Soft persuasion perhaps. "Massive diplomatic force"? I don't think so because US and China are not prepared to foot the Euro bill.

America and China must crush Germany into submission

Italy debt at 2 trillion is too big to rescue. Even the leveraged EFSF at 1 trillion is only half Italy's debt size. Remember that Italy also has to contribute to the EFSF fund. Only ECB and IMF can help Italy. Between Italy and Spain, Spain is the ...

Eurozone has no plans for financial rescue of Italy

Prepare to hear from the rating agencies in the next few days if the bond yield persists above 7%. I speculate that French banks are dumping their Italian bond holding now to save themselves from rating downgrade, and these selling plus margin call ...

Italy Govt Bonds 10 Year Gross Yield 7.21500%

EFSF fund will be rendered meaningless when France lose its AAA rating. No need to discuss how and where the money come from. It will fail to materialize. ECB will have no choice but to come in and monetarise the debt.

Goldman Sachs On Italy: "What's Next"

Political instability plus elevated Italian bond yield plus slowdown in Eurozone growth plus shrinking of Italian's budget surplus = rating agencies' further downgrade of Italy sovereign bond rating, which further elevates the bond yield further ...

Goldman Sachs On Italy: "What's Next"

Word of wisdom indeed, Anon. For one to stay in power so long, he is not a 'simple' guy. I have the same opinion that it may be bad for Italy in the short term. However, if they can find a 'better' PM, then it may benefit Italy in the long term. A ...

Italy's Berlusconi to resign after approval of austerity law

Its simple math. Nobody want to be Italy PM in this current period when Italy is the center of global attention and possibly the origin and cause of a global financial system meltdown.

Berlusconi wins budget vote

You have fool in charge, you make a mockery of the central bank. Besides ensuring 'price stability', FED is now entrusted to take care of employment, BoE is now in charge of taking care of economic growth (hell with the high inflation), ECB is ...

SNB’s Hildebrand: CBanks Need Tools To Counter Fin Stab Risks

Movements in EUR/USD and USD/CHF will move EUR/CHF in triangular arbitration. We are taking about SNB 'intervention' in EUR/USD and USD/CHF. These 2 markets are not small. In general, SNB has to also take care of the other EUR/XXX and XXX/CHF ...

Jordan: SNB To Return To Normal Policy When Conditions Allow

SNB feeling the heat from the market. Japan is smarter, probably having learnt the lesson that the market can teach a country some humility when it come to forex exchange. The cost of defending the 'peg' outweighs to a large extent the benefits ...

Jordan: SNB To Return To Normal Policy When Conditions Allow

If ECB is starting to distance itself from the debt issues, now acknowledging that they are doing more harm than good in buying up the PIIGS' nation bond, then it is not logical for others to be more enthusiastic than the ECB in rescuing eurozone. ...

Slowing China won't rescue the eurozone

If idiot equates stupidity, then yes, young men are idiots, imo. You can see it so clearly in their behaviours. I was once them. Let age drain the hormone from their system, and only then can some space be made available for wisdom to fill its place ...

No More Home Alone as Economy Drives Men to Live With Parents

EUR/USD will go down only on dollar buying, most likely current scenario would be on risk aversion/risk off market. Euro risk will only likely to have muted effect on EUR/USD as SNB is buying up all the Euro risk in its EUR/CHF 'peg'. If you short ...

COT Positioning Shows EUR/USD Net Shorts Only Budged to 60,060 Contracts

It depends on how many of the outstanding positions are 'weak' positions. The increased margin requirement is going to force out these 'weak' positions. If there are significant number of these positions, it will create volatility on Monday. Other ...

CME Goes To Margin DefCon 1: Makes Maintenance Margin Equal To Initial For... Everything!?

If world governments can condone and turn a blind eye to the continual and irreversibly harms caused to the earth environment via their industrial pollution, which in my opinion our planet earth is a truly "Too Big To Fail" case, I don't see how any ...

Global Banks Named As "Too Big To Fail"

This is the positive spin from the article: "1) While Oct job gains were only 80k, the weakest in 4 months, the prior two months were revised up by a net 102k 2) Initial claims below 400k at 397k 3) Oct Vehicle sales in line with estimates but best ...

Succinct summation of week’s events (11/04/2011)

If the media or market can self-celebrate about a weak job market, it just show you the long-term toll of the bear on the investors. When you are depressed for "an extended period of time", you just want to break the doom and go on a buying spree, ...

The Good News About the Weak Job Market

Fail or no fail does not matter. Market is just finding an excuse to go up. Bad news, it rally. Good news, it rockets up. Market always place a bet in the future. The current bet is bullish, my estimate is 90% of optimism is already priced in. The ...

U.S. economy adds 80,000 jobs in October

Greece leaving EU will be a bad thing, not because Greece leave EU but because it will set a precedent in EU history of a member country exit. Future leaders of EU will find it hard to 'control' and impose discipline and hard measures on member ...

Greece cannot stay in euro zone at any price-Juncker

Papandreou is sacrificing himself. He probably discussed with a few of his party members to vote him out in this Friday's confidence vote. With his removal as PM, the imminent referendum will be voided and he alone will carry the responsibility of ...

Greek finance minister says participation in the Euro cannot depend on a Referendum