I'll post a quick "views" and comments in an hour, but here are the links first.
Previously on MoreLiver’s:
Roundups &
Commentary
News – Between
The Hedges
Markets – Between
The Hedges
Recap – Global Macro Trading
The Closer – alphaville / FT
Roundup – Kiron
Sarkar / The Big Picture
Tomorrow’s Tape – WSJ
Europe Plunges By Most In
Six Months– ZH
Meanwhile In European Financials... – ZH
Morning
Briefing (Asia): Profit Taking Extends Into North American Session – BNY Mellon
With the debate over the bailout for Cyprus now coming into focus, it’s time to start looking at the details and to come to some tentative conclusions as to how this may play out.
With the debate over the bailout for Cyprus now coming into focus, it’s time to start looking at the details and to come to some tentative conclusions as to how this may play out.
EUROPE
David Cameron’s European Spaghetti Bowl – Project
Syndicate
Cameron’s “Europe” speech on January 23 was powerful,
polished, contained a bold vision, and offered good arguments. But translating
those arguments into institutional reality will be a difficult challenge.
OECD Warns German Economic Growth Depends on
Migration – WSJ
Germany risks diminishing economic growth
if it doesn’t attract more immigrants to fill jobs, the Organization for
Economic Co-operation and Development, or OECD, warned in a new report Monday.
Plans for a banking union may not be able to
tackle the eurozone’s economic crisis – europp
/ LSE
EU executive warns national bank supervisors
over discrimination
– Reuters
National
regulators across the European Union have until the end of the month to show
they are not damaging the single market by being too heavy handed with banks
from elsewhere in the bloc, the EU's executive European Commission said on
Monday.
MARKET
RUT
So many ways to fail – Free exchange
/ The Economist
And the
risk of something going wrong is all the greater for Europe's lackadaisical approach to serious
recession and a growing unemployment problem.
Stocks And FX 'Breaking Bad' – ZH
When Not All Bonds Are Bonds – WSJ
The first
month of 2013 saw European bond markets treat banks as if the financial crisis
was over the hump and on a solid path back to normality.
PIIGS
Euro Spreads Widen – Bespoke
Euro Tremors Risk Market Respite on
Spain-Italy, Banks –
BB
Europe’s political tremors risk spoiling
the region’s market calm, with corruption allegations buffeting Spanish Premier
Mariano Rajoy and Italy’s Silvio Berlusconi narrowing the
front-runner’s lead as elections loom.
SPAIN
Germany's Merkel has "full
confidence" in Spanish leader Mariano Rajoy, accused of having received
secret payments together with other party officials.
Press release Statement by the EC and the ECB
following the conclusion of the second review of the financial assistance
programme for Spain – ECB
ITALY
Italian Austerity in the Polls – EconoMonitor
After four
years since the beginning of the world Great Recession, and one year of the
Monti-Merkel “austerity” therapy, Italy goes to the general elections. Here
is an account of what happened, what has been done and with what results.
If Cyprus wants a bailout, the best thing it
could do is come up with a grand political gesture to address the perception
that it is being used for money laundering and tax evasion. It is in everyone’s
best interests that this happens, preventing a messy default or a bailout that
sets dangerous precedents.
UNITED STATES
No, there probably isn't a bond bubble – Wonkblog
/ WP
IN FINNISH
Pankkien pilkkominen
– Hannu
Visti
Madonlukuja eurolle
– J.Vahe / piksu
Front Capital Oy päästrategi Ari Aaltonen on julkaissut
mielenkiintoisen katsauksen.