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22.09.26 - 08:48
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Germany′s Debt King Merz Gets a Greek Lesson in Fiscal Policy (ZeroHedge)
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Germany's Debt King Merz Gets a Greek Lesson in Fiscal Policy
Submitted by Thomas Kolbe
Revenge is sweet. It tastes all the sweeter the longer one has had to wait for it to arrive, and the deeper the pain of the humiliation that preceded it.
Some may still have the images of the great debt crisis of a decade and a half ago before their eyes: German politicians, led by then-Finance Minister Wolfgang Schäuble, traveled to Athens at regular intervals to make sure everything was in order. Greece, the supposed sinner of the debt crisis, had gone off the rails, accumulated too much debt and was quickly made the scapegoat for the financial-market and sovereign-debt crisis. It was convenient - because it diverted attention from Germany's own failures.
That someone had apparently left a score to settle was made clear by Greek Finance Minister Kyriakos Pierrakakis in an interview with Handelsblatt on Monday. When the conversation turned to the debt question, Pierrakakis, who also serves as president ...
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21.09.26 - 07:51
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Scope erhöht Griechenland-Rating um eine Stufe auf BBB+ (Dow Jones)
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DOW JONES--Die Ratingagentur Scope hat die Kreditwürdigkeit Griechenlands von BBB auf BBB+ heraufgestuft und den Ausblick auf stabil geändert. Hauptgründe für die bessere Note seien der zügige Abbau der Staatsverschuldung, solide Primärüberschüsse sowie ......
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16.09.26 - 12:51
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Greece Wants To Become Europe′s Next Hedge Fund Hub (ZeroHedge)
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Greece Wants To Become Europe's Next Hedge Fund Hub
Athens is emerging as an unlikely contender in the competition for Europe's hedge fund money, with Greece using favorable tax treatment, an improving economy and Mediterranean living to attract financiers looking beyond London and other established financial centers, according to Bloomberg.
That campaign has already produced some notable converts. Millennium Management has established an operation in Athens, while billionaire hedge fund manager Chris Rokos is heading to Greece after deciding to leave Britain. Greek officials are betting that attracting firms of that caliber will make it easier to persuade smaller funds and finance professionals to follow.
It is a striking development for a country that spent much of the previous decade synonymous with sovereign debt problems and economic instability. Greece has since repaired its public finances, regained investment-grade credit ratings and posted stronger economic growth than much of Europ...
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