-jm- log

Or the greece elections 2012

8.21 2012-6-18

Updated 18-06 09:09
Reporting 20.585/20.604 99,91 %
Party % Seats
Nea Dimokratia 29,66 129
Syriza Enotiko Koinoniko Metop… 26,89 71
Pa.So.K 12,28 33
Anexartitoi Ellines – Panos Ka… 7,51 20
Laikos Syndesmos – Chrysi Aygi 6,92 18
Dimokratiki Aristera 6,26 17
K.K.E. 4,50 12

23.35

Updated 18-06 00:30 (UTC+3)
Reporting 18.398/20.604 89,29 %
Party % Seats
Nea Dimokratia 29,91 130
Syriza Enotiko Koinoniko Metop… 26,72 71
Pa.So.K 12,42 33
Anexartitoi Ellines – Panos Ka… 7,46 20
Laikos Syndesmos – Chrysi Aygi 6,90 18
Dimokratiki Aristera 6,15 16
K.K.E. 4,50 12

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Today the talks about a new Greek government didn’t go well. Leftist Syriza (now second party) refused to form a new government with Pasok and New Demokratia, so did another leftist party. They refused even another tecnocratic ‘dictatorship’

Extreme leftist and extreme rightist are persuaded that Europe won’t leave Greece alone, (continue reading…)

‘The difficulty for us is we take a different view about the euro. We didn’t join. We think that single currencies really require single governments if they are going to work properly.

‘We have to recognise that the euro is a project in enormous transition. It could go in any number of different ways.

Making sense of the euro for me would mean that those eurozone countries would have to have much more co-ordinated economic policy, much more co-ordinated debt policy.

‘There’s nowhere in the world that has a single currency without having more of a single government.

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A quick recap:

C – Obligations rated C are the lowest rated class and are typically in default, with little prospect for recovery of principal or interest.

C is the lowest rating possible for Moodys.

From the rationale:
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The answer to the 1st question:

The EMEA DC unanimously determined that the specific fact pattern referred to in the first submitted question does not satisfy either limb of the definition of Subordination as set out in the ISDA 2003 Credit Derivatives Definitions (the 2003 Definitions) and therefore a Restructuring Credit Event has not occurred under Section 4.7(a) of the 2003 Definitions.

And then:
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