Portugal this morning followed the lead set by Ireland and Greece and issued new debt for the first time since its bailout in 2011. Portugal managed to sell €750m of 10 year bonds at an average borrowing cost of 3.58% and with demand totalling €2.6…
Posted by Open Europe blog team
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credit rating, Die Welt, ECB, financial markets, germany, Portugal, sovereign debt |
April 11, 2014
Since our last post on this issue things seem to have only got worse for Finland. The European Commission’s latest economic forecast (see table below, click to enlarge) made pretty dire reading with Finland expected to be one of the worst performers …
Posted by Open Europe blog team
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credit rating, economic growth, eurozone crisis, finland, gas, gdp, growth, nokia, russia, S&P, structural reform |
February 14, 2014
That seems a strange question to ask. The country is a paid-up member of the eurozone core and is one of the few countries in the world to have a triple A credit rating from all three top agencies (S&P, Moody’s & Fitch) and a stable outlook fro…
Posted by Open Europe blog team
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credit rating, economic growth, eurozone crisis, finland, gdp, growth, nokia, structural reform |
December 20, 2013
While the spate of EU downgrades has slowed to a relative drip feed this year, it turns out there was at least one left in the locker – the EU, which Standard and Poor’s (S&P) this morning cut from AAA to AA+.Many may ask, does the EU even have…
Posted by Open Europe blog team
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2014-2020 EU budget, Brexit, credit rating, eu, EU budget, S&P, standard and poors |
September 9, 2013
A general view seems to have come to pass (and not without good reason), that ratings actions in the eurozone have much less significance these days. This is mostly because the ratings agencies tend to ‘lag’ the market – meaning that a downgrade only…
Posted by Open Europe blog team
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credit rating, dbrs, downgrade, eurozone, Spain, Spanish bank bailout, spanish banks |
January 13, 2012
Over on the Telegraph blog, we look at today’s euro developments:It all looked so good in euroland after a market rally and successful Italian and Spanish bond auctions this week. However, on Friday the eurozone crisis again took a turn for the worse. …
Posted by Open Europe blog team
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credit rating, default, eurozone, France, Greece, sovereign debt , bail-out, Credit Default Swaps, credit rating, default, eurozone, France, Germany, greece, Sarkozy, sovereign debt crisis |
December 15, 2011
For all those who think that French President Nicolas Sarkozy will be sitting in the Élysée plotting some form of retaliation against Cameron, it has quickly become clear that he has much bigger things to worry about.Rumours have once again been flyi…
Posted by Open Europe blog team
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credit rating, EFSF, emu, esm, eu, EU summit, eurozone. bail-out, France, germany |
July 25, 2011
An interesting side note to the second Greek bailout deal is that it may in fact have killed off the credit default swaps (CDS) market, or at least kick-started its demise. The reason for this is simple: the deal undermines confidence in the belief tha…
Posted by Open Europe blog team
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credit rating, default, emu, eu, eurozone. bail-out, Greece, ISDA, sovereign debt |
July 8, 2011
Just thought we’d highlight some interesting comments on various aspects of the eurozone crisis, given the sheer volume of pieces out there.Leading economist Kenneth Rogoff talking about Greece on BBC Hardtalk:“I don’t think there is any question t…
Posted by Open Europe blog team
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bail-out, credit rating, crisis, default, eu, eurozone. euro, sovereign debt |
March 29, 2011
Standard & Poor’s yesterday downgraded both Greek and Portuguese debt by one notch and kept them on negative outlooks. That hints at further downgrades in the near future, although given the extent of the problems in both countries that could be …
Posted by Open Europe blog team
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credit rating, euro, eurozone. bail-out, Greece, Portugal, sovereign debt |
Open Europe is an independent think tank contributing bold new thinking to the debate about the direction of the EU.
