Opportunities in smallcaps header image 2

European problems not healing

August 17th, 2010 · No Comments

Germany marching on, but this leaves the gap for the fringe even larger…
We said at the time that the EU/IMF rescue package has bought time. Within a few years (at most), we really need to see significant improvements in the PIIGS performance. No such improvement yet, actually, quite the contrary…

From The Pragmatic Capitalist


17 August 2010 by TPC 2 Comments

The usual suspects don’t appear to be healing in Europe.  CDS spreads continue to widen throughout much of Europe despite the Herculean measures taken on by the ECB.   As we mentioned last week, things appear to be getting worse in many countries across the region….Will the markets continue to sit by idly as it appears increasingly obvious that the austerity measures are not the quick fix everyone assumed them to be?  Or is this just a shot across the bow?


Source: CMA

Tags: Sovereign debt crisis