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BANKS in France, Germany and Belgium are most at risk of contagion from Italy’s deepening debt crisis, new data has revealed. Domestic banks in the Mediterranean nation are already encumbered … Read more
by Claudio Grass via Claudiograss.ch Until recently, Germany has been the seemingly unbreakable workhorse that has pulled the European economy back from the brink and kept it ticking along through a myriad of … Read more
by Alasdair Macleod via Mises Wire It is easy to conclude the EU, and the Eurozone in particular, is a financial and systemic time-bomb waiting to happen. Most commentary has focused on problems … Read more
Salvini is getting ready for a “serious step” which is “leaving the Eurozone”, while Macron’s plan has “collapsed” due to a “colossal mistake”; and Europe is “turning towards fascism.” This … Read more
by Martin Armstrong QUESTION: Mr. Armstrong; I can see what you have been arguing about the faulty design of the euro. After the EU rejected Italy’s budget, is there any hope … Read more
via Bespoke Recently, the Citi Economic Surprise Index for the Eurozone has started to improve while the Citi Economic Surprise Index for the US has slipped into negative territory. As … Read more
by Martin Armstrong Italy has called on the ECB to guarantee the bond yields warning that if they END quantitative easing the Eurozone will break apart. On this score, they are not … Read more
#JAPAN JUN PRELIMINARY PMI MANUFACTURING: 53.1 V 52.8 PRIOR *Export orders index declines for first time since Aug 2016 in a warning sign about overseas demand❗ *Link: bit.ly/2K6u9K0 COPPER: down … Read more
The International Monetary Fund (IMF) has warned Eurozone growth could be derailed by escalating trade wars and the threat of more tariffs on goods from the US. via PAUL WITHERS The … Read more
by goldcore – Italy is EU’s ticking timebomb as debt nears €2.4 trillion – Italy’s GDP is just €1.85 trillion; National debt is 132% of economy – Italy is politically dysfunctional at … Read more
by Martin Armstrong COMMENT: Mr. Armstrong; I find your analysis refreshing here in Europe. Sometimes we cannot always look in the mirror objectively. You are correct that perhaps the greatest fault … Read more
twitter.com/dlacalle_IA/status/1011696454224793605 Long Eurozone 🇪🇺Bonds? Good luck.#ECB signals end of QE and there is no evidence of real demand at these yields. Meanwhile, governments continue to spend as if there is … Read more
Why is China reducing their reserve ratios and making it easier for people to get loans? The financial system is not strong. Don’t believe the mainstream media. It has been … Read more
Greece🇬🇷: Euro zone hits ‘historic moment’ as it closes “successfully” eight years of financial support to Greece. “Successfully”: 180% debt to GDP 20% unemployment Annual Growth Rate 0.87% 1996-2018 Imagine … Read more
. High exposure to sovereign debt (between 10 and 20% of total assets) . Lingering non-performing Loans (c€1 trillion) . ROIC below WACC . Poor ROTE The Problems of Eurozone … Read more
