Category Archives: Greek Financial Crisis

Greece needs to leave the Euro and default this bank holiday weekend

As the crisis in the Euro area continues to spread and develop it is easy to forget the economic destruction that has been inflicted in Greece where the first signs of the current problems emerged. That is of course unless … Read More

Posted in Banking Reform, Banks, Euro zone Crisis, General Economics, Greek Financial Crisis, Yield | 40 Comments

European leaders waffle about economic growth just as even Germany sees it grind to a halt!

Late last night or more accurately early this morning European Council President Van Rompuy gave a Press Conference to announce the progress at the latest European Union summit. After Mr. Van Rompuy had given us some Euro waffle which seemed … Read More

Posted in Banking Reform, Euro zone Crisis, General Economics, Greek Financial Crisis, Interest rates, Quantitative Easing and Extraordinary Monetary Measures | 35 Comments

Why a parallel currency or “Greuro” would be a bad idea for Greece

This week opens after yet another example of summit inflation which also seems to be combined with a serious lack of productivity. These summits appear and disappear like showers on a hot summers day. Can anybody think of anything out … Read More

Posted in Banking Reform, Banks, Euro zone Crisis, General Economics, Greek Financial Crisis | 23 Comments

Greek bank depositors, not voters, key to EMU future

Press reports of faster deposit outflows from Greek banks accord with developments on the ECB’s balance sheet last week. “Other claims on euro area credit institutions denominated in euro” – a category that includes the Greek and Irish emergency liquidity … Read More

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Sluggish UK trade performance cautionary for Greek devaluationists

Officialdom and the consensus cheered sterling’s 2007-08 collapse on the grounds that it would speed economic recovery. Posts at the time suggested that capacity and credit constraints would prevent a major expansion of tradeables output, implying a bigger boost to … Read More

Posted in Greek Financial Crisis, Manufacturing | 1 Comment

Greece’s latest public finance figures show that the current medicine is not working

As we open this week we find that yet again Greece is the word,with apologies to Frankie Valli. Markets are increasingly worried about a Greek exit from the Euro and the consequences of it. This is true throughout Europe and … Read More

Posted in Euro zone Crisis, General Economics, Greek Financial Crisis | 29 Comments

The merry go round from the ECB to the EFSF and back barely touches Greece and her borders

Yesterday there was an example of a political and media furore over the matter of a 5.2 billion Euro payment from Europe to Greece due today. In essence some Euro officials were attempting to threaten Greece and much of the … Read More

Posted in Euro zone Crisis, General Economics, Greek Financial Crisis, Quantitative Easing and Extraordinary Monetary Measures, Uncategorized | 24 Comments

Greece – not a hopeless basket case after all?

Posted on by QFINANCE

One of the astonishing features of the Greek elections on May 6th was the reaction of the markets. The German DAX index crashed from the mid 6600s down to 6370, then, by Tuesday morning, it had shrugged off the election … Read More

Posted in Greek Financial Crisis | Leave a comment

As Bankia of Spain hits trouble could and should Germany rather than Spain rescue her?

There have been many themes outlined on this blog about the credit crunch and its consequences and today is one of the examples where they come together in one place. Ironically some of the problems I will discuss today were … Read More

Posted in Banks, Euro zone Crisis, General Economics, Greek Financial Crisis, Quantitative Easing and Extraordinary Monetary Measures | 35 Comments

Why the Euro will fall, it’s the economy stupid!

After reading such a headline on a day like this you are probably expecting a discussion about the elections that took place over the weekend in Greece and France. Both of them place challenges for the concept of the Euro … Read More

Posted in Euro zone Crisis, General Economics, Greek Financial Crisis, Recession, Uncategorized | 22 Comments
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