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Archive: November, 2011

Ciao euro?

Today’s coordinated central banks action is a very positive step to stabilize markets, as it amounts to the shock to expectations needed to break the crisis dynamics that had intensified in the last 2-3 weeks. However, it is the most prominent proof that European crisis management had failed, which fed speculation of a euro break read more

Martin Anidjar | November 30, 2011

In Mario we trust

The euro crisis has been about Italy for some time now. The October 27 announcements had the right main ideas, but lacked detail and were insufficient in magnitude. Because the main ideas had been floated back in the IMF Meetings (Sept. 23-25), markets had recovered somewhat during October, making conceptual announcements insufficient. Given the political read more

Martin Anidjar | November 09, 2011

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