• 138 days Could Crypto Overtake Traditional Investment?
  • 143 days Americans Still Quitting Jobs At Record Pace
  • 145 days FinTech Startups Tapping VC Money for ‘Immigrant Banking’
  • 148 days Is The Dollar Too Strong?
  • 148 days Big Tech Disappoints Investors on Earnings Calls
  • 149 days Fear And Celebration On Twitter as Musk Takes The Reins
  • 151 days China Is Quietly Trying To Distance Itself From Russia
  • 151 days Tech and Internet Giants’ Earnings In Focus After Netflix’s Stinker
  • 155 days Crypto Investors Won Big In 2021
  • 155 days The ‘Metaverse’ Economy Could be Worth $13 Trillion By 2030
  • 156 days Food Prices Are Skyrocketing As Putin’s War Persists
  • 158 days Pentagon Resignations Illustrate Our ‘Commercial’ Defense Dilemma
  • 159 days US Banks Shrug off Nearly $15 Billion In Russian Write-Offs
  • 162 days Cannabis Stocks in Holding Pattern Despite Positive Momentum
  • 163 days Is Musk A Bastion Of Free Speech Or Will His Absolutist Stance Backfire?
  • 163 days Two ETFs That Could Hedge Against Extreme Market Volatility
  • 165 days Are NFTs About To Take Over Gaming?
  • 166 days Europe’s Economy Is On The Brink As Putin’s War Escalates
  • 169 days What’s Causing Inflation In The United States?
  • 170 days Intel Joins Russian Exodus as Chip Shortage Digs In
Ian Campbell

Ian Campbell

Through his www.BusinessTransitionSimplified.com website and his Business Transition & Valuation Review newsletter Ian R. Campbell shares his perspectives on business transition, business valuation and world…

Contact Author

  1. Home
  2. Markets
  3. Other

Update on Greece

Yesterday German Finance Minister Woofgang Schaeuble is reported as having said that:

  • Greece would not default; and,

  • if Greece exited the Eurozone it would be negative to both Greece and the Eurozone.

An article published Saturday reported that:

  • Greek Prime Minister Antonis Samaras said he expects Greece, the European Union and the International Monetary Fund to "bridge their differences on how to cut (Greece's) debt" before this coming Thursday (October 18), the first of a two day European Summit meeting. Watch carefully to see if this timeline is met, because if it isn't that may prove to be a 'red flag' signaling negative things to come; and,

  • Athens has said Greece will "run out of money by the end of November if it doesn't receive the 31.5 billion euro 'next tranche of loans' that it expects in exchange for a new set of spending cuts and reforms.

Greece, based on the size of financial support that likely will be required in the end, almost certainly can be supported by Eurozone partners. Spain is much larger than Greece, and may prove to be a horse of a different colour.

Topical Reference: German finance minister says Greece will not default, from Fox Business, from Reuters, Gernot Heller, October 14, 2012 - reading time 1 minute. Also see Greek PM sees austerity deal by October 18 summit, from Fox Business, from Reuters, Harry Papachristou, October 13, 2012 - reading time 2 minutes.


Back to homepage

Leave a comment

Leave a comment