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Special Report on

Greece and the PIIGS

greece and the piigs special research report Photo by
The EU debt crisis remains the overwhelmingly big story--Greek bond fiasco may signal that the PIIGS are already beyond help. Still no concrete plan from the EU, as Northern European leaders are reluctant to commit political suicide, with their voters in no mood to pay for Greek mismanagement, lying, corruption, and tax dodging. Greece is virtually certain to default within a month without help. The alternative to a bailout may be worse. However, it may also be unavoidable anyway. Even if Greece could be bailed out for now, could Italy and Spain, with their much larger debt loads? Once one of the PIIGS block defaults, the others ...
From the 16th century to 1974, Portugal's economic interests were transcontinental, with a wide range of territories and natural resources. In 1822 Portugal lost its main colony, Brazil. Portuguese African territorial claims got challenged during the " Scramble for Africa ". Political chaos and economic problems endured from the last years of the monarchy to the first Republic of 1910–1926 , which led to the installing of a National Dictatorship in 1926. While its Finance Minister , Salazar , managed to discipline the Portuguese economy, it evolved into a single party corporative regime in 1933 - the Estado Novo . ...
Greece as a Demonstration Project | Dollars & Sense
There has been an avalanche of coverage on Greece’s economic situation in the past few months. Most of the coverage rightly attempts to diagnose the underlying problems ofGreece’s government deficit and national debt, and how they might affect the value of the euro and the integrity of the eurozone. But, as anyone who has followed this story knows, Greece is not alone in this precarious situation. It is lumped into a group of EU countries that have been labeled the “PIIGS”—Portugal, Ireland, Italy, Greece, and Spain. Additionally, it is known that some of the other countries in this group have worse ... market research, surveys and trends
Coming Week Market Drivers May 10th-14th: EU Crashing Markets and ...
Barring major EU steps to ease liquidity and concerns about risks to European banks from a lack of interbank lending (on uncertainty about which banks are overexposed to a Greek or other PIIGS block bond default), more downside is ahead. At best markets might manage to stabilize in the near term. If not, we expect more downside this week, and in any case see March 2009 lows as a likely target in the coming months until credit markets show signs of stability. That means USD, JPY denominated AAA bonds and cash remain the safest near term bets. If the EU does manage serious new QE steps to prevent bank failures in the wake of ... market research, surveys and trends


PIIGS « Finance Blog
Regarding debt troubles of the PIIGs, Walker says “those situations exist here. We’re not where they are today, but we’re on the path towards moving towards where they are” (4:30). He says “We’re on a sustainable path and have to do something within the next two years ” (9:20). Join the conversation about this story » Dr. Doom is on CNBC talking to Maria Bartiromo talking risks, Europe, the PIIGS, and double dips. Maria cited a recent panel where he called for a 20% decline in US equities over the coming months. He’s calling on governments to cut spending and raising taxes, ... industry trends, business articles and survey research
Welfare State's Death Spiral | Questions and Observations
is the death spiral of the welfare state. This isn’t Greece’s problem alone, and that’s why its crisis has rattled global stock markets and threatens economic recovery. Virtually every advanced nation, including the United States , faces the same prospect. Aging populations have been promised huge health and retirement benefits, which countries haven’t fully covered with taxes. The reckoning has arrived in Greece, but it awaits most wealthy societies. In fact, it is more basic than that. The welfare state’s death spiral is this: Almost anything governments might do with their budgets threatens ... industry trends, business articles and survey research
Echoes of 2008? Beware the Ides of August
markets have become more and more correlated and are being driven by changes in aggregate liquidity, which is increasingly a function of the price of the dollar. And the dollar, as we see in the chart below, is increasingly becoming a function of sovereign concerns in Europe. Here's the average spread of the 2-year government yield for the PIIGS countries (minus Greece -- Greece is already being priced for some sort of restructuring) to Germany, along with the DXY index. How does this relate to 2008? In 2008, all markets became a liquidity trade as well. Starting around the time of the Bear Stearns crisis through the end of ... market trends, news research and surveys resources
The Euro Crisis and the Coming Euro Collapse Act II- Time to Check How ...
With Germany having such a different economy than the PIIGS (Portugal, Ireland, Italy, Greece, and Spain) the weaker economies of the Euro region had a choice- to leave the Euro or to suffer massive deflation (since prices were too high and devaluation impossible due to the fact that they didn’t have control on the currency). Massive deflation meant budget deficits north of 10% of GDP and with no monetization possible the sovereign debt market of the PIIGS started to collapse. Some countries tried to cut the budget, which brought severe civil unrest while the economy continued to deteriorate. Others refused to physically reform ... market trends, news research and surveys resources


Canadian Structured Finance Newsletter - MAVS AND PIIGS ...
Jan 21, 2009 ... levels throughout the European Union, particularly in the so-called PIIGS countries (Portugal, Italy, Ireland,. Greece and Spain) ... technology research, surveys study and trend statistics
Salmonella isolations in abattoirs in Greece
was as follows: 1900 pigs, 3800 cattle, 30000 sheep, and 300 goats. All the cattle, pigs and goats were raised in various parts of Greece, while the great ... technology research, surveys study and trend statistics
Dnevnik - NYU Stern
Greek financial saga is only the tip of the iceberg of the problem of sustainability of public debt in many developed economies, not just the group PIIGS (Portugal, Italy, Ireland, Greece and Spain). OECD estimated that the ratio of debt to GDP in developed economies will grow to an average 100%. Recently, the IMF made within the same otsenki.V PIIGS problems are not only excessive deficits and debt to GDP ratio (a variable degree and in those five countries). There are also problems with the current account deficit and the loss of competitiveness, because any growth is anemichen.Tezi economies for years are losing market share ...
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Will the PIIGS survive? | LinkedIn Answers | LinkedIn
Some time ago, the PIIGS seemed poised to destroy the Euro and the existence of the European Union. Those fears have dissipated after a trillion euros committed by the Central Bank to plug all the leaks. Will that be enough? Will the austerity measures have the undesired short-term consequence of economic stagnation by reducing capital from the markets? In summary, is Europe in worse of better shape than the US, and thus will the Euro-Dollar ratio move up or down by year's end? Is it safer to buy gold at this lofty levels? posted 1 month ago in Currency Markets | Closed Share This PGDip, PMP, MBCS, CITP, CSM, CSP, MCMI. ...
Is it a coincidence that mostly the non-Protestant countries are ...
I heard some analyst refer to those countries as PIIGS (Portugal, Italy, Ireland, Greece and Spain). I guess their economies are affecting the EU/Euro. Not a very nice acronym. I know Germany and France also have decent sized Catholic populations, but is there such a divide, economically, in Europe? I don't think so. It's a dog-eat-dog world. You can't be too nice and compassionate or your opponents will eat you up and spit you out. Everything is like that in the world. It's all about competing, and there's a lot of prejudice and bias if you don't "fit in" to whatever ...