Moody’s plays down Spain bailout expectations
Risk agency Moody’s analysts said in an interview that the probabilities of Spain asking for a rescue are less pressing than previously thought.
Markets
Mr Draghi disagrees with the world
MADRID | Will the ECB finally U-turn or would it sit as a quiet spectator while the US Federal Reserve and the Bank of Japan intervene with massive liquidity injections against the credit crunch?
Are Euro zone debt levels sustainable?
MADRID | Forcing peripheral economies to sacrifice growth leads nowhere except to future tempests should their debt sustainability come under suspicion once again.
Spanish SME’s special financial market will reach $1.3bn in 2014
MADRID | The newly created Alternative Fixed Income Market (MARFI, in its Spanish initials) for small and medium size enterprises (SME), that the government wants to have ready, could mobilize around 1 billion euros (1.3 billion dollars) within its first year of existence, says Axesor. The company, specialized in information and credit risk management, adds that the yield could stand somewhere between 6 and 10%.
Playing God with the US economy
WASHINGTON | Two online games posted in two regional Federal Reserve’s banks (San Francisco and Atlanta) enable us to forecast that the extremely accommodative US monetary policy will continue for a long period of time.
Should non-euro area countries join the SSM?
By Zsolt Darvas, Guntram B. Wolff | Bruegel Think Tank | Irrespective of the euro crisis, a European banking union makes sense, including for non-euro area countries, because of the extent of European Union financial integration. The Single Supervisory Mechanism (SSM) is the first element of the banking union.
The bull market nobody believes in?
WASHINGTON | Will the rally last? In theory, Investors Intelligence’s poll says no.
Love the Bank, Hate the Banker
Project Syndicate | By Raghuram Rajan | The bankers do not seem to have internalized a fundamental axiom of modern finance: risk emanates from the assets that a bank holds.
It’s the bank deposits, Jeroen Dijsselbloem!
MADRID | The problem is that some eurocrats seem unable to realise the consequences of their irresponsible talk when they land jobs on the top of the European pyramid.
Bye Goldman, bye Lehman!
NEW YORK | A double reminder of the American financial system burst was news today. On one hand, Warren Buffett earned a few hundred million dollars swapping his Goldman Sachs warrants for stocks of the company, maybe the single most lucrative bailout for a single investor. In a separate move, Lehman announced it is paying back more than $14 billion to its creditors