MOODY’S SLASHES ITALY BY 2 NOTCHES

  Moody’s just downgraded Italy’s govenment bond rating to Baa2 from A3, a two notch downgrade.  And the outlook remains negative. They gave two reasons for the move: “Italy is more likely to experience a further sharp increase in its funding costs or

DAVID ZERVOS: Europe Has Delivered A ‘Game Changer’ And Germany Has Lost

Bloomberg TV Jefferies’ David Zervos is out with his take onlast night’s European bank bailout.Remember, the gist is that the European bailout mechanisms will be able to recapitalize banks directly with little need for government oversight. His title says it

Euroland should invade Germany

As the fateful month of August approaches in Europe, the time has come for the countries of Euroland to consider reversing the procedure and timetable of World War I. That is to say, that France, Italy, Spain, and all rest

These Two Charts Might Change Everything You Believe About The National Debt

The chart is simple, but first, many people believe that as the national debt surges, our borrowing costs should surge. This will show that in fact it’s the opposite. The blue line (measured on the right-y-axis) is the total size

Banks sweating over recapitalization terms

The next few days will determine the future of the local banking system, a top official at a Greek lender told, as the new government will have to determine the details regarding the recapitalization process as soon as possible. Provided

Exports finding new destinations

The Greeks, always have their ways.   Markets of North Africa, Middle East, China and India offset losses from Europe     By Dimitra Manifava   Greek exports are thriving in new destinations such as North Africa, the Middle East

Sean Gallup/Getty Images Germany‘s highest court asked the nation’s president Joachim Gauck to delay ratification of the yet to be created permanent bailout fund (the ESM) for at least three weeks. Gauck has agreed to the delay despite support from all four

MARK MOBIUS: Europe Will Emerge Stronger From The Crisis

I truly believe it pays to be an optimist in life. As a long-term investor, it’s practically part of the job description. You can fearfully view a crisis as a time of loss and peril, or you can choose to

What’s So Special About the Euro Currency Area?

  Now that the Greek election failed to solve anything, Europe is back to the same problems it faced before. Not the ones predating Sunday’s election, which resulted in the formation of a coalition government of Greece’s pro-Europe parties. But the

MAULDIN: WE’RE APPROACHING THE END OF THE END GAME

The ever-articulate John Mauldin is reiterating his bearish take on the global economy in a new interview with King World News. “What we’re seeing is the real end game” and “it is coming to an end,” he said. According to Mauldin,