Sunday, July 24, 2011
Greece Contagion 101
Shelagh Fogarty
How does the Greece default affect us. Carrying on from the previous article posted about Fitch calls Greek debt default.
Posted by deepak @ 07:33 PM (3902 views)
4 thoughts on “Greece Contagion 101”
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deepak says:
00:00 – 00:30: Greek contagion
00:48 – 00:55: Asking price falls for first time. Reasons and stats.
00:55 – 01:00: Tax credits and good deals
01:07 – 01:15: 34000 police job losses.
alan says:
From Reuters Sydney site “Ratings agency Moody’s has cut Greece’s debt ratings by three notches to Ca on Monday, leaving it just one notch above what is considered default, and said the chance of a default is now “virtually 100 percent”.
Has anyone got any news on how the EU Task Force are progressing in improving growth in the Greek economy? Have they booked their 1st class flights and five star hotels yet or are they planning a team building fortnight in the US first?
orcusmaximus says:
Must watch this. Thanks for the post.
alan says:
Ratings agency Moody’s has cut Greece’s debt rating by three notches to Ca (on Monday), leaving it just one notch above what is considered default, and said the chance of a default is now “virtually 100%”.