Submit a Story!
Votes
topics:

vote down flag
nakedcapitalism.com - 1/15/2009
Willem Buiter Argues Against Eurozone Breakup Worries
—
Predicting the demise, or at least the marginalization of the euro is a popular pastime for some writers (Ambrose Evans-Pritchard of the Telegraph, one of our favorite deflationistas, engages in occasional euro-bashing). Similarly, quite a few investors I know think the euro has no hope of ...

Blog Reactions

EconomPic:  Help Jake Understand: Is a Breakup of the Eurozone Likely?

blogs.ft.com - 1/15/2009
Sovereign default in the eurozone and the breakup of the eurozone: Sloppy Thinking 101
— blogs.ft.com — A recent (January 13, 2009) column in the Financial Times by John Authers provides a good example of a logical slip on the banana peel of an alleged link between the external value of the euro, the likelihood of the eurozone breaking up and sovereign ... (more) Sovereign default in the eurozone and the breakup of the ...

Comments vote down naked capitalism found this 1/15/2009found this
Trichet May Overcome Reluctance to Cut Rates as Slump Deepens
bloomberg.com - 1/15/2009
Trichet May Overcome Reluctance to Cut Rates as Slump Deepens
— bloomberg.com — Jan. 15 (Bloomberg) -- The European Central Bank will cut interest rates today to counter the deepening recession, even after President Jean-Claude Trichet signaled a reluctance to move this month, a survey of economists shows. ECB policy makers ... (more) Trichet May Overcome Reluctance to Cut Rates as Slump ...

Comments vote down Trader Daily Combined Feed found this 1/15/2009found this
traderdaily.com - 1/15/2009
ECB To Cut Rates
— traderdaily.com — ECB policy makers meeting in Frankfurt will lower the benchmark lending rate by half a percentage point to 2 percent, according to the median of 60 forecasts in a Bloomberg News survey. That would match the lowest rate since the ECB took charge of ... (more) ECB To Cut Rates

Comments vote down Emini Addict found this 1/15/2009found this
Comments
Blog Reactions

Help Jake Understand: Is a Breakup of the Eurozone Likely?
EconomPic — ... on foreign financing have collapsed Spanish housing and consumer spending booms and sent unemployment to the highest rate in the European Union at 13.4 percent in November. S&P saw the risk of prolonged weak growth after the Spanish economy entered its first recession in 15 years during the fourth quarter. Counter-Point (no breakup) The counter-argument comes from William Buiter (hat tip Naked Capitalism): Three issues are being linked in this passage. The emergence of high levels ...

Related Content
Willem H. Buiter Says 'Good Banks' Are the Cost Effective Way Out of the Financial Crisis
online.wsj.com 2/21/2009 — WILLEM H. BUITER Treasury Secretary Tim Geithner's bank rescue -- the Financial Stability Plan (FSP) -- has been poorly received by the markets. My proposal last month to create brand new "good banks" with the limited taxpayer resources available is ...
Bring On The Quantitative Easing, And Bring It On Now (Wonkish)!
eurowatch.blogspot.com 3/6/2009 — by Claus Vistesen and Edward Hugh Most sports coaches - irrespective of whether they work in soccer, baseball, rugby or even American football - have playbooks; small books or pads filled with notes, decision rules and strategies for each and every possible situation they can envision. Of ...
Bring On The Quantitative Easing, And Bring It On Now (Wonkish)!
fistfulofeuros.net 3/6/2009 — by Claus Vistesen and Edward Hugh Most sports coaches - irrespective of whether they work in soccer, baseball, rugby or even American football - have playbooks; small books or pads filled with notes, decision rules and strategies for each and every possible situation they can envision. Of ...
Quantitative Easing at the ECB - Not Yet in the Playbook
globaleconomydoesmatter.blogspot.com 3/5/2009 — by Claus Vistesen and Edward Hugh Most sports coaches - irrespective of whether they work in soccer, baseball, rugby or even American football - have playbooks; small books or pads filled with notes, decision rules and strategies for each and every possible situation they can envision. Of ...
ECB Shells Out €1,437 Per Eurozone Citizen to Banks
prudentinvestor.blogspot.com 6/24/2009 — If your small-time loan you need for your kid's bracelets is denied by your bank's customer representative, you have every right to go berserk. The European Central Bank (ECB) came up with one of their ominous "innovations" on Wednesday that essentially is nothing else than a new form to print ...
ECB refi rate to hit new record low, other steps eyed (Reuters)
news.yahoo.com 3/31/2009 — Reuters - The European Central Bank is expected to cut its main interest rate to a new record low of 1 percent on Thursday and step up efforts to boost the flow of funds from banks to euro-zone companies and households.
Eurozone Unemployment At Record Highs; Private Sector Lending Drops First Time Ever
globaleconomicanalysis.blogspot.com 6 days ago — For all the cheering about the recovery one might think actual jobs were being created or bank lending was increasing. Neither is true in the US or the Eurozone. About a month ago the Sydney Herald reported Eurozone private sector lending almost ...
Run For the Hills: ECB Will Debut at the Monetizing-the-Debt Party
prudentinvestor.blogspot.com 5/8/2009 — A spontaneous warning first: Don't fall for the calming words from the Eurozone's central bankers while they place orders for a fleet of monetary helicopters that will shower freshly created fiat money across the European monetary union. On Thursday the European Central Bank (ECB) dropped a ...
Time to do the Humpty Dance?
macro-man.blogspot.com 11/21/2008 — Today may, in the fullness of time, be seen as a key turning point for financial markets in 2008 and beyond. Not because of any particular market price action or earnings announcement, though both could perhaps be meaningful. No, the font of ...
The ECB "Buys Into" Spanish Property
globaleconomydoesmatter.blogspot.com 5/14/2009 — by Edward Hugh: Barcelona “The 60 billion euros they announced is peanuts for an economy the size of the euro zone,” economics professor and former Bank of England policy maker Willem Buiter said at a conference in Dublin yesterday. “I expect they will announce more or that the recession in ...