Posts Tagged ‘euro zone’

  • Tax Revenue

    Greek Taxes

    Nov 29, 11 • 395 Views • No Comments

    Having added property taxes to electric bills, the Greek government is shutting off the power to people who do not pay what they owe. The response? In a northern suburb of Athens, a mayor has assembled a group of electricians to reconnect people who lose...  [read more]

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    The First Credit Default Swap

    Nov 28, 11 • 404 Views • No Comments

    Some of the euro zone’s problems actually started with the Exxon Valdez oil spill. After the 1989 Exxon Valdez calamity, when an Alaska jury said that Exxon owed $5 billion in damages, they asked J.P. Morgan for a $4.8 billion line of credit. Concerned...  [read more]

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    European Ties

    Nov 14, 11 • 316 Views • No Comments

    How to picture the US/European economic partnership? You could think of Skippy Peanut Butter. Owned by Unilever, a multinational based in the UK and the Netherlands, Skippy’s peanuts are grown primarily in Georgia and Texas, shelled and sorted here, and...  [read more]

  • Unless We Look More Closely at Women in the Global Labor Force, We See Only the Tip of the Iceberg.

    Leaving the Euro

    Nov 5, 11 • 280 Views • No Comments

    Would you like to win 250,000 British pounds? Predicting that a nation’s euro zone exit would be catastrophic unless properly managed, a UK businessman has sponsored a contest. To win the prize money, you just need to submit the best departure plan. The...  [read more]

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    Euro Deal Primer

    Oct 28, 11 • 313 Views • No Comments

    To understand euro zone bailout plans, just think BBB. Bonds, Banks, Bailout The Bonds: If you own Greek debt, then you would be asked to accept a 50% haircut. That means you will get new Greek bonds worth half the old ones. The catch? It’s voluntary. A...  [read more]