Another Sad Picture From The Euro Area
No one, not even Germany, is doing good at the moment in the Euro Area: economic and political issues are threatening the invisble €-recovery Whatever Brussells is doing, it’s not working at all: Note that…
Portugal
European Default ? The Market Has A Different Opinion
The decline in European CDS has been really sharp starting from the day the ECB promised a new LTRO for the end of 2014, but is this trust justified or are we seeing an excess…
Portugal: That “Little Tiny Debt Problem”
When you look at Portuguese debtor position, you easily realize that you’re looking at something that is even worse than the Italian situation for Euro Area, how can investors possibly trust Portugal ? Easy: they…
The endless pain: how economic crisis is destroying Europe
Using IMF data, we can easily understand how the ongoing economic crisis in Europe is destroying our continent: will the suffering ever end ? And will we ever go back to the old days ?…