Eurozone Periphery Still at Risk

Variant Perception has been writing about positive leading indicators in Europe for the past 6 months and, in this light, the recent improvement in the data is coming in as expected. The cyclical recovery in Europe is real and will likely have further to go in the...

From A Pact Made In Heaven To One Contrived In Hell

This weekend’s Italian elections are provoking a good deal of commentary and fueling mounting concern about possible consequences for the European debt crisis, and in particular for the outlook for Italian sovereign spreads in the short term. We think much of this...