Wednesday, September 19, 2012

Spain's government still reluctant

Why Spain Will Seek Help—and Why the ECB Retains Its Leverage (JF Kirkegaard, Peterson Institute)
The Pain in Spain                  (J BADCOCK, Foreign Policy, Oct 1st 2012)
Spanish borrowing costs fall (Irishtimes.com, Sept 18th 2012)
Mariano Rajoy waiting for markets to force his hand (soberlook.com, Sept 19th 2012)
UPDATE 1-Spain's banks stress test to show up to 60 bln needed (Reuters, Sept 20th 2012)
Spain in no rush to seek aid, banks to need 60 bln eur - EconMin (Reuters, Sept 22nd 2012)
Ambrose Evans-Pritchard: Europe's betrayal of Spain (Telegraph, Sept 28th 2012)
Editorial: Unanswered questions (El Pais, Sept 28th 2012)
Spain's banks may need 59.3 billion euro in extra capital (Reuters, Sept 29th 2012)
Popular suspends dividend payment to meet capital requirement (El Pais, Oct 1st 2012)
Spain's Popular resists state aid with 2.5 billion euro share issue (Reuters, Oct 1st 2012)
EXCLUSIVE - Spain ready for bailout, Germany signals "wait" - sources (Reuters, Oct 2nd 2012)
Need More Capital Than Tests Find, Moody’s Says (Bloomberg, Oct 1st 2012)
Insight: Spain bank rescue signals legal battle for duped savers (Reuters, Oct 16th 2012)
Rajoy Still Has a Debt Mountain to Climb (S. Nixon -WSJ, Nov 19th 2012)
“The solution for Spain is simple: we have to sell more goods abroad” (El Pais, Nov 19th 2012)
Desperation, hopelessness mark Spain’s economic pain (E.Reguly, Globe&Mail Nov 21st 2012)
Bankia to make record of loss of 19 billion euros This Year (El Pais, Nov 28th 2012)
Spain Recession Scars Exposed as Jobless Seen at 6 Mln (Bloomberg, Jan 21st 2013)

Bonds:
Spain Sells 4.8 Billion Euros of Bonds, Most Since January (Bloomberg, Sept 20th 2012)

Catalonia's independence:
Rajoy fronts up to Catalan independence ahead of Mas meeting (El Pais, Sept 19th 2012)
Spain risks break-up as Mariano Rajoy stirs Catalan fury (The Telegraph, Sept 20th 2012)
Catalan leader fixes date for early election showdown (El Pais, Sept 25th 2012)
Catalan Banks Owing ECB $77 Billion May Stall Independence Drive (Bloomberg,Nov 21st 2012)
Language and nationalism: Catalonian confusion (The Economist,Nov 27th 2012)



Spain: a tale of two crises  [on capital flows] (S. Merler, Bruegel.org, Sept 21st 2012)
O. Wyman report [on Spanish banks]         (pdf, Sept 28th 2012, via @raluca3000)

Charts re: Spain (EZRcharts)
label: Spain

last updated: Jan 21st 2012, 18.45 CET

Sunday, September 9, 2012

European success stories

Eastern Europe
Sept   7th 2012 An East European Perspective on the Euro Crisis (Author: A. Aslund, Peterson Institute)
Sept 13th 2012 Paul Krugman's Baltic Problem (A. ÅSLUND, Foreignpolicy.com)
Oct  14th 2012 Austerity-hit Lithuania votes in general elections (DW.de)
Feb 20th 2013  Fitch: Baltic Economies Recover Strongly; Volatility a Long-term Challenge (Fitch)

Iceland
June 8th  2012 Iceland economy grows at fastest pace in four years (Reuters)
Dec 16th 2010 Lessons from Iceland: Coming in from the cold (The Economist)
Feb 21st 2012  The lesson from Iceland’s recovery: let banks go bust (Moneyweek)
                         Iceland GDP Annual Growth Rate (Tradingeconomics.com)
Jul 8th    2012  The Times Does Iceland (P.Krugman, NYTimes)

Faroe islands 
Sep 11th 2012  The first sovereign debt crisis in the EU (J.Danielsson & H.Oskarsson, voxeu.org)

Sweden
Sep 22nd 2008 Stopping a Financial Crisis, the Swedish Way (NYTimes)

Friday, August 10, 2012

Dexia Bank (Belgium)

EZR Dexia
Aug 11th 2012 *
Coene [CB] fears a new recession in Belgium (De Standaard)
Aug 29th 2012
*

Credit Suisse: "Belgium's exposure to Dexia is 72,5 bn Euro"
Aug 10th 2012

Dexia 'may need recapitalisation'
Aug 10th 2012

Belgian central banker says Dexia may need capital soon (AFP)
Aug 10th 2012 *
America, the forgotten time bomb under Dexia (De standaard)
Aug 10th 2012 *
New round of recapitalization looms for Dexia (De Tijd)
Aug 4th 2012 *
From bad to worse with Dexia (De Standaard)
Aug 4th 2012

Dexia losses add to bill for France and Belgium
Aug 3rd 2012

Dexia posts 1.2 bn euro first-half loss (AFP)
Aug 3rd 2012 *
New Dexia chief earns 600.000 € yearly (HLN.be)
Aug 3rd 2012 %
Dexia : lourdes pertes et départ de la direction
Jul 25th 2012

Dexia Sale of Luxembourg BIL Unit Approved by EU Regulators
Jul 17th 2012

Belgian debt surpasses GDP
Jul 5th 2012 *
Dexia France could cost Belgium Billions (standaard.be)
Jun 22nd 2012
Dexia situation under control: Belgian central bank chief
Jun 21st 2012
Belgium, France Risk Billions on Penny Stock Dexia
May 23rd 2012 *
France and Belgium want to extend guarantees for Dexia (HLN.be )
Apr 26th 2012 *
“Dexia could derail state debt” (de redactie.be)
Mar 1st 2012
Dexia Bank Belgium rebrands as Belfius Bank & Insurance as it reveals 2011 losses
Feb 24th 2012 *
Belgium and France have a new Dexia deal (RTL.nl)
Feb 1st 2012 *
Dexia commission: Only experts may look into NBB & FSMA documents (De Standaard)
Jan 9th 2012

Decommissioning Dexia — a collateral story
Oct 9th 2011 *
Belgium and France reached agreement on Dexia
Oct 4th 2011 *
Belgian CB: “Savings of Dexia clients completely save” (De Morgen)
Sep 30th 2011 *
'France and Belgium will help Dexia' (de Tijd)
Jul 15th 2011

KBC Bank and Dexia Capital Update - EU Wide Stress Test Results
Dec 9th 2008

Guarantee Agreementbetween the Belgian State, the French State, the Luxembourg Stateand Dexia SA/NV










chart Dexia assets as percent of GDP 1995 - 2011 by Scott Barber/Reuters






Dexia (video features in Dutch by NOS/NL) *2013 new*






* = Dutch ,% = French language











cat= Dexia, Belgium





chapter= none





last update: Jan 22nd 2013
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