February 17, 2012 | Daily JAM, Morning Briefing |
The big worry in the Greek debt crisis—today—is what seems to be a genuine split in the German government between Chancellor Angela Merkel and Finance Minister Wolfgang Schaeuble. Schaeuble has become the leading voice for those skeptics who doubt that the Greece government can be trusted to deliver on its promises once it has the next rescue payout in its hands.
February 16, 2012 | Daily JAM, Short Term |
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February 16, 2012 | Uncategorized |
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February 16, 2012 | Uncategorized |
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February 15, 2012 | Stock Alerts |
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February 15, 2012 | Daily JAM, Morning Briefing |
Yesterday, when European finance ministers called off their emergency meeting, the ostensible reason was Greece’s failure to specify the sources of a last 325 million euros in budget cuts and the need to have the leaders of the country’s two biggest parties, New Democracy and Pasok, sign pledges to abide by the deal after the country’s April elections. This morning Athens delivered on both those fronts. Turns out that’s not enough—because those two items weren’t the real problem at all.
February 14, 2012 | Daily JAM, Stock Alerts |
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February 14, 2012 | Daily JAM, Morning Briefing |
European finance ministers have cancelled tomorrow’s meeting and will hold a teleconference instead. That’s not going to produce a vote on the package. Instead it seems intended to extract “better” promises from Greek politicians.
February 14, 2012 | Daily JAM, Stock Alerts |
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February 14, 2012 | Daily JAM, Short Term |
Some day EuroZone leaders will have to decide either to approve a second rescue package for Greece or not. But maybe not this week. A new neither here nor there alternative has started to gain traction in the run-up to Wednesday’s meeting of European finance ministers.
February 13, 2012 | Daily JAM |
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February 13, 2012 | Daily JAM, Videos |
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