The diabolic loop between the solvency of the banking system and the sovereign fiscal position is now apparent (Lane 2012). In Greece, it is the…
The European bailout of 130 billion euros ($163.4 billion) that was supposed to buy time for Greece is mainly servicing only the interest on the…
The cost of Greece exiting the euro would be unmanageable and probably exceed the 1 trillion euros ($1.25 trillion) previously estimated by the Institute of…
Michigan Governor Rick Snyder secured passage of “Public Act 4, the Local Government and School District Fiscal Accountability Act. The Act allows the Governor to appoint emergency managers (EMs) for any government in Michigan. The EM has unlimited dictatorial powers.
Greek president calls for technocrat government (via AFP) Real Time Tax Data Hot Like the WeatherLEE ADLER 1 – LIQUIDITY TRADER- MONEY TRENDS JULY 6, 2021 Greece’s…
Greece, Spain Continue to Worry the Markets (via ForexPromos) Real Time Tax Data Hot Like the WeatherLEE ADLER 1 – LIQUIDITY TRADER- MONEY TRENDS JULY 6, 2021…
By Marshall AuerbackHere’s the draft of the supposed agreement to “sort out” the Greek debt problem once and for all. According to Bloomberg, here are the essentials: Greece’s 2012 GDP will shrink by as much as 5%.Greece is expected to return to growt…
January 10, 2012
Hedge Funds the Winners if Greek Bailout Arrives
By LANDON THOMAS Jr.
LONDON — Could Greece’s next rescue payout go straight into the pockets of London hedge funds?
That, more or less, is the bet that a growing number of inves…
Global bondholders to decide on Greek swap offer
On Friday September 9, 2011, 4:26 am EDT
By George Georgiopoulos
ATHENS (Reuters) – Investors in Greek government debt worldwide will tell regulators on Friday whether and how they will participate in …
Without the aid, Greece is expected to run out of money within weeks, say senior Greek government officials.
http://www.calculatedriskblog.com/2011/09/wsj-greeces-recession-deepens.html
