PIIGS

Turkey’s Economy by the Numbers, With US and European Exposure

It was not that long ago that the economic meltdowns taking place in Greece and Cyprus dominated the headlines. And no one should have forgotten about the "PIIGS" analogy for ...
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European currency

Euro and PIIGS ETFs Crushed on Brexit Outcome, Down 10 Percent Or More

With the Brexit Vote only adding that much more uncertainty, the reality is setting in that this could spell long-term trouble for the European Union. Britain never did share its ...
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gold bars

The 10 Nations That Own the Most Gold

While gold may no longer have the luster that it had in recent years, each major nation is a large owner of gold. Most currencies are now fiat currencies, meaning ...
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PIIGS ETFs and Greek ADS Respond to Athens Reopening Stock Exchange

Greece is back as a financial market again. Well, sort of. The nation finally allowed its stock market to open back up after an unheard of five-week trading halt. Needless ...
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ETF investing

Will the Greek ETF Lose Its ETF Status?

There is a big lesson here for Global X FTSE Greece 20 ETF (NYSEMKT: GREK) investors during the looming Greek default and likely exit from the euro. The end game for ...
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jail

The Fallout of Greek Shame

OK, so the news out of Greece is about as bad as one can get, short of military involvement. The financial markets are in turmoil, after somehow actually having been ...
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World currency

Nationalization and Default Threat Risk Diminishes in Greece

The massive snapback rally on Wednesday in stocks in the United States and Europe is tied to word that Angela Merkel may be committed to signing a deal with Greece. ...
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Samuel Beckett Bridge

Dear Greece: Ireland Credit Rating Raised at S&P

Many investors, economists and people in general have watched the longstanding woes in Europe. The people inside Europe have lived through these woes as well, and some nations know how ...
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greek flag

Is There a New Greek Bank Nationalization Risk After IMF News?

After news broke that Greece and the European Union were too far apart on a deal, it was one thing. Now Greece has decided to bundle its interest payments that ...
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greek flag

Are Greek Banks Finally Safe?

Making bets on the outcome of Greece is becoming a game that changes from day to day. Still, the rally seen this week in Greece's major banking stocks has been ...
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Crumbling Greek flag with euro

Politics and Uncertainty Take NBG Under $1 and Pound the Greek ETF

There is yet one more bit of evidence that financial markets and investors do not like socialist regimes and the chance of defaults. The leftist Syriza Party won Greece's most ...
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Crumbling Greek flag with euro

Greece Makes Itself Relevant Again, at Least for a Couple of Weeks

Greece is making itself temporarily relevant yet one more time. Greece’s Prime Minister, Antonis Samaras, has called for a presidential election to be moved up to next week rather than ...
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Castle Image Ireland

Loving the PIIGS: Ireland and Bank of Ireland Raised by S&P

With 10-year bond yields under 2% for much of the eurozone, and with inflation sliding into deflation, it is impossible to not notice when the ratings agencies actually upgrade a ...
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Crumbling Greek flag with euro

Can National Bank of Greece and Bank of Ireland Recover?

The woes of Europe are supposed to be abating, at least somewhat. That is certainly supposed to be the case in the lands of the PIIGS -- Portugal, Ireland, Italy, ...
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Crumbling Greek flag with euro

More Good News for the PIIGS – Housing Prices

The European Central Bank announced a negative interest rate policy on Thursday. It may not have been enough for the stimulus-addiction crowd, but this is truly an experiment. If the ...
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