The Germans did not force a Greek credit event, and the Greeks did not vote to reject the 12 billion Euros on offer. The next step is for the Greeks to accept the fiscal austerity package, something that the 155 MPs who voted "yes" last night will almost surely do at...
The short term price action in all global capital markets is 99.9 percent about Greece. Last week the Germans ceded and granted a stay of execution for the global banking system. We caught a glimpse of what the beginning of a relief trade might look like with 10s...
Watching German and French politicians take the global banking system to the edge of the abyss - less than 3 years after it was done by US politicians - is painful. We all understand these guys need votes while their coalitions are falling to pieces. And in order to...
I just got off the phone with my aunt and uncle who have travelled from the island of Corfu to be in Syntagma square for the protests leading up to today's meeting between the President and the Prime Minister of Greece. My uncle has lived through a Nazi occupation of...
During a radio interview last Saturday, Jean-Claude Juncker made the following statement – "The debt level of the USA is disastrous…the real problem is that no one can explain well why the euro zone is in the epicenter of a global financial challenge at a moment when...
During a radio interview last Saturday, Jean-Claude Juncker made the following statement – "The debt level of the USA is disastrous…the real problem is that no one can explain well why the euro zone is in the epicenter of a global financial challenge at a moment when the fundamental indicators of the euro zone are […]
