GFC Act II - Sovereign Debt - EU
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EU BreakUp?
Morale tale - Lagarde etc
Greece default 2012
Responses to EU crisis 2012
UK Riots
“When I was in Norway one of the Norwegian politicians sat next to me at a dinner and said, “You know, there’s one good thing that President Obama has done that we never anticipated in Europe.
Wall Street’s Euthanasia of Industry | Michael Hudson
It was a grave error for Germany’s Angela Merkel and France’s Nicolas Sarkozy to invoke the spectre of sovereign defaults and bondholder “haircuts” at this delicate juncture, ignoring warnings from ECB chief Jean-Claude Trichet that such talk would set off investor flight from high-debt states.
Europe stumbles blindly towards its 1931 moment - Telegraph
Until now, that is. Suddenly, investors are asking if Britain may soon face its own sovereign debt crisis if the government fails to slash its growing budget deficits quickly enough to escape the contagious fears of financial markets. The pound fell to $1.4954 on Tuesday, its lowest level against the dollar in nearly 10 months.
News Analysis - Britain Grapples With Debt of Greek Proportions
Sorry, America, We're Too Corrupt To Fix The Financial System
Everyone talks about implementing serious reform of the financial system, starting with the way we regulate large, complex systemically important financial institutions. Unfortunately, we lack even the basic political equipment to implement any worthwhile reforms. As Thomas Frank points out in the Wall Street Journa l, the reforms that were implemented following the crash of 1929 were the product of the famous Pecora Commission.
GFC origin: Debt Greed Hedging
Like earthquakes, Goldman Sachs can strike anytime. Its work can slumber undetected for years, only to erupt, unanticipated, with catastrophic consequences. Consider: In 2001, Goldman set up some opaque financial transactions for the Greek government, the New York Times reported last month .
Harold Meyerson - Wall Street's financial aftershocks - washingt
Country Solvency
ARMageddon
France AAA