As the Greek government engages in its first public market bond sale in three years today, the debt environment around larger Europe appears steady at present. The recent S&P upgrade on Greek debt contingent, in part, on debt relief, has been greeted by a successful bond offering Tuesday amid the wider EU region being painted with an attractive brush. Looking at government funding trends for the EU’s “big five” government shows muted yet diverging funding trends, a Moody’s report notes, but if you remove Germany the EU Debt To GDP looks a lot different. [klarman] In Germany, debt to GDP…
EU Government Debt Stabilizes, But If You Strip Out Germany Picture Is Bleaker
Mark Melin
Mark Melin is an alternative investment practitioner whose specialty is recognizing the impact of beta market environment on a technical trading strategy. A portfolio and industry consultant, wrote or edited three books including High Performance Managed Futures (Wiley 2010) and The Chicago Board of Trade’s Handbook of Futures and Options (McGraw-Hill 2008) and taught a course at Northwestern University's executive education program.