Journalist @baltimoresun writer artist runner #amwriting Chaplain PIO #partylikeajournalist

Journalist @baltimoresun writer artist runner #amwriting Chaplain PIO #partylikeajournalist
Journalist @baltimoresun writer artist runner #amwriting Md Troopers Assoc #20 & Westminster Md Fire Dept Chaplain PIO #partylikeajournalist
Showing posts with label Bus Econ sovereign debt. Show all posts
Showing posts with label Bus Econ sovereign debt. Show all posts

Wednesday, January 30, 2013

Big fat Greek surprises January 30, 2013 by Kevin Dayhoff http://tinyurl.com/bf877cf


Big fat Greek surprises January 30, 2013 by Kevin Dayhoff http://tinyurl.com/bf877cf


Kevin E. Dayhoff http://twitpic.com/bzmojj

In spite of the profoundly dulled senses that come as a result of a day of international travel, Greece takes hold of you the very moment you arrive at the Eleftherios Venizelos International Airport.

The airport, just about 20 kilometers above the sprawling megalopolis of Athens, opened on March 29, 2001, and it is named for a freedom fighter, revolutionary, statesman and charismatic leader from the early 1900s, who died in 1936...

I had the honor of visiting a monument in his honor near his hometown in Therisos gorge near Chania in Crete on January 7, and his gravesite memorial in Akrotiri, which is also near Chania, the next day.

This was my first trip to Greece… I traveled to Greece with a group of McDaniel College students and faculty members. It was more of an academic experience as opposed to a vacation, if you will.

Nevertheless, this article and several more that I researched and pre-wrote while in Greece should not be considered reporting – or the profile of a country – but rather a collection of thoughts and vignettes that lie more in the tradition of a travelogue.

After a few days in Greece, one is struck with a number of surprising observations; nothing profound – some amusing and some mundane. However, there were quite a few things about Greece that I did not expect… http://www.thetentacle.com/ShowArticle.cfm?mydocid=5594

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20121213 Articles on the eurozone crisis, sovereign debt crisis, Argentina, Italy, - and Greece in particular: http://kevindayhoff.blogspot.com/2012/12/articles-on-eurozone-crisis-sovereign.html

Άρθρα σχετικά με την κρίση στην ευρωζώνη, κρίση δημόσιου χρέους, την Αργεντινή, την Ιταλία, - και ειδικότερα την Ελλάδα - Articles on the eurozone crisis, sovereign debt crisis, Argentina, Italy, - and Greece in particular: http://kevindayhoff.blogspot.com/search/label/Bus%20Econ%20eurozone on www.kevindayhoff.net Kevin Dayhoff – Soundtrack

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20121213 Articles on the eurozone crisis, sovereign debt crisis, Argentina, Italy, - and Greece in particular: http://kevindayhoff.blogspot.com/2012/12/articles-on-eurozone-crisis-sovereign.html


20121202 Rick Steves: June 11, 2012 “Greece in Economic Crisis and Your Travel Dreams” Retrieved December 2, 2012 http://kevindayhoff.blogspot.com/2012/12/rick-steves-greece-in-economic-crisis.html


20111022 Eurozone Crisis: The Economist: Argentina’s debt default Gauchos and gadflies http://kevindayhoff.blogspot.com/2012/02/economist-argentinas-debt-default.html

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www.kevindayhoff.net Kevin Dayhoff – Soundtrack

Eurozone Crisis - Bus Econ eurozone



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Why Greece Matters by Kevin E. Dayhoff December 5, 2012 TheTentacle.com http://tinyurl.com/dxxwya5  http://twitpic.com/bkykwk



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December 12, 2012 The Ghost of Berlusconi Rises Again Kevin E. Dayhoff
While Greece wraps up a six-month effort to secure a new bailout payment, and Washington continues to fail to understand the seriousness of its fiscal responsibilities, the world’s financial markets wobbled earlier in the week when it saw the ghost of Italy’s former Prime Minister Silvio Berlusconi. http://www.thetentacle.com/ShowArticle.cfm?mydocid=5512

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Athens, Greece, January 12 – Demonstrators once again took to the streets in central Athens Saturday afternoon, in another of a long series of strikes, demonstrations and acts of civil disobedience that have rocked Greece since a worldwide economic downturn officially got underway in December 2007.

