tag:blogger.com,1999:blog-1416017525367956968.post1387741620737242503..comments2023-08-12T08:58:49.921-04:00Comments on Vikram R Chari's Blog: The European Contagion - spreads as expected.Vikram R Charihttp://www.blogger.com/profile/10664468957668937180noreply@blogger.comBlogger36125tag:blogger.com,1999:blog-1416017525367956968.post-65964019469547001642011-09-06T10:55:33.476-04:002011-09-06T10:55:33.476-04:00UBS: Euro break-up - the consequences http://bit.l...UBS: Euro break-up - the consequences http://bit.ly/oajsgmVikram R Charihttps://www.blogger.com/profile/10664468957668937180noreply@blogger.comtag:blogger.com,1999:blog-1416017525367956968.post-4184002341680187692011-09-06T10:45:33.384-04:002011-09-06T10:45:33.384-04:00Some European countries may have to be excluded fr...Some European countries may have to be excluded from the euro-zone to make the union more sustainable http://econ.st/qxUmRhVikram R Charihttps://www.blogger.com/profile/10664468957668937180noreply@blogger.comtag:blogger.com,1999:blog-1416017525367956968.post-31513851633947491392011-08-03T16:05:24.833-04:002011-08-03T16:05:24.833-04:00EconBizFin: Chart: Soaring Spain/Italy bond spread...EconBizFin: Chart: Soaring Spain/Italy bond spreads: the euro zone's "out-patients" get sicker $ECB http://ow.ly/5UrYL - The Economist.Vikram R Charihttps://www.blogger.com/profile/10664468957668937180noreply@blogger.comtag:blogger.com,1999:blog-1416017525367956968.post-3377096741325993172011-08-02T12:04:48.387-04:002011-08-02T12:04:48.387-04:00Reuters Analysis: Worsening euro crisis may force ...Reuters Analysis: Worsening euro crisis may force bigger rescue fund http://reut.rs/rfcv9mVikram R Charihttps://www.blogger.com/profile/10664468957668937180noreply@blogger.comtag:blogger.com,1999:blog-1416017525367956968.post-90867704255339222772011-08-02T11:40:29.848-04:002011-08-02T11:40:29.848-04:00Spain debt fears reach new record http://bbc.in/n7...Spain debt fears reach new record http://bbc.in/n77k0LVikram R Charihttps://www.blogger.com/profile/10664468957668937180noreply@blogger.comtag:blogger.com,1999:blog-1416017525367956968.post-68231484776559903882011-07-18T12:28:06.299-04:002011-07-18T12:28:06.299-04:00EU bank stress tests missing sovereign defaults fa...EU bank stress tests missing sovereign defaults fail to convince analysts | http://bloom.bg/mWp7xIVikram R Charihttps://www.blogger.com/profile/10664468957668937180noreply@blogger.comtag:blogger.com,1999:blog-1416017525367956968.post-73146451999415980492011-07-06T10:52:21.930-04:002011-07-06T10:52:21.930-04:00From the Economist -
A chart showing the yields ...From the Economist - <br /><br />A chart showing the yields on 10-year Greek debt over the past three months. The pattern?<br /><br />There's a spike, followed by a decline, followed by a higher spike, followed by a decline to a higher trough, and so on. European leaders keep taking steps to avert disaster, and each time markets are less assuaged.<br /><br />The latest spike corresponds to the stalemate over the IMF's willingness to continue making bail-out payments without a new, long-term rescue package in place (and the corresponding disagreement over how to rollover Greek debt, plus the drama surrounding the passage of Greece's new austerity plan). The IMF agreed to keep paying, French and German banks seemed willing to sign on to a rollover plan, and Greece got its new austerity programme through parliament. But it wasn't long before trouble kicked up again.