Tags: haircut
Greek CDS Wars
March 11th, 2012
in econ_news
Econintersect: Credit default swaps (CDS) are agreements between parties that one party will pay another party a specified amount if a default in a specified debt security or failure of a specified entity occurs. The party that buys a CDS is to be paid… more »
Greece Solution Near?
January 30th, 2012
in econ_news
Econintersect: Greece’s Prime Minister Evangelos Venizelos says the country will not cede sovereignty to the EU (European Union) but other indicators are surfacing Sunday (January 29) that a settlement may be near for the latest crisis event in the ongo… more »
Banking Insider: Sovereign Debt CDS Story Not Over
November 1st, 2011
in Background
Econintersect: The “voluntary” haircuts for European banks have been deemed by the European heads of states to be not an event that would trigger CDS on Greek sovereign debt. CDS are Credit Default Swaps, essentially insurance bought by one party and sol… more »
The EU Makes a Greek Deal
October 27th, 2011
in econ_news
Econintersect: At 4 am Thursday (October 27) the Eurozone leaders announced a deal that officials believe will reduce Greek sovereign debt to 120% of GDP by 2020. Also part of the deal is €130 billion (about $182 billion) from the European Union and th… more »
What is the Problem With the Greek Debt Deal?
September 28th, 2011
in econ_news
Econintersect: Germany wants to protect it's taxpayers from having to pay for the burden of Greeks who avoid their taxes. France and the Netherlands want to protect their banks who are overexposed to Greek sovereign debt. Parts of the periphery beyond… more »
