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Grexit

Grexit

Storm clouds gather as man who saved the euro bows out

The defining moment for Mario Draghi as president of the European Central Bank (ECB) came at the fringe of the London Olympics in 2012. The ferocious debt crisis in Greece had spread to Spain and Italy, yields on government stocks across Europe were soaring …
bubmag
October 24, 2019
Grexit

Beware SOFR

As the Federal Reserve prepares for its next regular meeting on Oct. 29, the uncertain state of U.S.-Chinese trade negotiations and a running debate over whether or not the U.S. economy has reached the end of its growth cycle dominate speculation. But within …
bubmag
October 24, 2019
Grexit

Greece’s half-miracle

ATHENS A little-noticed semi-miracle has occurred in Greece. After a devastating decade of depression and three wrenching austerity programs, the ancestral home of European democracy has emerged with its democratic institutions intact, social cohesion improb…
bubmag
October 21, 2019
Grexit

Power and Tragedy

Starting with the Trojan Wat in the thirteenth century BCE, the Greeks embarked on a gigantic Grexit that lasted for centuries. They migrated to other more prosperous lands. The Greeks of Euboea were pioneers in this political movement: searching and finding…
bubmag
September 11, 2019
Grexit

Brexit and the Prison House of Nations

Bulldogs are notorious for their tenacity or cool persistency of purpose, as Honest Abe said of General Grant, He has the grip of a bulldog; when he once gets his teeth in, nothing can shake him off. The EU master class could give the doggies a lockjaw master…
bubmag
September 6, 2019