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4 posts tagged with "Credit Default Swaps"
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…
(December 11, 2009) – Greece's prime minister,
George Papandreou, told reporters in Brussels on Friday that European Central
Bank President Jean-Claude Trichet and Luxembourg Prime Minister Jean-Claude
Juncker see "no possibility" of a Greek default, Bloomberg News
reported....
Angela
Merkel is leading the call for a rule change, a rewiring of the basic treaty
that binds the EU. But is it both too much and too late? The market action
suggests that time is indeed running out, and so we’ll look at the likely
consequences. Then I glance over the other way and...
Where is the
peace dividend that was supposed to come after the end of the Cold War? Where
are the fruits of the amazing gains in efficiency that technology has afforded?
It has been eaten by the bureaucracy that manages our every move on this earth.
The voracious and insatiable monster here is...
This
week we look at data from the Bank of International Settlements, by which (if
someone does a lot of work) you can figure out how much US banks have written
in credit default swaps to banks in Europe on Greek, Irish, and Portuguese
debt. The details should not make you happy. I...
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