EFTA02411383.pdf

"Also attached is an editorial from Mohamed EI-Erian that might be of interest."

"My apologies, there was no Global P last week."

"Now debt itself has become the problem, says Philip Coggan km 24th 2010"

"European Union countries met in May to deal with the Greek crisis, they proposed a 750 billion (900 billion) rescue programme"

"Greece, despite its bail-out package from the EU and the IMF"

"Standard & Poor's, a rating agency, estimates that its GDP will not regain its 2008 level until 2017."

"Consumers' attitudes have changed incredibly over the past 15 years, says Steve Rees of Vincent Bond, a debt-management agency."

"Andy Jennings of FICO says that customers' rankings remain remarkably steady over time"

"As Jean Ann Fox of the Consumer Federation of America explains"

"Thomas Schoewe, chief financial officer of Wal-Mart"

"Michael Milken at Drexel Burnham Lambert realised there was a group of investors who were willing to take the risk"

"Jay Ritter of the University of Florida says"

"Matthew Prest of Moelis, a company that specialises in debt restructuring."

"Andrew Speirs of Hawkpoint, a firm that advises on corporate finance"

"Ramin Toloui of PIMCO, a fund-management group"

"by the time Greece turned to the IMF and its EU partners for help, its short-term bond yields were nearly 20%."

"Carmen Reinhart and Kenneth Rogoff suggest that the crunch arrives when the debt-to-GDP ratio reaches around 60%"

"forced the ancient regime of Louis XVI in France to summon the Estates-General in 1789"

"Alan Bloom, head of restructuring at Ernst & Young, an accountancy group"

"Alan Mason of the Paris office of Freshfields Bruckhaus Derringer, a corporate-law firm"

"The investment bank became the largest ever Chapter 11 deal, involving loans of $640 billion"

"Wind Hellas, a Greek telecoms company"

"When Standard & Poor's downgraded Greece to junk status in April, David Beers, its head of sovereign ratings, put the move into perspective"

"But Pierre Cailleteau of Moody's says that because of the crisis we have to define the boundary between AAA and AA ratings very clearly."

"When Standard & Poor's downgraded Greece to junk status in April, David Beers, its head of sovereign ratings, put the move into perspective"

"The ECB eventually amended the rules to accept Greece's bonds, whatever their rating."

"According to Tony Crescenzi of PIMCO, investors are asking themselves"

"Jeremy Grantham of GMO, a fund-management group, is a detached and cynical observer"

"Robert Bergqvist, chief economist at SEB Group in Sweden, is equally pessimistic."

"Theo Zemek, who heads the fixed-income division at AXA, a giant insurance company"

"Ms Reinhart and Mr Rogoff argue that the world is due for a wave of sovereign defaults"

"Dhaval Joshi of RAB Capital, a hedge fund"

"Pierre Cailleteau of Moody's, a rating agency, says"

"According to Andrew Smithers of Smithers & Co, a consultancy"

"report by Jagadeesh Gokhale, of the right-wing Cato Institute in Washington, DC"

"The Icelanders have borrowed from the IMF, with their negotiations made more complex by a dispute with Britain and the Netherlands"

"In Greece spiralling debt costs also forced the government to turn to the IMF as well as to its EU partners."

"Chris Watling of Longview Economics reckons that the net present value of spending commitments"

"Thordur Palsson, a former chief economist at Kaupthing, a big Icelandic bank."