Tag Archives: ecb

QE cash, where does it end up?

A quick note on Simon Jenkins’ piece in the Guardian today on where all the Bank of England’s QE cash has gone. He says he can’t find it anywhere but if you take a quick look at the BOE’s weekly … Continue reading

Posted in Bank of England, ECB, Euro Zone, Quantitative Easing, UK | Tagged , , , , | 2 Comments

In the long run the Euro will survive, in the short term it remains on life support

The trouble with the Euro Zone is that the plan is a long term restructuring program with very few measures to help ease the pain in the short term. But as we all know, “We’re all dead in the long … Continue reading

Posted in Austerity, ECB, Euro Zone, France, Germany, Greece, Ireland, Italy, Portugal, Spain | Tagged , , , , , | Leave a comment

UK Veto Is A Smokescreen For Much Greater EZ Failures

The headlines in the aftermath of last week’s EU summit have largely been focused on the UK veto but surely the more important issue is what Germany is unwillingly to do to save the Euro. Economists generally agree that two … Continue reading

Posted in Bailout, Bonds, Debt, ECB, Economics, Euro Zone, European Central Bank, Germany, Ireland, Merkel, Quantitative Easing, Sarkozy | Tagged , , , , , , , , | Leave a comment

Euribor Spreads Show Worrying Reminder of 2008

The spread between secured and unsecured lending in the interbank markets as measured by the spread between 3-month Euribor and 3-month Eoniaswaps has taken a dangerously similar path to before the collapse of Lehman Brothers. Figure 1: 3mth Euribor spreads … Continue reading

Posted in Bailout, Banking, ECB, Euro Zone, European banks, European Central Bank, Germany | Tagged , , , , , , , , , | Leave a comment

Time To Shock And Awe Euro Zone

Congratulations to German Chancellor, Angela Merkel, for winning the vote in the Bundestag on the EUR440 billion EFSF. But, it’s not big enough. To save the Euro a “shock and awe” policy needs to be implemented to remove any doubts … Continue reading

Posted in Bailout, Banking, Bonds, Debt, ECB, Economics, Euro Zone, European Central Bank, Germany, Greece, Ireland, Merkel | Tagged , , , , , , , , | Leave a comment

Euro Zone Needs Credible Bank Run Insurance

The financial markets are in crisis mode once again. The flight-to-quality is in full effect with safe haven assets in high demand; gold is breaking new highs every day while US and UK government bonds are falling to record lows. … Continue reading

Posted in Bailout, Banking, Bonds, Debt, ECB, Economics, Euro Zone, European banks, European Central Bank, France, Germany, Merkel, Recession, Sarkozy, US | Tagged , , , , , , , , , , , , | Leave a comment