sovereign debt
sovereign debt Articles
Markets widely interpreted Germany’s recent agreement permitting the European Financial Stability Fund (EFSF) and the European Stability Mechanism (ESM) to purchase Eurozone sovereign debt as a...
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Currency traders really don’t like governments to intervene in the global currency market. Such moves tilt the playing field in unexpected ways that can cause traders to unwind positions that would...
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Italy’s sovereign debt trails only the US and Japan in size. For a relatively small nation with debt totaling 120% of GDP, $2.2 trillion in debt is a big deal. Yesterday’s action on the Milan...
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The Greek government has begun to float the trial balloon of a lengthened period over which it repays its 110 billion euro bailout loans. Greek Finance Minister Georges Papaconstantinou once again...
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Austerity Watch Daily covers critical news about national sovereign debt, Credit Default Swaps, state and municipal deficit actions, and discussions about the US deficit and debt. Here are some...
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Downgrades, sovereign interest rates, contagion, defaults, and loan guarantees. These terms swirl around Europe each time the debt of a nation is cut by a rating agency as Greece’s was by...
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Moody’s downgraded Greece’s government bond ratings to B1 from Ba1 and said its outlook for the sovereign paper was “negative.” The drop was three notches, an unusual move for a credit...
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Standard & Poor’s reported that it had lowered its long-term sovereign credit ratings on Japan to ‘AA-‘ from ‘AA’. At the same time, S&P affirmed the ‘A-1+’short-term sovereign...
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There is a broad expectation that contagion will rise as Ireland is bailed out by EU nations and the IMF. Much like Greece, Ireland could not afford to finance its debt. Fears about default became...
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EuroStat, the statistics bureau of the EU, reports a sharp increase of both the region’s deficit to GDP ratio and debt to GDP ratio calculated for last year. “In 2009, the government deficit...
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The balance of power in Europe is simple. Germany is the largest nation by GDP. It is also the healthiest economy in the region, driven by intelligent industrial and labor policy and robust exports....
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Moody’s may take away Spain’s Aaa rating this week, according to a media reports. The Anglo Irish bank was downgraded due to concerns about risk. The cost of insurance against the debt of the...
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The will of the Spanish to hold to their austerity plan has begun to be questioned. The nation’s finance minister, Elena Salgado, will present her budget for the next year shortly. Capital markets...
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In a world where the value and risks of sovereign debt is being constantly threatened, one of the world’s oldest nations will keep its Aaa rating. Moody’s announced that “Despite a weak...
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