Tag Archives: default

Greece is the word…


News from the past seven days… MarketWatch – Greece should default, exit euro, Roubini says; ZeroHedge – Germany Demands “Managed” Greek Default And 50% Bond Haircuts In Exchange For Expanding EFSF, Peripheral “Firewall”; Spiegel – ‘We Won’t Pay’ Greece’s Middle … Continue reading

Posted in Austerity / Cutbacks, Budget, Civil Disobedience, Debt Default/Restructuring, ECB/IMF, Economy, EU, Euro / Sovereign Money, eurozone, Geopolitics, Germany, Greece, Health | Tagged , , | Leave a comment

CNBC: “Europe’s Debt Crisis Won’t End Until Greece Defaults”


From CNBC – Europe’s Debt Crisis Won’t End Until Greece Defaults: Allowing deeply indebted European countries the chance to restructure their obligations seems to be the most direct approach to resolving the problem, yet has been met with resistance that … Continue reading

Posted in Debt Default/Restructuring, EFSF / European Financial Stability Fund, EU, France, Greece, Italy, Spain | Tagged , , , , | Leave a comment

The Italian Job


Yanis Varoufakis – Why Italy? Why Spain? And why the EFSF’s size does not matter; Reuters – Italy under fire in widening euro debt crisis; Spiegel Online – Betting on Default; Investors Lose Faith in Italy; Business Insider – NO … Continue reading

Posted in ECB/IMF, Economy, EU, Euro / Sovereign Money, Geopolitics, Italy | Tagged , , , , | Leave a comment

3 years into crisis still trying to “save the euro” – when we should have decided to leave (People’s Movement)


Three years into the crisis and we are still trying to “save the euro,” when we should have decided to leave, set our own interest rate, scorched the bondholders, and allowed the new Irish pound to find its own value. … Continue reading

Posted in Bankers' Bailout, Budget, Debt Default/Restructuring, ECB/IMF, Economy, EU, Euro / Sovereign Money, Independence/Nationalism, ireland, Solutions | Tagged , , , | Leave a comment

“Euro Exit Strategy Crucial for Greece: new bailout about protecting banks, not people. Early default will change that” (Costas Lapavitsas/Guardian)


Costas Lapavitsas writes in The Guardian – Euro exit strategy crucial for Greeks: Greek default and exit has always been the most likely outcome of the eurozone crisis. The truth is that economic and monetary union has failed, not least … Continue reading

Posted in Accountability, Bankers' Bailout, Budget, Civil Disobedience, Debt Default/Restructuring, ECB/IMF, Economy, Elections, EU, Euro / Sovereign Money, Geopolitics, Greece, Independence/Nationalism, ireland, Solutions | Tagged , , , | Leave a comment

Dr. Thomais Kakouli-Duarte, Economist Constantin Gurdgiev, Marian Harkin MEP present analyses & solutions on NewsTalk


From Newstalk’s The Wide Angle with Karen Coleman: Dr. Thomais Kakouli-Duarte, President of the Hellenic (Greek) Community of Ireland 2006-2011, Secretary of the Greek Orthodox Community in Ireland 2006-present, Lecturer & investigator at Institute of Technology Carlow; Economist Constantin Gurdgiev; … Continue reading

Posted in Audio/Video, Auditing Committee, Budget, Debt Default/Restructuring, ECB/IMF, Economy, Euro / Sovereign Money, Geopolitics, Ideology, Independence/Nationalism, ireland | Tagged , , , , , , , , , , | 1 Comment

“Greece – It’s all about bailing out French and German Banks… Ireland is waiting for an excuse to claim it was pushed.” (David Malone)


From David Malone – author of The Debt Generation – Greece; It’s all about bailing out French and German Banks: When the Greek debt crisis first surfaced it could have been dealt with as a crisis in Greece. Granted Ireland … Continue reading

Posted in Bankers' Bailout, Budget, Civil Disobedience, Debt Default/Restructuring, ECB/IMF, Economy, EU, Euro / Sovereign Money, Geopolitics, Independence/Nationalism, ireland, Solutions | Tagged , , , , , , | 1 Comment

Euro default “inevitable”: Former Bank of England Monetary Policy Committee member Blanchflower


From Robert Miller at the Telegraph – Blanchflower: A euro debt default ‘inevitable’: Former Bank of England Monetary Policy Committee member David “Danny” Blanchflower tells Robert Miller that a failure by the ECB to tackle the debt problems in the … Continue reading

Posted in Budget, Debt Default/Restructuring, ECB/IMF, Economy, EU, Euro / Sovereign Money, ireland, Solutions | Tagged , , , | 1 Comment

David Malone: “Ireland should default – How?”


