Better a Greek haircut that a Greek tragedy
The crisis in Greece has been averted for now. The European governments have been able to reach a consensus, banks have understood the need to sustain losses on the Greek sovereign debt in their books...
View ArticleReferendum in Greece and a mini-crisis
After all the ups and downs of the recent debt restructuring and bail-out process in Europe and the promise of belt tightening by Greece, it seems as if we are back to square one. The promise of a...
View ArticlePost-trade and the clouds over Europe
Europe has been dealing lately with all the issues around the Greek debt and the possibility of a “Grexit”. While the final decision on the matter would have its significant repercussions, the...
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