Tag Archives: ecb

Collect call – a visit by creditors goes horribly wrong

The markets payed a call on Europe but the masters of the house, Cindeurella and the Prince, were both on vacation at different low cost beaches. They were ushered to a waiting room by the doorman, an impressive gentleman of … Continue reading

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Euro debt relief relay race: last runner crashed by the baton!

After an heroic resistance, the ECB has finally had to capitulate and reach (once again) beyond its constitutional mandate, by restarting its Securities Markets Program, this time to acquire Spanish and Italian bonds in the market.

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Portugal bluffs a call

On February 11th, Portugal announced that it would buy back up to¬† 9,4 bn of it’s own bonds in a reverse auction to be held this week.

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Circular financing scum

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