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nakedcapitalism.com - 1/15/2009
Willem Buiter Argues Against Eurozone Breakup Worries
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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 ...
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 ...

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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

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

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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 ...

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