Daily Archives: March 12, 2012 @ 2:44 pm (Monday)

Market Should Be Assured by Debt Deal: Greek Minister

Yes, assured that taxing bond holders works to lower deficits. That is, their public debt is sustainable after the PSI bond tax. If anything, seems to me this kind of talk serves to keep investors away from any euro zone … Continue reading

Posted in Bonds, EU, Greece |

Euro zone deficit hawks out in force

Says it all: Schaeuble Says Deficit Spending Backers Have ’Learned Nothing’ (Bloomberg) German Finance Minister Wolfgang Schaeuble said that deficit spending is the wrong way to bolster economic growth. People who believe you can generate growth without pursuing budget consolidation … Continue reading

Posted in Deficit, ECB, Government Spending |