Cyprus Publishing the details of Cyprus bailout plan last week led to an increase at the financial markets risk premium. The increase seems to be fueled by Europe’s financial ministers decision that a substantial portion of the bailout plan will include…
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Tag: Portugal
ECB’s Outright Monetary Transactions (OMT)
A new stimulus program was announced by the European Central Bank in the first week of September. This program to save the euro is called “Outright Monetary Transactions” or “OMT” and it was enough to drive the EUR/USD to a…
Bad News From Europe
Most of the bad news focused on Spain, who is supposedly “too big to bail”. On Monday: Italian Prime Minister Mario Monti said Spain could reignite the EZ debt crisis. Spain’s ruling party losing a weekend regional election didn’t help…
