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Eye on the Market, July 25, 2011
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 →to one more package, the problem will go away. However, we are starting to see analyses of how costly a permanent transfer union may be for Germany. Bernard Connolly at Hamiltonian Advisors sent me a recent paper from the Centrum fur Europaische Politik in Freiburg, which provides some clues. They see three altern
Page: HOUSE_OVERSIGHT_025218 →Microsoft Word - 07-25-11 - EOTM - White Castle.docx
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 →to one more package, the problem will go away. However, we are starting to see analyses of how costly a permanent transfer union may be for Germany. Bernard Connolly at Hamiltonian Advisors sent me a recent paper from the Centrum fur Europaische Politik’ in Freiburg, which provides some clues. They see three alter
Page: HOUSE_OVERSIGHT_025224 →Eye on the Market, July 25, 2011
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 →to one more package, the problem will go away. However, we are starting to see analyses of how costly a permanent transfer union may be for Germany. Bernard Connolly at Hamiltonian Advisors sent me a recent paper from the Centrum fur Europaische Politik in Freiburg, which provides some clues. They see three altern
Page: HOUSE_OVERSIGHT_031162 →Entities connected to both Bernard Connolly and Alliance Bernstein

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