Lawrence McDonald

Article by BBC News Greece faces “uncontrolled chaos” if it fails to agree austerity measures and defaults on its debts, Prime Minister Lucas Papademos has warned. He said ministers who disagreed with the spending cuts could not stay in the coalition government, hours after four ministers resigned over the proposals. Greek leaders are trying to [...]

Economic, political and market dates to watch from across Europe as governments and financial institutions deal with the ongoing European debt crisis. Courtesy of DC Tripwire  15th February:                   Spain to announce plans for restructuring banking sector 15th February:                   Portugal [...]

Article by BBC News The EU’s 27 leaders are discussing how to create jobs and growth amid calls to go beyond enforcing budget discipline. The EU has more than 23 million unemployed people and there are fears that wide-ranging budget cuts will harm enterprise and training. The eurozone crisis is dominating the EU summit in [...]

Article by Austen Sherman and Sara Eisen, Bloomberg Whether or not Greece is able to reach an agreement on the restructuring of its debt, the country is set to “implode” as the economy contracts, according to Johns Hopkins University’s Steve Hanke. “The game is completely over,” Hanke, professor of applied economics, said at the Bloomberg Sovereign Debt Crisis [...]

Article By Patrick Donahue, Rainer Buergin, Josiane Kremer, John Fraher, Bloomber European officials said the euro region’s temporary bailout facility has enough funds to deal with the sovereign debt crisis after losing its top credit rating at Standard & Poor’s. “The EFSF has sufficient means to fulfil its commitments under current and potential future adjustment [...]

‘A Colossal Failure of Common Sense,’ author Larry McDonald gives his outlook for the European markets. Watch the latest video at video.foxbusiness.com

Former Lehman Brothers V.P. Larry McDonald on the S&P downgrades in Europe and their impact on U.S. banks. Watch the latest video at video.foxbusiness.com

Courtesy of DC Tripwire Major Actions This Week: White House On Wednesday, President Obama and Vice President Biden hosted experts at the White House to focus on what can be done to encourage businesses to keep jobs and investment in the United States.   On Friday, the President announced a plan to merge the Commerce [...]

The play on Europe before next Monday’s review of Greece’s austerity measures, tax collection rates, and private sector involvement, with Larry McDonald, Senior Director at Newedge.

Article By Sven Boll, Martin Hesse and Julia Amalia Heyer, Spiegel Online The outlook for cash-strapped Greece is looking increasingly bleak. Government reforms are behind target, and negotiations with private creditors over voluntary debt relief are stalled. A disorderly default could be just weeks away. At least the backdrop to the heated exchange was glamorous. [...]