Tag Archives: European Debt Crisis

Greeks Will Not be Allowed to Vote on Their Own Future

Posted on November 3, 2011 by Lawrence Person

The scheduled referendum on the bailout of Greece as been canceled. Once again, the glorious dream of European integration is far to important to let details like the consent of the governed interfere…

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Scenes from the EuroZone Summit

Posted on October 23, 2011 by Lawrence Person

There have been high level Euro rescue talks going on all weekend. How are they faring? Not well. Just when the eurozone governments thought it could not get worse for Europe’s single currency, it did. Shell-shocked EU finance ministers meeting … Continue reading →

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“Greece is not salvagable”

Posted on September 30, 2011 by Lawrence Person

That’s the rather bracing judgment from this Stratfor overview of Greece’s problem. Moreover, they’re saying that about its existence as a nation-state, even absent the European debt crises. Also: “Greece has to be kicked out of the Eurozone if the … Continue reading →

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More Greek Default Rumblings

Posted on September 25, 2011 by Lawrence Person

Actually, less rumblings than the roar of an approaching train. And since I temporarily seem to be ahead of the latest Ace of Spades Doom roundup, I’m going to try and give you a nice clear view of the coming … Continue reading →

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Greece Getting Ready to Default?

Posted on September 12, 2011 by Lawrence Person

According to Seeking Alpha last week: “Yields on two-year Greek government bonds reached 46.84% recently. This is roughly comparable to yields on Argentine bonds in early December 2001 – only a month before the country defaulted on its debt.” Other … Continue reading →

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More on the Greek Euro U.S. World Debt Crises

Posted on August 8, 2011 by Lawrence Person

The Moody’s downgrade of Portuguese debt link was a quick blipvert for a current event, but I wanted to do a somewhat longer roundup of pieces on the Euro debt crises and the potential for more shocks down the line. … Continue reading →

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Portugal’s Bonds Downgraded to Junk

Posted on July 5, 2011 by Lawrence Person

By Moody’s. Between strikes in Greece, constitutional challenges to the Greek bailout in Germany, and other agencies rating the latest Greek bailout as tantamount to default, efforts to prevent a Euro-default contagion may fail sooner rather than later…

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Update on the Coming Euro Collapse (and Our Own)

Posted on June 6, 2011 by Lawrence Person

Andrew Lilico in the Telegraph (via McArdle, via Insta) has a sobering look at what will happen when Greece defaults (“It is when, not if”). It starts out: Every bank in Greece will instantly go insolvent. The Greek government will … Continue reading →

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