It was four years ago – in 2009 – that Greece kicked-off the year by announcing its budget deficit would be 12.9% of GDP, more than four times the European Union's 3% limit. Greece was first admitted into the EU in 1981, and in 2001 it joined the Eurozone… http://www.thetentacle.com/ShowArticle.cfm?mydocid=5566

[…]




Various recent news accounts indicate that unemployment approaches 25 percent in Greece. Pensions have been reduced and salaries slashed anywhere from 30 to 60 percent.

Meanwhile last Saturday began with signs posted in the Metro that read: “Notice to Passengers. On Saturday 12/1/13, stations, Penepistimio, Syntagma, will remain closed from 10:00 for safety reason…”


Since 2010, Syntagma Square has served as a barometer for rising civil discontent over Greece’s ever-worsening economic crisis. In the past it has been the most popular locale for mass protests and tent-city like occupations, some of which have turned unexpectedly violent in which police have responded en masse with batons, shields and tear gas...

On Saturday, I witnessed more than 5,000 or 6,000 demonstrators marching past the National Archaeological Museum, in a dense, well-organized and loud processional that chanted a Greek chorus of anti-government slogans in a carefully choreographed cat-and-mouse theatrical routine with a full accompaniment of motorcycle police and a phalanx of paramilitary shock riot-police.

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Kevin Dayhoff is an artist - and a columnist for:

Twitter: https://twitter.com/kevindayhoffTwitpic: http://twitpic.com/photos/kevindayhoff
Kevin Dayhoff's The New Bedford Herald: http://kbetrue.livejournal.com/ = www.newbedfordherald.net

Tumblr: Kevin Dayhoff Banana Stems www.kevindayhoff.tumblr.com/
Smurfs: http://babylonfluckjudd.blogspot.com/
Google profile: https://profiles.google.com/kevindayhoff/

E-mail: kevindayhoff(at)gmail.com
My http://www.explorecarroll.com/ columns appear in the copy of the Baltimore Sunday Sun that is distributed in Carroll County: https://subscribe.baltsun.com/Circulation/
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Saturday, January 19, 2013

McDaniel College: Finding clues to ancient Greek culture in its material remains





INFORMATION | HEADLINES | NEWS @ MCDANIEL

For many more pictures go here: View this album in a larger format here

January 14, 2013


As they explore the history and culture of ancient Greece through its material remains with Classics professor Tom Falkner, the travelers in the Jan Term study tour “McDaniel in Greece: Myths, Monks, and Monuments” have encountered surprises – moments that have enriched their 18-day sojourn abroad.

Caroline Babylon ’76, one of eight adults and 14 students on the trip, sends back a photo a day. On day three, she shared a story with her photo of a village priest…


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Related see also:


20121213 Articles on the eurozone crisis, sovereign debt crisis, Argentina, Italy, - and Greece in particular: http://kevindayhoff.blogspot.com/2012/12/articles-on-eurozone-crisis-sovereign.html

Άρθρα σχετικά με την κρίση στην ευρωζώνη, κρίση δημόσιου χρέους, την Αργεντινή, την Ιταλία, - και ειδικότερα την Ελλάδα - Articles on the eurozone crisis, sovereign debt crisis, Argentina, Italy, - and Greece in particular: http://kevindayhoff.blogspot.com/search/label/Bus%20Econ%20eurozone on www.kevindayhoff.net Kevin Dayhoff – Soundtrack

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20121213 Articles on the eurozone crisis, sovereign debt crisis, Argentina, Italy, - and Greece in particular: http://kevindayhoff.blogspot.com/2012/12/articles-on-eurozone-crisis-sovereign.html


20121202 Rick Steves: June 11, 2012 “Greece in Economic Crisis and Your Travel Dreams” Retrieved December 2, 2012 http://kevindayhoff.blogspot.com/2012/12/rick-steves-greece-in-economic-crisis.html


20111022 Eurozone Crisis: The Economist: Argentina’s debt default Gauchos and gadflies http://kevindayhoff.blogspot.com/2012/02/economist-argentinas-debt-default.html

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www.kevindayhoff.net Kevin Dayhoff – Soundtrack

Eurozone Crisis - Bus Econ eurozone



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Why Greece Matters by Kevin E. Dayhoff December 5, 2012 TheTentacle.com http://tinyurl.com/dxxwya5  http://twitpic.com/bkykwk



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December 12, 2012 The Ghost of Berlusconi Rises Again Kevin E. Dayhoff
While Greece wraps up a six-month effort to secure a new bailout payment, and Washington continues to fail to understand the seriousness of its fiscal responsibilities, the world’s financial markets wobbled earlier in the week when it saw the ghost of Italy’s former Prime Minister Silvio Berlusconi. http://www.thetentacle.com/ShowArticle.cfm?mydocid=5512

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Athens, Greece, January 12 – Demonstrators once again took to the streets in central Athens Saturday afternoon, in another of a long series of strikes, demonstrations and acts of civil disobedience that have rocked Greece since a worldwide economic downturn officially got underway in December 2007.

