Newspaper icon
The latest issue of Financial Standard now available as an e-newspaper
READ NOW

Search Results

Showing 21 - 30 of 35 results for "Germans"

Disagreeing to agree

BENJAMIN ONG  |  THURSDAY, 20 OCT 2011
... sovereign debts, France wants to use the EFSF immediately as a first line of defense to recapitalise its banks. But the Germans say, "nein" - it'll only be used as a last resort. Then there's the case of the 21% or 50% haircut. It seems so easy and moot ...

Dream on

BENJAMIN ONG  |  TUESDAY, 18 OCT 2011
... From the looks of it all, there are a few - some details, after all, have already been leaked over the weekend. But the Germans are just being realistic. That's the positive spin. While the Europeans may have already stumbled upon a cure - no one, not ...

Bear killer

BENJAMIN ONG  |  TUESDAY, 4 OCT 2011
... deal, Deutschland has no other option at this current time - the alternative would be just be too painful, even for the Germans. In the meantime, expect continued volatile trading conditions until the Europeans announce to back Greece (and all other ...

All eyes on Germany

BENJAMIN ONG  |  THURSDAY, 29 SEP 2011
... finance minister Schaeuble's criticism of the US advice to leverage the EFSF via the ECB. Advice? You don't advise the proud Germans, especially not when its credit rating has one 'A' more than you. And it doesn't want to lose that one extra 'A'. Not ...

Promises and plans

BENJAMIN ONG  |  TUESDAY, 27 SEP 2011
... votes 'aye' on these measures on 29 September. And this is where it gets iffy. We all know how contemptuous the frugal Germans are of their profligate Greek neighbours. They must be thinking about what George W said in Washington back in January 2009 ...

Just do it

BENJAMIN ONG  |  WEDNESDAY, 29 JUN 2011
... spins given to explain the big gains on Wall Street overnight, it's probably Nike that did it. Cyber reports speak of the Germans now being in tight with the French and agreeing to swap a big portion of their banks' holdings of maturing Greek debt with ...

It's all good

BENJAMIN ONG  |  MONDAY, 30 MAY 2011
... and S&P - were less pessimistic. Fitch commented that even a 50 per cent haircut for Greek bondholders would not deplete Germans banks' capital to prompt a ratings change. S&P said that a Greek restructuring would not result in an automatic downgrade ...

ECB relents, sort of

BENJAMIN ONG  |  FRIDAY, 3 DEC 2010
... Market Program (SMP) - aka bond purchases. Weber even called for the programme to be axed two months ago. Easy for the Germans to say, I say. Their economy is benefiting from the European turmoil in terms of a weak euro, low interest rates and safe haven ...

Turkeys, PIGS and Koreans

BENJAMIN ONG  |  MONDAY, 29 NOV 2010
... doing damage. The Portuguese government now has to pay around 500 basis points (5.0 per cent) to borrow money than the Germans and Spain about 300 basis points more. Germans can can currently borrow at 2.73 per cent payable in 10-years. And this, my ...

Boring

BENJAMIN ONG  |  FRIDAY, 30 JUL 2010
... 101.3 in July - the highest since March 2008 - from 99 in the previous month. Likewise, strong export growth is helping Germans find jobs. Germany's unemployment rate fell to 7.6 per cent in July - the 13th straight month of decline - from 7.7 per cent ...