European Issues Continue to Make Headlines
The FT is reporting today that Portugal is under pressure from euro zone officials and policymakers to seek assistance from the €750bln ($1 trillion) bailout fund. The concern is that Spain is being brought into play by the contagion effect, and the hope is that plugging the Portugal problem may bring that contagion to a [...]
Euro Periphery Pressures Currency
The Euro has been under pressure during the last two trading sessions as issues with the periphery of the Euro zone have raised their heads. The euro periphery remains under pressure, despite a euro-positive outcome to the first round of the Greek elections, as concerns about Ireland’s financial system continue to mount. 10-year Irish yields [...]
Dichotomy in Europe
The premium Greece, Spain and Portugal pay over Germany on 10-year bonds is greater than it was when Europe announced their so-called 750 billion euro package. The true value was half as that when taking out the 250 billion euro that was said to come from the IMF but there was no commitment to give [...]
Euro dips on economic concerns
The Euro has taken a hit today, falling on concerns of economic recovery slowing down, right before the release of German unemployment and Euro-zone consumer confidence data. The Euro fell today to a 5 month low against the Pound Sterling to .8627, a level seen only in August 2009. It was down by around 90 [...]
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