Saturday, February 21, 2015

Saturday roundup (02-21-15)

How the eurozone could tear apart: A standoff between Greece and its creditors nearly ended in the breakup of the euro project. How could a country leave the currency union? (The Telegraph)

Greece Faces Monday Deadline On Reform Proposals (The Voice of America) Finance minister: Greece to submit reforms list by Sunday (The Associated Press)

How Greece Escaped a Major Crisis — for Now: By obtaining a bailout extension from its European creditors, the beleaguered country avoids bankruptcy. But its long-term fiscal outlook remains bleak. (The Atlantic) Greece’s debt deal isn’t the end of eurozone drama (Marketwatch) Syriza’s honeymoon over as Greece strikes debt deal with EU: Alexis Tsipras says long struggle lies ahead while finance minister describes deadlines as ‘inhuman’ (The Observer)

Greece had a chance to make the euro zone work better — they blew it [The Economist via] (The Business Insider)

Unofficial Problem Bank list [in the United States] declines to 378 Institutions (Calculated Risk blog)

     The aim of this blog is to show (mostly from reports in mainstream respected news sources) that there is reason to believe that both the United States and the global economies remain fragile in the wake of the financial crisis of 2008 and that a number of threats exist today that could, if they worsened, bring about economic depression -- not just a minor depression, but a depression worse than the Great Depression. Key threats include excessive risk-taking by financial firms, unchecked by effective regulation; the continued existence of "too big to fail" institutions; and most especially, the amassing of levels of public and private debt which could become unsustainable.

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