The Eurozone Crisis : An Update

09/30/2012
2012-09-30 By Harald Malmgren Deep divisions between Germany and its fellow Eurozone member governments have kept the ECB relatively paralyzed for the last couple of years. The Long Term Refinancing Operations (LTRO) did provide 3-year liquidity relief to Eurozone banks.  The LTRO enabled Eurozone banks to purchase new issue sovereign…

Never Ending Eurozone Crises?

02/22/2012
By Dr. Harald Malmgren Following Standard 7 Poor’s downgrades of a swathe of Euro member governments including France, Moody’s has also joined in the process of downgrading several of the members, with a warning to France. [caption id="attachment_33613" align="alignleft" width="300" caption="There is a core problem of the impact of policy…