Greece’s failed privatization, Europe’s potential recovery and Abenomics

In the links today, the biggest threads outside of the NSA scandal were on Greece and Europe. I believe the economy there is bottoming and I want to discuss some of the news flow. There was also a rate decision by the Japanese central bank that was met with disappointment. Let's put this into context regarding the viability of Abenomics.
First on Greece, the beginning of Greece's privatization program failed as the state-owned natural gas company DEPA did not attract the kinds of bids that the government was hoping for. This is a medium-term problem but not a short-term one. Let me explain my view here.
First, the principal considerations is the path of tax revenue versus fiscal outlays. And a number of variables impinge on this, making it a tricky task to predict debt sustainability. The ...


As this site is now reader-supported via Patreon, the remainder of this article is only available to subscribers at a specific patronage level. Articles at patronage levels BRONZE, SILVER, and GOLD are denoted by the categories in blue capital letters above the post. Posts categorized DAILY are available to both SILVER and GOLD patrons.

Click here to join. Your readership is greatly appreciated!

Registered users can log in by entering details here or below.

This website uses cookies to improve your experience. We'll assume you're ok with this, but you can opt-out if you wish. Accept Read More