Arab Today, arab today economics and politics of trading zone drives events
Last Updated : GMT 21:50:13
Arab Today, arab today
Arab Today, arab today

Economics and politics of trading zone drives events

Arab Today, arab today

Arab Today, arab today Economics and politics of trading zone drives events

Nicosia - Arabstoday

Filled with portents of disaster and the promise of rejuvenation. Lucas Papademos takes charge as the new Greek Prime Minister, knowing very well that the path ahead is not just perilous for his country, but for the Eurozone itself. Silvio Berlusconi who resigned as the Italian Prime Minister, leaves behind a disastrous legacy as a modern day Nero who fiddled (or, to wit, fondled) while Rome burdened itself with new debt issuances and paid higher interest rates. Pakistan, meanwhile, granted India the most favoured nation status, thus allowing the possibility of increased trade and economic integration in the decades ahead. In similar ways these are three variations on the same theme: the economics and politics of a trading zone. By July 2011, outstanding Greek debt in nominal terms was ¤366 billion. Domestic Greek institutions, like banks and asset managers, hold €104 billion of these debts. Any reduction in value of these bonds held by them would mean that these asset managers (such as pension funds) would need to be recapitalised in order to provide for regular citizens. The ensuing chaos is unchartered waters that no politician wants to sail in. Supranational entities like the IMF, ECB and others hold another €118 billion of debt. As Papademos has clarified, it is "inconceivable" that Greece will default on such obligations since the ramifications extend well beyond Greece's credit worthiness and will effect the public finances of the rest Europe. So, this remainder is €144 billion held by foreign non-sovereign institutions.

arabstoday
arabstoday

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today economics and politics of trading zone drives events Arab Today, arab today economics and politics of trading zone drives events

 



Arab Today, arab today

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today economics and politics of trading zone drives events Arab Today, arab today economics and politics of trading zone drives events

 



Arab Today, arab today France defies terrorism through tourism

GMT 15:18 2017 Saturday ,20 May

France defies terrorism through tourism
Arab Today, arab today How to do your own Ramadan corner?

GMT 15:53 2017 Saturday ,27 May

How to do your own Ramadan corner?

GMT 17:28 2017 Thursday ,18 May

Saudi stocks rise in heavy trading

GMT 21:37 2017 Wednesday ,17 May

US Stocks Close Mixed

GMT 04:58 2017 Wednesday ,17 May

Tadawul index gains 0.7%

GMT 06:20 2017 Tuesday ,16 May

Tadawul index climbs 0.6%

GMT 13:43 2017 Monday ,15 May

Oman share index declines marginally
View News in Arabic - Business: أسواق مالية
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today
 
 Arab Today Facebook,arab today facebook  Arab Today Twitter,arab today twitter Arab Today Rss,arab today rss  Arab Today Youtube,arab today youtube  Arab Today Youtube,arab today youtube
arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday