog post. Otherwise, … Continue reading

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Latest Developments in Greek PSI Talks: Back to a War of Attrition?

Following last week’s confusion and in light of the approaching maturity of €14.5 Bn Greek sovereign bonds, I take the next lines to consider the developments in the ongoing Greek fiscal crisis. I begin with an overview of the events leading … Continue reading

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The latest Franco-German Agreement: Is it enough?

So France and Germany reached what was hailed as yet another “comprehensive agreement” on the reform of the Eurozone fiscal policies. In my opinion this wasn’t that comprehensive an agreement. It was only the last of such several steps since … Continue reading

Posted in Current Events, ECB, Euro-zone Update, European Integration, Sovereign debt Crisis, Uncategorized, Weekly Bond Yield developments in the Euro Area | Tagged , , , , , , , , , , , , , | 3 Comments

Barroso’s Speech: European Orthodoxy, Legislative Proposals and Punching the Chinese

Jose Manuel Barroso, President of the European Commission, gave a speech to the Konrad Adenhaur Foundation (video extracts/full transcript), on the state of the EU. I am not in the habit of following every speech made by EU leaders. There … Continue reading

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Thank you Mr Bini Smaghi, but Fiscal Federalism is not Centralisation…

As I mentioned in an earlier post, Mr Lorenzo Bini Smaghi recently gave a speech where he addressed the issue of European Fiscal Union, at length. That post gave a pure report of the speech and made no efforts to … Continue reading

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Euro Update(18): Portugal in the dangerous month ahead

I mentioned that the Portuguese  Finance Minister wasn’t very happy with the result of the meeting of Eurozone finance ministers that took place on Monday. I’m putting my money on the fact that the vote of no confidence scheduled for … Continue reading

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Euro Update(17): Eco-Fin Council – From EFSF to EMS and Portugal

If we are to believe the reports coming out of Monday night’s meeting of eurozone Finance ministers, the metaphorical ball is rolling on the negotiations of the permanent version of the EFSF. According to the FT , the parties agreed … Continue reading

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