Hung out to dry in emerging Europe
Once upon a time foreign ownership of domestic banking sectors was deemed a “rating strength” in central and eastern Europe.Before the financial crisis, foreign banks had...
Citi’s high carbs diet
It seems like more or less anything can be deemed an asset class these days.Here’s the latest one from Citigroup analysts: ‘Carbs’. No that’s not McDonalds and Coca Cola,...
Looking at the eurozone through a NIIP prism
Whichever way you look at it, the eurozone crisis is ugly.But looking at the overall indebtedness of peripheral economies instead of focusing solely on their public sector debt...
Mariano Rajoy – Europe’s quarterback
Europeans tend not to understand American football, not least because the ‘ball’ seems to rarely make contact with the ‘foot’.But let’s hope Mariano Rajoy, the candidate...
Everything’s not lost in a lost decade
The dreaded lost decade that is staring the developed world in the face might not be so bad after all. At least according to Citigroup’s glass-half-full equity strategy team....
Indie v sell-side research and a UniCredit spam alert
Turn on your spam filters. UniCredit is on fire:This email torrent was prompted by the bank’s decision to merge its loss-making western European equity-research unit with...
When Italian bonds trade in zero gravity
The drama in the Italian bond market in recent days has naturally raised a lot of questions, not least as to how sustainable the current financing levels are.Citi’s rates strategy...
Another day in Europe…
More EU pantomime on Wednesday:Take one, via Reuters:Italy was offered aid from the European Financial Stability Facility (EFSF) during the G20 summit at Cannes last week...