<br /><br />Moody's and Standard and Poor's have both suggested that the agreed-upon rollover plan might well constitute a default. Since that's precisely the outcome European leaders were hoping to avoid, this news has sent everyone scurrying to come up with a new and better deal. Meanwhile, Moody's has cut Portugal's debt rating to junk. Portugal may well need a new rescue package, which will surely include debate over the fate of creditors, which will mean more questions about bank finances and more brinksmanship. And the European economy continues to slow, even as the European Central Bank continues to tighten policy.<br /><br />I don't know that there's any broad lesson here, other than: for all the steps already taken by European leaders, the euro zone hasn't really gotten any closer to solving the underlying issues of insolvency and institutional weakness.Vikram R Charihttps://www.blogger.com/profile/10664468957668937180noreply@blogger.comtag:blogger.com,1999:blog-1416017525367956968.post-72504331522969469242011-07-04T07:54:15.964-04:002011-07-04T07:54:15.964-04:00S&P warning adds default threat to Greece'...S&P warning adds default threat to Greece's bailout http://reut.rs/k2ItgbVikram R Charihttps://www.blogger.com/profile/10664468957668937180noreply@blogger.comtag:blogger.com,1999:blog-1416017525367956968.post-70249350943992626222011-07-04T07:52:35.776-04:002011-07-04T07:52:35.776-04:00Greece needs Herculean reforms to secure bailout: ...Greece needs Herculean reforms to secure bailout: http://tgam.ca/Cd2bVikram R Charihttps://www.blogger.com/profile/10664468957668937180noreply@blogger.comtag:blogger.com,1999:blog-1416017525367956968.post-6553327267922774722011-07-03T11:58:34.909-04:002011-07-03T11:58:34.909-04:00Euro zone warns Greeks on sovereignty and privatiz...Euro zone warns Greeks on sovereignty and privatization - http://reut.rs/k0z0TV <br />(Reuters) - Euro zone finance ministers have approved a 12 billion euro ($17.4 billion) installment of Greece's bailout, but signaled that the nation must expect significant losses of sovereignty and jobs.<br />This is what will happen if countries go on an unbridled incautious path of "growth to nowhere". <br /><br />This is a warning to other potential Eurozone countries - Portugal, Ireland, Spain......Vikram R Charihttps://www.blogger.com/profile/10664468957668937180noreply@blogger.comtag:blogger.com,1999:blog-1416017525367956968.post-78382451818775795902011-06-19T20:59:06.327-04:002011-06-19T20:59:06.327-04:00June 19, 2011 - Europe fails to agree on Greek aid...June 19, 2011 - Europe fails to agree on Greek aid payout http://bloom.bg/mTaU2RVikram R Charihttps://www.blogger.com/profile/10664468957668937180noreply@blogger.comtag:blogger.com,1999:blog-1416017525367956968.post-24124047901502798312011-06-13T12:45:12.494-04:002011-06-13T12:45:12.494-04:00Greek debt downgraded by S&P http://ow.ly/1tKo...Greek debt downgraded by S&P http://ow.ly/1tKozBVikram R Charihttps://www.blogger.com/profile/10664468957668937180noreply@blogger.comtag:blogger.com,1999:blog-1416017525367956968.post-17656082616939170582011-06-03T13:54:26.044-04:002011-06-03T13:54:26.044-04:00EU, IMF Say Greece Likely to Get Next Tranche of A...EU, IMF Say Greece Likely to Get Next Tranche of Aid by Early JulyVikram R Charihttps://www.blogger.com/profile/10664468957668937180noreply@blogger.comtag:blogger.com,1999:blog-1416017525367956968.post-65494601979859649632011-06-03T07:35:15.967-04:002011-06-03T07:35:15.967-04:00New Greece aid package 'agreed' http://bbc...New Greece aid package 'agreed' http://bbc.in/k26nuQVikram R Charihttps://www.blogger.com/profile/10664468957668937180noreply@blogger.comtag:blogger.com,1999:blog-1416017525367956968.post-52515432148467397972011-06-02T10:25:12.637-04:002011-06-02T10:25:12.637-04:00Greece to present new austerity plan after Moody&#...Greece to present new austerity plan after Moody's cut