… European banks have large exposure to the PIIGS sovereign and/or commercial debt. All ..... make it immune. It has invested in the PIIGS along with everyone else. According to ..... EBA stress tests it has $140.61B in PIIGS exposure . It has a market cap of only …
… the lowest of any 12-month period since 2002. Much of Germany's solid growth has come from Club Med states borrowing to buy Bimmers. With credit cut off and PIIGS economies contracting, the German surplus is disappearing. 1 comment!
Fitch opines on a possible Greek exit from EMU, calling such a "break in a fundamental tenet underpinning the euro - that membership of EMU is irrevocable." Other than the rest of the PIIGS , France and Belgium are most at risk of a downgrade in the event of a Grexit . 1 comment!
… outweighed a rise in U.S. small business confidence . But stocks bounced off big early losses, the euro has firmed, and PIIGS bond yields have risen only slightly - all in all, a " remarkably benign " response to Europe's wild weekend. NYSE losers …
VIENNA, April 27 (Reuters) - Austrian insurer Uniqa has cut its exposure to euro zone periphery PIIGS countries by around 1 billion euros ($1.32 billion)- or half - since the end of last year, finance chief Hannes Bogner told reporters on Friday.
… slowdown, which has been most sharply felt in those countries on the periphery: Portugal, Ireland, Italy, Greece and Spain ( PIIGS ). This has seen the stock prices of many major European banks plunge to new lows over fears of their exposure to sovereign …
… threshold, which we believe signals sovereign credit stress is re-emerging in Europe. In fact, credit spreads in all the PIIGS (Portugal, Ireland, Italy, Greece, Spain) are on a widening trend. Admittedly, the behavior in Portugal is ambiguous …
… Aegon carries only a modest amount of PIIGS exposure, equivalent to only about 5 ..... Italy, Ireland, Greece, and Spain ( PIIGS ) is limited, compared to other European ..... relative to book value. We don't think PIIGS debt exposure is a major concern for Aegon …
… analyze which banks have the most exposure to Spain and to the PIIGS (Portugal, Ireland, Italy, Greece, Spain) in general ..... gross direct long sovereign debt exposure of the banks to the PIIGS countries. I know this information is not up to date, but …
… the market continues to churn higher in 2012, financials remain one of the riskiest sectors for a variety of reasons. The PIIGS debt debacle remains an ever present worry and with concerns beginning to build over Spain we could see more volatility in the …