Tag Archive: EFSF

The Euro Crisis: Details and chronology and the German Perspective on it

Pieta Merkel Monti
The history of EU reforms, bailouts during the euro crisis and the German perspective on them

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The Eurozone crisis between euro-morons and zombie-bankers

Meuron Zombie Rybinski


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Are German Bunds finally heading for the big slide ?

2012-09-14

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2012-09-14

German BOBL Future Sept 14
Citibank judges that the Swiss National Bank (SNB) does not need a peg anymore. The EUR/CHF exchange rate would be now over 1.20 even if exposed to the free market. Yesterday we showed that the upward move in the EUR/CHF is just the behavior of some euphoric Forex traders. In the meantime we see a completely … Continue reading »

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Eurobonds, fiscal or banking union are all pure utopia

2012-08-31

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2012-08-31

Eurobonds dare pure utopia SNBCHF.COM
Germany’s stance in the euro crisis: More than ESM will not be possible for many years updated on August 31, 2012   German politicians and the German Bundesbank believe that the Euro crisis can be only solved by supply side reforms as formulated in the Euro Plus Pact, reforms that were already successfully introduced during the Thatcher/Reagan era in the …

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FX Technical Outlook, Net Speculative Positions, Global Markets, week August 27

2012-08-27

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2012-08-27

risk
Submitted by Mark Chandler, from marctomarkets.com   There are two main drivers behind the price action in the foreign exchange market and they will likely persist in the days ahead.  First, there continues to be position adjustment ahead of the what promises to be eventful few weeks.  Second, the release of the minutes from the August 1 …

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German constitutional court needs 3 months to decide about the injunction

2012-07-11

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2012-07-11

esm bundesverfassungsgericht 2
The German constitutional court will need up to 3 months for the injunction. Weidmann's critic on the ESM in detail. Estimations of German liability between 900 bln. and 2 trillion EUR.

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Wolfgang Münchau, FT: Merkel was the winner of the Euro summit

2012-07-02

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2012-07-02

Wolfgang Munchau
  Wolfgang Münchau endorsed many of our arguments Wolfgang Münchau, Financial Times, has endorsed many of our arguments of our Friday's opinion  about the Euro summit where we stated that there was nothing really new. Münchau even claims that "The real victor in Brussels was Merkel."

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At the Euro summit there was nothing really new. What was the party about ?

2012-06-29

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2012-06-29

Europart2
At the euro summit today there was essentially nothing what was really surprising. We wonder what markets are so excited about.

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Spread Swiss Eidgenossen vs. German Bund to see further gains

2012-06-29

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2012-06-29

Germany Swiss Spread
The spread between the Swiss government Eidgenossen bond against the Germany 10yrs. Bund will see further gain in the future, after the Euro summit opened the door for ESM direct financing of banks.   Differences between EFSF and ESM explained

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Eurobonds, fiscal union or banking union are all pure utopia

Eurobonds dare pure utopia SNBCHF.COM
Eurobonds are light years away.Germany wants the following order: 1) Euro Plus Pact 2) Fiscal Compact 3) ESM 4) Political union 5) Fiscal union 6) Eurobonds

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