EMerging Equity
Alexis Tsipras
Crisis In Athens Enters New Chapter As Greece Becomes First Developed Nation To Default On Debt
Greece has become the first developed nation to default of its international debt obligations as the International Monetary Fund (IMF) confirmed on Tuesday night that it did not receive the €1.55 billion ($1.73 billion) payment from Athens that was due by the end of June 30, Brussels time. The Crisis in Greece has entered a new chapter … Continue reading
A Tremendous Financial Devastation Is Taking Place Globally: Here Are 16 Facts
By Michael Snyder As we enter the second half of 2015, financial panic has gripped most of the globe. Stock prices are crashing in China, in Europe and in the United States. Greece is on the verge of a historic default, and now Puerto Rico and Ukraine are both threatening to default on their debts … Continue reading
85% Grexit Odds With ‘Massive’ Contraction, Ex-PIMCO CEO El-Erian Says
According to former CEO of PIMCO, Mohamed El-Erian, Greece is heading for a “massive economic contraction” and will likely be forced out of the euro zone. On Sunday, Greece imposed capital controls, shut its banks, and closed its stock markets until further notice to avert a collapse of its financial system following Greek Prime Minister Alexis Tsipras’s shock announcement late … Continue reading
Greek Crisis Deepens As Govt Introduces Capital Controls; Banks, Athens Exchange Said To Be Closed For The Week
The crisis in Greece is deepening as the government announced that it will roll out capital controls in addition to closing its banks and the Athens Stock Exchange on Monday after creditors refused to extend the country’s bailout and savers flock to ATM’s to withdraw cash, Reuters reports. Athens’ standoff with the European Union (EU) and the International Monetary Fund (IMF) heads to a dangerous … Continue reading
Sanctions, And The Birth Of A New Russia
By F. William Engdahl I want to share my impressions from a recent visit to St. Petersburg where I was invited to speak on a panel titled “Never Let a Good Crisis Go to Waste.” The title is another version of the old Chinese proverb, “A crisis also presents new opportunities.” This is what is emerging … Continue reading
Greece – The Way Out: Troika Involved In “Financial Terrorism”, “Economic Waterboarding” – OpEd
By Peter Koenig What the troika is doing to Greece these days is the pinnacle of financial terrorism. It is economic waterboarding. It is blackmailing of the first degree. These people are neoliberal fascists, putting the Greek government before a dilemma – ‘either you present us with an acceptable list of austerities, or we will … Continue reading
The EU, The Grexit, And Market Failure
By Daniel Wagner, CEO of Country Risk Solutions Responsibility for Greece’s and the EU’s current dilemma rests with all parties – Greece, the ECB, and the banks. But each party is so busy pointing fingers at everyone else they appear to have lost any sense of introspection (if they ever had it to begin with). It … Continue reading
Greece And Russia Sign Deal On Turkish Stream In The Mist Of The Greek Debt Crisis
On June 2nd, EMerging Equity reported that Greece was planning to sign a document on political support for Gazprom’s Turkish Stream project at the St. Petersburg International Economic Forum. Surprisingly, while struggling with its debt, Greece wanted to allocate $2 billion to support its construction. And … it happened. Russia and Greece have signed a deal to create a joint enterprise for construction … Continue reading
Greece To Invest $2 Billion In Turkish Stream
Greece plans to sign a document on political support for Gazprom’s Turkish Stream project at the St. Petersburg International Economic Forum in June, its Energy Minister announced on Monday. The country plans to invest $2 billion in its construction. A memorandum on political support for the gas pipeline project will be prepared by June 18-20, … Continue reading
As Greece Teeters On The Brink: Could Cash From Bank Accounts Get Confiscated, Similar To That Of Cyprus?
By Michael Snyder Do you remember what happened when Cyprus decided to defy the EU? In the end, the entire banking system of the nation collapsed and money was confiscated from private bank accounts. Well, the nation of Greece is now approaching a similar endgame. At this point, the Greek government has not received any … Continue reading
