PIIGS
PIIGS Articles
ThinkstockIf you have watched the stock market, bond market and the economy in general for the past five years or so, it will be no surprise that the world’s economies and financial markets are...
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National Bank of Greece was featured positively on Tuesday by the Nomura analyst team covering the European banking sector. The call actually has a bit of mixed data in it.
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ThinkstockIt seems almost too hard to believe, but we have seen two of the PIIGS upgraded by different credit ratings agencies this Friday. Fitch ratings has raised Greece’s sovereign credit...
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thinkstockThe capital markets have opened back up to Greece. The struggling, or very struggling, island nation in the eurozone (and one of the PIIGS), has tapped the capital markets for a 3 billion...
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National Bank of Greece is trying to still manage a turnaround. If earnings are a barometer, then the bank could be on the way back up.
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thinkstockIt seems hard to believe after years of decline, but bad news out of Greece has changed to “less-bad” and then to almost good news. We previously saw that the Greek budget may have a...
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ThinkstockThe U.S. Federal Reserve may have slashed the Fed funds rate as low as humanly possible. After all, how can you beat zero percent (actually targeted 0.00% to 0.25%)? The answer is with...
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ThinkstockThey say that some banks are too big to fail, but Italy is among the nations in the PIIGS, and it is simply “too big to bail.” That means Italy has to solve its problems mostly on its...
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thinkstockGreece and its banks may have found a friend in billionaire investor John Paulson. A report from Reuters has said that Paulson now favors the recapitalized banking sector as a bet on...
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ThinkstockPerhaps you are tired of hearing about the credit ratings of the PIIGS in Europe or maybe not. It turns out that Standard & Poor’s has downgraded the sovereign credit rating of Italy...
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ThinkstockIs the worst over in Italy? Maybe, but there are always some serious risks along the way. 24/7 Wall St. has looked through a document from the European Commission on Wednesday and was...
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thinkstockInvestors have had time to know and prepare for a capital raise of sorts from the National Bank of Greece SA (NYSE: NBG). That is almost upon us and this is bringing a negative reaction...
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ThinkstockItaly is one of the PIIGS, and therefore one of the big troubled spots for investors to keep their eyes on. The good news is that if the hangman is still lurking, it seems that no one can...
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ThinkstockThis morning we went on record calling the European proposal to make depositors face a Cyprus bailout tax on their bank deposits as being nothing short of theft. A levy, tax, fee, or any...
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ThinkstockIt looks as though things are becoming less and less dire by the week in Europe. Pressure continues to abate against the nation of the PIIGS. Even if austerity protests are taking place in...
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