Tag Archives: Poor Uncles

Why These People Are Smiling: Is There No Atlantic Wall of Financial Protection for the U.S.?

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We had some more fancy footwork and relieved smiles from Angela Merkel and Nicolas Sarkozy this past week. The reason for the smiles is not that the Euro debt crisis has been resolved, but they believe they have found a … Continue reading

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As Greece Goes, So Goes Europe: How the Unthinkable Happens

The Maastricht Treaty of 1992, which created the Eurozone and the European Central Bank (ECB), requires fiscal responsibility of its members. Annual fiscal deficits relative to GDP were not to exceed 3 percent, and cumulative debt was supposed to be … Continue reading

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On the Ratio of Rich to Poor Uncles

clarke-dawes

Once again the fragility of the European PIIGS sovereign risk is findings its way back into the news which is another problem the global economic and financial community would like to be without. The pricing of Greece’s sovereign debt has … Continue reading

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