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Eye on the Market, July 25, 2011
ney to be lent to countries before they enter into an IMF program, for recapitalization of banks. All things considered, it’s the broadest defense of the Monetary Union so far. On paper, it even looks like a free ride for holders of Greek paper that don’t participate in the debt exchanges (they would be paid at par).
Page: HOUSE_OVERSIGHT_025216 →ks). If Italy or Belgium entered Europe’s Liquidity Hospital, a lot more money might be needed from European parliaments (in one worst-case scenario, Alliance Bernstein estimates that the EU lending facility would have to increase from 440 bn to 1.7 trillion Euros, mostly from Germany). Italy faces a multi-notch down
Page: HOUSE_OVERSIGHT_025217 →Microsoft Word - 07-25-11 - EOTM - White Castle.docx
l things considered, it’s the broadest defense of the Monetary Union so far. On paper, it even looks like a free ride
gn funding needs (including deficits) through 2013 - Billions, EUR 1,800 1,600 1,400 1,200 1,000 800 Greece package (in one worst-case scenario, Alliance Bernstein estimates that the EU lending facility would have to increase from 440 bn to 1.7 trillion Euros, mostly from Germany). Italy es EFSM 600 400 200 f
Page: HOUSE_OVERSIGHT_025223 →Eye on the Market, July 25, 2011
ney to be lent to countries before they enter into an IMF program, for recapitalization of banks. All things considered, it's the broadest defense of the Monetary Union so far. On paper, it even looks like a free ride for holders of Greek paper that don't participate in the debt exchanges (they would be paid at par).
Page: HOUSE_OVERSIGHT_031160 →ks). If Italy or Belgium entered Europe's Liquidity Hospital, a lot more money might be needed from European parliaments (in one worst-case scenario, Alliance Bernstein estimates that the EU lending facility would have to increase from 440 bn to 1.7 trillion Euros, mostly from Germany). Italy faces a multi-notch down
Page: HOUSE_OVERSIGHT_031161 →Entities connected to both the Monetary Union and Alliance Bernstein

JPMorgan Chase
ORGANIZATIONJ.P. Morgan Securities LLC
ORGANIZATION
Barack Obama
PERSON
Bernard Connolly
PERSON
Ronald Reagan
PERSON
Harry Reid
PERSON
Mitch McConnell
PERSON
Office of Management and Budget
ORGANIZATIONthe Gang of Six
ORGANIZATION
Belgium
LOCATION
the Heritage Foundation
ORGANIZATIONMichael Cembalest
PERSON
Bundesbank
ORGANIZATION
White Castle
ORGANIZATIONThe Peterson Foundation
ORGANIZATIONthe German Social Democratic Party
ORGANIZATION
the Institute of International Finance
ORGANIZATIONLiquidity Hospital
ORGANIZATIONHamiltonian Advisors
ORGANIZATION
Weidmann
PERSON