Breaking rules on fiscal governments will only fuel uncertainty and reduce confidence in the euro. Monpol can’t and mustn’t be used to solve solvency problems of EU states and banks Italy can solve it’s own current issues….
A nice, clean number to close on. Down almost 50 pips today and almost a full point over the past two days but still the worst weekly close since the euro, by far.
Credibility takes days to wreck and months to restore. Markets are in a great mood after Italy’s Senate passed the austerity budget and it’s expected to pass the lower house tomorrow. This is a good first step but it will … Continue reading
Some good size moves here ahead of the US stock market open. European stocks are also picking up. The catalyst has been a rally in Italian bonds. The spread over Germans has tightened by 40 bps on the day to … Continue reading
A UK research firm is talking about an Italian downgrade in the coming months. Sounds like a sure thing to me, all those monkeys do is react to the bond market anyway.
According to party sources Well he would wouldn’t he….. Playing the fiddle whilst Rome burns….it’s been done before Silvio…
The wildly optimistic hope is that Italian politicians will pass a slate of austerity measures by Sunday. Afterwards, Berlusconi will resign. This sounds so unrealistic that it’s almost insane. Headlines crossed suggesting labor protection laws will be relaxed, that was … Continue reading