The Big Problem With Europe’s Reverse Debt Crisis

  Analysts have been wowed by the dramatic decline in borrowing costs for core European countries—Germany, France, Belgium, the Netherlands, and Austria—at the same time as yields on Spanish and Italian bonds soar out of control. But this is really

The IMF Published This Cryptic Statement On Greece Following Yesterday’s Der Spiegel Bombshell

  The IMF has said that it will meet with Greek officials later this week to get the country’s economic program “back on track.” This statement comes in the wake of yesterday’s bombshell Der Spiegel article alleging that the IMF will not

This Ex-IMF Economist Probably Won’t Be Asking Christine Lagarde For A Recommendation

  flickr / MEDEF Christine Lagarde “After twenty years of service, I am ashamed to have had any association with the Fund at all,” wrote Peter Doyle an ex-economist for the International Monetary Fund.   The line comes from a letter that

Gov’t, troika in tug-of-war over layoffs

The insistence of Greece’s international creditors, the European Central Bank, European Commission and the IMF — known as the troika — on public sector layoffs is leading to a tug of war with the government, which is focusing on the

Greek program needs redesigning, says PIMCO CEO

      By Tom Ellis Greece should take up the issue of separating the 50 billion euros that went toward recapitalizing the country’s banks from the country’s public debt with its European partners and the International Monetary Fund, says

The Economist’s Excellent Barclays Cover

  The Economist does a very nice number on the Barclays scandal.  

CHART OF THE DAY: The Most Important Chart In Europe Is A Disaster

  We’ve been talking a lot about what we think is the most important chart in Europe—yields on Spanish bonds that mature in less than three years. (High yields mean Spain is paying through the nose to borrow when it

Yannis Stournaras, financ…

Yannis Stournaras, finance minister, said the governing coalition would have to accelerate reforms before asking for modifications in a €174bn programme agreed in February with the European Union and the International Monetary Fund.

Greece Gives Up Immediate Plan For Getting New Bailout Terms

Sunny Business Germans Cough Up for Solar Subsidies

It is already known the intention of Germany to shut down all nuclear reactors after the recent accident in Japan due to the tsunami created there.  It is also known thatinvestments in renewables sources of energy involve a huge amount

German Party Leader Threatens To Axe Coalition

  Chancellor Angela Merkel faces growing resistance to her European policy from within her own coalition. Horst Seehofer, the leader of the powerful CSU party, sharply criticized the outcome of last week’s EU summit, and threatened to let the coalition government