Tag Archives: rescue

unrequested opinions

Last week, EUS Euro shifted slightly its course, three degrees to North by Northwest, right in course of collision with the icebergs.

Posted in Uncategorized | Tagged , , , , , , , | Leave a comment

Euro debt haircuts: a question of style

Cindeurella needs a radical change of lifestyle and, as any girl worth her iphone knows, the crucial hurdle is getting the right haircut. A properly styled girl will come by anything she needs, effortlessly. And a girl can need a lot…

Posted in Angela, Cindeurella, Debt, Eurotrash, The tenpins, Trichet | Tagged , , , , , , , , | Leave a comment

Spanish saving banks: the dark night of the (faithless) souls

Knowing that much depends on confidence on the side of the markets, the Bank of Spain took a much protracted measure on February and lifted a bit the veil that covers the assets of Spain’s financial system. Some details were … Continue reading

Posted in Banks, Debt, Growth, Toreador | Tagged , , , , , , , | Leave a comment

The gain of Spain goes mainly down the drain

OK, you got me: I know I am by my own rules supposed  to start these posts with a (supposedly) funny cartoon, but it so happens that drawing takes a lot of time. Sometimes it cannot be found and, worse, … Continue reading

Posted in Banks, Debt, Toreador | Tagged , , , , , , , | Leave a comment

Profits for the people!

I still have to be convinced that more than 1% of the population understands the concept of risk. That’s for individuals. Public opinion is an entity of very small rationality, and no coherence, memory nor any or the other attributes … Continue reading

Posted in Banks, Debt, Tim, Uncle Sam | Tagged , , , , | 2 Comments

Bail out who?

Once upon a time, a leprechaun found a cauldron full of gold coins in the woods. A troll explained to him that whoever found it was free to take the gold in it, but for each coin he spent, he … Continue reading

Posted in Banks, Debt, Eurotrash, Leprechaun | Tagged , , , , , | Leave a comment