Tag Archives: Greece

Greece Capitulates to Reality

The temporary “compromise” found between the European Union (EU) and Greece is nothing short of a full capitulation by Athens to economic realities, at least for the time being. On the surface, the can has been kicked down the road for four more months. But it is notable that none of the requests advanced by [...]

A Tale of Two Countries

Developments in the separate crises in Ukraine and Greece are likely to offer some upside lift to financial markets, at least in the short term. My thoughts: • The ceasefire in Eastern Ukraine is a clear positive for financial markets and reduces concerns about geostrategic and military risks

Europe: QE and Greece in the Balance

This is a crucial week. On Thursday, we expect the European Central Bank (ECB) to announce the much anticipated plan for asset purchases, aka quantitative easing. On Sunday, Greece will vote for a new parliament, where anti-European forces may win