Berlin Prepares for Possible Greek Exit from Euro Zone

The German government has been simulating a range of scenarios to prepare for a possible exit of Greece from the euro zone. Under a worst-worst-case scenario, the country could descend into a vicious circle of misery that could last decades.

Και η Τουρκία λέει όχι στο short selling

By Michael Patterson and Benjamin Harvey - Aug 11, 2011 3:18 PM GMT+0300


Turkey moved to curb short sales and threatened “severe penalties” for stock manipulation, joining nations from Greece to South Korea in trying to stem bearish bets after the worst tumble in global shares since 2008.


The minimum cash or equity required to initiate a short sale on the Istanbul Stock Exchange was raised to 70 percent from 50 percent, according to an e-mailed statement from Turkey’s Capital Markets Board today. In a short sale, an investor borrows a security and sells it, expecting to profit from a decline by repurchasing it later at a lower price.

Μέργκελ και Σαρκοζί σε επείγουσα συνάντηση

By Rory Mulholland (AFP)
PARIS — French President Nicolas Sarkozy called a eurozone crisis meeting with his German counterpart while Italy promised cuts and tax hikes Thursday as its part in the battle to save the single currency.

Merkel will travel next Tuesday to Paris for the meeting aimed at producing "joint proposals" by September on how to better manage the euro and avoid future instability, Sarkozy's office said.

GREECE - Factors to Watch on August 8

G7 SEEKS TO CALM MARKETS ROCKED BY DEBT CRISES

Finance chiefs from the world's industrial powers pledged on Sunday to take whatever actions were needed to steady financial markets, spooked by the political wrangling in Europe and the United States over slashing their huge budget deficits. 

Quick Guide to the Greek crisis

(Reuters) - A debt crisis in Europe's single currency zone has entered a critical phase with fears Greece could default and spark a global financial disaster like the one that followed U.S. investment bank Lehman Brothers' collapse in 2008. Austerity plans have caused big street protests in Athens.

EU summit branded a failure as default fears continue

Cara Waters FTAdviser Published Monday , March 28, 2011


Friday's (25 March) EU summit failed to establish a clear road map for the resolution of the region's sovereign debt crisis, said Jeremy Batstone-Carr, head of private client research at Charles Stanley.

Greece vs. Zimbabwe

Dean Baker, CEPR 

Paul Krugman added another post on the potential impact of large deficits on the U.S. economy in which he argues that it doesn't matter that the U.S. can print its own currency; it still faces the same constraints from financial markets. I would argue that it matters a great deal for two reasons that I laid out in my previous post.

The first reason is that at any point in time the Fed would have the option to intervene in bond markets and buy up debt, if private investors were demanding very high interest rates. This is important because the decision by the Fed to not buy debt would

Europe’s Elephants in the Room

By Jordan Heim
Contributor
March 28, 2011

According to Herman Van Rompuy, the President of the European Council, the Summit of Heads of State and Government of the European Council held at the end of March will allow Europe to “turn the corner” on its public debt crisis. Yet, when the 27 members of the European Union met on March 24, the most intractable—and not coincidentally the most important—issues were left unaddressed.

Οι Έλληνες εφοπλιστές συνεχίζουν να επενδύουν σε φορτηγά πλοία

Three Greek shipowners in recent days have inked firm orders for pairs of post-panamax container vessels in China and South Korea.

The decision comes as Greece-based companies continue their surge of investments in boxships.