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Monday, February 8, 2010

Fiscal Crisis in Europe - a new stage of global crisis

  • Comissão Europeia pode enviar inspectores para países que não forneçam dados financeiros confiáveis tinyurl.com/ybuka5s #
  • A sobrevivência da zona #euro | Económico goo.gl/CEuY #
  • FT.com / Columnists / Wolfgang Munchau - What the #eurozone must do if it is to survive goo.gl/fF7Z #econ #
  • FT.com / Europe - #Spain and #Portugal fight to calm investors goo.gl/d3RJ #economy #
  • Is #Greece's Debt Trashing the #Euro? - NYTimes.com goo.gl/YP5N #
  • RT @economiaportuga: Saiba quais são as principais dúvidas dos investidores: Bolsa portuguesa desceu 7,39% esta sem bit.ly/bSyNuV #
  • RT @bbcbusiness: Britain should be seen in the same category of highly indebted countries such as Greece, a leading bit.ly/dtYtkT #
  • FT.com / Europe - #Portugal near political crisis over debt goo.gl/mIWJ #euro #
  • Sovereign #debt fears signal new stage of global crisis goo.gl/ePtH #capitalism #
  • RT @simbiotica: Dangerous shift in opinion about #climate change happening bit.ly/cYP7jS #
  • Señal: La #crisis fiscal de #Europa derrumba a los mercados mundiales goo.gl/mbxf #
  • #Greece 's financial crisis puts the future of the #euro in question | The Observer goo.gl/jx1j #
  • Centralised control over budgets from the #eurozone 's big two, Germany and France? NO, THANKS! #
  • The Spanish Tragedy bit.ly/a88bDX #euro #

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1 comment:

CrisisMaven said...

In and of itself a Greek bankruptcy or bond default should -in theory- not affect the Euro as such very much, Greece being maybe 3% of the total. However, just as a Californian bankruptcy would reflect badly on the "state of the Union" as a whole so would the default of on EU country, coupled with the rising interest rates and thus further destabilisation of the remaining over-leveraged member states, make investors wonder when sovereign default across the board is likely. Thus they wouldn't commit themseves to bonds of longer maturity and that's the beginning of the end.