Euro Default Archive
EU stance shifts on Greece default
Mosler bonds issued to both address current funding requirements and buy back discounted Greek govt debt would further enhance the credit worthiness of those bonds by further and substantially reducing Greek govt interest expense. Interesting how the word now coming out on the French plan, which initially was greeted with a near
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Greece on the slippery slope
Banking, Bonds, Currencies, Deficit, ECB, EU, Germany, Government Spending, Greece, Inflation
Jun 16, 2011
First, I think there isn’t enough political or popular support to leave the euro and go back to the drachma. As previously discussed, it’s not obvious to the population or the political leadership that there is anything wrong with the euro itself. Instead, it probably seems obvious the problem is the result
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CNBC article quoted me today
Currencies, ECB, EU
Jul 13, 2010
I got a nice mention in a CNBC article today: Why Portugal Downgrade Didn’t Slam Stocks By Antonia Oprita July 13 (CNBC) — Investors do not see Portugal’s rating downgrade by Moody’s as an event that will shake the markets, but it confirms the fact that the outlook for some economies in
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US Plays Down European Crisis but China Worried
China, Currencies, EU
May 24, 2010
Yes, China is worried- they own the national govt paper a part of their currency reserves US Plays Down European Crisis but China Worried The United States suggested Europe’s debt crisis would have minimal impact on global growth, but China took a more pessimistic view, warning it would impact demand for its
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Germany Seeks ‘Orderly’ Insolvency Option for Euro Members
ECB, Germany, Government Spending
May 20, 2010
Germany Seeks ‘Orderly’ Insolvency Option for Euro Members (Bloomberg) Germany is proposing that the European Union create the option of an “orderly state insolvency” for countries using the euro, according to a Finance Ministry document. That would set incentives for governments to follow “solid” fiscal policies and for “responsible” behavior by investors,
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