Posts Tagged ‘sovereign debt’

  • Celebrating Economic Independence

    Jul 4, 11 • 216 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 manufacturing to stimulate. Sound familiar?...  [read more]

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    A New Drachma?

    Jun 23, 11 • 244 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]

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    Euro-Zone Rates

    Jun 17, 11 • 248 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]

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    Debt Deja Vu

    Jun 9, 11 • 238 Views • No Comments

    Again, Greek debt was in the news. This time, though, the focus was other defaults. For as long as nations have existed, they have borrowed money and then been unable to repay it. The first report of Greece defaulting on her debt was during the fourth century...  [read more]

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    Helpful Acronyms

    May 30, 11 • 228 Views • No Comments

    Reading about the potential contagion of Greece’s debt problems, I discovered STUPID in Schott’s Vocab, a NY Times blog about words and phrases. Schott quoted Reuters Breakingviews, “The new acronym on trading floors for possible dominoes if...  [read more]