Bloomberg (January 27)
“Debt forgiveness tied to pro-growth economic reforms would help” both Greece and Germany. Europe’s most powerful nation would actually stand “to gain a lot. Its refusal to countenance further debt relief is economically damaging and politically dangerous. For its own sake, Germany should think again.”
Tags: Debt, Europe, Forgiveness, Germany, Greece, Pro-growth, Reforms, Relief
Institutional Investor (January 6)
Amid “slowing global growth concerns and plummeting oil,” Russia has become a “cornered bear.” Food shortages and other anecdotal evidence suggest the domestic economy is crumbling and “that the pain is far from over.” Putin’s chances of finding “a solution that can provide economic relief while allowing him to save face” are looking “increasingly slim.”
Tags: Economy, Food shortages, Global growth, Oil, Pain, Putin, Relief, Russia
Institutional Investor (June 18)
“The relief rally that followed Sunday’s rather limited victory for euro zone unity in the Greek general election has proved unusually faint-hearted and short-lived, with the euro down sharply against the dollar despite initially climbing to a one-month high.” As if to emphasize that Greece is but one problem confronting Europe, yields on ten-year Spanish bonds rose “to a euro-era record above 7 percent.”
