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Dexiaâs Collapse in Europe Points to Global Risks
Keywords:
Dexia and the U.S. Federal Reserve
04/07/2011
Dexia based in Brussels and Paris borrowed $300 billon from the U.S. Fed during the 2008 financial crisis, the most by any European bank.
Grouped Articles
Why a Foreign Bank Feasted on Fed Funds
BusinessWeek 04/07/2011
Euro Jitters Ricochet Across U.S.
Wall Street Journal 06/18/2011
Wall Street Journal 09/14/2011
Belgium Cabinet to Meet as Dexia Weighs Options
Wall Street Journal 10/04/2011
Dexia's Troubles Reverberate to West
Wall Street Journal 10/04/2011
Bank's Troubles Cross Atlantic, Cost U.S. Cities, Towns
Wall Street Journal 10/05/2011
The breakup of Belgium's Dexia bank in 2011
10/04/2011
Grouped Articles
Belgium Cabinet to Meet as Dexia Weighs Options
Wall Street Journal 10/04/2011
Dexia's Troubles Reverberate to West
Wall Street Journal 10/04/2011
Bank's Troubles Cross Atlantic, Cost U.S. Cities, Towns
Wall Street Journal 10/05/2011
European Banks Face Huge Losses From Greek Bonds
New York Times 10/05/2011
Dexia Casts Long Shadow Over Europe
Wall Street Journal 10/08/2011
France, Belgium Reach Pact on Ailing Dexia
Wall Street Journal 10/10/2011
John Cochrane and other experts give a no-nonsense view of the bailouts and the financial crises facing Europe
12/02/2010
Insights that the real problem is short term debt financing. The need for the EU to insist on long tem debt financing for governments in Europe. The solution for this crisis is not in bailouts of Greece, Spain, Italy and so on, but to swap the short term debt for debt with longer term maturities, and for bondholders to take a haircut. Similiar to the Brady Plan for Latin America in the late 1980's. The bailout of Ireland in reality not a bailout of Ireland, as a bailout of German and British banks that made risky loans to Irish banks and the Irish government. The U.S. government's debt also tilted to short term debt and problems similar to European problems.
Grouped Articles
EU Dismisses IMF's Criticism On Greek Bailout
Wall Street Journal 06/07/2013
'Contagion' and Other Euro Myths
Wall Street Journal 12/02/2010
As Ireland Flails, Europe Lurches Across the Rubicon
Wall Street Journal 12/27/2010
Running the euro zone: Pact of uncompetitiveness
Economist 02/12/2011
Wall Street Journal 03/11/2011
Europe Needs to Apportion Pain
Wall Street Journal 03/17/2011
The Default option in the Irish banking crisis.
11/23/2010
The option of default or a solution that involves a haircut for bondholders, for Ireland or other euro-countries facing debt crisis.
Grouped Articles
Wall Street Journal 11/23/2010
'Contagion' and Other Euro Myths
Wall Street Journal 12/02/2010
European banks: The last idealists
Economist 12/11/2010
Ireland's Not-So-Grand Bargain Options
Wall Street Journal 02/25/2011
Ireland's Bonds Downgraded to Junk
Wall Street Journal 07/13/2011
Plan for Greece Favors Creditors
New York Times 07/25/2011
Dexia's operations with cities and towns in the U.S.
10/05/2011
Grouped Articles
Bank's Troubles Cross Atlantic, Cost U.S. Cities, Towns
Wall Street Journal 10/05/2011
Dexiaâs Collapse in Europe Points to Global Risks
New York Times 10/22/2011
Resolution on Remnants of Dexia Is Near
Wall Street Journal 02/06/2012
Dexia Posts 2011 Loss on Greece, Restructuring
Wall Street Journal 02/23/2012
Wall Street Journal 12/30/2012
U.S. municipal bonds and Dexia bank- 2011-2012
06/18/2011
Grouped Articles
Wall Street Journal 11/03/2014
Euro Jitters Ricochet Across U.S.
Wall Street Journal 06/18/2011
Belgium Cabinet to Meet as Dexia Weighs Options
Wall Street Journal 10/04/2011
Dexia's Troubles Reverberate to West
Wall Street Journal 10/04/2011
Bank's Troubles Cross Atlantic, Cost U.S. Cities, Towns
Wall Street Journal 10/05/2011
Dexia Casts Long Shadow Over Europe
Wall Street Journal 10/08/2011
Similarities between the experience of Argentina in 2001 and the experience of Greece, Ireland, Portugal and Spain in 2010-2012
12/09/2010
The financial crisis in the euro-zone and a similar situation that prevailed in Argentina in 2001. Experts from that period are convinced that euro-zone bondholders will have to accept securities offering less interest and maturing over a longer period.
Grouped Articles
Greek Government Bonds Pay Off Big for Fund Managers
Wall Street Journal 10/28/2013
Argentine Farmers Reap Discontent
Wall Street Journal 05/29/2014
What Greece Faces if It Defaults
New York Times 04/29/2015
If Greece Defaults, Imagine Argentina, but Much Worse
New York Times 06/25/2015
The Argentina Veterans Eye the Euro Warily
BusinessWeek 12/09/2010
Government debt: Behold 2011, the year of sovereign shocks
Economist 12/18/2010
The logjam between the bondholders (mostly French and German banks) and the German government- 2010-2012
07/01/2011
The roots of the Eurozone financial crisis go back to the issue of who should pay for the excess lending of French and German banks. Will it be the German taxpayer or the banks that took excessive risks? German financial experts, the German government and parliament, German public opinion, are all adamantly opposed to letting the banks off without sharing at least 50% of the costs of a bailout. A review done by the European Commission in coordination witht he IMF and the ECB, shows that from May 2010 (the date for the inception of the aid program to Greece) to September 2011, $52 billion of the $91 billion loaned to Greece went to pay bondholders for bonds that came due. The July 2011 EU agreement for Greece called for 21% of losses to be allocated to the bondholders. The German government is pushing for 50% and German parlamentary leaders in Merkel's party are balking at anything less.
Grouped Articles
Wall Street Journal 07/13/2011
New York Times 04/13/2013
Policy âTroikaâ for Europe Financial Woes at Odds
New York Times 06/07/2013
Most Greek bailout money has gone to pay off bondholders - The Washington Post
Washington Post 10/23/2011
Dexiaâs Collapse in Europe Points to Global Risks
New York Times 10/22/2011
European Officials Shaping Greek Rescue and Effort to Aid Banks
New York Times 10/22/2011
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