Greece
In his inaugural Weekend Reads compilation, Jason Voss, CFA, a retired fund manager, shares his top stories for investors.
He has been "likened to a rock star, hailed as a sex icon, and feted by fashionistas." He's also been referred to as the "enfant terrible" of the financial media. If you haven't already guessed it, I'm talking about Yanis Varoufakis, the erstwhile Greek finance minister and self-described "erratic Marxist."
Investment professionals have had ample reason to reach for the antacid in the past week.
It's been a busy week. Chinese stock investors as well as Greek voters could have used a break, while the New York Stock Exchange (NYSE) accidentally got one.
By the time you read this, we should know if the European finance ministers reached a deal Thursday to address the Greece situation. Either way, most believe that the "Greek tragedy" is unlikely to have a happy ending. And this situation bears watching because the end game will have significant implications for Greece, Europe, and the rest of the world.
Jim O’Neill, chairman of Goldman Sachs Asset Management and former chief economist of the investment bank, was this year’s keynote speaker at the UC RUSAL President’s Forum at the Hong Kong University of Science & Technology. He… READ MORE ›
Complicating matters in resolving the European sovereign debt crisis have been the large number of players each of whom has a stake in the outcome of the crisis.
Most commentators trace the beginning of the European sovereign debt crisis to 5 November 2009, when Greece revealed that its budget deficit was 12.7% of gross domestic product (GDP), more than twice what the country had previously disclosed. However, the real origins of the crisis can be traced to the very structures that govern Europe's institutions.
It is one thing to talk about the European sovereign debt crisis and its many details and another to look at the statistics that are germane to understanding the crisis. Here then are… READ MORE ›
On 27 October 2011, after months of discord, European leaders ironed out a plan to address the escalating European sovereign debt crisis. Here is an overview of what exactly that plan… READ MORE ›