Greece A Result Of A Greedy Goldman? Nahhhh...
Back in 2001, Greece had a problem. The struggling country's debt levels were simply too high to qualify for admittance to the European Union. While these regulations were in place to protect the…
Paulson Calling For A Greek Default
According to Paulson & Co., a hard default by Greece could spell economic disaster of unprecedented proportion along with the breakup of the Euro. In his 2011 recap letter to clients, he…
Google's Purchase of Motorola Cleared by EU
Looks like one more hurdle is out of the way for Google to challenge Apple in the wireless world. The European Union allowed the deal to pass, but warned against excessive fees charged for licensing…
Greece: 20% Cut in Minimum Wage and 15,000 Public Sector Jobs Lost? Ouch..
Prime Minister Papademos, Finance Minister Venizelos, and Greek Bank Governor Provopoulos are expected to sign a draft agreement to secure a $172 billion dollar rescue plan desperately needed by the…
Like Herding Cats? Try Trading Oil
Today's rampant fluctuation in oil was a perfect example of how much political and headline risk from Iran surround the markets. While nothing fundamental has changed from our initial assessment of…
France Said to Seek Faster Start to EU Iran Oil Embargo
Oil markets see a bit of a boost from France's push toward cutting the grace period before implementing a ban on Iranian crude in half, breaking a 4 day loosing streak.
Who's Left With The Bill for the Eurozone Bail-out
The latest chapter in Europe's never-ending sovereign debt crisis comes about a year after Greece received a 110 billion euro ($158 billion) bailout package from the EU and IMF. That bailout was…