via FT Alphaville, Fitch Ratings has come up with a timeline of upcoming events that they expect will “help shape the direction” of eurozone sovereign credit quality:

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click for ginormous chart

Category: Bailouts, Credit, Digital Media

Please use the comments to demonstrate your own ignorance, unfamiliarity with empirical data and lack of respect for scientific knowledge. Be sure to create straw men and argue against things I have neither said nor implied. If you could repeat previously discredited memes or steer the conversation into irrelevant, off topic discussions, it would be appreciated. Lastly, kindly forgo all civility in your discourse . . . you are, after all, anonymous.

3 Responses to “Eurozone Timeline”

  1. daveG says:

    As I recall from http://www.amazon.com/This-Time-Different-Centuries-Financial/dp/0691142165 Mr. Rogoff states that these super debt cycles take 6-7 yrs to unwind and have three waves along the way.

    We are perhaps just in yr 3 of 6-7 yrs. and the three waves are:

    1) private sector default-i.e. AIG, Bear, Lehman, ML, Countrywide FNM, FRE etc
    2) weak public sectors default- I don’t see the Eurozone’s accounting for this.. it will happen-PIIGS
    3.) strong public sectors pick up the weak public sector debt and then
    a.) restructure debt (modified defaults-haircuts, coupon & maturity restructurings)
    b.) inflate debt away
    c.) outright default on debt

    At least this is what the past 800 years has told us…

    hmm..

  2. rktbrkr says:

    OK, the Irish gov that “negotiated” the bank bondholder bailout just got stomped in the election (70%) turnout, next step is a referendum to repudiate the deal with the EU overlords and reestablish Irish independence.

    “Renegotiate or we’ll shoot the Euro”

    http://media.photobucket.com/image/buy%20this%20magazine%20or%20we%252527ll%20shoot%20the%20dog/Alex_Murphy/Stop-Shoot_the_Dog.jpg

  3. rktbrkr says:

    Irish bank withdrawals continue in Jan , another 17B, hard to pinpoint due to change in reporting – funny about that

    http://www.independent.ie/business/irish/figures-reveal-euro100bn-deposit-exodus-from-covered-six-2560091.html