Who Owns The Greek Debt Anyway? A List of Banks and Institutions

Sorry I couldn't make the charts bigger, but if you click on them they will get big enough to see. Sent to us from Shaza via The Disciplined Investor Blog.

http://www.thedisciplinedinvestor.com/blog/2011/10/18/who-owns-the-greek-debt-anyway-a-list-of-banks-and-institutions/

October 18, 2011 9:45 am

Bloomberg has scrubbed through statements and reports to put together some of the top holders of Greek debt. If you were wondering who are the parties at most risk, here you have it.

This may not be the total parties that hold the debt as there are countries as well as private investors that are hanging on to a piece of this pie as well.

A Greek Run on Banks – Charting the Flows

May 21, 2012 1:10 pm

There has been a consistent level of money leaving Greek banks for the past several months. But, last week saw a real surge in the withdrawals as the panic levels are rising since the government is in shambles.

With all of the jawboning over the last 18 months, did the EU countries (Germany and France) ever really expect to get paid back the billions of Euros they lent to Greece?

Let’s get real – there is no math that has been discovered up to this point that can balance this equation. Too much debt, too little income – austerity… Who are they kidding?

From the WSJ

Greek President Karolos Papoulias told the country’s political leaders that bank withdrawals plus buy orders received by Greek banks for German bunds totaled some €800 million on Monday, a transcript of his comments said. A central bank official confirmed the figures.

“The strength of banks is very weak right now,” Mr. Papoulias said, citing a conversation he had with Greek central-bank Gov. George Provopoulos.

Monday’s deposit withdrawal far outpaced Greek banks’ steady decline in deposits since the start of the country’s debt crisis in 2009, as depositors withdraw cash and transfer funds overseas. In the past two years, deposit outflows have generally averaged between €2 billion and €3 billion a month, though in January they topped €5 billion.

Where is the money going? Obviously to the “strong” countries. In the EU, that would be Germany.

Boom to cause space squeeze

Queensland's booming resources and finance sector is set to cause a shortfall in Brisbane office accommodation, a major developer said today.

Leighton Properties state manager Brian McGuckin told reporters there was "unprecedented demand" for office space in Brisbane as he toured the top level of the company's new CBD building, King George Central.

"We really need more properties like this to get up and to get up quickly to satisfy that demand," he said.

Read more: http://www.brisbanetimes.com.au/business/property/boom-to-cause-space-squeeze-20120522-1z2jh.html#ixzz1vexFGT00

Housing a worry but economy booming, says OECD

REAL estate prices are under threat from the high dollar along with confidence and jobs but the Organisation for Economic Co-operation and Development says Australia is set to grow at just about the fastest pace in the developed world for decades to come.

The OECD Economic Outlook, released last night in Paris, puts Australia near the top of the tree for economic growth during 2012, behind only South Korea, Mexico and Chile. While Australia's economy is set to grow at 3.1 per cent this year, close to the budget forecast, the US should grow at 2.4 per cent, Britain 0.5 per cent and Italy and Greece should slide further into recession.

The report credits the mining boom for keeping Australia ahead of the pack but says consumer caution and the ''persistently high exchange rate'' are holding back other parts of the economy.

Read more: http://www.smh.com.au/business/housing-a-worry-but-economy-booming-says-oecd-20120522-1z39s.html#ixzz1vexV4B6F