Word: moneys
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...many developers may be reluctant to cough up. "20% is astronomically high!," says one analyst, who did not wish to be named. "What builder would give away 20% when they're doing 5% or 10% [pretax] margins? If they gave away 20% of the house price, they'd lose money on every house." He sees a 2% or 5% charge being more reasonable...
...else fails, a reinsurance contract. He says the 20% premium fee will be placed into an investment trust and actively managed over the eight year period. He says he has two banks, Wells Fargo and Credit Suisse, on board to manage the assets and even lend money against the home in year eight if needed. On top of that, he says talks are underway to bring in a reinsurer. "The reinsurers' job is to step in at the end of the day and make up any shortfall should there be a shortfall," he says. "I don't want anyone...
...Greece and the European Union rush to stop the Greek problem from spilling over into the rest of the EU, we urge them to take heed of popular sentiment and not shore up Greek debt with taxpayer money from Germany and France—the only two eurozone economies in a position to help. Doing so would constitute forcing a stronger political union on eurozone and, more broadly, EU member-countries where such a union does not exist and is not wanted by their citizens...
...precisely because such marked differences in sentiment would have to be overcome that even bailing out Greece (or any other eurozone member) with eurozone money would be more than just the small step toward centralized fiscal policy that it may appear to be. It would also be a very large step toward political union—a goal that the EU must not reach too far for until it attains the approval to do so from the popular ballot on which its authority rests...
...obvious source of emergency funds, then, is the International Monetary Fund. Not only is it one of the only institutions with enough money (over $750 billion in lending capacity) to sustainably prop up the Greek economy, but the fund also has unmatched experience in setting troubled economies straight—that, after all, is its purpose. While it is unprecedented for the IMF to bail out a eurozone nation, it has bailed out several EU members including the United Kingdom in 1976 and, more recently, Hungary, Latvia, and Romania in cooperation with...