Tom Salemy, CFA, CAIA
In light of the seemingly non-stop news about the debt of Greece and its fellow PIIGS1 countries, the following article summarizes the latest efforts to rectify the sovereign debt issues which have roiled markets across the world. In particular, new programs and commitments from assorted European institutions are summarized, along with the market ramifications – opportunities and risks – of the ongoing debt challenges in Europe.
President Joe Biden signed the $1.9 trillion pandemic relief package yesterday amidst rising inflation and interest rates since the beginning…
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