U.S. retail sales data, industrial output in China and the euro area, the ongoing Spanish banking crisis and possible further monetary policy easing in Japan will all be overshadowed by the Greek elections, said Nomura Securities analysts in a 16 page report on Friday.
Germany would like the maturities of all Greek bonds to be stretched by seven years.
But they will all be for naught unless the Greek political system can form a viable government that will implement the commitments it has undertaken -- properly amended in ways that Greece and its lenders can agree on -- and set the foundations for the transformation of the Greek economy to allow it to benefit from any improvement in Europe's prospects.
The French Finance Minister, Pierre Moscovici, said Europeans should be "sensitive to the feelings of all Greek people".
We would all be better off to put the Greek debt crisis in the past and focus on solving the next set of debt problems.
Which would mean that the Bundesbank's loss from non-repayment of what it is owed by the Greek central bank, for example, would be 19% of what the Greek central banks owes to all the eurozone's central banks.
It could be because Greek elites have not yet moved all of their capital out of the country.
The fact that Palladio's drawings still exist may well be due to the English passion for collecting all things Greek and Roman or of later, classical inspiration and carting them back home (the contested Elgin marbles, for one conspicuous example).
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All the while, the Greek people would be living with austerity.
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What is really being said here is that if Greece leaves then Greece can, quite legally, simply state that all debts contracted under Greek law can now be settled in the New Drachma and the fact that this is worth less than the old euros makes no difference.
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So all in all, I think that Greek debt restructuring should not be on the agenda.
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The Greek wines, which tend to be higher in acid, all possessed a certain aliveness.
If Greece left the euro, all of that would stop and the Greek banking system would simply be unable to function.
Others think it's all highly strategic: the ECB wanted to remind Greek voters and politicians that if they stumble out of the euro the Greek financial system, to all intents and purposes, will be finished.
This all implies, therefore, that the next SI prefixes should be based on the Greek ennea (for nine).
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So the money that would be paid out on the CDS contracts in the event of a Greek default is already pretty much all in the bank accounts of the people who would gain it and out of the bank accounts of the people who would lose it.
Strangely, as the Greek exit from the Eurozone becomes ever more likely it turns out to be Latin that we all have to brush up upon.
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