Greek Debt Swap Success? IIF's Dallara Seems To Think So
Greece has fallen out of the headlines in the past few days due to a supposed resolution of the debt deal, but large hurdles still exist. Managing Director Dallara of the IFF is under the impression…
S&P Sees Greek Default on Debt After EU Plan Takes Effect
July 27 (Bloomberg) -- Greece will partially default on its debt once European officials push through a plan that will see bondholders foot part of the bill of a second bailout agreed to last week in…
Soros Says "We are on the verge of an economic collapse...
Soros Says a Euro Exit Mechanism Is ‘Probably Inevitable’ Amid Debt Crisis By Zoe Schneeweiss June 27 (Bloomberg) -- Billionaire investor George Soros said it’s “probably inevitable” that a…
Weekend Reading -more gloom and doom
Financial Times Flight from money market funds exposed to EU banks By Michael Mackenzie and Nicole Bullock in New York Investors are withdrawing cash from money market funds heavily exposed to…