Could Finland Leave The Eurozone Opening The Door For Germany...
Once Finns break the taboo, it would be easier for Germany to extricate itself from an escalating national disaster without inviting opprobrium from across Europe, or so goes the argument.“We can’t start this off, but the Finns can,” said Hans-Olaf Henkel, former head of
VIX And More: The Evolution Of European Equity Risk
There are many ways in which investors can evaluate risk related to the euro zone. Credit default swaps for sovereign debt are one way to evaluate the risk of country default. Sovereign bond yields are a good proxy for a country’s access to funding via the credit markets. The euro crosses and
Passing The Bailout Buck - Philipp Bagus - Mises Daily
Recently, there has been an intense debate in Europe on the TARGET2 system (Trans-European Automated Real-time Gross Settlement Express Transfer System 2), which is the joint gross clearing system of the eurozone. The interpretation of this system and its balances has provoked divergent
When Slow Growth Looks Good - Interactive Feature - NYTimes.com
G.D.P. changes are in local currencies, adjusted for inflation. Figures through first quarter 2012, except for Ireland, which is through the fourth quarter of 2011.
ContagionEx - Greek STDs
Does the ailing world economy get you down? ContagionEx might be for you! Take a look at economic austerity and saving the world in a whole new light. A Mark Fiore political animation.but there's the problem, not only didn't they lose their money nothing has been done to prevent this
Weaker Euro Helps Spain And Italy, Not Germany | Reuters
BRUSSELS (Reuters) - Germany is the champion of exporters, but it may not be getting as much of a boost from a newly weaker euro as advertised -- indeed, there is evidence that the bigger beneficiaries could be the troubled economies on the euro zone periphery.Thomson Reuters data shows that German
Calafia Beach Pundit: A Eurozone Recovery Is In Sight
This chart of U.S. and Eurozone industrial production shows the huge divergence in economic activity that has opened up in the past several months between the U.S. and Europe. From the looks of this chart, the Eurozone economy has probably been in the grips of a modest recession since last September
13 STEPS FOR A GREEK EXIT FROM THE EURO | PRAGMATIC CAPITALISM
The following is a nice overview here of how a Greek exit could play out (via Wall Street Rant and Variant Perceptions):“1. Convene a special session of Parliament on a Saturday, passing a law governing all the particular details of exit: currency stamping, demonetization of old notes,
Calculated Risk: A Few Key Dates For The Greek Debt Deal
The debt deal needs to be finalized before March 20th when €14.4bn of Greek bonds mature. Without the debt deal, Greece would default on March 20th. On Monday Feb 20th, euro-area finance ministers are expected to meet in Brussels and approve the deal. According to Reuters: Some officials in
THE DISASTER OF AUSTERITY… | PRAGMATIC CAPITALISM
Today’s Greek GDP data was a total disaster with the economy sinking -7% in the 4th quarter of 2011:“Greece’s economy shrank at an annual 7 per cent rate in the last quarter of 2011 as the recession deepened, following a 5 per cent decline in Q3, flash estimates by the
Greek Debt Not Sustainable With 70 Percent Haircut: S&P |...
Germany's jobless rate is down to a 20-year low. But critics say the reforms have mainly broadened and entrenched the low-paid and temporary work sector, boosting inequality in a country with no minimum wage. Full Article NEW YORK (Reuters) - Greece will likely not achieve
Asia Resilient Amid Euro Debt Crisis: IMF
Anoop Singh, Director, Asia & Pacific Department, IMF says concerns persist over a possible spillover effect to Asia from the euro zone. However, he adds that Asia has room for stimulus.
Greek Default Not In Cards: German Finance Minister
"I am convinced we can avoid a Greek default," Wolfgang Schauble, Germany Federal Minister of Finance tells CNBC's Maria Bartiromo. "We are trying to do a growth friendly deficit deduction," he adds. Oilli Rehn, European Commissioner for Economic and Financial Affairs, also
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