January 9, 2012

Doubts Grow on Greek Debt Restructuring

Böll, Der Spiegel

AP Photo

The outlook for cash-strapped Greece is looking increasingly bleak. Government reforms are behind target, and negotiations with private creditors over voluntary debt relief are stalled. A disorderly default could be just weeks away.

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TAGGED: Greece, Euro


January 3, 2012
Eurozone Leaders Haven't Learned
Daniel Hannan, Telegraph Blogs
Do you remember that scene in The Simpsons where Homer, King of the Springfield Mardi Gras, is rolling downhill in an out-of-control float, and commands that his 'subjects' sacrifice themselves by throwing themselves before the... more ››
January 3, 2012
Happy (?) 10th Birthday to the Euro
Fareed Zakaria, Global Public Square
There's a big birthday to note today taking place on the other side of the pond. The celebrant is 10 years old. But sadly the youngster doesn't seem to be in much of a mood for a party today. more ››
December 27, 2011
How Will the Euro Fare in 2012?
Peterson Institute
As the most anxious year in the history of the euro draws to a close, and with dire predictions about the euro’s fate in 2012, it is an irresistible option for this author to take stock in a more realistic way. Despite all this... more ››
January 6, 2012
Greece Heads Toward Default
Wall Street Journal
Greek Prime Minister Lucas Papademos told a group of labor-union leaders Wednesday that he expected that a deal on a 50% haircut on Greek government bonds would be sealed within two weeks. A day earlier, a government spokesman... more ››
January 5, 2012
The Danger Debt Poses to the Western World
Alexander Jung, Der Spiegel
Countries around the world, particularly in the West, are hopelessly in the red, with debt rising every day. Even worse, politicians seem paralyzed, unable -- or unwilling -- to do anything about it. It is a global disaster... more ››