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Olduvai III: Catacylsm
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BofA’s Striking Admission: Markets Will Soon Begin To Panic About Debt Sustainability

BofA’s Striking Admission: Markets Will Soon Begin To Panic About Debt Sustainability In the latest BofA survey of European fixed income investors (both IG and high yiled), the bank’s credit analyst Barnaby Martin writes that “after fretting about inflation at the start of the year, April’s credit survey shows that the biggest concern has reverted […]

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With Yanis Gone, Now Troika Heads Must Roll

With Yanis Gone, Now Troika Heads Must Roll Now that Yanis Varoufakis has resigned, in the kind of unique fashion and timing that shows us who the real men are, it’s time to clear the other side of the table as well. The new finance minister, Euclid Tsakalotos, should not have to face the same […]

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This Is Why The Euro Is Finished

This Is Why The Euro Is Finished The IMF Debt Sustainability Analysis report on Greece that came out this week has caused a big stir. We now know that the Fund’s analysts confirm what Syriza has been saying ever since they came to power 5 months ago: Greece needs debt relief, lots of it, and […]

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Olduvai IV: Courage
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Olduvai II: Exodus
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