Greeks withdrew more than $900 million Monday and another $600 million Tuesday, according to the Greek Central Bank. While deposits have been steadily leaving banks since the start of the country’s debt problems in 2009, this week’s outpouring of cash reflects a new level of panic, analysts say. – USA Today
Post Tagged with: "Greek financial crisis"
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
September 26, 2011 08:15
Goolsbee, Geithner warn – Greek default big trouble for US – IMF begs for bailout funds
Obama’s former economic adviser Goolsbee warns that Greek default will have a big impact on the US while the IMF needs a bailout to bailout Greece. Treas. Sec. Geithner warns “Sovereign and banking stresses in Europe are the most serious risk now confronting the world economy.”
July 8, 2011 06:39
The Sovereign Debt Crisis Is Never Going To End Until There Is A Major Global Financial Collapse
The combination of huge amounts of debt and huge amounts of leverage is incredibly toxic, and that is what we have all over the globe today. Almost every major nation is drowning in a sea of red ink and almost all of our major financial institutions are leveraged to the hilt.
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.
June 28, 2011 08:41
Everyone can see Greek default coming
British MEP says bankers pushing default onto European taxpayers. Daniel Hannan, a writer and journalist, and Conservative MEP for South East England since 1999 believes that the European Union is making its constituent nations poorer, less democratic and less free. “You can evade reality wrote Ayn Rand, but you cannot evade the consequences of evading reality.” “We’ve reached the limit of trying to move markets with public money.”
November 4, 2010 07:16
‘We’re Greece’ in a Few Years: Sen. Gregg
Senator Judd Gregg (R-N.H.) and Senator Evan Bayh, (D-Ind.) discuss the mid terms and what the challenges are for America.
September 29, 2010 04:38
Spain Girds for First General Strike in 8 Years to Protest Cuts
Unions are fighting austerity measures across Europe and plan protests in 12 countries today including Ireland, Italy and Portugal, the European Trade Union Confederation says.
