Stress test
On a brighter note, we think the European stress tests are actually quite positive. We read many complaints that about not including possible effects of sovereign debt crisis, but we […]
Market is overreacting
The stories about Europe’s demise are highly overblown…
The mother of all moral hazard problems
The true meaning of ‘lender of the last resort’…
Europe buys time
But more needs to be done, especially in Spain…
This is what needs to be done
Ball in the court of the ECB, but not only them..
A primer on the European end game
This is like chess, with less variants..
Not even a relief rally…
At least not in the euro (and we doubt it’s anywhere else). Pretty worrying, this…
In a race against time
Some time has been won with what seems like a ‘massive attack’..
Meanwhile, in Greece…
Austerity measures proposed. Is it enough? Well…