its credit rating deep into junk territory http://t.co/ZyYCYZKVikram R Charihttps://www.blogger.com/profile/10664468957668937180noreply@blogger.comtag:blogger.com,1999:blog-1416017525367956968.post-46515466424782323602011-05-25T08:22:53.811-04:002011-05-25T08:22:53.811-04:00Greece's 100 billion-euro shadow over banks ht...Greece's 100 billion-euro shadow over banks http://reut.rs/mem4RmVikram R Charihttps://www.blogger.com/profile/10664468957668937180noreply@blogger.comtag:blogger.com,1999:blog-1416017525367956968.post-78387526111650133822011-05-23T14:01:35.281-04:002011-05-23T14:01:35.281-04:00Euro contagion fears hit Spain and Italy: Worries ...Euro contagion fears hit Spain and Italy: Worries over contagion spread to Europe’s equity markets, with stock markets falling http://on.ft.com/lfKwFCVikram R Charihttps://www.blogger.com/profile/10664468957668937180noreply@blogger.comtag:blogger.com,1999:blog-1416017525367956968.post-45981355269352064952011-05-20T18:31:05.962-04:002011-05-20T18:31:05.962-04:00IMF approves €26-billion loan for Portugal: http:/...IMF approves €26-billion loan for Portugal: http://tgam.ca/C1TTVikram R Charihttps://www.blogger.com/profile/10664468957668937180noreply@blogger.comtag:blogger.com,1999:blog-1416017525367956968.post-56457908791465142432011-05-14T13:39:52.834-04:002011-05-14T13:39:52.834-04:00Europe's debt crisis is a year old and no clos...Europe's debt crisis is a year old and no closer to being solved http://econ.st/mau28mVikram R Charihttps://www.blogger.com/profile/10664468957668937180noreply@blogger.comtag:blogger.com,1999:blog-1416017525367956968.post-22116959154590380022011-05-13T18:13:10.777-04:002011-05-13T18:13:10.777-04:00IMF in eurozone contagion warning http://bbc.in/if...IMF in eurozone contagion warning http://bbc.in/ifdeVL I.M.F. Warns Europe’s Debt Crisis Could Still Spread http://nyti.ms/m2IyjnVikram R Charihttps://www.blogger.com/profile/10664468957668937180noreply@blogger.comtag:blogger.com,1999:blog-1416017525367956968.post-5684272409398293512011-05-09T18:19:51.477-04:002011-05-09T18:19:51.477-04:00Greece's credit rating cut by S&P; euro ga...Greece's credit rating cut by S&P; euro gains pared http://ow.ly/1sSr87 Ratings agencies hammer Greece in EU chaos http://t.co/7tLqvNfVikram R Charihttps://www.blogger.com/profile/10664468957668937180noreply@blogger.comtag:blogger.com,1999:blog-1416017525367956968.post-47778788178001813042011-05-08T15:56:28.089-04:002011-05-08T15:56:28.089-04:00http://tinyurl.com/3pob8b8 - Debt Rising in Europe...http://tinyurl.com/3pob8b8 - Debt Rising in Europe - Interactive NY Times Map.Vikram R Charihttps://www.blogger.com/profile/10664468957668937180noreply@blogger.comtag:blogger.com,1999:blog-1416017525367956968.post-64902183965027020542011-05-07T07:36:39.786-04:002011-05-07T07:36:39.786-04:00Interactive Map: Debt Rising in Europe http://ow.l...Interactive Map: Debt Rising in Europe http://ow.ly/1sQJYiVikram R Charihttps://www.blogger.com/profile/10664468957668937180noreply@blogger.comtag:blogger.com,1999:blog-1416017525367956968.post-67877533013371788142011-05-06T12:25:49.556-04:002011-05-06T12:25:49.556-04:00Reuters FLASH News - Greece raises possibility of ...Reuters FLASH News - Greece raises possibility of leaving euro zone and reintroducing own currency -reportVikram R Charihttps://www.blogger.com/profile/10664468957668937180noreply@blogger.comtag:blogger.com,1999:blog-1416017525367956968.post-40735364349341454052011-05-05T16:43:23.569-04:002011-05-05T16:43:23.569-04:00Portugal 'to sink into recession' http://b...Portugal 'to sink into recession' http://bbc.in/kRgGiAVikram R Charihttps://www.blogger.com/profile/10664468957668937180noreply@blogger.com