Dayhoff Soundtrack: World Europe Greece

Showing posts with label World Europe Greece. Show all posts

Sunday, January 13, 2013

January 12, 2013 Saturday’s Demonstrations in Athens Greece

By Kevin E. Dayhoff in Athens, Greece, January 12, 2013 - - Demonstrators once again took to the streets in central Athens Saturday afternoon, in a long series of strikes, demonstrations and acts of civil disobedience that have rocked Greece since shortly after a world wide economic downturn officially got underway in December 2007....

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Meanwhile last Saturday began with signs posted in the Metro read, “Notice to Passengers. On Saturday 12/1/13, stations, Penepistimio, Syntagma, will remain closed from 10:00 for safety reason…”

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On Saturday, this writer witnessed more than 5,000 or 6,000 demonstrators marching past the National Archaeological Museum, in a dense, well-organized and loud processional that chanted a Greek chorus of anti-government slogans in a carefully choreographed cat and mouse theatrical routine with a full accompaniment of motorcycle police and a phalanx of paramilitary shock riot-police.

Other news accounts reported the crowds from as many as 15,000 or 10,000 to 3,500 participants. Although there was tension in the air, the demonstration, reportedly organized by SYRIZA in response to the detentions earlier in the week; filed past the National Archaeological Museum peacefully. It is reported to have proceeded from the Propylaea of Athens University and packed Patision Street on its way to the courthouse of Evelpidon.

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Thursday, December 13, 2012

Kevin Dayhoff - Soundtrack: Eurozone Crisis: The Economist: Argentina’s debt d...

Kevin Dayhoff - Soundtrack: Eurozone Crisis: The Economist: Argentina’s debt d...:

The Economist: Argentina’s debt default Gauchos and gadflies

I’ve read it several times and gain more insights every time I read it…

Creditors’ decade-long battle with Argentina shows just how tangled sovereign defaults can be Oct 22nd 2011 NEW YORKhttp://www.economist.com/node/21533453

AS GREECE flirts with disaster and several other European countries buckle under heavy debts, creditors’ experience with Argentina should serve as a sobering reminder about the mess that can follow a sovereign default. A decade after the Latin American country welshed on $81 billion, disgruntled creditors are still chasing their money. The litigation, and Argentina’s defiance in the face of judgments against it, complicate its plans to return to international capital markets....

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20121213 Articles on the eurozone crisis, sovereign debt crisis, Argentina, Italy, - and Greece in particular: http://kevindayhoff.blogspot.com/2012/12/articles-on-eurozone-crisis-sovereign.html

Άρθρα σχετικά με την κρίση στην ευρωζώνη, κρίση δημόσιου χρέους, την Αργεντινή, την Ιταλία, - και ειδικότερα την Ελλάδα - Articles on the eurozone crisis, sovereign debt crisis, Argentina, Italy, - and Greece in particular: http://kevindayhoff.blogspot.com/search/label/Bus%20Econ%20eurozone on www.kevindayhoff.net Kevin Dayhoff – Soundtrack

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20121213 Articles on the eurozone crisis, sovereign debt crisis, Argentina, Italy, - and Greece in particular: http://kevindayhoff.blogspot.com/2012/12/articles-on-eurozone-crisis-sovereign.html

20121205 Why Greece Matters by Kevin E. Dayhoff http://kevindayhoff.blogspot.com/2012/12/why-greece-matters-by-kevin-e-dayhoff.html

20121202 Rick Steves: June 11, 2012 “Greece in Economic Crisis and Your Travel Dreams” Retrieved December 2, 2012 http://kevindayhoff.blogspot.com/2012/12/rick-steves-greece-in-economic-crisis.html

20111027 BBC - Timeline: The unfolding eurozone crisis http://kevindayhoff.blogspot.com/2011/11/bbc-timeline-unfolding-eurozone-crisis.html

20111022 Eurozone Crisis: The Economist: Argentina’s debt default Gauchos and gadflies http://kevindayhoff.blogspot.com/2012/02/economist-argentinas-debt-default.html

