Tagged: euro

German trading ban roils markets

Because no one followed suit, Germany’s unlateral ban on “naked” short selling of European government bonds - speculative bets that prices will fall on borrowed assets which then can be sold back to the lender with the speculator pocketing the difference –rocked global markets.  Mark Williams, who teaches finance at the BU School of Management and is […]

Greeks deal with debt

Greece has announced austerity measures to rein in the country’s debt that threatens the European Union’s euro currency — and in the process triggered public outrage and demonstrations.  International Relations Professor William Keylor, an authority on U.S.-European relations, says the Greek government seems to playing a game of chicken with the EU. “By hinting that it might […]

Saving Greece’s economy

Greece is preparing a bond issue aimed at restructing its economy as the European Union is pushing the country to adopt new austerity measures to cut its crippling budget deficit.  Economics Professor Laurence Kotlikoff, as he explains in his blog, says there’s a way in his view for Greece to to devalue without devaluing.  “The government […]

EU seeks Greece economic rescue

European Union governments are grappling how to manage the debt crisis in Greece that threatens to undermine the shared euro currency.  Economics Professor Laurence Kotlikoff, who a decade ago in Foreign Affairs magazine predicted the euro’s collapse, says Greece’s debt woes are a precursor to what may happen in the U.S. “Greece is where the United States […]