It was four years ago – in 2009 – that Greece kicked-off the year by announcing its budget deficit would be 12.9% of GDP, more than four times the European Union's 3% limit. Greece was first admitted into the EU in 1981, and in 2001 it joined the Eurozone… http://www.thetentacle.com/ShowArticle.cfm?mydocid=5566

[…]




Various recent news accounts indicate that unemployment approaches 25 percent in Greece. Pensions have been reduced and salaries slashed anywhere from 30 to 60 percent.

Meanwhile last Saturday began with signs posted in the Metro that read: “Notice to Passengers. On Saturday 12/1/13, stations, Penepistimio, Syntagma, will remain closed from 10:00 for safety reason…”


Since 2010, Syntagma Square has served as a barometer for rising civil discontent over Greece’s ever-worsening economic crisis. In the past it has been the most popular locale for mass protests and tent-city like occupations, some of which have turned unexpectedly violent in which police have responded en masse with batons, shields and tear gas...

On Saturday, I witnessed more than 5,000 or 6,000 demonstrators marching past the National Archaeological Museum, in a dense, well-organized and loud processional that chanted a Greek chorus of anti-government slogans in a carefully choreographed cat-and-mouse theatrical routine with a full accompaniment of motorcycle police and a phalanx of paramilitary shock riot-police.


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Thursday, December 13, 2012

Kevin Dayhoff - Soundtrack: Eurozone Crisis: The Economist: Argentina’s debt d...

Kevin Dayhoff - Soundtrack: Eurozone Crisis: The Economist: Argentina’s debt d...:



I’ve read it several times and gain more insights every time I read it…

Creditors’ decade-long battle with Argentina shows just how tangled sovereign defaults can be Oct 22nd 2011 NEW YORKhttp://www.economist.com/node/21533453

AS GREECE flirts with disaster and several other European countries buckle under heavy debts, creditors’ experience with Argentina should serve as a sobering reminder about the mess that can follow a sovereign default. A decade after the Latin American country welshed on $81 billion, disgruntled creditors are still chasing their money. The litigation, and Argentina’s defiance in the face of judgments against it, complicate its plans to return to international capital markets....

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20121213 Articles on the eurozone crisis, sovereign debt crisis, Argentina, Italy, - and Greece in particular: http://kevindayhoff.blogspot.com/2012/12/articles-on-eurozone-crisis-sovereign.html

Άρθρα σχετικά με την κρίση στην ευρωζώνη, κρίση δημόσιου χρέους, την Αργεντινή, την Ιταλία, - και ειδικότερα την Ελλάδα - Articles on the eurozone crisis, sovereign debt crisis, Argentina, Italy, - and Greece in particular: http://kevindayhoff.blogspot.com/search/label/Bus%20Econ%20eurozone on www.kevindayhoff.net Kevin Dayhoff – Soundtrack

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20121213 Articles on the eurozone crisis, sovereign debt crisis, Argentina, Italy, - and Greece in particular: http://kevindayhoff.blogspot.com/2012/12/articles-on-eurozone-crisis-sovereign.html


20121202 Rick Steves: June 11, 2012 “Greece in Economic Crisis and Your Travel Dreams” Retrieved December 2, 2012 http://kevindayhoff.blogspot.com/2012/12/rick-steves-greece-in-economic-crisis.html


20111022 Eurozone Crisis: The Economist: Argentina’s debt default Gauchos and gadflies http://kevindayhoff.blogspot.com/2012/02/economist-argentinas-debt-default.html

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www.kevindayhoff.net Kevin Dayhoff – Soundtrack

Eurozone Crisis - Bus Econ eurozone




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Γιατί Ελλάδα Θέματα από τον Kevin Ε. Dayhoff 5 Δεκεμβρίου του 2012


