Greece

"Yesterday, the headline in the Frankfurter Zeitung was “Democracy is Junk.” The meaning was the financial sector was saying that democracy is incompatible with collecting debts and, when debtors can’t pay, with foreclosing on the public…

"The treaties indeed confirm what we have been saying here: the treaty doesn't foresee an exit from the euro zone without exiting the EU, so indeed that is the current situation." -European Commission spokeswoman Karolina…

I had been willing to dismiss the rumours that Greece was forestalling a military coup. Others have since said the change in top brass is standard protocol for a Greek government preparing for its potential loss of power and that the…

Now that we have had a chance to digest the information from last night, there are a number of developments to report on the Greek situation which are relevant to unravelling likely scenarios going forward. Here is my synopsis of what has…

European stocks rebounding amid talks of Greek government collapse, potential referendum withdrawal. ECB likely to remain on hold but signal December rate cut; US service ISM key data report today. EM focus on potential for China easing…

This move puts a whole train of future moves in motion, in my view. The Greek people will be apoplectic at this tactic. They will reject the bailout in a referendum out of spite. Greece and its banks will be insolvent. Meanwhile, the run on…

Europe has an enormous productive capacity, Greece included. Debt introduces a money distribution problem that becomes a flashpoint during periods of economic weakness because the inability of large debtors to pay imperils both the debtor,…

Market sentiment modestly improves after most Asian stocks fall ; EFSF to delay €3bln bond sale. Greek cabinet endorsed referendum plan overnight; aims to win Friday’s confidence vote. FOMC unlikely to announce further asset purchases,…

What people don’t realize is that what happened in Iceland has been used as a test case for what’s happening in Greece and what’s happening in Europe, and maybe what happens in the United States

We have learned that the Defense Minister is calling for a wholesale change of military leadership. I see this as an extremely alarming development. And in conjunction with Papandreou’s move to call a referendum, it would make sense to…