Posts Tagged ‘greek debt’

Greek debt out of control with interest rates approaching 200%

Wednesday, October 19th, 2011

Whilst the mainstream media talk about whether Greek will default on its debt, the knarly chart below paints a very different picture. (more…)

Greece set to miss deficit target

Monday, October 3rd, 2011

It is becoming more apparent by the day that Greece will be forced to default on its obligations as it casts about for ways to secure the next and sixth tranche of €8 billion from the first bail out deal. (more…)

Unicredit’s Attila Szalay-Berzeviczy says the Euro is dead

Wednesday, September 28th, 2011

In a long article, the former president of the Budapest stock exchange and current Global Head of Global Securities Services at Unicredit, Attila Szalay-Berzeviczy, predicted that a Greek default is mere days away and that the Euro is dead and cannot be saved. (more…)

Eureca Project – a plan to save Europe?

Wednesday, September 28th, 2011

A plan has been put forward, which the authors say can solve the financial problems of the Euro-zone but it will require austerity, solidarity and creativity. (more…)

ECB liquidity scheme is precursor for Greek default

Thursday, September 15th, 2011

The European Central Bank has announced a dollar-based liquidity operation to last through to the end of the year so that European banks can gain access to the dollar liquidity that the market has shut them out from. (more…)

Is Cyprus about to go pop?

Tuesday, August 2nd, 2011

The largest commercial financial institution on the island, the Bank of Cyprus, has warned that the country risks becoming the fourth member of the Eurozone to need a bail out from the European Financial Stability Facility. (more…)

Markets boosted by Greek bail-out deal

Friday, July 22nd, 2011

An emergency summit last night saw a deal being reached over the second bail-out needed to save both Greece’s position in Europe and ultimately the survival of the Euro itself. (more…)

Eurozone economic problems pose a risk to UK banks says King

Saturday, June 25th, 2011

The first report from the UK’s new stability watchdog, the Financial Policy Committee, has warned that the economic problems experienced by several Eurozone countries are a risk to UK banks, even if they have no direct links. (more…)

Greece – is the end nigh?

Thursday, June 23rd, 2011

After many months of pain, protest and market jitters, Greece now seems to be locked into a death spiral that will, at some point, end up in default. (more…)

The ECB is playing with fire

Tuesday, May 24th, 2011

The European debt crisis has remained stubbornly in the headlights in the past few weeks, with market attention focusing once more on Greek financing needs, (more…)

The great money-go-round

Wednesday, May 11th, 2011

The latest reports have the UK facing a potential £3.2 billion bill to help find another bail-out to help Greece out of its latest financial mess. (more…)

Greek Minister resigns

Tuesday, May 18th, 2010

As the Greek government scrabbles around for the money to refinance their maturing sovereign debt, it is revealed that the spouse of the country’s Secretary of State for Tourism has an unpaid tax bill of over €5 million. (more…)