Greece Defaults
It’s official. Greece will default.But it’s an orderly default (as opposed to a disorderly default). There’s a huge difference.
Archive for: Europe Investing
Europe’s Economies Grow Worse But Asia Refuses to Follow
Here are the two international business headlines worth paying attention to this morning… Eurozone manufacturing contracts for seventh month and Chinese Manufacturing Expands for Third Month.
What If Everybody Is Wrong About Greece?
Greece is officially in technical default today, designated as such by the lame Standard and Poor’s. And Greece deserves it, right? Everybody and his mother knows that the Greek government can’t keep its promises to the EU on cutting back spending and reducing the pay and privileges of its pampered bureaucracy.
European Banks Slated for Another One Trillion Dollar Gift From the Central Bank
Bernanke started the near-zero interest borrowing rate craze. And Europe’s central bank, the ECB, began the same tack a few months ago, issuing loans to European banks at 1% interest. Its second round of loan auctions occurs next week
Lessons From Europe
If austerity is such a horrible policy, then how to explain Ireland? Yes, Ireland, the country that as recently as nine months ago was grouped right along with Greece as belonging to the economic dregs of Europe.
Feeling a Little “Greek Fatigue?”
Feeling a little numbed by news from Greece? I don’t blame you if you do. I’m beginning to feel a little jaded myself by the “news story that never ends.”
European Austerity Verses US Stimulus
Europe is entering into a recession. Statistics that came out yesterday show that Italy is the latest country succumbing to negative growth. Is austerity not working? Or does the fault lie in too little austerity in Europe?
The End of Democracy In the Land Where It Began
Europe’s biggest tragedy has largely escaped notice here in the US. It’s not the outbreak of civil unrest. Nor is it the scourge of a rapidly shrinking economy. It’s not the threat to European banks. And it isn’t the possible breakup of the European Union.
