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Tomorrow the Eurozone to Weigh Greek Bailout Proposal , but it already appears it’s no different from previous proposals. There will be no meeting on Friday if Germany rejects this one up front
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See the original post: Austerity Queen Angela Merkel Ready for Compromise on Greece?
View article: Life After Eurozone; Final Exam Crunch Time
Recall what I said on January 31, in Diving Into the GDP Report – Some Ominous Trends – Yellen Yap – Decoupling or Not? Growth in fixed investment is falling rapidly
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The yield curve may look strange to some, but here’s the three-part explanation: Mid-range bonds will be hammered the most in any haircut deal. Yield on the 3-month bond spiked since the end of December. The market is pricing in the possibility of a default, but not within 3 months. National Bank of Greece 15-Minute Chart Shares of National Bank of Greece closed about 22% lower today. At one point they were down about 28%
Bloomberg reports Raiffeisen Debt Signaling Distress as Currency Woes Mount Raiffeisen Bank International AG (RBI)’s junior bonds slumped to levels typically viewed as distressed after gains in the Swiss franc added to woes triggered by the tumble in the Russian and Ukrainian currencies. Subordinated bonds sold by the Vienna-based lender slid as low as 63.4 cents on the euro, with yields of as much as 10 percent, after trading at 91 cents at the start of December, according to data compiled by Bloomberg
See original article: Email From US Special Forces Veteran; 500 US Blackwater Mercenaries in Ukraine? US Backs Ukrainian Neo-Nazis