Posts tagged 'SDRM'

A eurozone safe against, or is it safe for, sovereign holdouts? Part two

So, do you believe that “exceptional and unique” story about sovereign debt restructuring in the eurozone?

Then, as advised in a recent paper by Lee Buchheit, Mitu Gulati, and Ignacio Tirado — which we’re revisiting as Cyprus bailout talks heat up — stop reading here. Read more

A two-tiered bond market in Europe

You saw Europe’s two-tiered rates market, and were chilled.

Now see Europe’s possible two-tiered bond market, and be confused. Read more

The distorted European bailout

Some weird goings-on in the Irish yield curve.

(Nicked from Frankfurter Allgemeine — the Ireland curve is the brown-ish one) Read more

Make European defaults – not bailouts, think tank says

The Germans are fast picking up support for their Sovereign Debt Restructuring Mechanism (SDRM) — along with new acronyms. So please welcome the ECRM.

Bruegel, a Brussels-based think tank, announced on Tuesday that “one of the main benefits of creating an ECRM would be the public acknowledgement that the default of a government on its debt is a real possibility in the euro area.” Read more

Beyond Europe’s bailout fund — a Q&A

There are, to be honest, many reasons to run as fast as you can in the opposite direction of the eurozone’s peripheral sovereigns right now.

But there’s one longer-term factor that has hoved into view lately. Read more