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Jun
26th
Sat
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It prevailed in a bidding war for Greece’s Emporiki, a money-losing, government-owned lender. A senior Crédit Agricole executive said at the time that the deal reflected “the confidence we have in the Greek economy and the superior growth of the Greek banking sector.
Tags: greece   banks   credit agricole   europe   finance   euro  
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May
31st
Mon
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What we are currently experiencing is a crisis of public finances in advanced economies. It started with Greece, and the euro, because of the specific institutional framework which prevents Greece and the other euro area countries from using the inflation tax to overcome their budgetary problems. This will force euro area countries to address their fiscal positions earlier. It’s not easy. But it will be done, because it can be done and it has to be done in any case. And, last but not least, because there are no alternatives.
Tags: europe   ECB   lorenzo bini smaghi   economics   euro   greece  
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May
8th
Sat
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Tags: italy   greece   portugal   spain   PIGS   government debt   finance   bonds  
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May
6th
Thu
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Excellent article by FT’s Martin Wolf as usual.
Greece needs a haircut.

Excellent article by FT’s Martin Wolf as usual.

Greece needs a haircut.

Tags: greece   euro   europe   finance   economics   government debt  
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May
5th
Wed
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Should the deal fail, Greece “might do a kind of dual currency in which they use their scarce euros to meet their external commitments and in the meantime use an internal IOU, rather as Californian and some of the Argentinian states did, in order to meet their internal commitments” Goodhart said. “It would be a dual currency and the internal currency would fluctuate compared to the euro.
Tags: greece   dual currency   euro   europe   government debt   finance  
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May
4th
Tue
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Tags: greece   lehman   finance   economics   government debt   default  
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Apr
30th
Fri
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The world has never seen an insolvent country with solvent banks, and Greece won’t be the first.
Tags: greece   finance   government debt   economics  
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Apr
24th
Sat
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Tags: finance   italy   banks   greece   portual   spain  
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Apr
16th
Fri
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Greece’s (and Italy’s) addiction to corruption is undermining the credibility of the whole Eurozone.

Greece’s (and Italy’s) addiction to corruption is undermining the credibility of the whole Eurozone.

Tags: economics   corruption   greece   italy   europe   euro  
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Apr
15th
Thu
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Tags: europe   piigs   greece   portugal   italy   ireland   spain   economics   finance   government debt  
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