Category: Global Debt Crisis
The analysis published under this category are as follows.
Thursday, September 22, 2011
Greece forced to swallow EU's bitter pills / Politics / Global Debt Crisis
By: Pravda
There are two noticeable trends in the story of public debt of Greece. The first is the intent of the EU to save the financial system of the country with loans - the only aid of the capitalist economy. The program is accompanied by unprecedented pressure on the Greek government that is forced to take a series of commitments on economic reform.
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Thursday, September 22, 2011
Greek Debt Crisis in Perspective / Interest-Rates / Global Debt Crisis
By: Andrew_Butter
The only solution for the European debt crisis is if the ECB prints a trillion Euros and does a “Fed” by buying up dodgy bonds, and then puts them in cold storage; if it doesn’t do that, soon, then something nasty is going to happen.
The negotiations as we speak are to find a piddling $8 billion to pay the salaries of the Greek public sector in October; it’s that close to the wall. Meanwhile the European political process is paralysed and the ECB does not have the power to do anything; Europe runs on consensus and rules, when the consensus disappears and the rules get broken, what’s left? Don’t expect a TARP or a TALF.
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Tuesday, September 20, 2011
How Greece's Debt Issues Are Becoming a Global "Black Hole" / Interest-Rates / Global Debt Crisis
By: Money_Morning
Jon D. Markman writes:
The extremely volatile markets of late stem in part from news suggesting Greece's debt issues have made a default imminent - creating a global black hole that's sucking in a growing number of other economies with it.
Default fears intensified last Friday when European finance ministers announced they would delay a decision on whether or not Greece was eligible for its sixth tranche of bailout funds. Greece was scheduled to get the next $11 billion (8 billion euros) installment of its $152.6 billion (110 billion euros) aid package by the end of September, but now must wait at least until October.
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Monday, September 19, 2011
EU Bonds Rollover Debt with a Chinese Bailout / Interest-Rates / Global Debt Crisis
By: BATR
The financial press is inundated with the most ominous reports of an EU meltdown. The downturn in economic activity and little growth all comes down to the unsustainability in servicing the debt obligations. Sovereign countries bailouts only pile on even more debt. European banks are tied to a Euro dominated currency, while the political union is anything but unified. Any serious student of European history inescapably concludes that the perennial ambition to orchestrate a single patchwork of diverse cultures and interests into a pan European brotherhood is always doomed. A consensus fraternity based upon socialistic economics feeds the inevitable default. However, never fear the banksters will not suffer, as the globalists prepare to use their next crisis, to consolidate their grip of world dominance.
Monday, September 19, 2011
IMF-Troika Draconian Demands Force Greece Towards Debt Default? / Politics / Global Debt Crisis
By: DK_Matai
The Troika -- IMF, ECB and EC -- is demanding draconian new cuts in spending and public employment from Greece as a pre-condition for resuming aid talks, including:
1. 15 austerity measures Greece must take "here and now";
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Sunday, September 18, 2011
Paymaster Germany and the Endgame Back to the 1930's? / Economics / Global Debt Crisis
By: Gary_North
I did a Google search for "paymaster Germany." I got over 34,000 hits. They refer mostly to the Eurozone crisis over Greek government debt, and the German government's willingness to tax Germans in order to keep bailing out the Greek government.
I got the phrase from a pro-gold standard German economist, Paul C. Martin. He wrote a book with this title in 1991. Its subtitle is as relevant today as it was two decades ago: "Thus they dissipate our money." When he wrote "they," he meant "German politicians." The phrase has stuck. It is correctly being applied to the on-going program of the Merkel government to provide fresh injections of government money – taxpayers' money – into the Greek government, so that the government can pay 70% per annum to investors.
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Sunday, September 18, 2011
The EU Debt Bubble: The Eurozone is Crumbling / Interest-Rates / Global Debt Crisis
By: Bob_Chapman
There are those who make excuses for the Federal Reserve and for the European Central Bank as well. Both are controlled by the banking community and are only interested in enriching themselves. These central banks take their orders who own or control these central banks. In the case of the ECNB and other sovereign banks, they are responsible for the terrible state of finances in the euro zone. Yes, we know the banks, and sovereign bans made the loans or brought the bonds, but the ECB has a direct connection into these institutions. The ECB president Jean-Claude Trichet is supposed to be a very bright banker. If that is so, why did this happen on his watch? We will tell you why. It is because he serves the bankers and not the people. He is just another front man for the Illuminists, just as Mr. Bernanke is. Mr. Trichet has only 2-months to go and then he can rejoin his banker friends.
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Sunday, September 18, 2011
How Does Europe's Debt Crisis Affect America? / Interest-Rates / Global Debt Crisis
By: Washingtons_Blog
What’s Happening In Europe … Does It Impact American Investors and Taxpayers?
All of Europe is now infected with the debt crisis, not just the periphery.
