Entries by Victor Jimenez from 10/2012

That PIIGS Label Will Stop Now, Mrs Merkel

| Posted 10.09.2012 | UK

Leaving aside the many facts that point at a not-so-healthy Germany (mini-jobs, pension crisis), the ultimate question looming on Chancellor Angela Merkel's porch is: when will she be ready to admit German financial institutions behaved like barking-mad lenders?

Spain is Finished

| Posted 10.13.2012 | UK

Only buffoonery, folks. Yet, the disturbing, crude impression that the Spanish government falls to pieces while the economy of the country reaches its last legs is growing plausible as the month goes by.

Europe's Banks Beyond The Pale

| Posted 10.31.2012 | UK

For all their self-alleged sophisticated protestation, European banking entities have somehow ended roughly mirroring the very political disarray their CEOs blame for the slow deleverage levels in the industry and timid lending activity. That is, for their stubborn negative to accept that yesterday's boom succulent profits are today's poisonous hot air.