Greece default : Photo Gallery
Can the EU's Debt Crisis End Without Greece Defaulting – Queenslyfe.
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2010 August « Turkey & Macedonia
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FT Alphaville » Greece default or no?
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Why Everyone's Thinking That Greece Is Going To Default ...
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Escalating Greek default fears rock Europe's debt markets - Telegraph
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The DIV-Net: Greek Default: A History of Failure
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Global Economic Crisis » Sovereign Debt Crisis Alert: Greece ...
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Constantinos Collmer - Books
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Greece Default Would Push U.S. Mortgage Rates Higher ...
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Greek Default: Why It's Only A Matter Of Time
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ECB Willing To Allow Greek Default, Temporarily, As Part Of Crisis ...
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Greek Debt Restructure Inevitable: PIMCO's El-Erian (Reuters ...
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Obama fears Greece default
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Banks betting on a Greece default as they helped hide its debt ...
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Should Greece Default? « Manuel No (Manuel Nó)
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S&P threatens Greece with default rating | Pay off Debt Solutions
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... : The almost certain Greece default could cause US double-dip
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Greece: Extended Payments Another Name For Default - 24/7 Wall St.
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International Homestay - Greece
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Papandreou: Greece wont default on debt - CNN.com
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Will Greece Default?
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Tourists enjoy high satisfaction levels when visiting Greece.
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Will Greece’s default bring down the Euro? « CrisisMavens Blog
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Reasons Greece Deserves To Default
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Germany Said to Prepare Plan to Aid Country's Banks Should Greece Default
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Treasury 10-Year Yield Falls to Record on Greece Default Concern
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Why Everyone's Thinking That Greece Is Going To Default
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Euro Plummets to 6-month Low as Greece Default Nears
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Credit-Default Swap Indexes Rise in Europe on Stimulus Concerns
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US stocks gets Stark shock; Greece default risk rises
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Euro briefly pares loss vs dlr on Greek statement
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EURO GOVT-Bunds at new highs on Greek worries, Stark
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Greece Denies Talk Of Weekend Default Plans-Fin Min Source
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Greek CDS Spreads Go Stratospheric
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Will Greece be labelled "default" today?
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Ghost of Lehman Haunts G-7 Amid Debt Crisis
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Let Greece go, says Newton's Brain
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Lehman Mirrored in Record European Swap Divergence to U.S.: Credit Markets
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Greek 'Hard Default' on Debt Obligations Isn't Anticipated, Dallara Says
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Euro Breakup Would Have Grim Political,Social Consequences-UBS
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Greece default : Videos
Greek default hype part of Euro vs Dollar global currency war
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Greek Default Likely Before Year-End
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Greece Default in Dec?
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Will Greece default?
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Markets temporary rise on Greek default news (22July11)
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Greek default almost certain, Chinese safety standards questioned and two fake Apple stores closed
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Niall Ferguson on the EU sovereign debt crisis: No way around a Greek default
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![Greeces default dispute [CNN 7-06-2011]](https://lh3.googleusercontent.com/blogger_img_proxy/AEn0k_tDXG3Kj5BHPmt_6-GncKmHbSRJx6SR_FbH7mUAmhnnbef4WCedVfcIRLCLs93kAdlFMtGtmh4jNYUNt6PGFYW28Cg5RluHeWbUr4E7Rkn-=s0-d "Greeces default dispute [CNN 7-06-2011]")
Greeces default dispute [CNN 7-06-2011]
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ERIC PHELPS & VIVALDI III - GREEK DEFAULT & EUROPEAN ETHNIC CLEANSING (1/ ...
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BOB CHAPMAN - 2/MAY/2011 - GREEK DEFAULT & US DOLLAR IN ...
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Will Greece default? Will other nations follow?
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Jim Rogers Holding Dollar, Euro - Let Greece Default (29-Jun- ...
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Jim Rickards on the Greece Default
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GREEK DEFAULT - Slow agonizing death of the Euro - Greek debt tragedy
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Acropolis Now: Debt down to default as EU plugs Greek ...
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Greece Default in Dec?
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Greece Default in Dec?
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Policymakers Seeking to Delay Greek Default... Forste Says!
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Should Greece Default?
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Greece.........Default or Revolution?
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UK banks abandon eurozone over Greek default fears
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Will Greece default on its debt? BBC radio report
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Greek Default Would Be Manageable for Banks...Esterer Says!
