The Greek Contagion - Numbers and Charts
Greece’s Debt Due: What Greece Owes When
Greece says deal on debt crisis unlikely at Thursday talks
Excerpt:
The Bank of Greece also warned that the country's economic slowdown would accelerate without a deal. "Failure to reach an agreement would... mark the beginning of a painful course that would lead initially to a Greek default and ultimately to the country's exit from the euro area and, most likely, from the European Union," it said in a report. The bank added that about €30bn was withdrawn from Greek bank deposits between October and April.Comments: The first link, from the WSJ, has the numbers and charts. Image source. Observations:
- This has been a slow moving train wreck for a number of years
- Likely to come to a head
- One wonders how much more can be squeezed out of Greece.
- My view is that GREXIT should and will happen - for the sake of the integrity of the EURO.
- The geo-political risk is that Greece will run into the arms of Putin. And that would have impact to NATO.
Rhetoric ramped up as negotiations struggle
ReplyDeleteQuite a bulge in obligatory payments this year. I wonder who the idiot was who set things up that way? Presumably the current guy's predecessors.....mostly nice interest rates, though.
ReplyDeleteRussia willing to consider loans for Greece
ReplyDeleteGreece Stares Into Unknown as Tsipras Insists a Deal Can Be Done
ReplyDelete