Lorcan Roche Kelly

Not a Big Bang, But It Could Work
Wednesday, May 29, 2013
Lorcan Roche Kelly
Business credit languishes in the euro area, but there's a better solution than negative rates.
ECB: It Takes Whatever
Wednesday, May 22, 2013
Lorcan Roche Kelly
The euro sovereign carry trade turns out to be a myth. SME credit is where the pressure is.
Restructuring Austerity
Thursday, May 9, 2013
Lorcan Roche Kelly
The "end to austerity" in Europe does not mean the end to structural reforms (or austerity).
On the May ECB Policy Decision
Thursday, May 2, 2013
Lorcan Roche Kelly
A mostly meaningless rate cut -- but a strong new liquidity program and break for ELA.
Draghi's Troika of Troubles, Volume 2
Tuesday, April 30, 2013
Lorcan Roche Kelly
Draghi can either cut rates Thursday -- or do something that might actually help.
Gold Crash: The Cypriot Connection
Wednesday, April 17, 2013
Lorcan Roche Kelly
Cyprus may sell its small gold hoard, but it's unique -- other euro area nations can't and won't.
The EIB, Not the ECB
Friday, April 12, 2013
Lorcan Roche Kelly
Don't laugh: the ECB wants a credit program for Greece to become the euro area template.
On The April ECB Policy Meeting
Thursday, April 4, 2013
Lorcan Roche Kelly
No optimism, no rate cut, and no new solutions beyond a commitment to act -- somehow.
Draghi's Troika of Troubles
Wednesday, April 3, 2013
Lorcan Roche Kelly
Structural Operations could fix disinflation, too-slow money growth, and fragmentation.
Dubious Timing, Obvious Truth
Thursday, March 28, 2013
Lorcan Roche Kelly
No more euro area bank bail-outs allowed -- but most banks have been bailed out already.