Greek Debt Crisis

Why a Greek Default Is a Global $360 Billion Problem That Affects Us All

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A Greek default is inevitable. Years of piling up bailout loans without a reprieve in the Greek debt crisis prove that.

But it's not just the 300 billion or so euros in Greek debt are the problem. It's the complicated spider web of cross-collateralizations and derivative trades tied to Greek debt that are the real terror.

Here's how a Greek default could be a much bigger problem than you're being lead to believe...

Broke Greece Is Sitting on an Actual Gold Mine – And Wants to Shut It Down

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The Greek debt crisis is bigger than the fate of a single gold mine, but this is a story about how political ideology often trumps common sense.

Greece should be doing everything it can to prop up its economy as it seeks to avoid a financial disaster.

But the leftist Syriza party, elected to power in January, has done everything it can to shut down a lucrative gold mine run by Canadian gold miner Eldorado Gold Corp. (NYSE: EGO).They say it's about protecting the environment.

But there's more to it than that - and it defies logic...

"Firewall" Your Profits from Greece's Fiscal Drama

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Greek Finance Minister Yanis Varoufakis has had a whirlwind schedule lately. On April 16 and 17 he attempted a last-ditch whirlwind "Washington Tour," meeting with U.S. President Obama, IMF boss Lagarde, ECB potentate Draghi, U.S. Treasury boss Lew, and even German Finance Minister Schäuble.

In search of sympathetic support, Varoufakis found little.

But the most intriguing meeting was with someone whose name most wouldn't recognize.

And the implications of that pow-wow could be the biggest clue of what's to come (including a "Grexit" or exit from the European monetary union), and how to prepare...

Get in on This Europe ETF Now to Beat Surging European Markets

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Investors shouldn't let fears over the Greek debt crisis scare them away from a promising Europe ETF play.

After all, the European markets don't seem too concerned. Just look at the events that unfolded this week.

That's why this Europe ETF play is a good way to jump in on the current investor indifference over Greece and a couple of other promising trends...

European Central Bank QE Is Masking Eurozone Struggles

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The European Central Bank quantitative easing regime is officially in full swing.

European Central Bank data released last Friday indicated as much. The sovereign bond-buying program began March 9. And in just two weeks, Eurozone central banks had already purchased 26.3 billion euros. This is all while economic indicators seem to point toward a recovery.

This market optimism is all unwarranted. Here's why the Eurozone is still in trouble, and why QE won't fix anything...

How Much Does Greece Owe? 4 Charts That Put Greek Debt in Perspective

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Greece is on track to run out of money in two weeks.

Unless officials can alter its current burn rate, the Mediterranean country will hit a cash wall on April 8, according to German newspaper Frankfurter Allgemeine Sonntagszeitung.

Exactly how much does Greece owe?

The country is 323 billion euros in debt ($352.7 billion) - more than 175% of its GDP.

These four charts help to put that number into perspective...

Euro-Dollar Parity Gets Closer as Euro Sinks to 12-Year Low

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The march to euro-dollar parity continued today (Wednesday) as the currency slipped below $1.06 for the first time since 2003.

In January, our 2015 euro forecast saw euro-dollar parity happening sometime in the first half of 2016.

It's fallen 12.6% in 2015. And it's still got a ways to go...

3 Ways to Play the European Central Bank Easy Money Madness

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The European Central Bank meeting today (Thursday) stuck to the Eurozone's easy money script.

European Central Bank president Mario Draghi's commitment to super accommodative monetary policy in a sluggish Eurozone is certainly not the medicine Europe needs right now.

But it is has made some already enticing investment opportunities all the more attractive...

How Investors Should Play the Greek Debt Crisis

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Last week Greece got a four-month reprieve on its bailout plan, but the risks that nation presents to the Eurozone and global markets remain.

So it's a good time to review how investors should play the Greek debt crisis.

"From chaos comes opportunity," Money Morning Chief Investment Strategist Keith Fitz-Gerald said in a Tuesday appearance on CNBC Asia's "Street Signs.

To find out how Fitz-Gerald thinks investors should play the Greek debt crisis, watch this video...

How to Profit from the Greek Debt Crisis

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The Greek debt crisis is the single-most important thing happening in the markets right now. We've got three scenarios showing how it could affect you...

We've also got three trades you can make today.

Don't wait to make your move. Greece has only about 13 days to go before it runs out of cash. Here's everything you need to know...

What the Greek Debt Crisis Means for Markets and Your Money

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All eyes are on Greek debt crisis this week, and rightfully so.

The country lied to get into the European Union, managed its finances terribly during its membership, and now wants to renege on its obligations. I'm not surprised and chances are you aren't either. We've been talking about the fallacy of central banking and the dangers associated with derivatives trading for years.

Now we need to talk about what happens next and, of course, what the Greek debt crisis means for your money...

What Greek Debt Talks Mean for U.S. Investors

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Financial News Today: The Greek debt talks that have been playing out over the past week have pitted Germany against Greece.

Of course, there's a smattering of Eurozone finance ministers offering their voice to the meeting, but one player seems conspicuously absent from these talks.

We'll discuss that in a moment. But first, here's a roundup of the financial news today...

How the Greek Debt Crisis Will Affect U.S. Markets

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As remote as the Greek debt crisis may seem, ripples from whatever happens there definitely will hit U.S. markets.

The new leftist government of Greece is currently tangling with the European Central Bank. While both sides seem very far apart, Money Morning Chief Investment Strategist Keith Fitz-Gerald thinks the ECB will blink first.

To find out what Fitz-Gerald thinks of the Greek debt crisis and what it means for investors, watch this video.

Profit from Greece and the European Union Struggles in 2015

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Yet another Greek tragedy is playing out in economically distressed southern Europe.

Greek Prime Minister Antonis Samaras failed to win support for his presidential candidate.

So citizens will head to the polls again, this time 18 months ahead of schedule.

With the "extreme left" party currently in the lead, there's more than political posturing at stake.

Volatility is sure to rise, and the pressure on ECB President Mario Draghi to "do something" will grow stronger than ever.

It feels like "déjà-vu all over again" as Europe continues to try and find ways to remain unified.

While the squabbling continues, we've found the best way of creating investment opportunities...

The Real Reason Government Is Paying Down the National Debt

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After six years of non-stop deficit spending that has added $8.2 trillion to the national debt, the U.S. Treasury has announced that it expects to reduce the country's debt by $35 billion this quarter.

Given that national debt growth has rocketed past $16.7 trillion and is on track to exceed $17 trillion at some point in the fall, a $35 billion reduction is laughably tiny. It's just 0.02% of what we as a nation owe.

And in the very same statement, the Treasury admitted that in the following quarter it expects to be back to borrowing as usual - $223 billion worth, more than six times the amount it plans to pay down this quarter.

So why bother?

"I don't believe in coincidences," said Money Morning Chief Investment Strategist Keith Fitz-Gerald. "Our leaders in Washington on both sides of the aisle are terribly under pressure from the American public right now, and I think this is a very convenient announcement to say, "Hey, we're doing the right thing, keep us all in office for a little while longer.'"

And apart from any political motivations, Fitz-Gerald wonders whether the plan to pay down $35 billion of the national debt can even be considered legitimate, given the way the government borrows money from itself.

"It's like taking blood from the left arm and putting in in the right arm and calling it a transfusion," Fitz-Gerald said.

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