Tag: "Greece"

Short-Lived Euphoria in Europe
1

Short-Lived Euphoria in Europe

by

by on Nov 02, 2011 in Featured, The Economy
Print This Article

Thursday, Oct. 27, 2011, was a giddy day for European politicians and global investors. European Union officials announced a plan for addressing the EU’s worst financial problems. There would be a partial write-down of Greek sovereign debt—a 50 percent haircut for private bondholders, but no haircut for governmental creditors (the political class looks after its […]

Greece on the Brink
1

Greece on the Brink

by

by on Sep 22, 2011 in Featured, The Economy
Print This Article

The Greek government is in a gigantic financial hole and is teetering on the brink of defaulting on its debt. It has been able to limp along since last year only with bailouts from outside of Greece. According to the latest reports, the Greek government will run out of money in October unless it receives […]