Greece’s dance with default and economic depression, highlighted by its failure Tuesday to make a scheduled payment to international creditors, has been disrupting global stock markets for weeks—and nowhere more so than in Europe, where the MSCI Europe stock index has fallen about 5% over the past week through Tuesday’s close. 946 more words
Tags » Mario Draghi
Wall Street Journal — Ask Mario Draghi: Bailouts are the only solution allowed in the eurozone.
Congratulations, Europe, on once more producing the outcome nobody wanted as Greece verges on social chaos and exit from the eurozone. 83 more words
DEATH OF THE EURO: vindictive eurocrats, a happy Mario Draghi, a predictably exposed Christine Lagarde, and a wise but powerless DSK
O Lucky Man
HOW THE AMERICAN PENCHANT FOR REGIME-CHANGE DELIVERED US INTO DYSTOPIA
It hasn’t taken long today for the strutting “We can handle a Greek default” faux-confidence to evaporate among the engorged egos of the euroélite. 1,103 more words
While Chinese stocks endured more losses in a week that now puts the A-Shares Index into correction territory, U.S. 509 more words
It’s still a stalemate in the Greece/Eurozone arena. This Monday saw Greece’s Alexis Tsipiras make his compromise offer to the Euro zone bloc, but was it enough? 536 more words
In this breaking story, FT writer, Wolfgang Munchau gets to the heart of the matter. This is a must-read. Check it out!