offshore44
September 09, 2010, 18:59
It seems that the Euro-zone sovereign debt and banking issues aren't as handled as we were led to believe.
Link (http://www.telegraph.co.uk/finance/newsbysector/banksandfinance/7990228/Ireland-breaks-up-Anglo-Irish-as-EMU-debt-jitters-return.html)
The Anglo-Irish bank is going to be broken up into two entities. One will be a stable depositor bank and the other will have the "bad assets". The bank with the bad assets will be liquidated.
Greece is having issues with their austerity program. The government is being reshuffled, with more control going to the populist party(s?).
Default swap spreads are increasing again for the usual suspects over the German Bund...(now including Belgium?)
Interesting that the MSM won't touch these stories. You have to go to the European press for them.
I also read that the stock valuations for Visa and Mastercard are sinking again. Interesting indeed...
Link (http://www.telegraph.co.uk/finance/newsbysector/banksandfinance/7990228/Ireland-breaks-up-Anglo-Irish-as-EMU-debt-jitters-return.html)
The Anglo-Irish bank is going to be broken up into two entities. One will be a stable depositor bank and the other will have the "bad assets". The bank with the bad assets will be liquidated.
Greece is having issues with their austerity program. The government is being reshuffled, with more control going to the populist party(s?).
Default swap spreads are increasing again for the usual suspects over the German Bund...(now including Belgium?)
Interesting that the MSM won't touch these stories. You have to go to the European press for them.
I also read that the stock valuations for Visa and Mastercard are sinking again. Interesting indeed...