There are mounting fears that Ukraine, Kazakhstan, and Argentina could all now slide into a downward spiral towards bankruptcy, while western banks exposed to property bubble across Eastern Europe have seen their share price crushed.
The markets are pricing an 80pc risk that Ukraine will default, based on five-year credit default swaps (CDS) – an insurance policy on a country being able to pay its debts. >>>>>
For a rational solution to this, go to the next post.
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October 12, 2008 at 5:23 pm |
[...] JohnDemetriou wrote an interesting post today onHere’s a quick excerptThere are mounting fears that Ukraine, Kazakhstan, and Argentina could all now slide into a downward spiral towards bankruptcy, while western banks exposed to property bubble across Eastern Europe have seen their share price crushed. The markets are pricing an 80pc risk that Ukraine will default, based on five-year credit default swaps (CDS) – an insurance policy on a country being able to pay its debts. >>>>> For a rational solution to this, go to the next post. [...]
October 12, 2008 at 5:30 pm |
[...] Demoblog – Just another WordPress weblog wrote an interesting post today onHere’s a quick excerptThere are mounting fears that Ukraine, Kazakhstan, and Argentina could all now slide into a downward spiral towards bankruptcy, while western banks exposed to property bubble across Eastern Europe have seen their share price crushed. The markets are pricing an 80pc risk that Ukraine will default, based on five-year credit default swaps (CDS) – an insurance policy on a country being able to pay its debts. >>>>> For a rational solution to this, go to the next post. [...]