While there is more and more talk about Eurobonds, including a proposal from the European Commission last week, German politicians were quick to distance themselves from the idea. Vice Chancellor Philipp Roesler, who also holds a post of Economy Minister, called such solution “irresponsible”. He said joint bond issues would be wrong because they would [...]

In line with historical trends, the post Thanksgiving European trading session turned out to be reasonably lively. Moves in currencies were not huge, but they were directional, fairly steady and, most importantly, exploitable. Now, after the fact we can see the reasons behind these price swings, which in case of European currencies were nothing more [...]

All markets, including currencies are increasingly focused on interest rates on sovereign debt in Europe. And for a good reason – yields on Italian 10-year bonds again rose above the 7% threshold, in spite of reported heavy buying from the ECB. To make matters worse, premiums also rose for other countries, including Spain and even [...]