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Trade Trends with Bollonger Bands and Twiggs Money Flow

Greece

Chart Forum » Markets » Sovereign Debt Risk » Greece

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colin_twiggs
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Username: colin_twiggs

Post Number: 581
Registered: 06-2009

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Wednesday, April 28, 2010 - 10:54 am:Copy highlighted text to 'New Message' boxEdit Post Delete Post Print Post    View Post/Check IP (Moderator/Admin only) Ban Poster IP (Moderator/Admin only) Move Post (Moderator/Admin Only)




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* We have updated our assessment of the political, economic, and budgetary challenges that the Greek government faces in its efforts to place Greece's public debt burden onto a sustained downward trajectory.
* We are lowering our ratings on Greece to 'BB+/B' from 'BBB+/A-2' and assigning a negative outlook.
* The negative outlook reflects the possibility of a further downgrade if the Greek government's ability to implement its fiscal and structural reform program materially weakens in our view, undermined by domestic political opposition at home or by even weaker economic conditions than we currently assume.




MADRID (Standard & Poor's) April 27, 2010







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colin_twiggs
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Post Number: 582
Registered: 06-2009

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Greece’s outstanding debt is roughly equal in size to that of Lehman’s when it collapsed in Sept 2008. If it’s forced into debt rescheduling and restructuring, it could trigger a domino selling effect in other vulnerable European bond markets in Portugal and Ireland, - both wrestling with exploding levels of sovereign debt, and lacking the ability to engage in “Quantitative Easing,” or printing vast quantities of money. Even if the Euro-zone politicians and the IMF can cobble together a bailout of Greece, they simply lack the financial resources to bailout the next wave of European sovereigns.




Could a Greek Tragedy Morph into a Lehman Meltdown?
By Gary Dorsch, Editor, Global Money Trends

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Spaincolin_twiggs29-Apr-10  06:28 am
Portugalcolin_twiggs28-Apr-10  09:48 am

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