Posts Tagged ‘ Italy Greece ’

JP Morgan fiasco means higher interest rates ahead | Chriss Street and Company

May 15, 2012

If there was an Academy of Motion Picture Arts and Sciences Award for the best acting performance by a CEO, Jamie Dimon of J.P. Morgan Bank would surely win the Oscar for his dismissal of a $2 billion off-shore derivative loss as “a complete tempest in a teapot.” Dimon tried to use all his...
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Why the Eurozone Debt Crisis Never Really Went Away

By David Zeiler

May 3, 2012

Why the Eurozone Debt Crisis Never Really Went Away

How many times have we been told the Eurozone debt crisis is resolved, only to have it turn up again like a bad penny?

Last year's string of good news/ bad news on the Eurozone debt crisis had the markets going up and down like a yo-yo until the routine...
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On PIGS on Drugs

By Bruce Krasting

February 27, 2012

An interesting article in the Swiss press this morning regarding the big Swiss drug companies, Roche and Novartis. Apparently the PIGS are not paying their drug bills. The numbers are big. The bills have been unpaid for years. Some excerpts from the...
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"Greek rescue – if only"

By Bears Chat at The Wall Street Examiner

October 14, 2011

Oct 8, 2011 Greek rescue - if only By Reuven Brenner Consider first the demographic issues surrounding Greece and Europe, and see how they are linked to potential solutions. In a world where political institutions would be stable within a country...
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As Greek Debt Default Nears, Investors Need to Take Cover

By David Zeiler

September 14, 2011

As Greek Debt Default Nears, Investors Need to Take Cover

At this point a Greek debt default is virtually unavoidable, and it could happen in a matter of weeks.

The ensuing chain reaction will upend markets around the world and will almost surely lead to more defaults among the European Union's (EU) other debt-plagued nations, collectively known as...
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Why the New IMF Chief Will Cost U.S. Taxpayers Billions

By Kerri Shannon

June 29, 2011

Why the New IMF Chief Will Cost U.S. Taxpayers Billions

The International Monetary Fund (IMF) has made another mistake - a mistake that'll cost U.S. taxpayers a lot of money.

The organization's executive board yesterday (Tuesday) selected French Finance Minister Christine Lagarde as its new leader. A U.S. pledge of support Tuesday morning secured Lagarde's approval. She already had...
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Keeping an Eye on the Real Ball

By Russ Winter

December 21, 2009

In keeping with my primary theme of following developments on the sovereign credit risk and endless backstop front, we go straight to the PIIGS (Portugal, Ireland, Italy, Greece, and Spain). The EU sent out another disclaimer to PIGGS member Greece, warning that no fiscal bailout will be forthcoming. Elsewhere the Dubai bagunca (mess) appears...
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Keeping an Eye on the Real Ball

By Winter Watch

December 21, 2009

In keeping with my primary theme of following developments on the sovereign credit risk and endless backstop front, we go straight to the PIIGS (Portugal, Ireland, Italy, Greece, and Spain) front. The EU sent out another disclaimer to PIGGS member Greece, warning that no fiscal bailout will be forthcoming. Elsewhere the Dubai bagunca (mess)...
Read More »