TY - GEN UR - http://lib.ugent.be/catalog/pug01:925748 ID - pug01:925748 LA - dut TI - Griekenland, EU: Fitch is de baas PY - 2010 PB - 2010 AU - Roels, Frank UGent 801000072304 AB - The decision of 16 governments of the eurozone on April 11th was prompted by a new wave of panic in the media, following the downgrading by FitchRatings of the solvability of the Greek state to BBB-. Government budget policies are strongly influenced by the ratings circulated by the media, as well as by the price of state loans on the stock market. Rating agencies seem not to have lost any credibility despite their failure to recognize the risks of the subprime derivatives. Credit default swaps contribute to this process because their value rises when solvability decreases. Paul De Grauwe is very critical of these mechanisms, which threaten the potential of governments to combat the recession. The Greek population pays for the higher intrest that benefits big investments funds and banks. Days later analysts of financial corporations and media continue to create panic about Greece, Portugal, Spain, Italy, Ireland and the UK. ER -Download RIS file
| 00000nam^a2200301^i^4500 | |||
| 001 | 925748 | ||
| 005 | 20161219154835.0 | ||
| 008 | 100414s2010------------------------dut-- | ||
| 024 | a 1854/LU-925748 2 handle | ||
| 040 | a UGent | ||
| 245 | a Griekenland, EU: Fitch is de baas | ||
| 260 | c 2010 | ||
| 520 | a The decision of 16 governments of the eurozone on April 11th was prompted by a new wave of panic in the media, following the downgrading by FitchRatings of the solvability of the Greek state to BBB-. Government budget policies are strongly influenced by the ratings circulated by the media, as well as by the price of state loans on the stock market. Rating agencies seem not to have lost any credibility despite their failure to recognize the risks of the subprime derivatives. Credit default swaps contribute to this process because their value rises when solvability decreases. Paul De Grauwe is very critical of these mechanisms, which threaten the potential of governments to combat the recession. The Greek population pays for the higher intrest that benefits big investments funds and banks. Days later analysts of financial corporations and media continue to create panic about Greece, Portugal, Spain, Italy, Ireland and the UK. | ||
| 598 | a V | ||
| 700 | a Roels, Frank u UGent 0 801000072304 0 811000072385 9 FC5A0D0C-F0ED-11E1-A9DE-61C894A0A6B4 | ||
| 650 | a Business and Economics | ||
| 653 | a rating agencies | ||
| 653 | a Fimalac | ||
| 653 | a subprime derivatives | ||
| 653 | a state loans | ||
| 653 | a credit default swaps | ||
| 773 | t DEWERELDMORGEN.BE g DeWereldMorgen.be. 2010. (12 april) q :12 april< | ||
| 856 | 3 Full Text u https://biblio.ugent.be/publication/925748/file/925750 z [open] y Griekenland_EU_Fitch_ii_.pdf | ||
| 920 | a miscellanea | ||
| Z30 | x UG 1 UGENT | ||
| 922 | a UGENT-UG | ||
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