20121202 In Greek Why Greece Matters by Kevin E. Dayhoff

Γιατί Ελλάδα Θέματα από τον Kevin Ε. Dayhoff 5 Δεκεμβρίου του 2012

TheTentacle.com http://tinyurl.com/dxxwya5

Δεδομένου ότι η παγκόσμια οικονομική ύφεση εισέρχεται έκτο χρόνο της, και «δημοσιονομική γκρεμό», η λεγόμενη αποκαλυπτική δεσπόζει στις ΗΠΑ, η ελληνική χορωδία επαναλαμβάνει σε αυτή την παγκόσμια οικονομική όπερα-έπαιξε από ένα all-πολύ γνωστό ρεφραίν την περασμένη Παρασκευή, όταν η γερμανική Bundestag εγκριθεί περισσότερα κεφάλαια διάσωσης για την Ελλάδα.

Ναι, Ελλάδα - ότι η μικρή χώρα των περίπου 11 εκατομμυρίων ανθρώπων στο ανατολικό τμήμα της Μεσογείου, ανάμεσα στην Ιταλία και την Τουρκία, με μόλις δύο τοις εκατό του συνολικού Ακαθάριστου Εγχώριου Προϊόντος της Ευρώπης, και άξια ανταγωνίζεται με την Αργεντινή και τις ΗΠΑ να κερδίσουν πάνω από 100 τοις εκατό του παγκόσμιου, του καθενός χρόνια, η οικονομική ημικρανία.

Θυμηθείτε, δεν ήταν πολύ καιρό μετά την Μεγάλη Ύφεση πήρε επίσημα ξεκινήσει το Δεκέμβριο του 2007, όταν άρχισαν να rumblings να ακούσει ότι η Ελλάδα ήταν τεχνικά σε πτώχευση.

"Η Ελλάδα ξεκίνησε την κρίση το 2009 με την εισδοχή το έλλειμμα του προϋπολογισμού θα είναι 12,9% του ΑΕΠ, πάνω από τέσσερις φορές της ΕΕ όριο του 3%», σύμφωνα με ένα άρθρο που γράφτηκε για About.com από την Kimberly Amado.

Πάνω από τα πολλά χρόνια από τότε που Ελλάδα εισήχθη για πρώτη φορά στην Ευρωπαϊκή Ένωση το 1981, και ιδιαίτερα μετά το 2001, όταν εντάχθηκε στην ευρωζώνη? Ο ιστορικός γη της μυθολογίας, αρχαίου πολιτισμού, και την γενέτειρα των Ολυμπιακών Αγώνων, έχει ζήσει τεράστια, πολύ πέρα ​​από τα μέσα της και ταλαντεύτηκε προς αθέτησης των δανείων της και οικονομικό χάος για πάνω από τέσσερα χρόνια.

Πέστε ότι δεν είναι έτσι. Η Ελλάδα είναι η ουσία της αρχαίας λαϊκές παραδόσεις, οι αρχές της δημοκρατίας και της δυτικής φιλοσοφίας με μια τεκμηριωμένη ιστορία που χρονολογείται από τον 3ο αιώνα π.Χ., με ένα σύγχρονο, υψηλό βιοτικό επίπεδο, ότι το περιοδικό The Economist, εξίσου υψηλή θέση ως 22η στον κόσμο, όπως πρόσφατα ως 2005 ...




Ετικέτες: 20130100 Ελλάδα, λεωφορείων Econ ευρωζώνη, Οικονομική των Επιχειρήσεων, Dayhoff Media Η πλοκάμια, Κόσμος Ευρώπη Ελλάδα

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Why Greece Matters by Kevin E. Dayhoff December 5, 2012


As the global financial recession enters its sixth year, and the so-called apocalyptic ‘fiscal cliff’ looms large in the U.S., the repeating Greek chorus in this global economic opera played-out an all-too familiar refrain last Friday when the German Bundestag approved more bailout funds for Greece.

Yes, Greece – that tiny country of approximately 11 million people in the eastern portion of the Mediterranean between Italy and Turkey, with barely two-percent of the entire Gross Domestic Product of Europe, and capably competes with Argentina and the U.S. to command over 100 percent of everyone’s global, chronic, economic migraine headache.

Remember, it was not long after the Great Recession officially got underway in December 2007, when rumblings started to be heard that Greece was technically bankrupt.

“Greece kicked off the crisis in 2009 by admitting its budget deficit would be 12.9% of GDP, more than four times the EU's 3% limit,” according to an article written for About.com by Kimberly Amado.

