Posts Tagged ‘sovereign debt’

  • The US is again hitting its debt ceiling.

    Some Greek Math

    Aug 24, 12 • 344 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]

  • Three awards

    A Euro Zone Olympic team?

    Jul 13, 12 • 301 Views • No Comments

    Sharing a larger and more varied pool of European talent was supposed to create an economic synergy. Starting with the European Coal and Steel Community in 1951, the first step was free trade. Nations were added, trade barriers disappeared, and by 2002, they...  [read more]

  • Economic Independence Day

    Jul 4, 12 • 303 Views • No Comments

    Alexander Hamilton must have been worried. In 1790, as Secretary of the Treasury, a troubled economy had become his responsibility. He had a huge federal debt to fund, a banking sector that was distressed, and an economy to stimulate. Sound familiar? Hamilton...  [read more]

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    Aging Benefits

    Apr 26, 12 • 399 Views • No Comments

    When you combine better health care with generous pensions you get (choose one): happy retirees happy politicians insufficiently funded national pension programs the eurozone the United States other   To select an answer let’s begin with 1935. Just...  [read more]

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    Default Deja Vu

    Nov 2, 11 • 297 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]