sovereign debt

First Greece, Now Spain?

At the end of 2011, the Long-Term Refinancing Operation (LTRO) brought a modicum of stability to financial markets in Europe. When coupled with the “orderly” default of Greece, the situation…

Italy – The Eurozone’s Latest Headache

Yesterday, the global markets experienced a dynamic sell-off and you should know why. This time it’s Italy. To explain what’s going on, let’s relate this whole situation to your home…