Europe’s Crisis May End in a ‘Violent Blow-Up’: Galbraith...finance.yahoo.com/blogs/daily-ticker

Europe’s Crisis May End in a ‘Violent Blow-Up’: Galbraith

Mon, Oct 24, 2011, 9:54 PM EDT
By Stacy Curtin | Daily Ticker

http://finance.yahoo.com/blogs/daily-ticker/europe-crisis-may-end-violent-blow-galbraith-161311592.html;_ylt=AmAt9zcylEXkpc6Tb2lRSrwp2YdG;_ylu=X3oDMTE2MjM4bGFoBG1pdANEVCBJbmRleARwb3MDMTEEc2VjA01lZGlhQmxvZ0luZGV4;_ylg=X3oDMTFpMm9iMzh1BGludGwDdXMEbGFuZwNlbi11cwRwc3RhaWQDBHBzdGNhdANibG9nBHB0A3NlY3Rpb25z;_ylv=3

1 - A "Crew Cut" for Greece: Basically, due to deteriorating fundamentals, it's not certain that big haircuts for bondholders are an inevitability.

2 - A larger bank re-cap: The number is now up to 100-110 billion EUR.

3 - External support for the EFSF?: There's definitely chatter about more IMF/SWF/BRIC involvement to leverage the European Financial Stability Facility (EFSF), which would be viewed as a market positive.

4 - Italy Holds The Keys: Italian reforms must happen right away. Berlusconi is already holding emergency cabinet meetings.

5 -Towards Treaty Changes: There's some nascent movement to treaty changes that would see more fiscal integration.

6 - Redistributing Growth: Plans are underway for new schemes, likely via the EuropeanInvestment Bank, to boost growth in the periphery.

All information on this website is for educational purposes only and is not intended to provide financial advise. Any statements about profits or income, expressed or implied, does not represent a guarantee. Your actual trading may result in losses as no trading system is guaranteed. You accept full responsibilities for your actions, trades, profit or loss, and agree to hold MinKL Invest harmless in any and all ways.