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Comments on: Where are we with the Eurozone at the moment http://www.tvhe.co.nz/2012/08/06/where-are-we-with-the-eurozone-at-the-moment/ The Visible Hand in Economics Tue, 07 Aug 2012 02:00:00 +0000 hourly 1 https://wordpress.org/?v=6.9.4 By: Matt Nolan http://www.tvhe.co.nz/2012/08/06/where-are-we-with-the-eurozone-at-the-moment/#comment-39791 Tue, 07 Aug 2012 02:00:00 +0000 http://www.tvhe.co.nz/?p=7359#comment-39791 In reply to Adam Maynard.

A lender of last resort tells us that “normally solvent” banks will
not be allowed to fail – with that gone the financial crisis stops for
everyone else. Europe still has a rough time, but in NZ it will see
credit spreads narrow and firms more willing to invest.

I tell you what, when this is all done and dusted some people are
going to write some interesting books on what happened – its one hell of
a political story.

]]> By: Matt Nolan http://www.tvhe.co.nz/2012/08/06/where-are-we-with-the-eurozone-at-the-moment/#comment-39770 Sun, 05 Aug 2012 23:02:00 +0000 http://www.tvhe.co.nz/?p=7359#comment-39770 In reply to Adam Maynard.

A lender of last resort tells us that “normally solvent” banks will not be allowed to fail – with that gone the financial crisis stops for everyone else. Europe still has a rough time, but in NZ it will see credit spreads narrow and firms more willing to invest.

I tell you what, when this is all done and dusted some people are going to write some interesting books on what happened – its one hell of a political story.

]]> By: Adam Maynard http://www.tvhe.co.nz/2012/08/06/where-are-we-with-the-eurozone-at-the-moment/#comment-39765 Sun, 05 Aug 2012 22:49:00 +0000 http://www.tvhe.co.nz/?p=7359#comment-39765 It needs more than a lender of last resort, but that would be a good start towards bringing confidence in the market.

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