sovereign debt
sovereign debt Articles
Greece will never default on its sovereign debt. That is, at least what Greece’s finance minister George Papaconstantinou says. His argument has less to do with his nation’s precarious situation...
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Many investors in sovereign debt and euro zone nations which put up hundreds of billions of dollars are anxious to see if Greek moves toward default on its national paper. A number of investment...
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One of the worst pieces of news that holders of sovereign debt can receive is that a large nation has been able to restructure its obligations on terms which are favorable to the country, but not the...
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The IMF seems to believe that if it showers the world with enough information about the finances of developed and emerging nations that it can fix their economies by the power of its arguments. If it...
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Ireland’s stock market dropped 6% yesterday. It is any wonder? After the close of the markets in Europe and the US, Standard & Poor’s cut the Republic of Ireland’s long-term sovereign...
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It is hard to see how Greece can repay it sovereign debt if its economy keeps shrinking. According to several media reports including MarketWatch, “Greek gross domestic product fell by 1.5% in the...
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Moody’s and S&P have had a habit of downgrading sovereign paper in nations such as Greece, Spain, and Portugal long after it was clear to the capital markets that their prospects to pay their...
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