A Euro Event is Bullish for USTs (Short-Term)
Courtesy of Tyler Durden
Spanish National Intelligence Agency (CNI) is investigating whether the Spanish economy and the euro have fallen victim to a concerted attack by speculators and foreign media (El Pais)
Via Dow Jones: Agents working for the CNI’s Economic Intelligence unit have over the last couple of weeks been checking if “attacks by investors and the aggressiveness of some Anglo-Saxon news outlets are a result of the real market dynamics and challenges faced by the Spanish economy, or if there’s something else behind the campaign,” the paper said.
Serious debt problems in smaller euro-zone economy Greece sparked a tumble in Spain’s stock market and a sharp increase in the cost of insuring Spanish sovereign debt against default in recent weeks. Investors, worried that a fast-rising government budget deficit and a weak local economy may hurt Spain and other ailing countries ability to repay debt, have also placed huge bets against the euro in currency markets.
“Agents of the CNI are in frequent contact with several leading experts in the field of economy and financial markets.”
Wall Street helped mask debts shaking Europe (NYT)
Γερμανογαλλικ? εγγ?ηση στα ελληνικ? ομ?λογα – Πως θα κινηθε? το ΧΑ – Here’s to hope for another €5 billion Greek bond deal – the question: will it be guaranteed by Germany/France (B(T)ankingNews.gr)
Majority of Germans want Greece expelled from the euro zone(Reuters)
Dubai stocks plunge after disclosure Dubai World to pay 60 cents on dollar (Bloomberg)
European finance ministers meet to discuss week ahead (Economist)
Greek FinMin unveils tax reform, wage policy, outlawing of cash: “From 1. Jan. 2011, every transaction above 1,500 euros between natural persons and businesses, or between businesses, will not be considered legal if it is done in cash. Transactions will have to be done through debit or credit cards” (Reuters)
Greek Britain? (BBC)
Greek saga won’t kill the euro but the end may begin here (Telegraph)
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