Tag: interview

Greece Will Default in May Without Another Bailout or Change in Terms
January 18, 2014 0

Greece Will Default in May Without Another Bailout or Change in Terms

By News Desk

Greece Will Default in May Without Another Bailout or Change in Terms Cash flow analysis shows Greece is in serious trouble again in spite of having a current account surplus. Specifically, Greece needs a change in payback terms or another bailout or it will default in August, if not May. I use the words "will default" imprecisely.

Delinquencies and Defaults in Spain Hit 13%, a 50-Year Record
January 18, 2014 0

Delinquencies and Defaults in Spain Hit 13%, a 50-Year Record

By News Desk

Via translation from La Vanguardia, please consider Bank Defaults Hit Record 13% in November . Delinquency ratio of banks, savings banks, cooperatives and credit institutions operating in Spain rose again in November to 13.08%, a level not seen since the data began to be collected, over 50 years

Obama’s Message On NSA Translated
January 17, 2014 0

Obama’s Message On NSA Translated

By News Desk

Earlier today, President Obama gave a long-awaited and long-winded speech on the NSA. The Washington Post has the transcript . Here are my thoughts: Obama says we need more "balance" between security and liberty.

Greece Industrial Production Declines 5th Consecutive Month, Unemployment New High of 27.8%; How Long Can Greek Coalition Last?
January 10, 2014 0

Greece Industrial Production Declines 5th Consecutive Month, Unemployment New High of 27.8%; How Long Can Greek Coalition Last?

By News Desk

Those expecting an uptick in Greek GDP received some sobering news this past week. Macropolis reports Unemployment hit new high of 27.8 pct in October, set to rise further . According to the Hellenic Statistical Agency (ELSTAT), the seasonally adjusted jobless rate in October stood at 27.8 percent from an upwards revised 27.7 percent in the month of September