The Cypriot parliament has just voted against stealing assets from depositors to fund the nation's bailout of its banking system. This is good news as it sends a message to the European…
Jon C. Ogg ThinkstockWhat 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 believe in…
ThinkstockThe 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 investment is…
thinkstockWe have warned over and over that the downgrade cycle has not ended for the PIIGSÂ and in Europe. While that is a viewpoint we see as being generally true and with many…
thinkstockHold 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 and more…
Jon C. Ogg thinkstockThere 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 at the…
Jon C. Ogg Just last week we featured the nations with the world’s highest unemployment rates. Of course it is only logical that Greece would have been in on that list. What was surprising was…
Jon C. Ogg Greece’s woes are not getting any better, whether or not the nation is targeting more budget cuts. Those budget cuts even create a catch-22. As government spending goes lower, so does gross domestic product.…
Jon C. Ogg Most, or much, of the world hates short sellers. Betting against markets is just unfair, or so goes the logic. There is just one small problem: a market without short sellers is…
European leaders are taking the aid directly to the banks to stave off any added crisis. The futures in the U.S. are soaring and the markets in Europe are up big. This…
The Greek elections went the way that the market participants were initially hoping for, but now the reality is setting in that Greece may ultimately not be able to stay in the…
Trusting anything out of Greece or any of the PIIGS nations is a bit difficult these days. With the weekend coming upon us, Greece is set to be the center of the…
So much for any great help from the ECB, France, Germany, and any other entity being able to help the Euro stay together. Rumors have been out that nations have been instructed…
The European Central Bank is said to be freezing assets or considering freezing assets or halting monetary policy operations to some banks in Greece as the Greeks consider an exit of the…
The Europeans need to make a decision soon. It is time to deal with Greece, then the markets can decide how they will deal with the Greek banking system. The baby-sitting and…
