May 28 2012

Greece debt to GDP ratio 200 percent – the crisis is of solvency and not liquidity.

The crisis in Greece is a bigger deal than one would expect because outside bets from financial institutions are hedged on the notion that Greece can service its debts.  Yet that belief is being thrown on its head because of the massive amount of debt in Greece compared to their GDP.  As things stand today […]

May 8 2012

Greek stock market goes back to 1992 and hits two lost decades. Over a 90 percent drop from peak.

The Greek stock market has taken a beating recently but to what extent might surprise you.  From recent highs, the Greek stock market is now down 90 percent.  That is correct.  The stock markets has fallen by a whopping 90 percent from recent highs.  This just goes to show you how quickly things can change […]

May 5 2010

Greece economy coming unglued because of bailouts and massive amounts of debt. Greece tax evasion and big bailout.

The Greek economy has been under fire in recent months.  The current rioting and outrage is due to the austerity measures being proposed by the IMF and also European countries particularly Germany.  Now many members within the Euro object to the bailouts and the IMF, which is largely funded by the U.S. is now part […]

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