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Eric Dutram: Over the weekend, market participants had hoped that a strong response to the brewing Spanish crisis would stop the contagion and prevent more pain in the euro zone. European leaders provided the market with a $125 billion dollar response in order to shore up the banking sector Read more…
Michael Snyder: During an appearance on Meet The Press on Sunday, Jim Cramer of CNBC boldly predicted that “financial anarchy” is coming to Europe Read more…
In trading on Friday, the iPath Short Extended Russell 2000 TR ETN (NYSEArca:RTSA) is outperforming other ETFs, up about 10.62% on the day. Also up on the day is the Read more…
Michael Snyder: Well, it is official. The restructuring deal between Greece and private investors has been pushed through and the International Swaps and Derivatives Association has ruled that this is a credit event which will trigger Read more…
NASDAQ:EUFN, NYSE:EWG, NYSE:EWI, NYSE:EWP, NYSE:GREK, NYSE:IEV, NYSE:VGK
Stoyan Bojinov: The Euro zone debt crisis has been at the forefront since late 2009 when it became apparent that Greece was struggling to curb its towering deficit. Greece unsuccessfully implemented several austerity meassures aimed at restoring financial stability, ultimately succumbing to a bailout Read more…
NASDAQ:EUFN, NYSE:CAD, NYSE:DTN, NYSE:EU, NYSE:EZU, NYSE:GXF
Shah Gilani: A not-so-funny thing happened on the way to the latest Greek bailout. The terms and conditions of the bond swap Greece agreed to before getting another handout constitutes a theoretical default – but not a technical default. Read more…
Jack Barnes: If you listen to the talking heads, there is no end in sight to the Euro crisis. Even with the European Central Bank’s (ECB) recent Long Term Refinancing Operation (LTRO), Greece is still making all the headlines. Read more…
Jack Crooks: If you are wondering why the euro (NYSEArca:FXE) rallied sharply over the last couple of weeks, hitting a two-month high against the dollar (NYSEArca:UUP) on Thursday, the answer is that Read more…
Jeff Harding: We need to follow Greece because their default and withdrawal from the eurozone (NYSEArca:VGK) would set off major consequences to the European Monetary Union, and thus the EU, Read more…
Jonathan Yates: It would seem that the strongest member of a declining organization would want to leave the losing proposition. But, as French Premier Charles DeGaulle once exclaimed, “Nations do not have friends, they have interests.” For that reason, Germany (NYSEARCA:EWG) will do all it can to Read more…
Tom Essaye: After a few weeks of relative quiet from Europe during the holiday season, things are starting to heat back up in the region. This week will see a return of various leaders’ summits in Europe, with meetings scheduled between German Chancellor Angela Merkel, French President Nicolas Read more…
Shah Gilani: I’ve said it before, and I’ll say it again. The markets are broken. It’s not that they’re not functioning on a daily basis, pricing risk and assets and performing their price discovery duties. They are doing that – or at least trying to. Read more…
Sy Harding: A year ago there was widespread confidence that with the recession having ended in June, 2009, the economy continuing to recover, further QE2 easing underway, and the stock market clearly in a new bull market, that 2011 was going to be a great year. Read more…
Keith Fitz-Gerald: On Wednesday, Fitch Ratings Inc. downgraded its credit ratings on five of Europe’s biggest banks (NASDAQ:EUFN), and while that decision made headlines, it’s not the most important story to come out of Europe (NYSEARCA:VGK) this week. Read more…
The expression is called “kicking the can down the road.” And it’s a practice that the Eurozone and European Union have gained an expertise in demonstrating… After meeting all night in Brussels last Friday, European Union leaders agreed to a new fiscal compact. They also Read more…
NASDAQ:EUFN, NASDAQ:IFEU, NYSE:EKH, NYSE:FDD, NYSE:FEZ, NYSE:IEV
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