Greece strike under austerity as America faces sequester

February 21, 2013 By 3 Comments
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The threat of sequester in America is the first taste of austerity in the world’s largest economy. A microscopic version of what America faces is on show over in Greece, and the austerity measures are impacting every facet of Greek society. Strikes are commonplace as the latest round of protests as government workers did take part in the planned Anti-Austerity strike to show the people’s anger over the economic situation not showing any improvement but the continued decline of the economic situation. Greece did receive a second bailout package in December, but the citizens were placing hopes in the ease of austerity measures. The austerity still holds firm in Greece with high impact negatives in the country. America faces sequester, and this first round of austerity will be harsh as $85 billion in spending cuts will take place beginning in March. The truth is the slow spread of austerity in America will take longer and be more painful than Greece. Greece is much smaller with Europe … [Read more...]

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MarketWatch: Budget is key for USA coveted AAA Credit Rating

September 11, 2012 By Leave a Comment

  Moody's: Budget talks key to U.S. rating outlook   LEARN MORE By Mike Maynard WASHINGTON (MarketWatch) -- Analysts at Moody's Investors Service would like to see some constructive action taken by the White House and Capitol Hill on the federal debt, saying in a report Tuesday that this would be a key factor in determining whether the agency will change its ratings outlook for U.S. government debt. The rating stands at Aaa with an outlook of "negative." If budget negotiations "lead to specific policies that produce a stabilization and then downward trend" in the ratio of federal debt to gross domestic product in the medium term, Moody's said it would likely reaffirm the Aaa rating and change the outlook to "stable." Moody's also noted that its ratings outlook makes the assumption that Congress and the Obama administration will again agree to increase the U.S. debt limit and do so in a "relatively orderly" … [Read more...]

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Friday Finance: Happy 2nd Anniversary of Greek Debt Crisis

March 30, 2012 By Leave a Comment
Friday Finance: Happy 2nd Anniversary of Greek Debt Crisis

Political Will of Europe and America continues to flounder since Greece initial debt crisis 11:45 AM Posted by Donny Wise - EMPOWER4U   America refuses to restore fiscal sanity to finances of the federal government, and Europe does not have the resolve to resolve the debt contagion of it's nation states from spread across the continent. March 2010 was the first alarm of the debt risk in the near default of Greece on its public debt. The leaders of America and Europe was given a first test in political will, and the a measure of political will via a number score would be close to a zero as examiner of the first debt test. Greece did not resolve the dire situation of public debt burden in the Spring 2010, and Greece has flirted with the fringe of disaster via default threat and social unrest from implementation of austerity. Greece is the tiny explosion in monetary loss via a default, and the political will crisis of America and Europe is bringing the threat of fiscal … [Read more...]

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Breaking News: Greece debt swap passes, avoids default

March 8, 2012 By 2 Comments

Greece closes critical debt deal with creditors March 9, 2012 - 6:26AM Read later Ads by Google Debt Consolidation Online FreedomDebtRelief.com Owe $15,000 or more in debt? Resolve Debt in 24-48 months. Reasons to cheer ... A messy Greek default is now less likely. Photo: AFP Greece has reportedly taken another critical step in the fight to avoid a devastating default on its mountainous public debts after closing off a deal with private creditors. The deal, which required a minimum number of creditors to agree to accept losses on what Greece owes them, moves the nation closer to another $160 billion bailout package from the EU. Greek debt deal: How it works Before the final deadline passed for creditors to declare their interest in joining the deal, government officials said that more than 75 per cent of eligible bonds had already committed to the arrangement. Advertisement: Story continues … [Read more...]

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Greece Crisis is America’s (2010)

March 3, 2012 By 5 Comments
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EXAMINER: GREECE CRISIS Posted by donnywise | Posted in Consumer and Banking Analysis | Posted on 01-05-2010 The downgrade on Spain by Standard & Poors did spark immediacy into a reluctant Chancellor Merkel in being proactive on behalf of Germany and the European Union (EU) to engage the International Money Fund (IMF) in joint negotiations to develop a three-year financing plan of around $130 billion euros or $170 billion dollars to ease the fiscal crisis of Greece. The decisive measures are easing concerns on the imminent default by Greece. The negotiations are with many obstacles to derail the process as Chancellor Merkel is taking steps that are very unpopular in Germany to bailout a country that has been dishonest in reporting figures and statistics to gorge on debt until this crisis point. In addition, the austerity measures in the massive cuts in the budgetary expenses of Greece must be agreed under the IMF and EU stabilization plan. The citizens of Greece are … [Read more...]

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Bank of America: The trifecta of uncertainty in 2012

January 9, 2012 By 3 Comments
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The calendar year is now January 2012, and the new year brings opportunities for opportunities of the new year and reflection of the previous year, and Bank of America is an organization where reflections of 2011 and projections of 2012 have been in progress where before the stroke of midnight on New Year's. Bank of America is an entity that could probably declare 2011 a fundamental disaster and nightmare in every sense of the word as described in a recent article on The Motley Fool.  Bank of America would be an organization in the matters  of logic and rationale to welcome the New Year 2012 to leave behind the old and welcome the start of a new. The operative word is new, and Bank of America is the full embodiment of "Same Script, Different Cast"  where the old script is still in play but different  characters to play the parts. Bank of America continues to deepen the agony of the organization in the pre-crisis script of 2008 in a post crisis world and economy. The new year … [Read more...]

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Bank of America: Trifecta threat to bank in 2012

January 9, 2012 By 4 Comments
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Bank of America begins 2012 with multiple challenges, but the insurmountable threat may not be from a frustrated consumer who can use the power of the wallet to damage the banking giant. Bank of America is facing a triple threat in 2012 with each issue racing to a swift conclusion in the next twelve months. The time is nigh for Bank of America to address this triple threat. Bank of America will see 2012 as the year of the triple threat or the “Trifecta”. Please reference Bank of America: Trifecta threat looms for bank in 2012 on the Examiner.com/Consumer and Banking by 11am on 01/09/2012 for full story content and details. Definition of TRIFECTACourtesy of Merriam-Webster.com: a variation of the perfecta in which a bettor wins by selecting the first three finishers of a race in the correct order of finish: triple 1b trifecta : a platinum record, hit TV series, and an Oscar>Examples of TRIFECTA <that summertime trifecta for meteorologically induced misery: hazy, hot, … [Read more...]

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Britain stands at forefront in a potential Eurozone collapse

December 4, 2011 By Leave a Comment

Britain scrambles as the debt crisis worsens in Europe. Britain is one of ten countries that does not use the Euro for monetary currency exchange, but the demise of the Euro would have insurmountable impacts on Britain and the Island Kingdom. Britain’s fortunes are not easily decoupled from mainland Europe. History has seen aggressors of rival powers being the insurmountable threat, but this modern-day threat is economic as the collapse of the Euro would bring a harsh backlash to Britain. A debt contagion crisis to cripple government finances, 40% of British trade is with the Eurozone region, Foreign offices being overran by British citizens with no money and involved in civil disturbances, and a domestic banking system exposure in lieu of a European collapse. The unthinkable has become the thinkable in a potential total collapse of the Euro with global ramifications unimaginable as bank failures and civil unrest will be unprecedented in the history of humanity. Britain has … [Read more...]

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