05-06-2015, 10:37 PM
The relationship between the government of Greece and the rest of the eurozone increasingly resembles a bad marriage. The two sides are sick of the sight of each other. Mutual trust has broken down. Efforts to patch things up continue, but nothing seems to work.
Grexit may be the best end for a bad marriage - FT.com
But in the event, regulators missed a trick: what sparked market turmoil when Lehman failed was not the credit derivatives contracts, but a legal issue that had previously been ignored, namely that the UK bankruptcy code ringfenced investor assets differently from New York’s.
US fears a European sequel to Lehman Brothers - FT.com
Greece’s new line of argument focuses on what it says are divisions among the international creditors. The IMF won’t compromise on labor deregulation and pension reforms, while the European Commission is insisting on fiscal targets being met, said the government official, who spoke on condition of anonymity because the talks are confidential. The commission is also refusing to consider a debt writedown, he said.
Greece Attacks Creditors as ECB Considers Next Step - Bloomberg Business