Tag Archives: greek debt

John Ward EUROBLOWN: A small clue as to why the main Greek Parties are struggling for support…and why Brussels has a BIG problem

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From The Slog I have from friends in Athens the latest percentage support figures for the Greek political Parties from a poll by Public Issue. These suggest that New Democracy is on 19% – a drop of 3.5% compared to … Continue reading

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John Ward April 2, 2012: Eurozone Debt ~ Two More UXBs You Won’t Find In The UK & US MSM

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Greece has no money to pay international law creditors, and the Bundesbank is owed 550 billion euros by debtor banks From Germany’s Deutsche Mittelstands Nachrichten this morning came the news that investors with Greek government bonds issued under international law continue … Continue reading

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Ellen Brown ~ Wall Street Confidence Trick: How “Interest Rate Swaps” Are Bankrupting Local Governments

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Global Research| March 22 2012 The “toxic culture of greed” on Wall Street was highlighted again last week, when Greg Smith went public with his resignation from Goldman Sachs in a scathing oped published in the New York Times.  In other recent eyebrow-raisers, … Continue reading

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Greek banks may not need all of EU/IMF aid: central banker

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I post this article just to highlight the absurdity of the ongoing attempts by the “Powers that Were” to convince the world that everything is going according to plan for Greece and, maybe, even a bit better than planned. My … Continue reading

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Greece Default Is Official; Insurance Payouts Triggered

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By: CNBC.com A group representing dealers in credit default swaps decided Friday that Greek’s bond swap constitutes a “credit event” that entitles holders of Greek credit default swaps to compensation. The “yes” vote by the International Swaps and Derivatives Association … Continue reading

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John Ward – Exclusive – Why Greece Cannot Be Allowed To Survive & Why Merkel Is In Such A Hurry To Get To Fiskalpakt – 7 March 2012

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ANALYSIS: Why Berlin, Washington, the German Constitution, the Fiscal Union and the Greek bailout are unstoppable forces hitting immovable objects. Quite a few of you will already be aware of the facts I’m about to discuss. What you might not … Continue reading

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Greg Hunter ~ If Greek Debt Deal Blows Up–$1 Trillion in Losses!

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USAWatchdog | March 7 2012 There are more ways for the world economy to get much worse than there are ways for it to get better. One land mine waiting to be stepped on is the Greek sovereign debt.  The IMF … Continue reading

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European markets plunge as Greece threatens to default

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European stockmarkets plunged as Greece threatened its international creditors with a default. By Louise Armitstead 11:20PM GMT 06 Mar 2012 Bourses across Europe shed more than 3pc each as Greece said it was ready to impose the €206bn restructuring on … Continue reading

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John Ward: Bondholder Acceptance Revealed To Be Miserable 20%, Greek Finance Ministry Stuns World With Details Of German Banker Meeting – 6 March 2012

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They’ve managed to drag this out a lot longer than I expected, but it looks like a Greek default is finally barreling down the pike. The only question now is what response from the U.S. and how long before everything … Continue reading

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Euro crisis update: ISDA rules “NO” on credit default swaps for now

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Thursday, March 01, 2012 From Bloomberg: Default insurance on Greek debt won’t be paid out, the International Swaps & Derivatives Association said after it was asked to rule whether part of the nation’s $170 billion bailout was a credit event. … Continue reading

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