Tag Archives: Sovereign Debt

French Protest for Debt Relief

Posted on October 14, 2012 by

We agree the world does need an international bankruptcy court for sovereign debt.  Complicated to implement, however.   Nevertheless,  clear rules on recourse for creditors and relief for borrowers would limit the economic damage of sovereign panics. Around the world protesters … Continue reading →

Posted in Sovereign Debt, Sovereign Risk | Tagged , , , | 1 Comment

Debt and the New World Order

Posted on March 21, 2012 by

The IMF does a good job interviewing Phillip Coggan, the columnist for the Economist, on his new book,  Paper Promises: Debt, Money, and the New World Order.  Good stuff! DEBT AND REFORM Debt Can Reshape Current Economic, Political Order—Coggan IMF … Continue reading →

Posted in Black Swan Watch, Commodities, Currency, Sovereign Debt, Sovereign Risk | Tagged , , , | Leave a comment

Greek Debt

Posted on February 8, 2012 by

(click here if debt is not observable)

Posted in PIIGS, Sovereign Debt, Sovereign Risk | Tagged , | 1 Comment

Merkel tells Davos that Europe must reform

Posted on January 25, 2012 by

(click here if video is not observable)

Posted in Black Swan Watch, Euro, Sovereign Debt, Sovereign Risk | Tagged , , | Leave a comment

What Eurozone Crisis?

Posted on January 19, 2012 by

Wow!  Check the moves in the large Eurozone bank stocks today and for the week.  And, unlike the U.S. market, on heavy volume.   Euro sovereign spreads are a bit tighter on the week with the exception of Portugal, which Standard … Continue reading →

Posted in Black Swan Watch, Euro, PIIGS, Sovereign Debt, Sovereign Risk | Tagged , , , , , | 2 Comments

Fareed Zakaria’s GPS: Krugman and Rogoff

Posted on January 17, 2012 by

Great exchange between Krugman and Rogoff on Fareed’s GPS yesterday.   Here’s the money rumble: FAREED ZAKARIA:  Paul, you had a column and a really striking graph, where you point out that if you’d asked yourself what has the market told … Continue reading →

Posted in Black Swan Watch, Economics, Fiscal Policy, Monetary Policy, Whales | Tagged , , , | 3 Comments

BNP Paribas Increases Reserves on Greece Exposure to 60%

Posted on November 2, 2011 by

BNP Pariabas,  Europe’s largest bank in terms of total assets,  took a €2.1 billion hit to earnings after increasing reserves on its Greece exposure to 60 percent,  up from 21 percent last quarter.  The European banks are finally getting serious, … Continue reading →

Posted in Black Swan Watch, Equities, Euro, PIIGS, Policy, Politics, Sovereign Debt, Sovereign Risk | Tagged , , , | Leave a comment

Holders of Sovereign Debt

Posted on September 20, 2011 by

Here’s a great chart just released by the International Monetary Fund.   Note that almost half — 47 percent –  of the US$14.7 trillion U.S. federal government debt is held by the Federal Reserve and the government itself, such as the … Continue reading →

Posted in Bonds, Fiscal Policy, PIIGS, Sovereign Debt, Sovereign Risk | Tagged , , , , , , , | 9 Comments

Get Them to the Greek (Writedowns) – IASB

Posted on August 29, 2011 by

Wow! Just came across this piece from the FT about the concerns of the International Accounting Standards Board  (IASB) of how European financial institutions have not reserved enough against potential credit losses on their Greece sovereign bond holdings.  Are these … Continue reading →

Posted in Black Swan Watch, Bonds, PIIGS | Tagged , , , , | 1 Comment

Sovereign Debt and Geriatric Deadbeats

Posted on July 18, 2011 by

In the spirit of our earlier post, The Clash of Generations, we point you to an interesting piece, Geiatric Deadbeats, written by Ali Alichi of the International Monetary Fund (IMF).   He argues the age of a country’s population is inversely … Continue reading →

Posted in Black Swan Watch, Demographics, PIIGS, Sovereign Debt, Sovereign Risk, State and Local Government | Tagged , , , , , | 3 Comments