FROM THE TELEGRAPH, a backgrounder on the Greek Crisis.
In a speech today, Atlanta Fed President Dennis Lockhart revealed three ways the (surprisingly) still ongoing Greek crisis could hurt the US: I see three ways the Greek crisis might directly affect the U.S. economy. First, adjustmen... Read Post
From The Telegraph: Flow data shows an abrupt withdrawal of German and Asian capital from Club Med debt markets. The EU's refusal to offer Greece anything beyond stern words and a one-month deadline for harsher austerity – while adm... Read Post
From The Telegraph: Eurosceptics should resist any Schadenfreude over the unfolding EMU drama in Greece. (Not to mention the huge exposure of British banks to Club Med). The Greek crisis is a dress rehearsal for attacks on any sover... Read Post