http://www.nytimes.com/interactive/2010/05/02/weekinreview/02marsh.html
It’s Not About Greece Anymore - Economix Blog Louisa Gouliamaki/Agence France-Presse — Getty Images Protesters at the Acropolis in Athens waved flags and hung banners in front of the Parthenon. Peter Boone is chairman of the charity Effective Intervention and a research associate at the Center for Economic Performance at the London School of Economics. He is also a principal in Salute Capital Management Ltd. Geopolitics. Cross-culture awareness and competence, Steven Matejovsky,ISIT Key words: steven matejovsky, cross-culture awareness and competence, erasmus, institut supérieur d'interprétation et de traduction, isit, institut catholique de paris, icp, ambiguity, appropriate response, arbitrary, artefacts, assumptions, attribution, awareness, beliefs, chronemics, communicative competence, context, convergence, cross-culture, culture, decode, divergence, encode, ethnocentric, expected behaviour, haptics, iceberg, individual preference, intent, filter, kinesics, no avoidance culture, oculesics, olfactics, norm, parochial, perception, perceptual patterns, prejudices, proxemics, relationship, semiotics, stereotypes, universalistic, value, vocalics, yes avoidance culture. Developing Cross Culture Awareness This article is the result of a workshop designed for students participating in the Erasmus student exchange programme. Workshop objectives Increase positive attitudes toward people of other cultures. Introduction
Reuters Breakingviews - The Long Reach of a Foreign Crisis - NYT Ramin Talaie/Bloomberg News “Nude, Green Leaves and Bust,” by Picasso, sold Tuesday for $106.5 million. American investors got a sampling this week of what further deterioration in the euro zone could taste like. On the good side, investors rushed into perceived harbors: and Uncle Sam’s own debt. On the bad side, the swoon in prices of American shares and corporate debt indicated the long reach of a foreign crisis. Access World Bank Data So. You're looking for the World Bank's data. Here are the top 5 ways I access it, what are yours? 1) data.worldbank.org Greece's sovereign-debt crunch: A very European crisis Illustration by Robert Venables SOME would say that tragedy was inevitable from the moment, nine years ago last month, when Greece was admitted to the euro zone. Others would claim that woe was sure to befall such a disparate currency union sooner or later: if not Greece, then some other weak member of the club would have been the cause. Avoidable or not, trouble has arrived. At best, Greece has to undergo a dramatic budgetary tightening. Its fellow Europeans, or the IMF, may yet have to organise a humiliating bail-out.
2010 European sovereign debt crisis - Wikipedia, the free encycl Long-term interest rates (secondary market yields of government bonds with maturities of close to ten years) of all eurozone countries except Estonia.[1] A yield being more than 4% higher compared to the lowest comparable yield among the Eurozone states—i.e., yields above 6% in September 2011, indicates that financial markets have serious doubts about credit-worthiness of the state.[2] The Eurozone crisis (often erroneously referred to as the Euro crisis) is an ongoing crisis that has been affecting the countries of the Eurozone since early 2009, when a group of 10 central and eastern European banks asked for a bailout.[3] At the time, the European Commission released a forecast of a 1.8 per cent decline in EU economic output for 2009.[3] The ECB extended liquidity support to Hungary and Poland, while the EU contributed to Latvia's bail-out.[3] One researcher has held that this was a combined government debt crisis, a banking crisis and a growth and competitiveness crisis.[4]
Yes, Virginia. There is a Difference Between Greece and the US » If we learn the wrong lessons from Greece, our social safety net may wind up in tatters. Many market analysts, commentators and economists claim to be having a hard time finding a metric in which the US is in better financial shape than Greece. Ken Rogoff, for example, recently warned that a Greek default would usher in a series of sovereign defaults, and suggested recently on NPR that the crisis also had implications for the US. The historian Niall Ferguson made a similar claim a few months ago in the Financial Times. The cries of the deficit hawks grow louder: Repent all ye fiscal profligates, before the "day of reckoning" comes.
More Answers on Europe’s Debt Crisis - Economix Blog - NYTimes.c Our panel of economists is back with another installment of answers to your questions about the Greek debt crisis and its repercussions. The panelists are Simon Johnson, the former chief economist at the International Monetary Fund, an author of “13 Bankers: The Wall Street Takeover and the Next Financial Meltdown,” and a Daily Economist here at Economix; Carmen M. Reinhart, an economic historian at the University of Maryland whose recent book, “This Time Is Different,” chronicles 800 years’ worth of debt crises and sovereign defaults; and Yves Smith, the financial analyst behind the “Naked Capitalism” blog and “ECONned,” who heads Aurora Advisors, a management consulting firm specializing in corporate finance advisory and financial services. The initial set of answers appeared on Monday.
Euro Crisis Recalls Russia’s 1998 Monetary Meltdown - NYTimes.co A decade ago Russia was walking in the same shoes as Greece is today, striving to restore confidence in government bonds by seeking a huge loan from the and other lenders. Then, as now, the debt crisis was roiling global financial markets. And hopes were pinned on a bailout — one that in Russia’s case did not work. “Greece creates a remarkable sense of déjà vu,” Roland Nash, the head of research for Renaissance Capital investment bank in Moscow, wrote in a recent note to investors. The 1998 bailout designed for Russia, in the form of a rescue package offered by the International Monetary Fund, had the effect of forestalling but not preventing Russia’s defaulting on its foreign debt. During the month between the announced rescue and that default, Russian and Western banks frantically cashed out of short-term debt as it matured, changed the rubles into dollars and spirited the money out of Russia.
Elaborating on this theme, this post shows at a high level why the Greek issues have ripple effects on the other side of tthe world - in fact in all countries will low deposits and savings... by xavier_ May 7
In any case the euro zone is at a cross road. This crisis shows that it should either integrate further eco policies or... by wallen May 6
Difficult to say. The drama for Greece is that it can't depreciate neither leave the euro and default would not help that much (they still have 8-10% primary deficit). Germany and France have ok level of debt (at least for now). More importantly they are more "protected" than Greece because if they were in danger the ECB would depreciate the euro thus giving some breading space. Actually, if Italy or Spain enter the dance that's maybe what the ECB will do. by wallen May 6
True, and with economies like Germany and France in the mix, how is the ECB supposed to respond to current levels of sovereign debt? by jeason May 6
In a way it's normal, that's EU integration at work... but it shows the domino effect if one of them defaults. by wallen May 5