Category Archives: PIIGS

Images from Greece’s crucial election – Reuters

(click here if video is not observable)

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Samaras Wins Greek Election

As we expected the Greeks rejected the Armageddon they so feared.  Now for the hard part.   Structural problems remain. Markets like it and many caught offside.    Is that a inverted head and shoulder pattern in the S&P500? (click here if … Continue reading

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Statfor: George Friedman on Europe’s New Reality

We are realizing the interests of Greece, the interest of Spain, the interest of Germany are not quite aligned… Can Europe escape its own history? (click here if video is not observable)

Posted in Black Swan Watch, Economics, Euro, PIIGS | Tagged , | 3 Comments

Central banks brace for stormy weekend

(click here if video is not observable)

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Greek Logic

Here’s a political and economic paradox.:   If the Greeks are pulling their money out of banks en masse, buying durables, and hording food to prepare for Armageddon,  will they actually vote for the Armageddon they are so panicked about? We … Continue reading

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Greek Withdrawl – 800 M euros per day

(click here if video is not observable)

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Italy Fears Pain From Spain

(click here if video is not observable)

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EU officials discuss options should Greece exit euro

(click here if video is not observable)

Posted in Black Swan Watch, Euro, Eurozone Sovereign Spreads, PIIGS | Tagged , , | 1 Comment

Hollande Supports EU Banking Union

But is he willing to cede some of France’s sovereignty?  This is the political issue haunting the European street and holding back the Germans. (click here if video is not observable)

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Quote of the Day: EU Policymakers on Hopium

The primary strategy being pursued to prevent a further worsening of the situation is that of hope. And it is a strategy also being applied to the danger of further contagion. Greece, Ireland, Portugal, Spain: So far, European leaders have … Continue reading

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