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www.kevindayhoff.net Kevin Dayhoff – Soundtrack

Eurozone Crisis - Bus Econ eurozone

Labels: 20130100 Greece, Business Economics, Bus Econ eurozone, Bus Econ sovereign debt, World Europe, World Europe Greece, World Europe Italy, People Berlusconi Silvio, World So America Argentina

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Γιατί Ελλάδα Θέματα από τον Kevin Ε. Dayhoff 5 Δεκεμβρίου του 2012

20121202 In Greek Why Greece Matters by Kevin E. Dayhoff

Γιατί Ελλάδα Θέματα από τον Kevin Ε. Dayhoff 5 Δεκεμβρίου του 2012

TheTentacle.com http://tinyurl.com/dxxwya5

Δεδομένου ότι η παγκόσμια οικονομική ύφεση εισέρχεται έκτο χρόνο της, και «δημοσιονομική γκρεμό», η λεγόμενη αποκαλυπτική δεσπόζει στις ΗΠΑ, η ελληνική χορωδία επαναλαμβάνει σε αυτή την παγκόσμια οικονομική όπερα-έπαιξε από ένα all-πολύ γνωστό ρεφραίν την περασμένη Παρασκευή, όταν η γερμανική Bundestag εγκριθεί περισσότερα κεφάλαια διάσωσης για την Ελλάδα.

Ναι, Ελλάδα - ότι η μικρή χώρα των περίπου 11 εκατομμυρίων ανθρώπων στο ανατολικό τμήμα της Μεσογείου, ανάμεσα στην Ιταλία και την Τουρκία, με μόλις δύο τοις εκατό του συνολικού Ακαθάριστου Εγχώριου Προϊόντος της Ευρώπης, και άξια ανταγωνίζεται με την Αργεντινή και τις ΗΠΑ να κερδίσουν πάνω από 100 τοις εκατό του παγκόσμιου, του καθενός χρόνια, η οικονομική ημικρανία.

Θυμηθείτε, δεν ήταν πολύ καιρό μετά την Μεγάλη Ύφεση πήρε επίσημα ξεκινήσει το Δεκέμβριο του 2007, όταν άρχισαν να rumblings να ακούσει ότι η Ελλάδα ήταν τεχνικά σε πτώχευση.

"Η Ελλάδα ξεκίνησε την κρίση το 2009 με την εισδοχή το έλλειμμα του προϋπολογισμού θα είναι 12,9% του ΑΕΠ, πάνω από τέσσερις φορές της ΕΕ όριο του 3%», σύμφωνα με ένα άρθρο που γράφτηκε για About.com από την Kimberly Amado.

Πάνω από τα πολλά χρόνια από τότε που Ελλάδα εισήχθη για πρώτη φορά στην Ευρωπαϊκή Ένωση το 1981, και ιδιαίτερα μετά το 2001, όταν εντάχθηκε στην ευρωζώνη? Ο ιστορικός γη της μυθολογίας, αρχαίου πολιτισμού, και την γενέτειρα των Ολυμπιακών Αγώνων, έχει ζήσει τεράστια, πολύ πέρα από τα μέσα της και ταλαντεύτηκε προς αθέτησης των δανείων της και οικονομικό χάος για πάνω από τέσσερα χρόνια.

Πέστε ότι δεν είναι έτσι. Η Ελλάδα είναι η ουσία της αρχαίας λαϊκές παραδόσεις, οι αρχές της δημοκρατίας και της δυτικής φιλοσοφίας με μια τεκμηριωμένη ιστορία που χρονολογείται από τον 3ο αιώνα π.Χ., με ένα σύγχρονο, υψηλό βιοτικό επίπεδο, ότι το περιοδικό The Economist, εξίσου υψηλή θέση ως 22η στον κόσμο, όπως πρόσφατα ως 2005 ...

http://kevindayhoffwestgov-net.blogspot.com/2012/12/why-greece-matters-by-kevin-e-dayhoff.html

Labels: 20130100 Greece, Bus Econ eurozone, Business Economics, Dayhoff Media The Tentacle, World Europe Greece

