Commodity Trade Mantra

Posts Tagged ‘Austerity’

How a Default by Greece May Sill Unravel the EU

Greece is actually in the driver’s seat. Historical evidence shows that once a country reaches such a situation it is likely to default within the next 2 years. Quotation: “If you owe the bank thousands, then you have a problem. If you owe the bank millions, then the bank has a problem.” In the current situation, it is the EU that has a problem.

Greece Recovery? 60% Of Greeks Live At Or Below Poverty Levels

A report from Greece’s State Budget Office found that three in every five Greeks, or some 6.3 million people, were living in poverty or under the threat of poverty in 2013 due to material deprivation and unemployment. Greece also ranks fourth among EU states in poverty disparity, after Spain, Romania and Bulgaria.

Deflation In Europe Is Just Beginning... And How To Trade It

Disinflation is just about to turn into outright Deflation in Europe. The ECB is active but most likely already late in the game, behind the curve, and unable to prevent deflation from kicking in. There are important consequences for rates and spreads in Europe, together with the level of the EUR itself.

Debt, Austerity, Devastation: Now it’s Europe’s Turn

Like plague in the 14th century, the scourge of debt has migrated from South to North – No doubt fewer debt-related deaths in Europe today than in Africa 3 decades ago, but more permanent harm done to once-thriving European economies

The Death of Austerity

Last week the International Monetary Fund (“IMF”) reduced its global growth forecast and reiterated its call for some European countries […]

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