Posts Tagged ‘Greece’

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    California and Kentucky

    Nov 20, 11 • 226 Views • No Comments

    Could we compare California’s relationship with Kentucky to Germany and Greece? Somewhat like Germany and Greece… California and Kentucky share the same currency. California has a more vibrant economy than Kentucky’s. Workers in California...  [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 • 252 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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    Default Deja Vu

    Nov 2, 11 • 227 Views • No Comments

    Between its independence in 1829 and 2006, Greece has had 5 defaults or debt reschedulings that occupied a total of 50.6 years.  Described by Rogoff and Reinhart in their 2008 paper and book, This Time It’s Different, few nations break out of a...  [read more]

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    Euro Deal Primer

    Oct 28, 11 • 278 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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    Greece and Argentina

    Oct 25, 11 • 282 Views • No Comments

    Nobody wants Greece to become Argentina. It all began with what scholars Rogoff and Reinhart called the lending boom of the 1990s. Enjoying the influx of dollars, Argentina borrowed and grew and prospered…for awhile.  But when recession hit at the end...  [read more]