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Let the Greeks ruin themselves

Economist Original article ›

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What Greece, Ireland, Britain and Spain have in common after the Dubai debt crisis.

11/20/2009

It costs close to 400,000 to insure $10 million of government debt against default for Greece. The numbers are close tov $300,000 for Ireland, close to $200,000 for Britain and close to 100,000 for Germany. See graph.Ireland just announced its new budget in December 2009 with strict austerity measures and cutting public sector pay. See the link to Ireland. Recent taxes on bank bonuses in Britain raise $500 million and attempt to assuage public sentiment.

Grouped Articles

Spain's Debt Woes Echo Europe's Uneven Rebound

Wall Street Journal 12/10/2009

Ireland Cuts Budget in Bid to Tame Debt

Wall Street Journal 12/10/2009

Thumbs Up For the U.K. Bonus Tax

Wall Street Journal 12/10/2009

Swapping Risk to Sovereigns

Wall Street Journal 11/20/2009

Greece Welcomes Rating News

Wall Street Journal 12/23/2009

Greece Rattles the Euro Zone

BusinessWeek 12/10/2009

Greece: prospect of default on debt.

12/29/2009

Grouped Articles

Greece Defaults on IMF Loan Despite New Push for Bailout Aid

Wall Street Journal 07/01/2015

Greece, Missing I.M.F. Payment, Is Called Effectively in Default

New York Times 06/30/2015

SPIEGEL ONLINE - Druckversion - Euro under Threat: Culture of Corruption Drags Greece Down - SPIEGEL ONLINE - News - International

Unknown 12/29/2009

SPIEGEL ONLINE - Druckversion - No IMF Aid Expected for Greece: EU to Solve Financial Fiasco Alone - SPIEGEL ONLINE - News - International

Unknown 12/29/2009

The Worst May Not Be Over for Europe

New York Times 12/31/2009

The Making of a Euromess

New York Times 02/15/2010


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