Global News Journal

from MacroScope:

Greek debt – remember the goats

March 9, 2012

Greece's creditors have essentially let it off the hook by overwhelmingly agreeing to take a 74 percent loss.  So what better time to  remember  one of the first times Athens got in trouble with paying its debts.

Managing in a crisis, EU style

May 11, 2010

EU cube

 

Never let it be said that the European Union doesn’t get things done.

It may have a slightly maddening way of going about it — last-minute, late-night summits, hours and hours of sweaty, closed-door negotiation, multiple conflicting plans put forward by the likes of the Finns, the Italians and, who knows, the Estonians – and then, hey presto, like the proverbial rabbit out of a hat, at 2 in the morning, a $1 trillion deal to haul the world back from the debt-crisis abyss. All in the name of European unity.

Greece gets help, but debt quicksand is all around

April 23, 2010

After five months of struggling to stay afloat in the quicksand of a debt crisis, Greece has finally asked the European Union and the IMF to throw it a lifeline

If Greece’s debt dam breaks, who gets wet?

April 13, 2010

The 16 countries that share the euro single currency have agreed they will help Greece out if it needs. So far so good. But only now is the nitty-gritty of how member states will go about paying for their contributions being hammered out. And suddenly things are getting a little complicated.

from DealZone:

Haider’s heirs disown troubled Hypo bank

November 20, 2009

When the late Joerg Haider, the hard-right populist governor of the southern Austrian state of Carinthia, sold most of his government's stake in Hypo Group Alpe Adria in 2007, he said, beaming: "Ladies and Gentlemen, Carinthia is rich."