Articles by Stefan Kaiser
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Inevitability of Debt – The Faustian Bargain between States and Banks
Stefan Kaiser – Der Spiegel,
26 Nov 2012
States and banks have made a deal with the devil. Banks buy the sovereign bonds needed to prop states up in the tacit understanding that the states will bail them out in a pinch. But experts warn that this symbiotic arrangement might be putting the entire financial system at risk.
→ read full articleHaircut Negotiations: Hedge Funds Bet on Profits from Greek Debt Talks
Stefan Kaiser – Der Spiegel,
30 Jan 2012
The negotiations over the Greek debt haircut are becoming increasingly suspenseful, with euro-zone finance ministers and the IMF pushing investors to accept greater losses. Hedge funds, more than any others, stand to profit, and are betting that the voluntary debt rescheduling will fail.
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