Over the many years since Greece was first admitted into the European Union in 1981, and especially since 2001 when it joined the eurozone; the storied land of mythology, ancient civilization, and the birthplace of the Olympics, has lived huge, way beyond its means and lurched toward defaulting on its loans and economic chaos for over four years.

Say it ain’t so. Greece is the stuff of ancient lore, the beginnings of democracy and western philosophy with a documented history that dates back to the 3rd century BC, with a modern, high standard of living that The Economist ranked as high as 22nd in the world as recently as 2005…



[20121202 seo In Greek Why Greece Matters by Kevin E. Dayhoff -
20121205 seo Why Greece Matters]
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20121213 Articles on the eurozone crisis, sovereign debt crisis, Argentina, Italy, - and Greece in particular: http://kevindayhoff.blogspot.com/2012/12/articles-on-eurozone-crisis-sovereign.html

Άρθρα σχετικά με την κρίση στην ευρωζώνη, κρίση δημόσιου χρέους, την Αργεντινή, την Ιταλία, - και ειδικότερα την Ελλάδα - Articles on the eurozone crisis, sovereign debt crisis, Argentina, Italy, - and Greece in particular: http://kevindayhoff.blogspot.com/search/label/Bus%20Econ%20eurozone on www.kevindayhoff.net Kevin Dayhoff – Soundtrack

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20121213 Articles on the eurozone crisis, sovereign debt crisis, Argentina, Italy, - and Greece in particular: http://kevindayhoff.blogspot.com/2012/12/articles-on-eurozone-crisis-sovereign.html


20121202 Rick Steves: June 11, 2012 “Greece in Economic Crisis and Your Travel Dreams” Retrieved December 2, 2012 http://kevindayhoff.blogspot.com/2012/12/rick-steves-greece-in-economic-crisis.html


20111022 Eurozone Crisis: The Economist: Argentina’s debt default Gauchos and gadflies http://kevindayhoff.blogspot.com/2012/02/economist-argentinas-debt-default.html

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www.kevindayhoff.net Kevin Dayhoff – Soundtrack

Eurozone Crisis - Bus Econ eurozone



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Articles on the eurozone crisis, sovereign debt crisis, Argentina, Italy, - and Greece in particular:

Άρθρα σχετικά με την κρίση στην ευρωζώνη, κρίση δημόσιου χρέους, την Αργεντινή, την Ιταλία, - και ειδικότερα την Ελλάδα - Articles on the eurozone crisis, sovereign debt crisis, Argentina, Italy, - and Greece in particular: http://kevindayhoff.blogspot.com/search/label/Bus%20Econ%20eurozone on www.kevindayhoff.net Kevin Dayhoff – Soundtrack
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Thursday, February 09, 2012

European Central Bank in a fix over Greek debt by Joseph Stiglitz


This article ties-in neatly with The Economist: Argentina’s debt default Gauchos and gadflies http://kevindayhoff.blogspot.com/2012/02/economist-argentinas-debt-default.html I’ve read it several times and gain more insights every time I read it…

Creditors’ decade-long battle with Argentina shows just how tangled sovereign defaults can be Oct 22nd 2011 NEW YORK http://www.economist.com/node/21533453


AS GREECE flirts with disaster and several other European countries buckle under heavy debts, creditors’ experience with Argentina should serve as a sobering reminder about the mess that can follow a sovereign default. A decade after the Latin American country welshed on $81 billion, disgruntled creditors are still chasing their money. The litigation, and Argentina’s defiance in the face of judgments against it, complicate its plans to return to international capital markets.

Argentina’s default, after a severe economic crisis, sparked social unrest and runs on banks. It subsequently presented creditors with a take-it-or-leave-it offer of 35 cents on the dollar. They considered this derisory: previously, delinquent countries had typically paid 50-60 cents. But the government stood firm and roughly three-quarters of the bondholders took part in a debt exchange in 2005. More joined in 2010, bringing the total to 93%... http://www.economist.com/node/21533453





The ECB may be putting the interests of the few banks that have written credit-default swaps before those of Greece, Europe's taxpayers, and creditors


Nothing illustrates better the political crosscurrents, special interests, and shortsighted economics now at play in Europe than the debate over the restructuring of Greece's sovereign debt. Germany insists on a deep restructuring – at least a 50% "haircut" for bondholders – whereas the European Central Bank insists that any debt restructuring must be voluntary.

