Today: GREECE News, Jul 07, 2011

Jul 7, 2011

GREECE News, Jul 07, 2011

Lies, Con Games and Greek Structured Finance: Jonathan Weil
Bloomberg
The spark that accelerated Greece's debt crisis early last year was the revelation that Greek authorities had used some fancy derivative trades a decade ago to mask the true size of the country's debt. Today it's Greece's creditors who are dreaming up ...
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Greece got in the way of Freedom Flotilla
The Voice of Russia
The boats are blocked in Greece ports today, and actually it started last week and they are still blocked in different ports of Greece. Only one boat is now sailing in international waters, it is a French boat, and the others are still waiting the ...
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The Voice of Russia

Greek Default Not 'Worst' Outcome for Banks as Bondholders Discuss Options
Bloomberg
In May 2010, it took the unprecedented decision to start buying the bonds of distressed nations in an effort to calm markets as Greece's fiscal woes began to infect other euro-area members. Investors are betting that Trichet will maintain efforts to ...
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Fed Adviser Prescott Says 'Partial' Default Likely for Greece
San Francisco Chronicle
... State University in Tempe, said in a Bloomberg Television interview in Brussels today. Greeceshould remain in the euro area, "and I think they probably will," he said. "States in the United States that behave like Greece stay in the United States. ...
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Warning signs installed on curvy Greece road after 4 crashes
Rochester Democrat and Chronicle
GREECE — New warning signs are were installed today along a curvy stretch of Stone Road where at least four crashes occurred during the past year and a half. In two of the crashes — both attributed to drunken driving — motorists left the roadway and ...
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Schaeuble Says German Industry Poised to Assist Greece
San Francisco Chronicle
... sector and only with private investment can Greece achieve a balanced budget in the longer and middle term," the German Finance Ministry said in a statement after Schaeuble met with his Greek counterpart, Evangelos Venizelos, today in Berlin. ...
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Trichet Fights War on Two Fronts as Second ECB Rate Increase of 2011 Looms
Bloomberg
The Bank of England will keep its key rate at 0.5 percent today, according to a separate survey. European finance ministers earlier this month authorized an 8.7 billion-euro ($12 billion) loan payout to Greece in an attempt to avert the region's first ...
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US Stocks Advance as Euro Weakens
Bloomberg
... talks with Bloomberg's James Neuger about the outlook for a "partial" default for Greece. They spoke today in Brussels. (Source: Bloomberg) July 6 (Bloomberg) -- Carl Weinberg, chief economist at High Frequency Economics Ltd., discusses the tasks ...
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Fun things to do in the Rochester area
Rochester Democrat and Chronicle
The downtown public library will offer a free showing of 'The Lion King' today. / Sotheby's/The Associated Press Visit Liberty the bald eagle today in Greece. / Shawn Dowd/File photo 2008 Rubblebucket will perform at the East End Festival. ...
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The Debt Ceiling Is a National Disgrace
The Atlantic
Thanks to the Federal Reserve's appetite for debt and foreign investors' so-called "flight to safety," it is easier for the United States to borrow today than it was in 2006 or 2007. For Greece, it's four times harder. And yet we might actually default ...
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