Despite the best efforts of European policy makers, the CDS of the Euro-area’s PIIGS countries continue to signal severe stress. Ireland is the latest country to come under pressure from financial markets. Irish CDS have recently reached a new high. The market is anticipating that a default may be the only sustainable solution for some of these countries.
Jeremy Jones, CFA
Latest posts by Jeremy Jones, CFA (see all)
- Europe Takes Aim at America’s Big Tech Companies with Copyright Demands - February 21, 2019
- Surprise: Battery Powered Cars Don’t Work Well in Extreme Temperatures - February 20, 2019
- What Do You Need to Do Before You Retire? - February 19, 2019