Tag Archives: ez fiscal union

EZ – Submit to Pharaoh!

EFSF/ESM, no ECB Well it seems Germany has effectively blocked use of ECB for the time being, and the crisis is causing a move to firm up a pan-European governmental unit to back the currency. I’ve been wondering (as an aside), based … Continue reading

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Show me a EuroZone!

Euro Zone, part 1,000,000,000… By Kiron Sarkar – June 14th, 2012 … At present, Spanish 10 year bonds are trading at 6.96% (having briefly traded around 7.0%), up 21bps on the day – Moody’s downgraded Spain to Baa3, from A3 … Continue reading

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