Posts Tagged ‘default’

  • euro zone map

    Luxembourg Yogurt?

    Oct 13, 12 • 212 Views • No Comments

    For this Greece update, some past and current information… Soon after the euro was launched on January 1, 2002, a €76,000 bank heist near Athens became the first major euro robbery. Near Athens also, with the new currency launch, it took 3 staff...  [read more]

  • The US is again hitting its debt ceiling.

    Some Greek Math

    Aug 24, 12 • 257 Views • No Comments

    With a euro zone update on Greece unfolding (they might lease some islands but we’ll get to that in a moment), here is some Greek math that Michael Lewis presents in Boomerang. Referring to the deficit, during October 2009, the Greek government thought...  [read more]

  • euro zone map

    Exit Plans

    May 24, 12 • 255 Views • No Comments

    A British charitable trust has offered a hefty reward for the best eurozone break-up plan. Their goal? Improve and influence policy though a 250,000 pound ($393,430) incentive prize. As I read through the finalists’ plans, the unfathomable complexity of...  [read more]

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    Greek (Debt) Myths

    Jan 26, 12 • 273 Views • No Comments

    Maybe sell some islands and an ancient ruin or two? In Boomerang, Blind Side author Michael Lewis repeats what German politicians were suggesting in 2009 when they heard that the Greek debt was much larger than previous estimates. How much bigger? No one was...  [read more]

  • Thomas Sargent and Cutting the deficit

    Alexander Hamilton, George Washington and the Euro Zone

    Dec 13, 11 • 256 Views • No Comments

    How to decide euro zone policy today? Just look at the U.S. between 1780 and 1840. Saturday, in his Nobel Prize lecture, economist Thomas J. Sargent compared the past U.S. to the current euro zone. He based his talk on 4 questions: Should governments default...  [read more]