Sovereign debt
The new ‘Eurobond’ – the eurozone’s last hope?
As Europe’s sovereign debt woes deepen, markets are increasingly speculating over the need for a new ‘Eurobond’, guaranteed by all euro member states. Tanuj Khosla from 3 Degrees Asset Management looks at how such a bond might work
Barroso calls on eurozone to speed up completion of EFSF legislation
EC president calls for urgent action on bailout mechanism, but analyst says it could be months before the EFSF is legally allowed to purchase government bonds on the secondary market
Banks seeking high Asian returns may be disappointed
Uncertain outcome
Europe in a ratings wonderland
Europe in wonderland
Iceland returns to market with $1bn 5yr deal
Iceland returns to market with $1bn 5yr deal
Italy fiscal struggles raise new fears over creditworthiness
Mask of respectability
European insurers exposure to problem sovereigns 'manageable'
European insurers exposure to problem sovereigns 'manageable'
Eurozone authorities are losing credibility – CNB’s Singer
Credibility is key in crisis resolution and European authorities are failing to achieve, warns Miroslav Singer, the governor of the Czech National bank
Restructurings may offer a solution to eurozone debt woes, says John Redwood
MP and chairman of the investment committee at Evercore Pan-Asset says bondholders must reconcile themselves to taking losses in any restructuring plan for Greece and other troubled peripherals
Selling volatility and correlation remains popular, but is it safe?
Making way for the money-spinner
State Street warns of continued political dangers for Europe investors
From big picture to particular focus: Kevin Anderson profile
Credit risk
Special report
Risk institutional investor rankings 2011
A guiding light
Greek crisis poses problems for CDS market
The pros and cons of restructuring
US banks may lose sovereign clients over margin rules
US banks may lose sovereign clients over Dodd-Frank margin posting rules
EU support for naked CDS sets up collision with Parliament
Draft text would allow uncovered CDS but sketches out new reporting regime that could spook hedge funds
Senegal $500m 10-year bond spread tightening shows appeal of Africa debt
Yield on new 2021 Senegal bond tightens over 100bp after issue; investors suggest there is room for further tightening
Eurozone sovereign bailouts likely to stop at Portugal, say investors
The Eurozone crisis has already forced three members of the currency union to take EU/IMF bailouts but Spain, the next potential target of investors, is unlikely to follow
Bondholder haircuts back on the agenda as Greece nears default
Despite previous announcements by European authorities that haircuts would not be imposed on investors in restructurings involving Eurozone sovereigns and banks before 2013, with each passing month that promise seems unlikely to be kept
Video: Belgium's finance minister lays out European financial reform challenges
At Risk Europe in Brussels, Belgium's Didier Reynders speaks frankly about the sovereign debt crisis, financial sector reform and tensions between European institutions
Greek budget cuts raise default concerns
Markets prepare for the worst as Athens unveils new tougher austerity measures; IMF managing director Dominique Strauss-Kahn says cuts are necessary
EFSF expansion plans fail to convince credit investors as EU leaders branded ‘indecisive’
Investors hoped European leaders would finally provide clarity on their plans to resolve the Eurozone funding crisis at summit meetings in March. But the solutions offered have done little to dispel unrest in the market
Risk Europe: S&P slammed for linking Greece, Portugal downgrades to ESM
Eurozone bail-out vehicle doesn't hurt existing bondholders, EC official argues