Category Archives: PIIGS

The Collapsing Greek Income Statement, Or Why Greece Is Doomed

The Collapsing Greek Income Statement zerohedge.com With everyone focused exclusively on the Greek balance sheet, where apparently the market has now realized that you don’t cure unmanageable debt with yet more debt (something the Troica will figure out just as … Continue reading

Posted in bailout, Capitalism, Charts, Debt, ECB, Europe, Greece, News, PIIGS, zerohedge | Leave a comment

>is Spain decoupling from its fellow PIIGS?

> Spain drifts away FT Alphaville Posted by Neil Hume on Apr 06 10:00. Spot the odd one out: “…even under a stressed scenario [budget overshoot, higher than expected bank recapitalization costs and the potential direct costs to Spain if … Continue reading

Posted in bailout, bonds, Debt, News, PIIGS, Spain | Leave a comment