Solvency

What the package has done is help to create a fire-break to avoid the spread of contagion throughout the eurozone.

This phenomenon is equivalent to the change from a brutal economic and financial equilibrium to another, not because the fundamentals of the macroeconomic environment would justify it, but because there was a change for good or bad reasons of market expectations

As was seen during the stress tests carried out in July 2010, the latest ones published by the European Banking Authority on the 15th of July 2011 do not include a proper measure of market systemic risk. This hinders their credibility.

Many pundits seem to be convinced that lower public sector creditworthiness and higher inflation are inevitable parts of our economic future

The Chinese rating agency Dagong Global Credit Rating Co. has downgraded last Thursday the credit rating of the United States to A +, on negative watch for possible downgrade. The agency had already downgraded the rating of France and Great-Britain...