Greece’s
gross debts add up to around $320 billion in nominal value, according
to the International Monetary Fund. That’s big compared to the
Greek economy, but tiny compared to the world outside. It’s less
than 3% of the entire eurozone economy, which is about $13.5
trillion. So even if Greece refused to pay one more nickel of its
debts — an outcome no one is suggesting — the eurozone could make
up the difference with about eight days’ output ... or an
hour’s money-printing by the ECB.
Jackson Hinkle Official Saudi Arabia's Civil Aviation Authority now confirms that 12 people were killed and 309 injured in Yemen's strike on King Khalid International Airport. Then the strikes kept coming: Terminal 4 in Riyadh, two hits on Dammam's King Fahd airport in 24 hours, Abha, and reports of eight Saudi airports closing. Saudi Airlines is now racing to move billions of dollars' worth of planes out of harm's way, the Misk Global Forum has been cancelled, and the EU–GCC summit has been postponed. After Saudi Arabia struck Yemeni oil fields, Ansarallah issued evacuation warnings for Aramco's Dhahran headquarters, its main Riyadh refinery and King Khalid airport, and footage then showed the Aramco HQ on fire. Now Riyadh is asking for talks in Oman, Trump says nothing happens until after the midterms, and Hinkle shares what the Yemeni delegation went through to reach Iran for the funeral of Sayyed Ali Khamenei.
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