Ετικέτες: 20130100 Ελλάδα, λεωφορείων Econ ευρωζώνη, Οικονομική των Επιχειρήσεων, Dayhoff Media Η πλοκάμια, Κόσμος Ευρώπη Ελλάδα

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Why Greece Matters by Kevin E. Dayhoff December 5, 2012

TheTentacle.com http://tinyurl.com/dxxwya5

As the global financial recession enters its sixth year, and the so-called apocalyptic ‘fiscal cliff’ looms large in the U.S., the repeating Greek chorus in this global economic opera played-out an all-too familiar refrain last Friday when the German Bundestag approved more bailout funds for Greece.

Yes, Greece – that tiny country of approximately 11 million people in the eastern portion of the Mediterranean between Italy and Turkey, with barely two-percent of the entire Gross Domestic Product of Europe, and capably competes with Argentina and the U.S. to command over 100 percent of everyone’s global, chronic, economic migraine headache.

Remember, it was not long after the Great Recession officially got underway in December 2007, when rumblings started to be heard that Greece was technically bankrupt.

“Greece kicked off the crisis in 2009 by admitting its budget deficit would be 12.9% of GDP, more than four times the EU's 3% limit,” according to an article written for About.com by Kimberly Amado.

Over the many years since Greece was first admitted into the European Union in 1981, and especially since 2001 when it joined the eurozone; the storied land of mythology, ancient civilization, and the birthplace of the Olympics, has lived huge, way beyond its means and lurched toward defaulting on its loans and economic chaos for over four years.

Say it ain’t so. Greece is the stuff of ancient lore, the beginnings of democracy and western philosophy with a documented history that dates back to the 3rd century BC, with a modern, high standard of living that The Economist ranked as high as 22nd in the world as recently as 2005…

http://kevindayhoffwestgov-net.blogspot.com/2012/12/why-greece-matters-by-kevin-e-dayhoff.html

Labels: 20130100 Greece, Bus Econ eurozone, Business Economics, Dayhoff Media The Tentacle, World Europe Greece

[20121202 seo In Greek Why Greece Matters by Kevin E. Dayhoff -

20121205 seo Why Greece Matters]

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20121213 Articles on the eurozone crisis, sovereign debt crisis, Argentina, Italy, - and Greece in particular: http://kevindayhoff.blogspot.com/2012/12/articles-on-eurozone-crisis-sovereign.html

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20121213 Articles on the eurozone crisis, sovereign debt crisis, Argentina, Italy, - and Greece in particular: http://kevindayhoff.blogspot.com/2012/12/articles-on-eurozone-crisis-sovereign.html

20121205 Why Greece Matters by Kevin E. Dayhoff http://kevindayhoff.blogspot.com/2012/12/why-greece-matters-by-kevin-e-dayhoff.html

20111027 BBC - Timeline: The unfolding eurozone crisis http://kevindayhoff.blogspot.com/2011/11/bbc-timeline-unfolding-eurozone-crisis.html

20111022 Eurozone Crisis: The Economist: Argentina’s debt default Gauchos and gadflies http://kevindayhoff.blogspot.com/2012/02/economist-argentinas-debt-default.html

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www.kevindayhoff.net Kevin Dayhoff – Soundtrack

Eurozone Crisis - Bus Econ eurozone

Labels: 20130100 Greece, Business Economics, Bus Econ eurozone, Bus Econ sovereign debt, World Europe, World Europe Greece, World Europe Italy, People Berlusconi Silvio, World So America Argentina

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Articles on the eurozone crisis, sovereign debt crisis, Argentina, Italy, - and Greece in particular:

20121205 Why Greece Matters by Kevin E. Dayhoff http://kevindayhoff.blogspot.com/2012/12/why-greece-matters-by-kevin-e-dayhoff.html

20111027 BBC - Timeline: The unfolding eurozone crisis http://kevindayhoff.blogspot.com/2011/11/bbc-timeline-unfolding-eurozone-crisis.html