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Gold & Silver are strong on the Greek default news, COMEX silver inventory
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Greece Default Ahead?
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Greece Will Default: Economist
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Will Greece default on debt?
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Soft Default in Greece?
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Greece Steers Away From Default
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Greece Will Not Default on Debt
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Greece Cannot Avoid Default
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Stop Trading: Let Greece Default Cries Cramer
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Greece moves on austerity deal
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Greece Default Worries
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Greece Default Coming?
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Greeces default dispute
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Greece Will Default
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Greece: Too Big to Fail?
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Euro slips, markets eyes on Greece
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Austerity Cramdown
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Greece Not Going to Default
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Morning Roadmap
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Greece Default Coming?
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Is Greece Europes Lehman?
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Greece Will Default, But When?
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Markets Eye Potential Greek Default
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Money Match Up: Greece & Commodities
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Lenders offer Greece lifeline
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Greece default : Latest News, Information, Answers and Websites
BBC News - Greece aid package agreed by eurozone
Jul 22, 2011 ... The restructuring is widely expected to be declared by credit rating agencies to be a default by Greece on its debts - something European ...
Suppose America was forced to default on its debt, would the other countries be stupid enough to accept it?
I remember hearing about the crisis in Greece, they said if Greece defaulted then, it would have collapsed the world economy. Can you imagine what the damage a US default would do! Could the countries the US is in debt to just "forgive the US of its debts"? Asking for the money would be like sawing of the branch youre sitting on.
Answer: Default means stop paying interest on bonds for a period of time such as a week or a month. The creditors will have to accept it. What otherwise, are they gonna do? But they will not buy any new bonds. If people in the countries,including financial institution stop paying debts, it would cause the bank-run. People will not be on the line in front of the banks this time,but probably rush into it with guns. Creditors will come in and force to sell the assets by auction, and take control all of our profit making companies.Only the country which cannot print the dollar will do it if it hit the wall.But not the US for sure.
Category: Economics
What difference does it make to the average Greek if they default?
I know someone my age (58) in Greece who has a similar government job to mine in the US.
He retired with 80 percent of his last income this year. I cant retire for 8 years and will get 60 percent of my last salary.
If Greece defaults, what difference is it to him?
Answer: Lots of Greeks get much of their income from the government, whether by salary or various public benefits. That's why they rioted and protested so much when they found out the gravy train had run dry.
Category: Politics
HUGE: Germany Preparing To Bail Out Its Banks If Greece Defaults
1) A Greek default is a REAL an imminent possibility (bearish). 2) Germany is ... Chatter about a Greek default as soon as this weekend -- which has been denied, according to CNBC -- will certainly heat up. Please follow ...
Euro Crashing: Greek Default To Come?
Rumour is being criculated that Greece will default over the weekend. Stocks are hammered, and Euro is crashing.
Should Greece just default on their bonds? Should the US?
Many countries are being crushed by debt. If they defaulted then no one would loan them money any more. They could start with a clean slate and not get in the habit of borrowing to live beyond their means.
Answer: We are totally broken out ! Our National debt is 254 BILLION euro.
Just for comparison: Russian debt in Yeltsin times was 51 billion.
Argentina's debt was 54 billion.
And Greece is not Russia or Argentina but small Balkan puppet-state...
Category: Greece
liveworldnews.net » Euro Plummets to 6-month Low as Greece ...
Germany Said to Ready Plan to Help Banks if Greece defaults – Bloomberg. • Stark to ... An event that has been a long time coming, it now appears that Greece will default on its debt and / or be forced to leave the Euro-zone. ...
Euro Plummets to 6-month Low as Greece Default Nears | Avid ...
Fundamental Headlines • Greece Must Keep Cutting or 'Probably' Exit Euro, Flaherty Says – Bloomberg • Germany Said to Ready Plan to Help Banks if.
What would happen if an EU member state (e.g. Ireland or Greece) was allowed to default?
Im trying to get my head around why it is so important to bail out even a small (GDP wise) country which is part of the EU? What would be the effect on the EU and the euro as a whole if they were not bailed out?
Many thanks!
Answer: The bailouts we've seen aren't that important. You are missing the real problems.
The bailouts don't really help the individual countries - the bailout money just goes to the banks that the countries owe money to.
