Post Tagged with: "Greek default"

March 9, 2012 05:54

Investors to lose up to 74% in Greek debt swap

Greece has said it has received enough backing to push through the largest restructuring of government debt in history. – BBC News

November 4, 2011 06:10

Roubini: If the Eurozone blows up, it all gets worse

“Europe is a slow motion train wreck and there’s a “significant risk of a Eurozone breakup.” This doesn’t mean Greece and Portugal leaving, it means Spain and Italy ultimately leaving as well, which would mean the whole thing is toast.” – Business Insider

November 1, 2011 18:04

Market Greeced in slide – drops almost 300

Dow slumped 297.05 points, or 2.48 percent on news that the Greek bailout plan to save the Euro might fall apart.

October 28, 2011 15:54

Europe’s Future Comes Into Focus: Hyperinflation

Italy and Spain will remain under pressure. Nobody has the money to save them or to recapitalize the banks again when the big deficit countries lose access to the market and fail.

October 25, 2011 05:36

Greek Trader Tells Us The State Of Things, And Explains Why The Worst Is Yet To Come

The painful part of austerity hasn’t even hit yet, nobody in Europe has any idea what’s going on, and social strife, if it seems bad now, will become a daily issue.

October 19, 2011 05:47

Greece general strike begins over spending cuts

The strike for Wednesday and Thursday has been called by the two big unions that cover public and private sector workers. – BBC

October 3, 2011 06:07

Shares fall as Greece says it will miss deficit targets

Share indexes in London, Frankfurt and London opened between 2.5% and 3.5% lower. Asian stocks also fell. – BBC News

July 1, 2011 08:21

Fed’s Massive Stimulus Had Little Impact; Pessimistic on Debt Agreement : Greenspan

The Federal Reserve’s massive stimulus program had little impact on the U.S. economy besides weakening the dollar and helping U.S. exports, Federal Reserve Governor Alan Greenspan told CNBC Thursday.