France

This shouldn’t be happening after this weekend’s good political news. The spread widening is weighing on France who will be on the hook for their banks who are heavily exposed to European sovereigns. Where are you ECB?

I have been saying for some time that the euro zone is coming apart at the seams. This makes a lot of sense. The question is how to do it. Here’s my suggestion from a few days ago.

The European debt crisis is straining the Paris-Berlin axis, the pillar of EMU. French banks are heavily exposed to Italian debt, with some estimates putting public and private sector exposure at more than $400 bln at the end of H1 (without…

The French paper L’Express live-blogged the event and I just wanted to fill you in on the critical passage right at the outset of the interview that everyone has been talking about regarding the Greek default, the CDS and the euro. My…

This is an update of a post I wrote at the beginning of September about European political dysfunction.

This video of German Chancellor Angela Merkel and French President Nicolas Sarkozy has stirred a sense of nationalistic pride in Italy. Everyone seems to be talking about it.

Nicholas Sarkozy has some sharp words about the crisis.

Look at these charts that Win Thin has crafted on sovereign bond spreads. this is what I want to discuss.

Euro zone stresses are back in the spotlight with a report on France that was issued by Moody’s late in the North American afternoon. It was not a rating action but rather an annual update on the state of the country. The agency noted that…

Here are a few charts from the credit default swaps market based on 5-year CDS. Here’s what I see.