GREK

Spain

Friday Surprise: Greece and Spain Get Credit Ratings Upgrades

It seems almost too hard to believe, but we have seen two of the PIIGS upgraded by different credit ratings agencies this Friday. Fitch ratings has raised Greece's sovereign credit ...
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Greek Recession to End Sooner Than Expected?

It is really hard to get excited about anything in Greece and the peripheral nations. That has been the mantra for years now, even before the U.S. recession. But maybe ...
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The Greek Recovery from Left Field

Greece and its banks may have found a friend in billionaire investor John Paulson. A report from Reuters has said that Paulson now favors the recapitalized banking sector as a bet ...
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Two Key Greek Sentiment Proxies Show Different Outcomes for Greece

Which way the future of Greece goes is still up in the air. If you read enough of the financial and political news coming out of and about the European ...
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More Concern for National Bank of Greece

The ADR shares of National Bank of Greece SA (NYSE: NBG) are having yet another rough day. News that the nation of Greece may not receive bailout funds is not ...
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Is Greece About to Implode All Over Again?

This week has been a disaster for emerging markets, and now it appears as though Greece is going to come back up as a key spot of financial turmoil. The ...
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Greek Privatization Effort Flops on Lack of Bidders

If things are really stabilizing or set to get better in Greece and the rest of the PIIGS in Europe, then why did a privatization sale end up with no ...
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Greek Unemployment Reaches 26.8%

Are there any jobs in Greece? If so, there are plenty of applicants, or at least bodies, that can apply. A report on Thursday showed that the March unemployment rate ...
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A Rare Credit Rating Upgrade for Greece: The Impossible Comes True

The sovereign credit ratings of Greece and other PIIGS from the major ratings agencies have generally gone in one direction in recent years. Downward and onward. This is almost hard to ...
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Tax

Cyprus Votes Against Silly Deposit Tax (or Theft)

The parliament of Cyprus has just voted against stealing assets from depositors to fund the nation's bailout of its banking system. This is good news because it sends a message ...
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PIIGS KILLERS: Italy PM Vote Threatens Austerity, All Over Again

What happens when you put a vote out to the people about whether or not their benefits and public spending should be cut to appeal to international creditors? If you ...
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PIIGS Watch: Greece Continues To Lure Back Investment

The Euro meltdown seen in 2012 looked as though it was going to bounce Greek out of the monetary union. That was then. We have noted on several occasions how ...
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The Unexpected: S&P Upgrades Greece

We have warned over and over that the downgrade cycle has not ended for the PIIGS and in Europe. While that is a viewpoint we see as being generally true and ...
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Yet Another Turn South for Greece

Hold your hand up if you are just about as sick of hearing about Greece. The Greek people are being forced into more pain and the nation seems to need more ...
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Is Greece’s Euro Future Drowning Again?

There is an ongoing theme in Greece. The theme is one where it is going to exit or be forced out of the Euro, only to be saved yet again ...
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