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By Rob Parenteau, CFA, sole proprietor of MacroStrategy Edge, editor of The Richebacher Letter, and a research associate of The Levy Economics Institute.
The question of fiscal sustainability looms large at the moment – not just in the peripheral nations of the eurozone, but also in the UK, the US, and Japan. More restrictive fiscal paths [...]

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AIB has the ‘worst loan book’ ever seen in Europe – Irish, Business – Independent.ie
China Blames U.S. for Strained Relations – NYTimes.com
FT.com – Gideon Rachman – Japan edges from America towards China
Why do journalists expect to have credibility? – Glenn Greenwald – Salon.com
EconomPic: Is the Consumer Relevering?
Vitamin D lifts mood [...]

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With the anxiety caused by the Greece situation alleviated for the time being by last week’s successful auction, words of support from Germany and especially France over the weekend, and follow through gains in the Greek debt market, attention may turn elsewhere ahead of Greece’s mid-March status report.
Portugal is the likely candidate and although the [...]

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The last feature on the list of links below is on CRE in Washington D.C. where the economy is fairly robust. If you know anything about these properties, you would agree these are not poor properties at all. The problem with them is not location or property maintenance; it’s the debt.  The properties were leveraged [...]

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This is just in from the FT:
Germany recorded a budget deficit of 3.3 per cent of gross domestic product last year, one point more than the most recent forecasts, but still well below the level for most of Europe’s larger economies.
According to the figures released by the Federal Statistical Office on Wednesday, it is the [...]

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I wanted to highlight a few articles on Greece below. Due to time constraints, I cannot translate this Dagens Nyheter article (Borg tror inte Greklands plan räcker – DN.se). But the general gist is one of Sweden’s premier Borg supporting austerity for Greece and the IMF as an agent to ensure this.
If you look [...]

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As I am still away for the week, you have seen a lot of posts from others. I do still have a lot of links though, and may do two (or three) for today. Here is the first batch.  Enjoy!
Edward
Irony: Greek Banks Aren’t the Most Exposed – International Trader – Europe – Jonathan Buck – [...]

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There are a lot of interlocking threads in the Greek saga. One consistent theme that ties all of the different threads together is the fragility of complex systems. In our globalized and complex world of finance and banking, every major actor has  innumerable ties to other major actors such that devastating collapses in one entity [...]

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Marc Chandler had some good comments on the Greek debt crisis this morning. The main issues, he believes, are contagion and uncertainty, especially as it pertains to sovereign debt infecting the private sector and vice versa. He said:
There is a high degree of uncertainty surrounding how the Greek debt situation is to be resolved.  It [...]

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This post was originally published at A Fistful of Euros
Well, as reported over the weekend on this blog, the EU Commission did in fact demand “more sacrifices” from the Greek people, and in the end Prime Minister Papandreou had to make a last minute TV appearance to explain to his incredulous listeners that the time [...]