Posts Tagged ‘Greece’

  • 16437_3.9_000008354384XSmall

    Euro-Zone Rates

    Jun 17, 11 • 432 Views • No Comments

    Please match each of the following countries with its unemployment rate and borrowing rate: Countries: Germany, Greece, Ireland; and the U.S. and the U.K. Unemployment rates: 9.1%, 7.7%, 7%, 15.9%, 14.8% 2-year bond rates: .5%, 4.5%, 1.75%, 29.69%, 12.95% The......  [read more]

  • 16376_5.17_000007453370XSmall

    Bailout Fatigue

    May 17, 11 • 348 Views • No Comments

    Yesterday, in a 94-0 vote, the U.S. Senate said it had bailout fatigue. No, they were not referring to Fannie Mae or General Motors. They meant Greece. This is the connection: By selling government securities, Greece had borrowed money to fund massive......  [read more]

  • 16360_10.17_000010717125XSmall

    Euro Problems

    May 10, 11 • 383 Views • No Comments

    This country had a national railroad that received $100 million euros a year in revenue but had expenses of $700 million. All public jobs paid an average of 3 times what the private sector paid. Beauticians, musicians and radio announcers were retiring with......  [read more]

  • 16203_2.20_000005476580XSmall

    A Debt Tour

    Feb 20, 11 • 423 Views • No Comments

    Calling it “financial disaster travel journalism,” author Michael Lewis (The Blind Side and The Big Short) takes us to Iceland, Ireland, and Greece in 3 Vanity Fair articles that are wonderful. Comparing Iceland to Ireland, he tells us, “But......  [read more]

  • 16076_12.18_000008995466XSmall

    Calamity Markets

    Dec 20, 10 • 422 Views • No Comments

    Some markets are distressed. For close to 30 cents on the dollar, firms that purchase distressed securities have offered to buy loss claims from victims of the Madoff fraud. Instead of waiting for the settlement process to unfold for undetermined amounts,......  [read more]