Special Report on
PIIGS Debt Coming Due
PIIGS Debt Coming Due - Trends
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Barone currently serves on AAA’s Finance and Investment Committee, which oversees $5 billion of investable assets. This column was originally posted on AncoraWest's Market Insights . The markets are in turmoil because of worry about the so-called PIIGS (Portugal, Ireland, Italy, Greece, and Spain) debts. In Fiscal Crises: The Next Shoe , I opined that Greece is just the canary in the coal mine and that when we look homeward, we have our own huge debt issues, which aren't significantly different from those of the PIIGS countries. I believe that the only reason the European contagion hasn't yet spread to ...
This union defied the odds. It cleaned up its messes. Union leaders stopped members from leaving, and played referee as member states argued over how to run their economies. Eventually, this union built the largest economy and political entity in the world. Investors not only respected this union — they suddenly wanted to hold this union’s currency. …Well, until recently. I’m sorry to say, this union is starting to crumble. Now each member state is in more disarray than the last . We are seeing budget deficits, protests in the street, and debt-infested governments that all need to ... Read More
SURVEY RESULTS FOR
PIIGS DEBT COMING DUE
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