
Buried under “crippling local government and corporate debt”, the Red Dragon’s current debt restructuring plan amounts to “little more than creative financial-engineering.” Lombard believes that China still has the ability address the nation’s debt-bomb, but the fuse is now burning.
by Chriss W. Street23 Jun 2015, 5:45 AM PST0

The populists are screening a modern Greek Tragedy wherein the noble Greek people are forced to suffer deprivations in return for the villainous German-controlled creditors pretend to loan Greece money that mostly repay existing EU loans used to buy German imports. But with Greece on the brink of running out of cash, and Greece’s creditors running out of patience, a compromise may be coming together to avoid an overt ‘Grexit’ by allowing for a devalued “Greek euro.”
by Chriss W. Street22 Apr 2015, 4:30 AM PST0

Bookmaker William Hill has stopped taking bets on whether Greece will exit the Euro during 2015, saying the country could “begin the process of departing very shortly”. But experts have said that a Grexit could be disastrous for the bloc,
by Donna Rachel Edmunds17 Apr 2015, 7:10 AM PST0

In a veiled threat to the EU and its financial institutions, Greece has warned that any foreign meddling in its domestic affairs makes the likelihood of ISIS infiltration into Europe more likely. Speaking to the Times, defence minister Panos Kammenos warned
by Donna Rachel Edmunds8 Apr 2015, 1:01 AM PST0