Category: Eurozone

Creditor of deadbeats = deadbeat debtor: Part 2, Your creditors can’t handle the truth

6 March, 2015 (10:02) | Economics, Eurozone, Finance, Global news, Government, Greece, Grexit, Recapitalization, Sovereign bankruptcy, Speculation, Taxation, Theory | No comments

[Continued from yesterday’s Part 1.] By: David A. Smith Yesterday’s Part 1 reporting on the continuing psychodrama that is Greek insolvency established that Greece’s inability to pay its sovereign debt stems, at least in large part, from its inability to collect taxes Greek laws say its citizens owe. Nor does the Eurozone’s glib formulation – […]

Creditor of deadbeats = deadbeat debtor: Part 1, Bad debt and bad paper

5 March, 2015 (10:00) | Economics, Eurozone, Finance, Global news, Government, Greece, Grexit, Recapitalization, Sovereign bankruptcy, Speculation, Taxation, Theory | No comments

By: David A. Smith No sooner had I written People value a government they pay taxes for than confirmation of the thesis was forthcoming, in the form of facts, new to me (which is definitely my oversight), that make Greece’s prospects in the Eurozone even worse than I had previously thought. We’re readying the tax-evasion […]

Month in Review, December 2014: Part 3, The right to be wrong

9 February, 2015 (10:00) | Affordability, Bankruptcy, Casinos, Cemetery, Cities, Detroit, Development, Eminent domain, Environmental, Eurozone, Land use, Mitchell-Lama, New York City, Privatization, Switzerland, US News, Vermont, Zoning |

By: David A. Smith [Continued from Friday’s Part 2 and the preceding Part 1.] Though a cemetery, as profiled in yesterday’s summary of December, is real estate used by and for the dead, and before there is a cemetery, there can also be a property that is used by no one, because those who would have […]

Month in Review, December 2014: Part 2, Tell it to the woodchucks

6 February, 2015 (10:00) | Affordability, Bankruptcy, Casinos, Cemetery, Cities, Detroit, Development, Eminent domain, Environmental, Eurozone, Land use, Mitchell-Lama, New York City, Privatization, Switzerland, US News, Vermont, Zoning |

By: David A. Smith [Continued from Wednesday’s Part 1.] So substantive was December’s eleven-part post on the pending privatization (resident right-to-buy action) of Southbridge Towers that not only did it take up half the month’s posting, my excerpted month-in-review summary spilled over from Wednesday’s Part 1, as in four more parts I brought the story up to […]

Just WHO has a problem here?

5 February, 2015 (09:28) | Banking, Bankruptcy, Bonds, Capital markets, Euro, Eurozone, Global news, Greece, Grexit, Guarantees, Sovereign bankruptcy, Speculation, Syriza |

By: David A. Smith [Interrupting Month in Review, December for some current and topical news – Ed.] Nick Fury: No matter who wins or loses, trouble always comes around… The Avengers, Age of Ultron Here comes trouble As Tony Stark’s creation Ultron said, just before he launched all-out war on humanity, “Everyone creates the thing […]