Special Report on
Sovereign Debt Restructuring
Sovereign Debt Restructuring - Trends
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The markets got a big boost Monday after the ECB committed $1 trillion to bail out Europe. We know that this won’t just eliminate the massive debt of countries such as Greece, but it does give confidence that the European Union’s troubles won’t drag down the global economy. If that turns out to be the case, sovereign debt exchange traded funds (ETFs) may be in for a treat. According to Christopher Werth of Marketplace , the big question over the European Union’s bailout package was whether the ECB would begin buying sovereign debt in an attempt to infuse liquidity into failing countries. Doing so would instill a measure of ...
A country of ruins? After all the budgetary cuts and accompanying protests, serious doubts remain about whether Greece will ever honour fully its debts. Photograph: Reuters There are serious reasons to doubt whether Greece will be able to repay its debt entirely, even if it implements the large and protracted budgetary adjustment now on the table, and regains competitiveness. Other eurozone countries face similar difficulties, even if for now they are less acute. The issue has a strong EU-wide dimension: public debt is largely held by residents of other member states. So how should the ... Read More
SURVEY RESULTS FOR
SOVEREIGN DEBT RESTRUCTURING
Greece sovereign debt = bumpy 2010: Mohamed El-Erian - "cyclical fantasies ...
04/12/10-1 Larry Katz on The BullBear Market Report ( ...