Breaking: S&P Joins Fitch, Credit Suisse in Seeing Greek Bailout as Default
By John Ward http://hat4uk.wordpress.com/2012/02/24/breaking-sp-joins-fitch-credit-suisse-in-seeing-greek-bailout-as-default/ The Slog just got a press release from ratings agency S&P. This is the gist: ‘…holders of CAC-affected GGBs [Greek government bonds] will likely be effectively subordinated to the…
The Experts’ View on the Euro’s Future: It Doesn’t Have One
OLIVER WRIGHT, BEN CHU THURSDAY 02 FEBRUARY 2012 http://www.independent.co.uk/news/world/europe/the-experts-view-on-the-euros-future-it-doesnt-have-one-6298180.html The eurozone cannot survive in its current form – that is the alarming prediction of top economists and politicians of all political hues, among them…
The Collapse of the Euro
Bob Adelmann, The New American, 01-12-2012 http://www.thenewamerican.com/world-mainmenu-26/europe-mainmenu-35/10515-the-collapse-of-the-euro One of the unintended consequences of the ongoing and accelerating crisis in the eurozone is that ordinary citizens are taking their money out of the banks…
Eurozone Is Closer to Breakup, Warns Standard Chartered’s Peter Sands
The Telegraph, 01-05-2012 http://www.telegraph.co.uk/finance/financialcrisis/8986159/Eurozone-is-closer-to-break-up-warns-Standard-Chartereds-Peter-Sands.html The head of one of Britain’s “Big Five” banks warned that any break-up of the single currency would have dire consequences for the global economy because it would be…
