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Occupy Wall Street: The World Economic Crisis and its Solutions
By Professor Dipak Basu, Professor in International Economics, Nagasaki University, Nagasaki, Japan Thousands of demonstrators who are gathering in front of the famous Wall Street, the financial centre...
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Merkel on the threat to peace and a permanent supervision for Greece
Speaking in the German parliament before a vote on the Eurozone bail-out package, which the government won comfortably, the Chancellor Angela Merkel said that “Nobody should take for granted another 50...
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Credit Default Swap sham
It has now been agreed that private holders of Greek government bonds will take a loss of 50% on their investments. This ‘haircut’ will mean that private investors, by which I mean banks, will only get...
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Aristotle had a word for it
It is remarkable, in this technological and high speed world, how concepts defined by the ancients in Greece, by Sophocles, Aristotle and Homer remain so apposite. Today the word that most sums up the...
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OK, you can panic now!
After weeks of haggling, rows and finally compromise, European leaders proudly announced their latest rescue plan last week: cutting Greece’s debt, recapitalising banks, and ‘leveraging’ the remaining...
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A Euro curtain is dropping around Greece
Just as an Iron Curtain was drawn around the USSR to protect the West from the spread of communism during the cold war, a Euro curtain is being prepared for Greece to protect the Eurozone and...
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Eurozone break up not as costly to UK as feared
Despite all the fear-mongering about lost exports from a failed Euro killing off UK industry a recent report says that a Eurozone break-up would be far less costly to the UK than attempting to help it...
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Let Greece default and leave the Euro
As we watch the horror-show that is the strait-jacketing of Greece into a padded Euro-zone cell, you can only feel that the single remaining route out for the Greek people is a default (however...
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Greece – it is not the end yet
The Greek tragedy is still not at an end and it appears that the politicians in Athens still haven’t grasped the severity of their situation. The reforms that the Eurozone is expecting Greece to make...
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Greece debt deal has not triggered a credit event says ISDA
Even though private holders of Greek bonds have been forced to take a ‘haircut’ (loss) on their investments this has been deemed to not be a ‘credit event’ that would trigger Credit Default Swaps to...
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Greece gets its bond swap deal
The Greek government has staved off bankruptcy and the threat to its Euro membership by winning enough support for its bond swap deal to qualify for a second Euro bail-out from the EU and IMF worth...
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Greece’s tragedy has much further to run
Today European policymakers have been congratulating themselves on the successful restructuring of Greek government debt. The move – probably the largest orderly sovereign restructuring the world has...
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Grexit and debt write off is the only way ahead
Vice President of New Direction proposes Greek debt to Germany is written off in exchange for leaving the EURO Mr Henkel said, “The only hope for the Greek economy to recover is a euro exit combined...
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‘Cancel Greek Debt’ projected on German embassy in London
Last night activists from Global Justice Now and Jubilee Debt Campaign projected “Cancel Greek Debt” in giant letters against the German embassy in West London, below a a mock-up of German Chancellor...
View ArticleCredit Default Swap sham
It has now been agreed that private holders of Greek government bonds will take a loss of 50% on their investments. This ‘haircut’ will mean that private investors, by which I mean banks, will only get...
View ArticleClik here to view.
Aristotle had a word for it
It is remarkable, in this technological and high speed world, how concepts defined by the ancients in Greece, by Sophocles, Aristotle and Homer remain so apposite. Today the word that most sums up the...
View ArticleOK, you can panic now!
After weeks of haggling, rows and finally compromise, European leaders proudly announced their latest rescue plan last week: cutting Greece’s debt, recapitalising banks, and ‘leveraging’ the remaining...
View ArticleA Euro curtain is dropping around Greece
Just as an Iron Curtain was drawn around the USSR to protect the West from the spread of communism during the cold war, a Euro curtain is being prepared for Greece to protect the Eurozone and...
View ArticleEurozone break up not as costly to UK as feared
Despite all the fear-mongering about lost exports from a failed Euro killing off UK industry a recent report says that a Eurozone break-up would be far less costly to the UK than attempting to help it...
View ArticleLet Greece default and leave the Euro
As we watch the horror-show that is the strait-jacketing of Greece into a padded Euro-zone cell, you can only feel that the single remaining route out for the Greek people is a default (however...
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