Summaries and Analysis
Get flash to fully experience Pearltrees
Louisa Gouliamaki/Agence France-Presse — Getty Images Protesters at the Acropolis in Athens waved flags and hung banners in front of the Parthenon. Peter Boone is chairman of the charity Effective Intervention and a research associate at the Center for Economic Performance at the London School of Economics. He is also a principal in Salute Capital Management Ltd.
It’s Not About Greece Anymore - Economix Blog - NYTimes.com
Europe's Web of Debt - Graphic - NYTimes.com
In any case the euro zone is at a cross road. This crisis shows that it should either integrate further eco policies or... by May 6
Difficult to say. The drama for Greece is that it can't depreciate neither leave the euro and default would not help that much (they still have 8-10% primary deficit). Germany and France have ok level of debt (at least for now). More importantly they are more "protected" than Greece because if they were in danger the ECB would depreciate the euro thus giving some breading space. Actually, if Italy or Spain enter the dance that's maybe what the ECB will do. by May 6
True, and with economies like Germany and France in the mix, how is the ECB supposed to respond to current levels of sovereign debt? by May 6
Long-term interest rates of all eurozone countries except Estonia (secondary market yields of government bonds with maturities of close to ten years) [ 1 ] A yield of 6 % or more indicates that financial markets have serious doubts about credit-worthiness. [ 2 ] The European sovereign debt crisis is an ongoing financial crisis that has made it difficult or impossible for some countries in the euro area to re-finance their government debt without the assistance of third parties. From late 2009, fears of a sovereign debt crisis developed among investors as a result of the rising government debt levels around the world together with a wave of downgrading of government debt in some European states .
2010 European sovereign debt crisis - Wikipedia, the free encycl
If we learn the wrong lessons from Greece, our social safety net may wind up in tatters. Many market analysts, commentators and economists claim to be having a hard time finding a metric in which the US is in better financial shape than Greece. Ken Rogoff, for example, recently warned that a Greek default would usher in a series of sovereign defaults, and suggested recently on NPR that the crisis also had implications for the US. The historian Niall Ferguson made a similar claim a few months ago in the Financial Times.
Yes, Virginia. There is a Difference Between Greece and the US »
Just three days after a 110 billion euro ($134 billion) bailout of was presented as the latest step to stabilize European markets, the opposite has transpired.
News Analysis - Bold Stroke May Be Beyond Europe’s Means - NYTim
ECB may need a "TARP-like" program to restore confidence by May 6
Greece's sovereign-debt crunch: A very European crisis | The Eco
SOME would say that tragedy was inevitable from the moment, nine years ago last month, when Greece was admitted to the euro zone. Others would claim that woe was sure to befall such a disparate currency union sooner or later: if not Greece, then some other weak member of the club would have been the cause. Avoidable or not, trouble has arrived.
American investors got a sampling this week of what further deterioration in the euro zone could taste like.
Reuters Breakingviews - The Long Reach of a Foreign Crisis - NYT
LONDON — European and U.S. stock markets have taken a hit recently as investors worry about the debt crisis enveloping Europe, particularly in Greece. Here are some questions and answers on the Greece debt crisis.
A primer on Europe's debt crisis
Europe’s Debt Crisis: Your Questions Answered - Economix Blog -
7:29 p.m. | Updated On Sunday we invited your questions about the Greek debt crisis and its potential effects on markets and governments in the rest of Europe and beyond. Even as questions were being sent, the European Union moved to provide a huge rescue package intended as a “shock and awe” commitment to prevent the crisis from spreading.
More Answers on Europe’s Debt Crisis - Economix Blog - NYTimes.c
Our panel of economists is back with another installment of answers to your questions about the Greek debt crisis and its repercussions. The panelists are Simon Johnson , the former chief economist at the International Monetary Fund, an author of “ 13 Bankers: The Wall Street Takeover and the Next Financial Meltdown ,” and a Daily Economist here at Economix; Carmen M.A decade ago Russia was walking in the same shoes as Greece is today, striving to restore confidence in government bonds by seeking a huge loan from the and other lenders.
Euro Crisis Recalls Russia’s 1998 Monetary Meltdown - NYTimes.co
Our panel of economists is back with a final installment of answers to your questions about the Greek debt crisis and its repercussions. The panelists are Yves Smith , the financial analyst behind the “ Naked Capitalism ” blog and “ ECONned ,” who heads Aurora Advisors , a management consulting firm specializing in corporate finance advisory and financial services; Carmen M.