- Lo de Grecia no está cerrado: la Troika ha retrasado la aprobación: no se fía de que los griegos vayan a implementar las medidas
En FT: Eurozone finance ministers held back more than half of Greece’s €130bn bail-out on the grounds that Athens has yet to jump through all the hoops lined up by its international creditors. That money could be released as soon as next week, though, and the ministers did sign off on a package of incentives and instruments to underpin a debt restructuring deal with private investors in Greek bonds- Temores de que el PSI (quita "voluntaria" de la deuda griega) no desencadene un "evento de crédito" en el mercado de CDS (seguro de riesgo) de miles de millones de €
FT: ISDA, the industry body that decides what is and is not a “credit event”, ruled that the Greek debt restructuring does not constitute one – or not yet, at any rate. That means that $3.25bn of credit default swaps on Greek government bonds do not pay out – unless ISDA comes to a different view at a later date. The decision could have significant knock-on effects in the market for CDS, which serve as insurance against a sovereign default.- Desasosiego en Alemania por la "deriva" del BCE. El bundesbank critica el LTRO. y los desequilibrios encubiertos por el sistema de compensación TARGET 2, en el que se acumulan 500 mm € ocultos
FT: This highlights a continued breakdown in the eurozone’s usual interbank lending. Until 2007, Target2 claims were negligible since most cross-border financing was intermediated by commercial banks. But German banks have reduced their use of central bank funds while those in weaker countries increasingly rely on ECB liquidity.Los desequilibrios del TARGET son deudas acumuladas en los bancos centrales del Sistema debidos a guga de dinero de sur a norte.
-La tasa de Paro de la Eurozona alcanza su máximo récord.
Unemployment in the 17-member eurozone jumped to an all-time high of 10.7 per cent in January, new data showed- Mientras, el inepto
Herman Van Rompuy is elected for another term as president of the European Council.
It's with pleasure that I accept a 2nd mandate. A privilege to serve Europe in such decisive times; also a big responsibility.
|De FT blog|
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