Tag Archives: Greece

Greece Has Defaulted: Here Is Where We Stand

ZeroHedge…

After reading this, everyone should have a fairly good grasp of what happened not only today, but ever since the great (and quite endless) European financial crisis took center stage, and what to look forward to next…

 

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Greece Falls Into ‘Death Spiral’: Rising Debt, No Growth

Angelo Cavalli | Photodisc | Getty Images

From CNBC…

Drowning in red ink, Greece has nowhere to turn to revive the economic growth that might put its debt on a sustainable trajectory, reassure angry foreign creditors and offer hope to its recession-weary citizens.

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Greek Default Could Tip US Into Recession

Euro / US Dollar FX... (eur=x) 1.3628 -0.0045 (-0.33%%) Exchange

From CNBC…

Despite being more than 5,000 miles from Washington D.C., a default in Athens could trip up the global banking system just enough to tip the U.S. into a recession, investors and economists said.

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As Greece Denies, Germany Begins Greek Default Preparations

From ZeroHedge…

Chancellor Angela Merkel’s government is preparing plans to shore up German banks in the event that Greece fails to meet the terms of its aid package and defaults, three coalition officials said.

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