20111022 Eurozone Crisis: The Economist: Argentina’s debt default Gauchos and gadflies http://kevindayhoff.blogspot.com/2012/02/economist-argentinas-debt-default.html

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www.kevindayhoff.net Kevin Dayhoff – Soundtrack

Eurozone Crisis - Bus Econ eurozone

Labels: 20130100 Greece, Business Economics, Bus Econ eurozone, Bus Econ sovereign debt, World Europe, World Europe Greece, World Europe Italy, People Berlusconi Silvio,

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Tuesday, December 11, 2012

Eurozone Crisis: Why Greece Matters by Kevin E. Dayhoff

Why Greece Matters by Kevin E. Dayhoff December 5, 2012 TheTentacle.com http://tinyurl.com/dxxwya5

http://www.thetentacle.com/ShowArticle.cfm?mydocid=5502

Remember, it was not long after the Great Recession officially got underway in December 2007, when rumblings started to be heard that Greece was technically bankrupt.

Say it ain’t so. Greece is the stuff of ancient lore, the beginnings of democracy and western philosophy with a documented history that dates back to the 3^rd century BC, with a modern, high standard of living that The Economist ranked as high as 22^nd in the world as recently as 2005… http://www.thetentacle.com/ShowArticle.cfm?mydocid=5502

http://kevindayhoffwestgov-net.blogspot.com/2012/12/why-greece-matters-by-kevin-e-dayhoff.html

Labels: 20130100 Greece, Bus Econ eurozone, Business Economics, Dayhoff Media The Tentacle, World Europe Greece

20121205 seo Why Greece Matters

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Kevin Dayhoff is an artist - and a columnist for:

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My http://www.explorecarroll.com/ columns appear in the copy of the Baltimore Sunday Sun that is distributed in Carroll County: https://subscribe.baltsun.com/Circulation/
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Tuesday, December 04, 2012

Rick Steves: Greece in Economic Crisis and Your Travel Dreams

Rick Steves checking out the impact of the economic crisis in Greece

June 11, 2012 http://blog.ricksteves.com/?p=7675 Retrieved December 2, 2012

With all the news about Greece’s economic problems, people are wondering whether it’s a good time to go there or not. I’ve surveyed my Tour Department and our Greek guides who live and work in Greece, and here’s my report…

[…] http://blog.ricksteves.com/?p=7675

My guides report that our Greece tours so far this spring have been as smooth and fun as ever — virtually unaffected by the local political and economic events

[…]http://blog.ricksteves.com/?p=7675

The big concern among the hotels and restaurants we use in Greece is whether they’ll be able to survive the downturn in tourism as many postpone their travels there, fearing “instability.” And many sights are running on their shorter winter schedules for lack of money to staff the longer summer hours.

[…]http://blog.ricksteves.com/?p=7675

… First and foremost, Greece is a safe place to visit. In fact, it’s a good time to visit because you will be made especially welcome. Tourism is Greece’s heavy industry and its leading employer.

It seems to me that US media coverage of Greece has been nothing less than hysterical — just plain silly at times, and woefully lacking in analysis. Greeks are emotional people, and they are given to outbursts of anger — as well as outbursts of joy. Their bad governments in recent times have given them plenty of reasons to be angry. The scenes in Syntagma, the big square immediately in front of the Greek parliament building, are a symptom of this — and act as a release valve. These scenes occur only when the parliament is voting on the hated austerity measures. When you see riots on TV, they are generally the work of a group of anarchists who are limited to Syntagma and know how to get on the news.

The big debate politically is austerity (from the right) versus no austerity (from the left). Until this all sorts itself out, I would recommend that travelers do not wear “Angela Merkel” masks. Regardless of how the debate turns out, and who emerges as the new government, Greeks of all political stripes will take care of tourism, so vital to its struggling economy. The Greeks, a welcoming people at any time, will be doubly appreciative of any visitors in these difficult circumstances.

