Stratfor: The 'Grexit' Issue and the Problem of Free Trade


by George Friedman

The Greek crisis is moving toward a climax. The issue is actually quite simple. The Greek government owes a great deal of money to European institutions and the International Monetary Fund. It has accumulated this debt over time, but it has become increasingly difficult for Greece to meet its payments. If Greece doesn"t meet these payments, the IMF and European institutions have said they will not extend any more loans to Greece. Greece must make a calculation. If it pays the loans on time and receives additional funding, will it be better off than not paying the loans and being cut off from more?


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What We Read Today 20 April 2015

Econintersect: Every day our editors collect the most interesting things they find from around the internet and present a summary "reading list" which will include very brief summaries (and sometimes longer ones) of why each item has gotten our attention. Suggestions from readers for "reading list" items are gratefully reviewed, although sometimes space limits the number included.

This feature is published every day late afternoon New York time. For early morning review of headlines see "The Early Bird" published every day in the early am at GEI News (membership not required for access to "The Early Bird".).


Every day most of this column ("What We Read Today") is available only to GEImembers.

To become a GEI Member simply subscribe to our FREE daily newsletter.

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 more features, analysis, studies, and news published in the last week

Early Headlines: Dr. Oz Under Attack, Berkshire TBTF, China Bonds Default, Greece as a Banana Republic and More

Early Bird Headlines 21 April 2015

Econintersect: Here are some of the headlines we found to help you start your day. For more headlines see our afternoon feature for GEI members, What We Read Today, which has many more headlines and a number of article discussions to keep you abreast of what we have found interesting.



Infographic Of The Day: The Hashtag

Like any good story, let’s start at the beginning.

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Video of the Day:

The nature of work is changing. It's time to stop fighting for pointless, unfulfilling jobs, and let technology take a greater share of the work. Instead we should fight for a universal basic income so we have more choice in when and how we work.

video of day picture

FOREX NEWS by DailyForex

RBA's Stevens Sees Limited Rate Cute Potential

Speaking during a question and answer session in New York on Monday, Reserve Bank of Australia Governor Glenn Stevens told his audience that rate cuts were not "useless," but that their potential had become more limited.

Aussie and Kiwi Lifted by PBOC Announcement

The People’s Bank of China announced earlier that they were slashing banks’ reserve requirements in an effort to encourage bank lending while at the same time attempting to reverse the country’s slow growth trend.

Forex Week in Review

Last week saw all of the world’s major markets losing ground, partially, over concerns about the looming Greek debt crisis and its potential ramifications for the Euro. Time for a deal is running out and there are no signs that a solution is imminent.

Marc Faber: Greece is Bankrupt

According to well-known investor, Marc Faber, Greece is bankrupt and should default, positing that a "geopolitical game of chess" was being played out in the region.

Stocks Down on Greek Fears

As fears of a default weighed on European and U.S. stock and bond markets, the European head of the International Monetary Fund (IMF) said on Friday that Greece’s growth projections will need to be "significantly" revised down from the estimate made last week that Greece's economy would grow by 2.5 percent this year and 3.7 percent in 2016.
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Two Stocks Offering High Yields and Profits

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Australian Iron Ore Exports to China Are Slowing - But Can India Save The Day?

by Michael Grogan, First Class Analytics

With an economic slowdown in China and a fall in commodity prices, Australian iron ore exports have been hit hard. With the commodity being Australia"s largest export and accounting for over 74 billion AUD in the years 2013-14, Chinese iron ore import prices (in $ per tonne) have fallen from approximately $120 during this period to just under a current price of $60.


 USA economy at a glance (boxed items are updates in last 7 days)

Gasoline Prices for Week Ending 20 April 2015 Rose Almost 8 Cents.

Econintersect: Average gasoline prices rose 7.6 cents per gallon nationwide this past week following the previous week"s 0.5 cent fall. From the same week one year ago, gas prices have fallen $1.19 a gallon.

Average prices by region and a breakdown by grade follow after "Read more....".

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