"The math does not work," said Jonathan Tepper, the founder of Variant Perception, a research firm in London.
"Dubai shows us that what we are now facing is a solvency issue, not a liquidity issue," said Jonathan Tepper, a partner at Variant Perception, a research house in London that has been outspoken on the debt problems facing European economies.
A recent report by Variant Perception, a research firm based in Charlotte, N.C., said the British fiscal situation was "already on a par with some of the worst financial crises in the postwar period that have precipitated currency crises".
"The problem in Spain is not government debt, it's private sector debt," said Jonathan Tepper of Variant Perception, a London-based research boutique with a specialty in Spain.
"The issue is rollover risk," said Jonathan Tepper of Variant Perception, a research house in London known for its bearish views on Spain.
"Eighty percent of Portugal's debt stock is held by foreigners," said Jonathan Tepper, an analyst at Variant Perception a research firm in London.
"The problems in the periphery are getting worse, not better," said Jonathan Tepper, an analyst at Variant Perception, a research firm based in London.
"I don't think anyone wants to be long European banks right now," said Simon White, an analyst and partner at Variant Perception, a London-based research firm.
The cost of labor in Greece from 2005 to 2010 has been, on average, 25 percent higher than in Germany, according to a recent analysis by Variant Perception, a research firm based in London.
"All the leading indicators for the peripheral economies are negative, so it is logical that these countries will fall short of their projections," said Jonathan Tepper, an analyst at Variant Perception, a London-based research boutique.
