Quote(s) of the Day: Living in (Sur)reality

“Greece is solvent” — Juergen Stark,  ECB Chief Economist

¡Defenderé el peso como un perro! – “I will defend the peso like a dog!”
José López Portillo,  President of Mexico 1976-82

Liquid?  Yes.  Solvent?  No, unless Greece is willing to sell off the country jewels as Mexico’s creditors suggested selling Baja California during the LDC debt crisis.    The bigger question for Mr. Stark is the Eurozone politically solvent?  (click here if chart is not observable)

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This entry was posted in Black Swan Watch, Euro, Quote of the Day, Quotes, Sovereign Debt, Sovereign Risk and tagged , , , . Bookmark the permalink.

3 Responses to Quote(s) of the Day: Living in (Sur)reality

  1. John L says:

    Awesome post.

  2. Cesc Fabregas says:

    Pocamadre post

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