Category Archives: european contagion

Will Spain and Italy pay their debt in time?

A quick easy one to round out the morning, markets are starting to fret when it comes to Spanish and Italian debt. The chart above demonstrates the Spanish and Italian 5 year CDS from the recent bond auctions. From Reuters: … Continue reading

Posted in Debt and deficit in Europe, Europe debt problems, european contagion, Spanish debt, The Euro vs the world | Tagged , , , , | Leave a comment

Greece may sue U.S. – this is going to be good for confidence

Greece may sue US – this is going to be good for confidence.
Greece’s PM, George Papandreou has indicated that Greece may sue US banks for their role in creating the global financial crisis.

Saying that he “wouldn’t rule out that this (legal action) may be a recourse”, well, that can only be good for confidence. See the dow’s drop. Continue reading

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