As CNBC notes, the multinational bailout of European banks won’t do much:
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Wednesday, September 14, 2011
As Greek Debt Default Nears, Investors Need to Take Cover / Stock-Markets / Global Debt Crisis
By: Money_Morning
David Zeiler writes:
At this point a Greek debt default is virtually unavoidable, and it could happen in a matter of weeks.
The ensuing chain reaction will upend markets around the world and will almost surely lead to more defaults among the European Union's (EU) other debt-plagued nations, collectively known as the PIIGS (Portugal, Ireland, Italy, Greece and Spain).
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Tuesday, September 13, 2011
World Markets Tumble as Clouds gather over Eurozone / Stock-Markets / Global Debt Crisis
By: Mike_Whitney
Growing fears of a default in Greece sent markets in Europe and Asia plunging on Monday while yields on "safe haven" US Treasuries and German bund fell to record lows. Nearly 3 years after Lehman Brothers collapsed in 2008, the global economy is now facing a second and more lethal financial crisis that threatens to tear-apart the battered eurozone and drag the world economy back into recession.
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Tuesday, September 13, 2011
Eurozone Debt Crisis Intensifies: What Does The Canary In The Mineshaft Indicate? Contagion / Economics / Global Debt Crisis
By: DK_Matai
1. Going forwards, the Eurozone crisis may turn into its own nemesis as confidence erodes swiftly and leadership is found to be wanting.
2. As all eyes turn to the Eurozone, what next? Falling euro has hit a 10-year low against the yen. Japanese market has closed at a 2.5 year low.
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Monday, September 12, 2011
German Court Opens Door to Uber-Empire and Uber-Collapse / Politics / Global Debt Crisis
By: John_Browne
In the early days of September, financial markets worldwide were nervous. Investors and governments were waiting for a crucial ruling of the Federal Constitutional Court of Germany, a ruling that could have triggered the imminent collapse of the world's second currency, the euro. This past Wednesday, the court ruled that the German bailout of Greece did not violate the German Basic Law (i.e. constitution), and investors breathed a collective sigh of relief.
Sunday, September 11, 2011
Can Government Debt Crisis Lies Calm the Financial Markets? / Politics / Global Debt Crisis
By: Mike_Shedlock
The question of the day (for which everyone should know the answer) is Can Government Lies Calm the Markets?
In spite of the fact most of us realize lies will not help, and most often makes matters worse, governments repeatedly resort to lies, platitudes, and wishful thinking.
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Sunday, September 11, 2011
Greek Debt Default Imminent - Eurozone Crisis Escalates - Fear Spreads / Interest-Rates / Global Debt Crisis
By: DK_Matai
1. Greek default now appears to be imminent and the inevitable is happening in regard to the Eurozone given that the Germans hold the trump cards;
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Friday, September 09, 2011
Germany Prepares for Eurozone Debt Default, ECB Resignation Hammers Stocks / Interest-Rates / Global Debt Crisis
By: Mike_Shedlock
Once again news from Europe resonates in the markets. The 2-day stock rally led by the German court ruling has been nearly wiped out.
Wednesday, September 07, 2011
Europe's Economic and Debt Woes in Pictures / Economics / Global Debt Crisis
By: Asha_Bangalore
Equity prices around the world declined today largely in response to the persistent debt crisis in Europe. Let us set the facts straight, Greece is a problem member of EU-27 but wiping out Greece from the European Union (EU) with a magic wand is not the solution. Central government debt of EU-26 as a percent of GDP is marginally different from that of EU-27 (see Chart 1). In other words, the EU’s debt woes will plague financial markets until a solid solution is put into place in the near term.
Tuesday, September 06, 2011
Will Governments and Central Bankers Bail Out Bondholders and Banks Again? / Interest-Rates / Global Debt Crisis
By: Mike_Shedlock
As noted previously, it is crystal clear to everyone but bankers and brain-dead analysts that banks need to be recapitalized, in Europe and the US as well.
The crucial question is "how?".
Tuesday, September 06, 2011
Markets Have Lost Confidence in Italy / Interest-Rates / Global Debt Crisis
By: Mike_Shedlock
The warnings are flying today so let's take a look at a few of them, including a couple of my own.
Trichet Warns Heads of States
Monday, August 22, 2011
Do The Maths, Worlds Developed Nations are Insolvent / Economics / Global Debt Crisis
By: Puru_Saxena
BIG PICTURE – Let’s face it; many of the world’s ‘developed’ nations are insolvent and the writing is on the wall. Either these indebted states will default or they will try and inflate their currencies into oblivion.
As far as the US is concerned, it still has the privilege of owning the world’s reserve currency and its central bank can always create more dollar bills out of thin air. Thus, it is unlikely that the US will ever default on its debt obligations.
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Tuesday, August 16, 2011
Euro-zone Sovereign Government Debt, Too Many Emergency Meetings in Europe / Politics / Global Debt Crisis
By: Gary_North
If the sovereign government debt situation in Europe is anywhere near a final economic solution, why do the heads of Germany and France keep meeting? These meetings are getting more frequent.
Why didn't all the previous meetings solve the economic problem of PIIGS debt?
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