{"id":291889,"date":"2010-02-07T20:28:00","date_gmt":"2010-02-08T01:28:00","guid":{"rendered":"http:\/\/www.businessinsider.com\/the-greek-crisis-spurs-a-global-margin-call-as-confidence-ebbs-2010-2"},"modified":"2010-02-07T20:28:00","modified_gmt":"2010-02-08T01:28:00","slug":"the-greek-crisis-spurs-a-global-margin-call-as-confidence-ebbs","status":"publish","type":"post","link":"https:\/\/mereja.media\/index\/291889","title":{"rendered":"The Greek Crisis Spurs A Global Margin Call As Confidence Ebbs"},"content":{"rendered":"<p><a href=\"http:\/\/www.telegraph.co.uk\/finance\/comment\/ambroseevans_pritchard\/7182739\/Greek-Ouzo-crisis-escalates-into-global-margin-call-as-confidence-ebbs.html\">From The Telegraph<\/a>:<\/p>\n<p>Flow data shows an abrupt withdrawal of German and Asian capital from Club Med    debt markets. The EU&#8217;s refusal to offer Greece anything beyond stern words    and a one-month deadline for harsher austerity &ndash; while admirable in one    sense &ndash; is to misjudge how fast confidence is ebbing. Greece&#8217;s drama has    already metastasised into a wider systemic crisis. The world risks a replay    of the Lehman collapse if this runs unchecked, this time involving sovereign    dominoes.<\/p>\n<p>Barclays Capital says the net external liabilities of Greece are 87pc of GDP,    or &euro;208bn (&pound;182bn). Spain is worse at 91pc (&euro;950bn), and Portugal worse yet    at 108pc (&euro;177bn); Ireland is 68pc (&euro;123bn), Italy is 23pc, (&euro;347bn). Add    East Europe&#8217;s bubble and foreign debts top &euro;2 trillion.<\/p>\n<p><a href=\"http:\/\/www.telegraph.co.uk\/finance\/comment\/ambroseevans_pritchard\/7182739\/Greek-Ouzo-crisis-escalates-into-global-margin-call-as-confidence-ebbs.html\"><strong>Read the full story at The Telegraph &gt;<\/strong><\/a><\/p>\n<p><a href=\"http:\/\/www.businessinsider.com\/the-greek-crisis-spurs-a-global-margin-call-as-confidence-ebbs-2010-2#comments\">Join the conversation about this story &#187;<\/a><\/p>\n<p><b>See Also:<\/b><\/p>\n<ul>\n<li><a href=\"http:\/\/www.businessinsider.com\/niall-ferguson-us-finances-are-not-much-better-than-those-of-greece-2010-2\">Niall Ferguson: The Next Greece? It&#8217;s The US!<\/a><\/li>\n<li><a href=\"http:\/\/www.businessinsider.com\/many-us-states-are-bigger-default-risks-than-europes-piigs-2010-2\">7 US States That Are Worse Off Than Greece, Portgal, Ireland, And Spain<\/a><\/li>\n<li><a href=\"http:\/\/www.businessinsider.com\/goldman-if-they-get-greece-wrong-all-of-southern-europe-will-fall-like-dominos-and-30-of-euro-gdp-would-be-at-risk-2010-2\">Goldman: If Greece Is Handled Wrong, All Of Southern Europe Will Fall Like Dominos And 30% Of Euro GDP Would Be At Risk<\/a><\/li>\n<\/ul>\n<p><img loading=\"lazy\" decoding=\"async\" src=\"http:\/\/feeds.feedburner.com\/~r\/TheMoneyGame\/~4\/QHi5CsqGYic\" height=\"1\" width=\"1\"\/><\/p>\n","protected":false},"excerpt":{"rendered":"<p>From The Telegraph: Flow data shows an abrupt withdrawal of German and Asian capital from Club Med debt markets. The EU&#8217;s refusal to offer Greece anything beyond stern words and a one-month deadline for harsher austerity &ndash; while admirable in one sense &ndash; is to misjudge how fast confidence is ebbing. Greece&#8217;s drama has already [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[7],"tags":[],"class_list":["post-291889","post","type-post","status-publish","format-standard","hentry","category-news"],"_links":{"self":[{"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/posts\/291889","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/comments?post=291889"}],"version-history":[{"count":0,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/posts\/291889\/revisions"}],"wp:attachment":[{"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/media?parent=291889"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/categories?post=291889"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/tags?post=291889"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}