The main impact on travelers as Greece struggles through this period will be: shorter hours of sights; intermittent strikes; and friends and loved ones back home wondering if Americans traveling in Greece are okay… http://blog.ricksteves.com/?p=7675

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Sunday, November 11, 2012

Greece backs tough austerity budget

News Alert

11 November 2012

Keyword(s): "International Monetary Fund"
Frequency: Immediately

November 11, 11:27pm

Greece backs tough austerity budget

The Greek parliament approved a tough austerity budget on Sunday night by a comfortable majority, meeting conditions set by international lenders for making a much-delayed €31.5bn aid payment.

http://www.ft.com/cms/s/b3a734e2-2c55-11e2-a91d-00144feabdc0.html

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Monday, February 27, 2012

Greece Ratings Cut to Selective Default by S&P

Financial Times February 27 S&P puts Greece in selective default

S&P on Monday night declared that Greece was in selective default on its long and short-term ratings, pointing to the terms of the sovereign debt deal offered to private bondholders last week. http://www.ft.com/cms/s/9dffdd30-6147-11e1-a738-00144feabdc0.html

More: https://www.google.com/webhp?sourceid=chrome-instant&ix=seb&ie=UTF-8&ion=1#hl=en&output=search&sclient=psy-ab&q=Greece%20in%20selective%20default&pbx=1&oq=&aq=&aqi=&aql=&gs_sm=&gs_upl=&fp=8fffa4365236a613&ix=seb&ion=1&bav=on.2,or.r_gc.r_pw.r_cp.r_qf.,cf.osb&biw=1199&bih=625

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Greece Ratings Cut to Selective Default by Standard and Poor
http://www.bloomberg.com/news/2012-02-27/greece-ratings-cut-to-selective-default-by-s-p.html

By Greg Chang - Feb 27, 2012 4:36 PM ET

Greece had its long-term sovereign credit ratings cut to selective default from CC by Standard & Poor’s Ratings Services, which cited an action by Greece’s government regarding its sovereign debt that began a “distressed debt restructuring.”

The downgrade was triggered after Greece retroactively inserted collective action clauses in the documentation of certain sovereign debt series last week, according to S&P.

Greece Ratings Cut to Selective Default by Standard and Poor

Greece Ratings Cut to Selective Default by S&P

Orestis Panagiotou/Landov

The Stock Exchange in Athens on Feb. 21, 2012.

http://www.bloomberg.com/news/2012-02-27/greece-ratings-cut-to-selective-default-by-s-p.html

Canadian Dollar Trades Within Half-Cent of Parity for Fourth Straight Day

Treasuries Rise After Group of 20, Pushing 10-Year Yields to One-Week Low

Buffett: Energy Future Bet at Risk of Losing Value

Bank of America Mortgage Bond Settlement Returned to N.Y. State Court

Friday, February 10, 2012

The New Athenian: Decision Day

The New Athenian: Decision Day: Greece's governing coalition is to meet today to sign off on an austerity and reform package they must approve to get a 130 billion euro ($...

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The New Athenian: Greece's Moment of Truth

The New Athenian: Greece's Moment of Truth: A version of this post aired this morning on The Rundown , PBS NewsHour's blog. The Greek government declared on Saturday that it had rea... http://www.thenewathenian.com/2012/02/greeces-moment-of-truth.html

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Google profile: https://profiles.google.com/kevindayhoff/ “Each one should use whatever gift he has received to serve others, faithfully administering God’s grace in its various forms.” 1 Peter 4:10

Thursday, February 09, 2012

European Central Bank in a fix over Greek debt by Joseph Stiglitz

European Central Bank in a fix over Greek debt by Joseph Stiglitz Monday 6 February 2012 The Guardian Article history Comments (13)

This article ties-in neatly with The Economist: Argentina’s debt default Gauchos and gadflies http://kevindayhoff.blogspot.com/2012/02/economist-argentinas-debt-default.html I’ve read it several times and gain more insights every time I read it…

Creditors’ decade-long battle with Argentina shows just how tangled sovereign defaults can be Oct 22nd 2011 NEW YORK http://www.economist.com/node/21533453