"As of 31 December 2009, banks headquartered in the euro zone accounted for almost two thirds (62%) of all internationally active banks’ exposures to the residents of the euro area countries facing market pressures (Greece, Ireland, Portugal and Spain). Together, they had $727 billion of exposures to Spain, $402 billion to Ireland, $244 billion to Portugal and $206 billion to Greece"
"French and German banks were particularly exposed to the residents of Greece, Ireland, Portugal and Spain. At the end of 2009, they had $958 billion of combined exposures ($493 billion and $465 billion, respectively) to the residents of these countries. "
http://www.econbrowser.com/archives/2010/06/is_spain_next.html
France and Germany are just trying to prevent their own banks from losing money. They couldn't care less what actually happens to the Irish, the Greeks, etc.
Many people are expecting that, in the end, the PIGs will end up defaulting, or at very least "restructuring their debt". That will address the issue of the banks, but not the problems of the countries themselves.
http://krugman.blogs.nytimes.com/2010/11/23/hamping-europes-periphery/
On those problems the EU and the Eurozone is doing nothing.
http://www.social-europe.eu/2010/04/open-letter-to-european-policymakers-the-greek-crisis-is-a-european-crisis-and-needs-european-solutions/
The pain for these countries is looking to be so bad that some are actually seeing the possibility of the dissolution of the eurozone.
http://www.telegraph.co.uk/finance/economics/7806064/Euro-will-be-dead-in-five-years.html
http://www.telegraph.co.uk/finance/financetopics/financialcrisis/8039041/Joseph-Stiglitz-the-euro-may-not-survive.html
http://www.brusselsjournal.com/node/4294
http://krugman.blogs.nytimes.com/2010/05/05/greek-end-game/
Category: Economics
Greece default 'virtually 100 percent' - The Washington Post
Jul 25, 2011 ... Moody's Investors Service gives a mixed verdict on the new plan for Greece, saying it will help stabilize the country's finances and insulate ...
Greece rejects talk of default | The Big Picture
GREEK FINANCE MINISTRY ISSUES STATEMENT *GREECE COMMITTED TO `FULL IMPLEMENTATION' OF BAILOUT AGREEMENT *GREECE REJECTS TALK OF DEFAULT.
Since Greece and others are edging toward default, should the US also consider this option?
Of course many will say that it will destroy the credit of the US government. But the alternative seems to be crushing the US with huge taxes, recession or both.
One side effect might be that it would force politicians to actually live within their budget.
Answer: Why should we? The European union and the EUro are our competitor. It makes the dollar stronger.
Category: Economics
What would have happened if Greece has threatened with default?
Initially countries were reluctant (eg germany ) to lend to Greece in order for it to repay its debt..
However in my opinion The Greek government could have negotiated better interested rates and also negotiated the terms of the loan...
IMF/ EU : These are the terms of the loan
Greece : I cant accept eg 1,2,3, I cant enforce / cut wages up to a % percent because a social uprising will occur etc etc
IMF/ EU : You have to otherwise we wont lend you money
Greece: Ok i am defaulting i cant pay my debts then
Now lets assume that this scenario was took place becauseGreece has to voluntarily exit the euro ( it cannot be kicked out )a country defaulting in the eurozone will have had massive consequences for the euro currency as it will dramatically drop against other currencies if not end its existence .
German and French financial institutions are thought to hold up to 70% of Greek debt and would be severely hit.
For reasons of self-interest, therefore, the EU was likely to go to any lengths to stop Greece defaulting so couldnt Greece in a way "blackmail" EU by holding this radical extreme approach and negotiate better loans and also hold a harder position against and not accept all the rules imposed by the IMF / EU ?
Answer: There is a slight chance that the entire European Union might have collapsed. They would have gone back to being independent countries with proprietary currencies.
Otherwise, it might have caused an economic depression lasting years.
Category: Other - Business & Finance
Do American taxpayer realize they will have to pay Greeces debt if they default?
Just like in the housing crisis good old AIG is selling insurance pollicies (Credit default swaps) to guarantee that Greece will not default.
If Greece does default AIG who our government now owns, will need a bailout from.....YOU
Answer: I'm sure the pres will come up with a fancy speech telling us why Greece's failure is all
our fault.
Category: Politics
How did greece default?
I am very curious how Greece defaulted. I couldnt find anything on how it did.
Answer: The Greeks have a major aversion to paying taxes first of all. Second, the "people" kept demanding raises (public workers) that the government didnt have to pay, but the people kept demanding, so eventually they got their raises. Then you have social programs to keep the retired from being homeless and the poor fed... which the country didnt have money for either.
