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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 →ports indicating a slowdown in manufacturing and service sector surveys. Michael Cembalest Chief Investment Officer Notes [a] Bundesbank President Weidmann, in response to last week’s package: “By transferring significant risks to the support-giving countries and their taxpayers, the Euro area has taken
Page: HOUSE_OVERSIGHT_025219 →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
worst-case outcomes have been avoided (money market failures, bank runs, etc), but markets will remain nervous about Europe. > Bundesbank President Weidmann, in response to last week’s package: “By transferring significant risks to the support-giving countries and their taxpayers, the Euro area has taken
Page: HOUSE_OVERSIGHT_025224 →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 →reports indicating a slowdown in manufacturing and service sector surveys. Michael Cembalest Chief Investment Officer Notes [a] Bundesbank President Weidmann, in response to last week's package: "By transferring significant risks to the support-giving countries and their taxpayers, the Euro area has taken
Page: HOUSE_OVERSIGHT_031163 →Entities connected to both the Monetary Union and Weidmann

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