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Tag Archives: sovereign debt

What does Angela Merkel imply with this symbolic gesture? (photo)

There it is, the interview German Chancellor Angela Merkel gave to populist daily newspaper BILD. Populist questions gets normally populist answers therefore if  you  can read German read what Bild readers have commented below the interview.  However as the interview is long and I’m rather lazy to translate it, you …

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Moody Moody’s downgrades Greece’s capital, Athens, as well

No, it’s not a joke! It’s bitter serious!  Rating agency Moody’s is very moody recently and downgrades whatever “Greek” crosses its way. So, beware to avoid a Moody and its small Moody’s, should you see one on the streets. Moody Moody’s will downgrade you personally by 3 notches and define …

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Moody’s: Losses of a possible Greece’s Default at 50%

One day after Moody’s downgrade by 3 nothes, Sarah Carlson, analyst at Moody’s Investors Services said that the losses of a possible default will be around 50% for creditors. Speaking to Greek economic portal Capital, Carlson said that “any estimation of losses in the event of a default would be speculative”. …

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Moody’s downgrades Greece on beginning of Lent-What a great sense of humor!

The guys working at the rating agency Moody’s must have an extra ordinary sense of humor. On the Greek Orthodox Holiday “Clean Monday” marking the beginning of the Lent and the fasting before Eastern,  the Moody’s decided to enforce believers or not to go into a strict diet on the perspective of …

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