In the old days – think of the 1980s Latin American debt crisis – one could get creditors, mostly large banks, in a small room, and hammer out a deal, aided by some cajoling, or even arm-twisting, by governments and regulators eager for things to go smoothly. But, with the advent of debt securitisation, creditors have become far more numerous, and include hedge funds and other investors over whom regulators and governments have little sway.

Moreover, "innovation" in financial markets has made it possible for securities owners to be insured, meaning that they have a seat at the table, but no "skin in the game". They do have interests: they want to collect on their insurance, and that means that the restructuring must be a "credit event" – tantamount to a default. The ECB's insistence on "voluntary" restructuring – that is, avoidance of a credit event – has placed the two sides at loggerheads. The irony is that the regulators have allowed the creation of this dysfunctional system… http://www.guardian.co.uk/business/economics-blog/2012/feb/06/european-central-bank-greek-debt

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Now that the Super Bowl is over there may be no better time to focus some attention on the continuing Greek tragedy that is unfolding over in the economic Twilight Zone, known as the Eurozone.

There is a growing sense that Americans, somewhat exhausted after a decade of foreign wars and international conflict, have grown increasingly isolationist in their worldview.

That may be a good thing to a certain extent. The United States cannot continue to pay the price of maintaining the planet’s police force.

While other nations concentrate that portion of its gross national product to strengthening its industrial base, quality of life and economy – think Germany – that would otherwise go to defense spending if it were not for the United States, our nation continues to wallow in an economic tar pit.

Just when our nation’s economy cheers up a bit, things threaten to get worse quickly.

As we head for the seclusion of the isolationist, padded panic room, it might be a good idea to take a look over our shoulder and keep an eye on Greece – and Portugal, Ireland, Spain and Italy… http://www.thetentacle.com/ShowArticle.cfm?mydocid=4907

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I’ve read it several times and gain more insights every time I read it…

Creditors’ decade-long battle with Argentina shows just how tangled sovereign defaults can be Oct 22nd 2011 NEW YORK http://www.economist.com/node/21533453

AS GREECE flirts with disaster and several other European countries buckle under heavy debts, creditors’ experience with Argentina should serve as a sobering reminder about the mess that can follow a sovereign default. A decade after the Latin American country welshed on $81 billion, disgruntled creditors are still chasing their money. The litigation, and Argentina’s defiance in the face of judgments against it, complicate its plans to return to international capital markets.

Argentina’s default, after a severe economic crisis, sparked social unrest and runs on banks. It subsequently presented creditors with a take-it-or-leave-it offer of 35 cents on the dollar. They considered this derisory: previously, delinquent countries had typically paid 50-60 cents. But the government stood firm and roughly three-quarters of the bondholders took part in a debt exchange in 2005. More joined in 2010, bringing the total to 93%... http://www.economist.com/node/21533453




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Άρθρα σχετικά με την κρίση στην ευρωζώνη, κρίση δημόσιου χρέους, την Αργεντινή, την Ιταλία, - και ειδικότερα την Ελλάδα - Articles on the eurozone crisis, sovereign debt crisis, Argentina, Italy, - and Greece in particular: http://kevindayhoff.blogspot.com/search/label/Bus%20Econ%20eurozone on www.kevindayhoff.net Kevin Dayhoff – Soundtrack


20121202 Rick Steves: June 11, 2012 “Greece in Economic Crisis and Your Travel Dreams” Retrieved December 2, 2012 http://kevindayhoff.blogspot.com/2012/12/rick-steves-greece-in-economic-crisis.html


20111022 Eurozone Crisis: The Economist: Argentina’s debt default Gauchos and gadflies http://kevindayhoff.blogspot.com/2012/02/economist-argentinas-debt-default.html

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www.kevindayhoff.net Kevin Dayhoff – Soundtrack

Eurozone Crisis - Bus Econ eurozone



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Friday, December 30, 2011

News from The Hill: White House delays $1.2T debt hike to allow votes in Congress




News from The Hill:

White House delays $1.2T debt hike to allow votes in Congress 
By Peter Schroeder 
The White House has agreed to hold off on formally requesting a $1.2 trillion increase in the debt limit to give Congress time to vote on it. The Obama administration had said that the the Treasury Department could formally request the debt increase as soon as Friday. Officials say the federal debt is nearing the maximum permitted under the law.

Read the story here.


For all the latest news:
Visit TheHill.com 
Follow @TheHill on Twitter
Like The Hill on Facebook

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