Posts Tagged ‘euro zone’

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    Euro Deal Primer

    Oct 28, 11 • 402 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]

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    A Tale of Two Euro Zone Countries

    Sep 14, 11 • 378 Views • No Comments

    Saying, “It is a small step for the euro zone and a big step for Estonia…” the Estonian prime minister celebrated his country’s formal entry into the Western economic world. On January 1, 2011, Estonia switched from the kroon to the......  [read more]

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    On Time Again

    Aug 31, 11 • 390 Views • No Comments

    Have you ever thought about the difference that a clock makes? Described in The Geography of Time, a pre-clock world meant you could not say, “I will meet you at 12:30 for lunch” or “Your workday is 9-5.” By the 1820s, though,......  [read more]

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    Mixed Euro Zone Metaphors

    Jul 19, 11 • 372 Views • No Comments

    In this Economist podcast, journalists describe the euro zone debt crisis with a wonderful array of metaphors. (Directly and indirectly, I quote what they said.) Minnows: The smaller peripheral nations in the euro zone, Greece, Ireland and Portugal are......  [read more]

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    A New Drachma?

    Jun 23, 11 • 390 Views • No Comments

    According to a 2002 BBC report, Greece was the least prepared to make the switch to the euro in 2002. During the transition only 1/6 of all businesses in Greece had received their euros. Now, Greece remains a dysfunctional euro nation. Can it leave? Not......  [read more]