At this point it really doesn’t matter which way the crisis in Greece goes. The worlds confidence has fallen as bond markets have shown more alarm and the GIIPS have been forced a bailout. Government debt situations and the banking industry and heavily linked GLOBALLY, and more is likely to come (MF GLOBAL). The fallContinue reading “Crisis of Confidence”
Tag Archives: Selective default: Greece
“This is a question of whether we remain in the euro zone. This is very clear. It’s clear to everyone” – Papandreou
Ok, here is the itinerary: The ECB is meeting on November 3rd. The G20 is meeting on November 3-4, The Papandreou is attending on the 2nd day. A Eurogroup meeting will follow on November 7th, followed by an EU Ecofin meeting on November 8. The Troika was meant to disburse the sixth tranche of theContinue reading ““This is a question of whether we remain in the euro zone. This is very clear. It’s clear to everyone” – Papandreou”
It’s official in 2041 Greece will be underwater, right alongside Atlantis.
Its official greece is in selective default. If you’re a holder of Greek bonds right now, (sucks to be u) maturities will be extended, but you have three choices. One: You can do nothing, and hope that Greece pays you in full and on time. two: Extend your maturities out to 30 years, and acceptContinue reading “It’s official in 2041 Greece will be underwater, right alongside Atlantis.”