aus dem heutigen Eurointelligence Daily Briefing
The crisis is back:
- Frenzy over increasingly likely Greek debt restructuring and outcome of Finnish elections sends eurozone bond spreads back up to crisis levels;
- Spain has returned once again in the spotlight of the markets;
- German and Greek newspapers report that officials had confirmed that debt restructuring would be under way;
- Reuters says investors disbelieve the story of a “voluntary restructuring”, fearing a massive forced restructuring down the road;
- Markets were also spooked by S&P downgrade threat for the US and the outcome of the Finnish elections;
- Finnish Social Democrats call for participation of True Finns in government, citing common ground on economic policy;
- Klaus-Dieter Frankenberger pleas for some perspective in the discussion over the significance of the True Finns;
- Peter Ehrlich sees the rise of a European Tea Party;
- Spanish bad loans ratio increases;
- Le Monde ruminates about the dichotomy of a strong euro and a weak eurozone;
- Wolfgang Schäuble supports Mario Draghi for the ECB presidency, but Merkel’s office sceptical about a “southern European”;
- The Bundesbank, meanwhile, went ballistic in its monthly report, criticising each aspect of the March 24/25 agreement as insufficient.
