Central Planning

The Greek State of Security & ‘Trust’

July 13, 2015 0 Comments
The Greek State of Security & ‘Trust’

This weekend began another series of deals, which lasted well until the late nights, until the early morning in Greece. Naturally, Eurogroup officials are no strangers to working long hours of negotiating deals for the betterment of their nation’s economic sustainability. By economic sustainability, I’m of course referring to the Greek economy. Before the summit […]

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Why Did Greece Even Have A Referendum At All?

July 8, 2015 1 Comment
Why Did Greece Even Have A Referendum At All?

There is a rather interesting meme going on in Europe right now… The Twitter Universe located in Europe has started a hashtag, #ExplainNoToJuncker, where a bunch of anti-Austerity supporters express why the referendum even needed to take place. However, there is just one problem with that: Greece financial situation has not changed, or even improved […]

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Greece’s ‘OXI’ Paradox and Parallel Currencies

July 6, 2015 0 Comments
Greece’s ‘OXI’ Paradox and Parallel Currencies

Although I initially wanted the nation to reject the Syriza party, I can’t say that I’m too surprised at the results. What does this mean? Obviously they have rejected the budget, financial and structural economic reforms the EU have been negotiating for months. It means Finance Minister Yanis Varoufakis and Prime Minister Alex Tspiras still […]

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What Greece Wants Vs. What They Need

July 3, 2015 0 Comments
What Greece Wants Vs. What They Need

Greece joined the European Union in 1981, and officially adopted the Euro in 2001. Was allowing Greece to join a mistake? Most likely. That is probably the largest sentiment German Chancellor Angela Merkel has on Greece, has she bashes her predecessor Gerhard Schroeder for allowing such a pact to happen. This is probably because ever […]

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Greece Officially Defaults On Debt To The IMF

July 1, 2015 1 Comment
Greece Officially Defaults On Debt To The IMF

Greece passed their midnight deadline for repayment of the €1.6 billion loans to the IMF. Therefore, the nation officially defaults: the 5th time in its nation’s history, and the first developed nation to ever default on an IMF loan. And yes, we do know that Greece as filed for a postponement of the loans. However, […]

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Greece Will Default Tomorrow

June 29, 2015 0 Comments
Greece Will Default Tomorrow

No, this isn’t a prediction. It has already been stated by a Government official that Greece will not pay the €1.6 billion owed to the IMF tomorrow. The lack of means or inability to repay the IMF effectively means that they will default, which makes the referendum all but pointless, considering Greece is having it […]

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IMF Is Doing The Fed’s Job

June 29, 2015 0 Comments
IMF Is Doing The Fed’s Job

Lagarde has her hands full as Director of the International Monetary Fund. In light of the mess that Greece has gotten itself into (thanks to the persistence of Prime Minister Alex Tsipras) you would think that she would have much better things to do, but she some has the time to tell Janet Yellen how […]

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The Fate Of Greece Now Depends Upon Millions…

June 26, 2015 0 Comments
The Fate Of Greece Now Depends Upon Millions…

Earlier this month, the Syriza administration discovered that Greece didn’t have all €300 million to repay the IMF on June 5th. Instead, the government decided to reconsolidate their arrangement with the IMF, lumping all of their June repayments into one payment bundle of €1.5 billion, due by this Tuesday. Three weeks later, and Greece is […]

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Greece To IMF: I’ll Pay You Later

June 4, 2015 1 Comment
Greece To IMF: I’ll Pay You Later

I can’t believe how quickly two months just flew by. It seemed like it was just yesterday when I was writing about how Greece could default €458 million due on April 9th. However, we all knew this problem would occur way back in February, when the Greek Government failed to obtain a six month extension […]

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Far East Musings & Shadow Banking

May 21, 2015 1 Comment
Far East Musings & Shadow Banking

I talk about China on twitter, a lot. I often talk about my plans about the region, whether its personal or business related. I usually discuss my dreams in living/visiting Hong Kong one day. Cantonese is also the third language that I speak (the second being Japanese). There is a lot to like and dislike, […]

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