Rick Steves' Greece: Athens & the Peloponnese amazon.com
Bust: Greece, the Euro and the Sovereign Debt Crisis - By Matthew Lynn amazon.com
Greece's 'Odious' Debt: The Looting of the Hellenic Republic by the Euro, the Political Elite and the Investment Community - By Jason Manolopoulos amazon.com
Understanding the Crisis in Greece: From Boom to Bust - By Theodore Pelagidis amazon.com
The Imminent Crisis: Greek Debt and the Collapse of the European Monetary Union amazon.com
Eyewitness Greece - Athens and the Mainland - 352 Pages
Financial markets and economic growth in Greece, 1986-1999 [An article from: Journal of International Financial Markets, Institutions & Money]
Athens Demographics:
The population count for Athens was 10,964,020 in 2001. According to eurostat, in 2008 Greece had a total estimated population of 11,262,000. Of this, some 695,979 are estimated to be non-Greek.
June 15, 2010
Ouch: Moody downgrades Greek debt to junk status
Another scare for europe as Moody pushes Greek debt to junk status, via Wall Street Journal:
" Moody's Investors Service downgraded Greece's debt rating by four notches to Ba1 from A3, after a similar move by Standard & Poor's in April."
This isn't exactly welcome news, but it does help the argument that Greece will ultimately have no way out except default and/or shedding the euro and going back to a currency (the drachma) they can control. But Michele Maatouk also at Wall Street Journal reports it differently:
"...the negative market impact was tempered by the fact that the move by Moody's was partly a catch up to S&P's junk status for Greece whilst Moody's also noted that a debt restructuring could be avoided," said Credit Agricole.
...Traders said the move, while not surprising, served to reignite fears about sovereign debt on a day when investors were beginning to regain confidence in the global economy after better-than-expected euro-zone industrial production data."
The downgrade means the Greek debt is now off limits to various pension funds and investment portfolios with 'stability' requirements.
ARCHIVE PAGE - MAY 19 TO MAY 31 2010
ARCHIVE PAGE - MAY 1 TO MAY 18 2010
ARCHIVE PAGE - DEC 2009 - MARCH 2010
