Do not make mistake - today's meeting of the Eurogroup is more a contingency planning than another effort to help hopeless Greece. They actually are going to think what to do AFTER the default.

What If Greece Just Disappeared?

That is quite a rosy picture of the post-default Greece. But from what I've seen in early 90s both in Greece and my country - the picture was far from rosy. Widespread government corruption, huge inflation, constant devaluation of the national ...

What If Greece Just Disappeared?

The inevitable default is already slowly priced in throughout the markets.

'It’s going to be bad, whatever happens': Greece on edge as eurozone exit looms

I think markets are pricing in the default. On the actual default date nothing drastic will happen.

Greece has no plans to present new proposals on Thursday says Germany

13 days and counting... End of free sirtaki.

UK starts planning for 'serious economic risks' of Greek exit from euro

13 days to default and end of this stupid topic...

The Endgame in Greece

Unexpectedly! :-)

EURUSD triggers stops through 1.1300 as traders continue to unwind hedge positions

There you go! :-)

This would be scary enough to give Fed pause

Which is quite the opposite what the ECB wants - they would welcome a parity with dollar, but usually markets can spark either way. This was the case with the so played "FED tapering" back in 2013 - when it actually happened - the euro and pound ...

This would be scary enough to give Fed pause

Usually Bloomberg have a favorite song and play it for months. Couple months ago was the "FED rate hike" and every series of "red" news from US was "unexpectedly"...now FED is almost forgotten and we have new vinyl. Seems to be the Greece - even the ...

Europe Car Sales Rise at Slowest Pace in 6 Months on Greek Woes

Tic-tac-tic-tac...the empty-pockets-clock is ticking for the sirtaki nation...

Euro countries decide Greece emergency plan

A-ah! Not again...unexpectedly...:-)

Factory Production in U.S. Unexpectedly Drops on Energy Pullback

Well, cheap drachmas, cheap vacation - why not...

Greece on 'brink of disaster;' calls emergency meeting

Dee Yankees (pronounced with froggy mounth) with their gzillions of debt.

The eurozone was a dream of unity. Now Europe has turned upon itself

"Gabriel, the leader of Merkel’s Social Democratic Party coalition partner, who in February urged patience and dialogue with Greece, was more direct. “We will not let the German workers and their families pay for the overblown election promises of a ...

Greece Enters Fateful Week After Brussels Talks End Fruitlessly

I'm talking of the period BEFORE 2010 and the bailout program. Why everyone here tries to put the cart in front of the horse? Everything that is happening have its origin, root, cause. Greek economy did not started to exist since 2010 and the Troika ...

What went wrong in Greece and how to fix it: Lessons for Europe from the Greek crisis

Well this article perfectly explains my stated position that the Greece "boom" was super artificial supported by public spending spree and foreign debt. So now normalization would come, but the Greek society fails to understand that thus the idea ...

What went wrong in Greece and how to fix it: Lessons for Europe from the Greek crisis

It is interesting to hear your honest assessment from within - what really the people in Greece are thinking about this whole situation?

Tsipras's Gambit Won't End Greece's Crisis

Exactly! :-)

Greek Stocks, Bank Bonds Battered As Deal Hope Fades

I'm saying this exactly from 5 months here - the only valid bargaining point of the Greek government is the geographical advantage - nothing more. However. Recent quotes from Chancellor Merkel (2 months ago) started to hint of a possible shift if ...

Keeping Greece in the Euro May Have Nothing to Do With Finances