Silver as an investment

Category Archives: Greek government-debt crisis

Trump Meets Tsipras, “Evil” Awkwardness Follows

Besides the traditional and quite forgettable exchange of diplomatic pleasantries during the first meeting between President Trump and Greek Prime Minister Alexis Tsipras on Tuesday, there were two remarkable highlights. The first was that Trump said his administration had informed Congress of a potential arms sale to update Greece’s F-16 aircrafts. “This agreement to strengthen […]

EU Agrees To Bailout Greece Once Again

As expected by most (if not all, judging by the 8 year lows in Greek bond yields), European finance ministers have reportedly reached an agreement to bail out Greece once again (provide them with yet another EUR8.5 billion loan), and agreed to discuss the possibility of debt extensions. Blomberg reports that Euro area finance ministers […]

Greece Is Chasing An Illusion Of Financial Independence

A Greek drama rarely ends after just one act or scene and although the recent new bailout talks haven’t really been extensively covered by the media, the Greek population will once again have to make sacrifices to make sure the country gets more bailout money. Since the country’s finances collapsed in 2010, it has received […]

Greek Stocks Have Soared As EU Officials Hint At Future Debt Relief

Year-to-date, Greek stocks are among the best performing in the world (absent the currency-collapse-driven spikes in several troubled nations). The last few days have seen stocks spike further and today we get the 'rumor' that may have driven it as Handelsblatt reports an anonymous EU official stating that the Eurogroup could address Greek debt relief […]

“There Was White Smoke”: Greece Reaches Deal With Lenders, Promising Even More Austerity

Greek government bond yields fell after Greece and its lenders said they reached a long-awaited deal on reforms required to release further bailout funds. With a promise to further cut pensions and give taxpayers fewer breaks, Greece paved the way for the disbursement of further rescue funds from international lenders and possibly opened the door […]

Greece Gives the World Something to Cheer: Turn Up the Decibels! – Michael Carino, Greenwich Endeavors

Let’s get PrOGRessive SPIRIT! (Finally a positive acronym.)  We are either destined for destruction preferring to wallow in negativity or instead can soar with optimism.  The only difference between the two is perspective.  Time to focus on the positives in the world. I choose optimism. Portugal, Greece, Spain, Ireland and Italy had financial difficulties spending […]

“There Must Not Be A Bail In”: Germany Vows “No Debt Relief For Greece”

The standoff over the Greek debt crisis was nowhere closer to an amicable resolution on Sunday, when Germany’s deputy finance minister Jens Spahn said in an interview with German broadcaster Deutschlandfunk that Greece must not be granted a “bail in” that would involve creditors taking a loss on their loans, reiterating the German government’s opposition […]

How Many Euro Crises Will This Make? It’s Getting Hard To Keep Track

Submitted by John Rubino via DollarCollapse.com, Every few years, it seems, one or another mismanaged eurozone country falls into one or another kind of crisis. This leads to speculation about the end of the common currency, which in turn spooks the global financial markets. Then the ECB conjures another trillion euros out of thin air, […]

Is Greece Really On The Verge Of Another Financial Crisis?

Submitted by Milton Ezrati via The Strategic Culture Foundation, Just about every adult on earth has seen this show before. Greece faces a debt repayment that it cannot meet: for this performance, €86 billion due in July. It needs fresh bailout funds from the European Union and/or the International Monetary Fund because borrowing directly on […]

Economists: Le Pen Victory Would Lead To “Massive Sovereign Default”, Global Financial Chaos

With two months left until the French election, analysts and political experts find themselves in a quandary: on one hand, political polls show that while National Front’s Marine Le Pen will likely win the first round, she is virtually assured a loss in the runoff round against either Fillon, or more recently Macron, having between […]