Hypervigilant Observer

Following 45 GROWTH/EMERGING Markets: MEXICO, BRASIL,LATIN AMERICA,EASTERN EUROPE, RUSSIA, EUROZONE...from AUSTIN,TEXAS...with Freely Accessible, Reputable...ENGLISH LANGUAGE LINKS: Energy...Currencies...Crime... Tourism...Politics...Economics. HOARDING News Links...Since JUNE 2009...AD FREE.

Search This Blog

Subscribe To

Posts
Atom
Posts
Comments
Atom
Comments

About Me

View my complete profile

Popular Posts

  • MEXICO: Narcos "Force Down" Police Helicopter In Michoacan.
  • MEXICO: Little Hope Remains For 9 Coal Miners After Explosion Kills 5; Billionaire Carlos Slim Slammed By Court.
  • MEXICO: Indigena Michoacan Residents Defy Narcos.
  • MEXICO: C.Bank Bought...90 Tons Of Gold...In Past 3 Months.
  • HONDURAS: Zelaya Free To Return...After Arrest Warrants Dismissed.
  • SERBIA: Singer "Ceca" Charged With Embezzlement.
  • EASTERN EUROPE: 17 Mar. UPDATE: 2 New Nukes...Still In Poles Future...Despite Japanese Tragedy; Merkel Imposes Old Nukes Moratorium; Czechs, Slovaks And Others Support New Nukes.
  • ARGENTINA: Gen. Menendez...Gets Another Life Sentence...For Killing 5 During "Dirty War."
  • MONDAY MORNING MUSIC: From USA: Katy Perry's "Rainbow."
  • MEXICO: Televisa TV Show Host Kidnapped And Murdered...With 2 Others...In Monterrey; 230,000 Reported To Have Fled Mexican Violence.

25 February 2010

EURO: Banks Win, Greece And Euro Lose On Default.

NYTIMES/    Credit-default swaps, the same kind of trades that nearly brought down mammoth AIG and the U.S. economy, are now making it harder for Greece to raise money. “It’s like buying fire insurance on your neighbor’s house — you create an incentive to burn down the house," said one analyst. These CDS's are bets by speculators Greece will default on its debts.
Email ThisBlogThis!Share to XShare to FacebookShare to Pinterest
Labels: Credit-default swaps, Goldmans Sachs, Greece, JP Morgan/Chase, Markit Group
Newer Post Older Post Home