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Eye on the Market, July 25, 2011
e latest * Private sector involvement in Greek debt rollover, committed in principle by 30 financial institutions listed in the document released by the Institute of International Finance: target participation rate of 90%; exchange appears to result in Selective Default credit rating * Voluntary participation options Include exchanging
Page: HOUSE_OVERSIGHT_025217 →ortugal and Ireland, if you include Spain, it gets tight (note: the chart excludes costs to recapitalize banks). 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 wo
Page: HOUSE_OVERSIGHT_025217 →Microsoft Word - 07-25-11 - EOTM - White Castle.docx
e latest * Private sector involvement in Greek debt rollover, committed in principle by 30 financial institutions listed in the document released by the Institute of International Finance; target participation rate of 90%; exchange appears to result in Selective Default credit rating * Voluntary participation options include exchanging
Page: HOUSE_OVERSIGHT_025223 →ortugal and Ireland, if you include Spain, it gets tight (note: the chart excludes costs to recapitalize banks). If Italy or Belgium entered Europe’s Liquidity Hospital, a lot more money might be needed from European parliaments Limited capacity at the European Liquidity Hospital Official sector lending capacity vs
Page: HOUSE_OVERSIGHT_025223 →Eye on the Market, July 25, 2011
ortugal and Ireland, if you include Spain, it gets tight (note: the chart excludes costs to recapitalize banks). 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 wo
Page: HOUSE_OVERSIGHT_031161 →ty Facility FICA Federal Insurance Contributions Act EU European Union IMF International Monetary Fund HOUSE_OVERSIGHT_031163 --- PAGE BREAK --- IF Institute of International Finance ECB European Central Bank EMU European Monetary Union AMT Alternative Minimum Tax A White Castle hamburger is smaller than its competitors' offerings
Page: HOUSE_OVERSIGHT_031164 →Entities connected to both the Institute of International Finance and Liquidity Hospital
Michael Cembalest
PERSON
JPMorgan Chase
ORGANIZATIONJ.P. Morgan Securities LLC
ORGANIZATION
Bundesbank
ORGANIZATION
Ronald Reagan
PERSON
Barack Obama
PERSON
Mitch McConnell
PERSONthe Gang of Six
ORGANIZATION
Belgium
LOCATION
Bernard Connolly
PERSON
Harry Reid
PERSON
Office of Management and Budget
ORGANIZATION
the Heritage Foundation
ORGANIZATION
White Castle
ORGANIZATIONThe Peterson Foundation
ORGANIZATIONthe Monetary Union
ORGANIZATIONthe German Social Democratic Party
ORGANIZATION
Alliance Bernstein
ORGANIZATIONHamiltonian Advisors
ORGANIZATION
Weidmann
PERSON