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

  • VENEZUELA: China Will Help Finance 3 New Power Plants For $520 Million In Oil.
  • MEXICO: 2 Girls Scale U.S. Border Fence... In Under 18 Seconds.
  • BRASIL: Contract To Build Belo Monte Dam Is Awarded; Bloodshed Threatened.
  • POLAND: Palikot Already Stirring The Parliamentary Pot...With Request To Remove Crucifix.
  • CHILE: Navy's Touring Tall Ship...Has Sordid Past.
  • RUSSIA / GERMANY : Nein! Germany Withdraws Quadriga Prize For Putin.
  • MEXICO: 28 April UPDATE: More Death Discovered In Durango...As Body Count Grows Again By 8; Total 104...So Far.
  • SERBIA / LIBYA : Are Serbian Mercenary Pilots Bombing Protestors In Tripoli?
  • RUSSIA : Woman Boss Demands Sales Growth...Or Foto Strip Down.
  • CHILE / NEW ZEALAND: Santiago Eyes Volcanos For Geothermal Energy.

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