zerohedge.com / by Tyler Durden / 02/03/2015 10:30
Amid all the headline hockey and confirmation biases of every utterance by Varoufakis, the only important thing is the following 2 charts… how much pain… and when!!
As Goldman previously warned,
It will be politics rather than economics that drives the shorter-term outlook in Greece.Our base […]
trueeconomics.blogspot.com / by Constantin Gurdgiev / January 27, 2015
There is an interesting sense of dramatic contradictions emerging when one considers on the one hand the outcome of the Greek elections, and on the other hand the statements from some EU finance ministers (for example see this: http://www.bloomberg.com/news/2015-01-27/schaeuble-says-greece-needs-no-debt-cut-due-to-no-interest-phase.html). The basic contradiction is that one set […]
globaleconomicanalysis.blogspot.com / by Mike “Mish” Shedlock / November 24, 2013 4:53 PM
Greece’s “Meaningless” Debt
The Debt-to-GDP ratio in Greece is now at 175% and rising. Recall Troika statements said anything over 120% was unsustainable.
Yet each quarter debt and debt service ratios rise. Now, a new argument has arisen: Greece does […]