Greece

Fight Among Greek Creditors Over "Explosive" Debt Sends Greek Bond Yields Soaring

Greek 2Y bond yields soared, approaching 10% for the first time since September 2016, as an increasingly bitter fight between the nation’s creditors over its fiscal targets raised concerns it is running out of time to complete yet another review of its bailout program, and even sparked concerns a 4th Greek bailout may be in the offing.

With The Greek Crisis Back, There Are Five Possible Scenarios From Here

Greek yields have surged in the past week as the country didn’t secure a positive review at the Eurogroup on 26 January. Additional noise came from indications that the IMF still views the Greek debt as unsustainable without further measures from the Greek government. In short, the crisis is back. There are five possible scenarios from here.

'Unrest' Is The Only Growth Industry Left

As for the political field, unrest will continue and grow because the end of economic growth means the end of centralization, and our entire world, politically, economically, what have you, is based on these two things. Today, unrest is the only growth industry left. And it’s not going away anytime soon. It’s a new day, a new dawn, it’s just that unfortunately this is not going to be a pretty one.

Welcome To The "Social Justice" University

"For progressives, the social justice movement is progress on the move; to others, it seems increasingly a movement of intolerant authoritarianism. Its main victim, so far, is the idea of the open-minded, inquiring, liberal university."

Futures Fall On Rising Trump Uncertainty; Europe Stocks Rise As Euro-Area Inflation Surges

European bonds fell and stocks rose led by banks and retailers as surging inflation data prompted investors to switch into reflationary assets even as speculation about ECB tapering has returned. Asian stocks and US equity futures declined. The Yen and gold advanced after Trump’s firing of the U.S. acting attorney general added to concern over the unpredictability of decisions in the new administration.

Another Greek WTF Showdown Moment Explained

The IMF has once again threatened to pull out of the Troika following a warning that Eurogroup loan measures are not enough for Greek debt. This is one of those WTF moments where statements from Greece, from the IMF, and also the Eurozone make no apparent sense.

GoldCore's picture

the common currency and the Eurozone itself will not survive the financial and political turmoil already besetting the European monetary union and set to deepen in the coming months and years.