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Tag: Greece

Greece: The Way Out

  QUESTION: Marty, I lived in Greece for 3 years while in the US Air Force. I fell in LOVE with the country, the people and the food!   I want nothing but the...

IMF Has Been Training Journalists to Support IMF and Troika in Greece

Greece’s former representative to the IMF, Panagiotis Roumeliotis, testified in front of the special parliamentary committee concerning the outstanding Greek...

Monday’s EU Summit & Troika’s Misguided View of Greece

The summit held Monday of the new superheroes, known as the Euro-Rescuers, are lost in the canyons of their own minds for they do not comprehend how the economy...

Mario Draghi Backs Down on Greece

We are really plagued by people in government who are totally clueless on how markets trade. They have been arrogant in assuming they do not need Greece and if they...

Greece 2017 – Sovereign Debt Cycle

There is the old saying “Beware of Greeks bearing gifts” refers to the story of the Trojan Horse. Yet in Eastern Europe, because of the defaults of the...

Greece – a Reversal of Fortune on the Horizon?

Greece and its creditors stuck to their positions on Monday after the collapse of talks aimed at preventing a default and possible euro exit, while Germany’s...

Market Talk

Interesting day all around… European bonds are weaker from the opening rumors of unwinding the yen carry trade as a result of the stronger JPY (on Abe’s...

Debt Deals & Grexit

It is all show. Now, Merkel desperately wants to bring a signed bailout deal with Greece to secure the euro. Greece managed to raise nearly €3 billion at its debt...

EU Looking at Consolidating All Member Debt – Is It Too Late?

The European Union (EU) is now looking at consolidating all member debt, which is what they should have done from the start. The question remains – Is it too late...

The Greek Nightmare

QUESTION: Marty, With the default of Greece and their exit from the Euro, what is likely to happen to the debt and what rate would you expect the drachma to be...