From David Malone (“The Debt Generation“) – Ireland, Greece and Portugal should Default: The problem with saying that is that as soon as you do, a great clucking flock of Chicken Littles come speeding out of their corners, kicking up … Continue reading

Posted in Accountability, Bankers' Bailout, Debt Default/Restructuring, Debt for Equity, ECB/IMF, Economy, Housing Bubble, ireland, Solutions | Tagged , , , | Leave a comment

New York Times: “Irish bailout deal wrongly puts full repayment burden on hard-pressed taxpayers, sparing rich country creditors who made big profits lending to risky borrowers”


From a New York Times editorial – Less Than Needed on the Euro: The Greek and Irish bailout deals wrongly put the full repayment burden on the hard-pressed taxpayers of these two countries, sparing the rich country creditors who made … Continue reading

Posted in Bankers' Bailout, Budget, Debt Default/Restructuring, ECB/IMF, Economy, EU, Euro / Sovereign Money, Geopolitics, Housing Bubble, ireland, Solutions, Taxation | Tagged , , , , , | Leave a comment

BusinessInsider: Countries most likely to default – Romania, Egypt, Ukraine… Ireland


BusinessInsider.com: The 18 Countries Most Likely To Default – No.4, Ireland BusinessInsider.com: Two Terrible Charts That Should Frighten The Bejesus Out Of Anyone In Ireland

Posted in Bankers' Bailout, Budget, Debt Default/Restructuring, ECB/IMF, Economy, EU, ireland | Tagged , , | Leave a comment

Election Update (28 February, 11:30am)


Irish American Information Service – “a good government requires a good opposition” – Adams Niall O’Dowd – All changed utterly in Ireland after this utterly dramatic election Eamonn Mallie – Why Unionism and the SDLP are now on alert in … Continue reading

Posted in Accountability, Bankers' Bailout, Breaking News, Budget, Debt Default/Restructuring, ECB/IMF, Elections, EU, Euro / Sovereign Money, Geopolitics, Ideology, ireland, Irish America, Solutions | Tagged , , , , , , | Leave a comment

Guardian: Greece Can Only Recover By Defaulting


From The Guardian – Greece can only recover if its debt is restructured, say economists: Experts say a default on Greece’s €110bn EU and IMF-sponsored rescue package is inevitable…

Posted in Bankers' Bailout, Budget, Debt Default/Restructuring, ECB/IMF, Economy, Euro / Sovereign Money, Solutions | Tagged , , , | Leave a comment

Telegraph – Citigroup: Fear Fresh Wave of Eurozone Sovereign Defaults, Bank Failures


From The Telegraph – Citigroup fears fresh wave of sovereign defaults and bank failures in eurozone: Citigroup has warned of a fresh wave of bank failures and a string of sovereign defaults in Europe unless EU leaders come up with … Continue reading

Posted in Accountability, Bankers' Bailout, Budget, Debt Default/Restructuring, ECB/IMF, Economy, EU, Euro / Sovereign Money, ireland, Solutions | Tagged , , , | Leave a comment

Bank Credit Analyst: Iceland vs Ireland – Devaluation vs Deflation


From BCA Research‘s Daily Insights (via John Mauldin’s Thoughts From The Frontline) – Iceland, Ireland And The Role Of The Currency: The different adjustment paths of Ireland and Iceland are classic examples of devaluation versus deflation. Iceland and Ireland experienced … Continue reading

Posted in Bankers' Bailout, Budget, Debt Default/Restructuring, Euro / Sovereign Money, Housing Bubble, ireland, Solutions | Tagged , , , , , , , , , | Leave a comment

Irish Central: Off With Their Heads


From Cahir O’Doherty, Irish Central – If Ireland Can’t Pay, Ireland Shouldn’t Pay: …in Ireland our homegrown golden circle, the men who walk between the raindrops no matter how bad the economic weather, can privatize their profits and socialize their … Continue reading

Posted in Bankers' Bailout, Debt Default/Restructuring, Euro / Sovereign Money, Solutions | Tagged , , , | Leave a comment

Bloomberg: Bust Is Better Than Bailout


From Mathew Lynn at Bloomberg: It’s not too late. The request for aid may have been made. The negotiations may have started. But Irish Prime Minister Brian Cowen can still refuse a bailout from the European Union and the International … Continue reading

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Jim Rogers: Ireland Should Default


Via ZeroHedge – Jim Rogers, American investor and financial commentator: “It would teach everybody a good lesson, and in the end Europe would be stronger for it, and the EUR would be stronger… You can not spend staggering amounts of … Continue reading

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