Sounds like a good time to go long on Egyptian food futures, before the IMF steps in!

Nothing in Spain (or almost anywhere in the EU happens fast). I would expect a serious deterioration in the economy when you consider the unemployment levels and the lack of jobs (and creation of jobs).

Greece already ran out of money a long time ago. Now they are cleaning up the mess or so they say.

I wouldn't believe what Stournaras said. Greece has not had an economy since the fall of Rome. One reason the numbers look good is because there is a ban on shortselling. Additionally with an inefficient public sector and corruption being rampant, a ...

Interesting but no surprising. I know of a lawyer that had a multi-million dollar practice and ended up broke and working at McDonalds thanks to a margin call.

That is true. Most wine is imported into Ireland. The reference to wine refers to imported wine being marked up more.

Dont forget the municipal bonds. This is a major bubble waiting to pop. Its being building up over the last 4 years. There have been 21 municipal defaults so far in 2012. The grand total of those defaults comes to 978 million dollars, with more to ...

I find it very hard to believe they didnt know what they were doing, or tried to contain the losses. Where were the stop-losses? Why was a margin call not made earlier? It is almost funny because if the JP Morgan bank went on the run for 2 Billion, ...

Well yes, to a point but Greece politics and unions as well as many other areas really have their finger in the honey pot. url

They forgot to cover Ireland which has a lot of sovereign debt.

The EU should get rid of Greece. Remember your talking about one of the most corrupt countries in the EU that hasn't had an economy since the fall of the Roman empire (around 476 AD).