Also see: Eurozone Crisis: It is all Greek to me! by Kevin E. Dayhoff February 8, 2012

http://kevindayhoff.blogspot.com/2012/02/eurozone-crisis-it-is-all-greek-to-me.html

http://www.thetentacle.com/ShowArticle.cfm?mydocid=4907

http://www.thetentacle.com/author.cfm?MyAuthor=41

Argentina’s default, after a severe economic crisis, sparked social unrest and runs on banks. It subsequently presented creditors with a take-it-or-leave-it offer of 35 cents on the dollar. They considered this derisory: previously, delinquent countries had typically paid 50-60 cents. But the government stood firm and roughly three-quarters of the bondholders took part in a debt exchange in 2005. More joined in 2010, bringing the total to 93%... http://www.economist.com/node/21533453

In this section Hitting the kerb Darkness visible Europe’s new dress code Slow finance Unrest in peace

Government and politics Public finance

http://www.economist.com/node/21533453

The ECB may be putting the interests of the few banks that have written credit-default swaps before those of Greece, Europe's taxpayers, and creditors

http://www.guardian.co.uk/business/economics-blog/2012/feb/06/european-central-bank-greek-debt

Nothing illustrates better the political crosscurrents, special interests, and shortsighted economics now at play in Europe than the debate over the restructuring of Greece's sovereign debt. Germany insists on a deep restructuring – at least a 50% "haircut" for bondholders – whereas the European Central Bank insists that any debt restructuring must be voluntary.

In the old days – think of the 1980s Latin American debt crisis – one could get creditors, mostly large banks, in a small room, and hammer out a deal, aided by some cajoling, or even arm-twisting, by governments and regulators eager for things to go smoothly. But, with the advent of debt securitisation, creditors have become far more numerous, and include hedge funds and other investors over whom regulators and governments have little sway.

Moreover, "innovation" in financial markets has made it possible for securities owners to be insured, meaning that they have a seat at the table, but no "skin in the game". They do have interests: they want to collect on their insurance, and that means that the restructuring must be a "credit event" – tantamount to a default. The ECB's insistence on "voluntary" restructuring – that is, avoidance of a credit event – has placed the two sides at loggerheads. The irony is that the regulators have allowed the creation of this dysfunctional system… http://www.guardian.co.uk/business/economics-blog/2012/feb/06/european-central-bank-greek-debt

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Also see: Eurozone Crisis: It is all Greek to me! by Kevin E. Dayhoff February 8, 2012

http://kevindayhoff.blogspot.com/2012/02/eurozone-crisis-it-is-all-greek-to-me.html

http://www.thetentacle.com/ShowArticle.cfm?mydocid=4907

http://www.thetentacle.com/author.cfm?MyAuthor=41

Now that the Super Bowl is over there may be no better time to focus some attention on the continuing Greek tragedy that is unfolding over in the economic Twilight Zone, known as the Eurozone.

There is a growing sense that Americans, somewhat exhausted after a decade of foreign wars and international conflict, have grown increasingly isolationist in their worldview.

That may be a good thing to a certain extent. The United States cannot continue to pay the price of maintaining the planet’s police force.

While other nations concentrate that portion of its gross national product to strengthening its industrial base, quality of life and economy – think Germany – that would otherwise go to defense spending if it were not for the United States, our nation continues to wallow in an economic tar pit.

Just when our nation’s economy cheers up a bit, things threaten to get worse quickly.

As we head for the seclusion of the isolationist, padded panic room, it might be a good idea to take a look over our shoulder and keep an eye on Greece – and Portugal, Ireland, Spain and Italy… http://www.thetentacle.com/ShowArticle.cfm?mydocid=4907

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Argentina’s debt default Gauchos and gadflies

http://kevindayhoff.blogspot.com/2012/02/economist-argentinas-debt-default.html

I’ve read it several times and gain more insights every time I read it…

Creditors’ decade-long battle with Argentina shows just how tangled sovereign defaults can be Oct 22nd 2011 NEW YORK http://www.economist.com/node/21533453