Tag: Eurozone Debt Crisis

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Austerity VS Growth

So the results have rolled in, and it looks like it’s going to be an awkward one. In France, Socialism has prevailed. Bye bye Sarkozy and his singing wife and the high society drama. Hello François and his civil-partner-that-he-won’t-marry and the anti-austerity rhetoric.  So what’s different? Sarkozy was all about the Merkozy. He advocated austerity, […]

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Greek CDS Exposure: Proving the ISDA and Bloomberg Wrong

According to numerous news reports, the net exposure arising as a result of Friday’s decision to declare the activation of Greek CACs a credit-default event amounts to approximately $3.16 billion (assuming that the bonds achieve no value at the ISDA auction on March 19). Where is the data coming from? On the same day that […]

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Leaving the Euro: Such a Cost

All of them.

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Contagion. And Why Greece is Contagious

Austerity and debt monetisation

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Why the Greeks are in Crisis

The world is filled with concern. Every time I turn on Sky News, a Greek Debt negotiation is stalling. And frankly, no one should be that surprised. Having grown up in a Greek community, I can empirically say that the Hellenes are a fan of two things: Their right to voice their opinion; Their right […]

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Credit-Default Swaps: the real issue with the Greek Debt Crisis

Recently, the Universe smiled at me. I walked into a small second-hand bookstore, and found a signed, annotated, mint condition, first edition copy of Nelson Mandela’s autobiography “Long Walk to Freedom”. I rushed off to change the limit on my bank-card, and half an hour later, it was mine. And really, I cannot deny that […]

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