Beware of repaying sovereign debt!
04/11/2014
The principal issue with debt, not only sovereign debt, is not that it gets repaid. The principal issue with all debt is that it gets ΄regularized΄
sovereign debt
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αναρτήσεις
The Grand Greek Paradox: Bankrupt but embraced by the money markets
10/04/2014
Greece is about to issue 5 year bonds again. Berlin, Brussels, Frankfurt and Athens are celebrating Greece’s recovery. For my part, I think (and tell the BBC World Service) that…
Press Review April 10 – The Prodigal Son Returns (to the Markets)
10/04/2014
Some celebrate the interest shown by investors in Greece’s return to the market with a 5-year bond offering while others condemn it as an expensive PR stunt; further evidence emerges…
WSJ: IMF Debt Restructuring Proposal Finds Criticism, Resistance
28/11/2013
Bruised by the traumatic experience of Greece’s two bailouts, staff of the International Monetary Fund floated a proposal in April that would insist that distressed countries’ excessive debts be restructured…