So they had to borrow money from the EU to keep it all going. Then the interest and payments came due, and since Greece didnt have the money in the first place, they took more loans to pay the original loans... the cycle continued until the day when they couldnt get any more loans (because everyone figured out, they had no money) and then they couldnt really pay any of the debt back.
Greece is basically the definition of what happens when you have programs you cant pay for because you refuse to tell your citizens NO
Category: Government
Why Everyone's Thinking That Greece Is Going To Default
There are two reasons that people are speculating on a Greek default this weekend. First, private sector participation in the bailout -- accepting about a 21 percent haircut voluntarily -- is not going to be very popular. Greece ...
The Inevitability of a Greek Default - NYTimes.com
May 5, 2011 ... Europe needs to act to keep a Greek default from destroying its financial system, then accept the reality.
If Greece defaults wouldnt that mean that the World Bank and IMF default?
Answer: No not at all, both the World Banks and the IMF are very solvent, the worst hit will be the EU. Have a look at the details here. http://ec.europa.eu/economy_finance/index_en.htm it really is a very serious situation. Other countries like Spain, Portugal and Southern Ireland (Erie) will be in trouble as they need help as well form the Union and if Greece defaults there may not be money for them. The link has it all there to see and relax on your worries about the other two organisations.
Category: International Organizations
BREAKING: GREECE SAYS IT WON'T DEFAULT, AND WILL FULLY ...
Image: Wikimedia Commons. Contrary to all the chatter out there today, Greece says it WILL NOT DEFAULT and that it's committed to full implemenation of the bailout agreement. The news comes via headlines via Bloomberg. ...
Moody's says likelihood of Greek default 'virtually 100%' | Business ...
Jul 25, 2011 ... Moody's cut its credit rating for Greece by three notches – leaving it just one position above default.
The CDS market and Greece's default | Felix Salmon
Jul 22, 2011 ... ISDA has made the right decision: the Greek bond default ...
A Greek Debt Default Could Affect American Economy - ABC News
Jun 16, 2011 ... Greece, a small nation in southern Europe, is having an outsize impact on the U.S. economy because investors fear it might default on its debt.
How will Greece default on its debt if it doesnt have control of the Euro?
Wont the Euro default?
Answer: that is the question. Perhaps when Greece can't pay they will be kicked out of the EU.
Category: Politics
I want opinions not article, who thinks Greece will default on its debt payment?
Category: Credit
Should Greece default on their debt to escape euro crash?
Should they also return to the dracma and leave the euro to save whats left of their economy?
Answer: Everyday after work (keeping the hotel chain up) I go to the Buffet Škola in Dubrovnik and I keep seeing Greek unibrown women dragged away by the police. Apparently they got in the country without passports and were selling fake gold and drugs to tourists. When will this refugee wave finally end?
Category: Greece
As Greece Denies, Germany Begins Greek Default Preparations ...
Literally seconds after the Greek finance ministry announce that any rumors of a Greek default over the weekend are absolute rubbish (we wonder who would admit such rumors?), we get the following from Bloomberg: ...
Why do you think Greece and Ireland faced a default on their debt?
What should be done to reduce vulnerability of the Euro zone countries to similar crisis in the future?
Category: Economics
Is it true that Greece is about to go to default?
I have read some articles that predicts Greece is about to go to default soon and will not pay at least half of its debt back. How would this effect the EU and USA?
Answer: LOWly & BEHOLD!...How some HUMANS brains are so far removed from Greece
"Better to remain silent and be thought a fool than to speak out and remove all doubt"
Mark Twain
Category: Greece
Do you think the European Union will let Greece default and exit from the Euro?
Answer: A stable currency like the Euro is what Greece needs so leaving the EU IMHO would not be a good move for Greece.
Category: Other - Europe
Greece defaults | Felix Salmon
Jul 21, 2011 ... The latest Greek bailout is done and it involves Greece going into selective default, which is, yes, a kind of default.
Greenspan Says Greece Default 'Almost Certain,' May Trigger U.S. ...
Jun 16, 2011 ... Alan Greenspan, former Federal Reserve chairman, said a default by Greece is “ almost certain” and could help drive the U.S. economy into ...
The USA is about to default in its debt. Do you realize that puts it on the same boat as Greece and Iceland?
After that, the international bankers will have to take over the US economy.
Which means youll never again be an independent nation.
Are you ok with that?
Answer: Yes. I just wish the pro-welfare liberals were smart enough to know that.
Category: Politics
