Recapitalisation is the word, but where’s the plan?
eurozone
Two analyst notes, one worrisome story
According to ACF, the total amount of debt purchased by the ECB has doubled since the beginning of August. “The ECB increased purchases of sovereign debt during the last week up to €13.960bn. This is comparing to the previous week’s €13.300bn. The total amount of debt purchased by the ECB has almost doubled in the last five weeks. Since the purchasing program began in May 2010 up until last August…
A week on Eurobonds
When all you can quote from those who apparently warm up to the prospect of euro zone’s bonds is this… “It’s imperfect and it would be difficult,” says Simon Tilford of the Centre for European Reform, a London think tank. “But it’s much less destructive, economically and politically,” than watching the euro collapse, he says. Although, that wouldn’t be accurate. There is this letter from the co-director at Coimbra Centre…