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Tag Archives: debt restructure

Merkel’s spokesman denies, she had agreed to Greek debt restructuring

German Chancellor Angela Merkel (CDU) feels, she was misunderstood in the issue of debt restructuring for Greece. There was “no change of mind,” of the chancellor, government spokesman Steffen Seibert said Monday. Merkel does not endorse any “debt write-off”.  She did not explain anything different than during the Eurogroup meeting.  “To …

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The Economist: GR, IE & PT should restructure debt – They’re bust!

That’s a nice article to boost our spirit. And thus on April Fool’s Day, on the first day of the month. Stoned-aged old grannies used to say “How the month begins, so the month ends”. They meant that if the first day of the month is good/bad, the whole month would be good/bad. Old grannies …

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When The German Beatles rule the EFSF

Remember the lyrics from the Beatles’ song Yellow Submarine? There is a line “And the band begins to play” followed by trumpets playing “PrAMPrAMPrAM-PrAM!”  That was in the late 60’s but associative thinking to today’s world make songs like that a ‘classic’. Because they are diachronic.  The Beatles have fallen …

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