Who will stop the Sado-Monetarists as jobless youth hits 58pc in Greece?

| November 9, 2012 | 0 Comments

Greek unemployment rose to 25.4pc in August. Youth unemployment rose to 58pc. Under the official forecast, the economy will contract by a further 4.5pc next year, so it fair to assume that lots more people are going to lose their jobs. It is certainly not going to improve in any meaningful way for years to […]

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G20 finance chiefs meet

| November 5, 2012 | 0 Comments

G20 finance chiefs have held talks to tackle Europe’s relentless debt saga amid new concerns about Greece, while the United States faced questions about its own fiscal dilemma. Finance ministers and central bank governors from the Group of 20 top economies began two days of talks in Mexico City focused on easing fears over threats […]

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The German bloc will have to take its bitter medicine in Greece

| October 31, 2012 | 0 Comments

Every detail of the Greek economy is worse than officially forecast just weeks ago. The budget unveiled this morning estimates that public debt will reach 189pc of GDP next year (not 179pc). The budget deficit will be 5.2pc (not 4.2pc). The economy will shrink 4.5pc next year (not 3.8pc). Unemployment is already 25.1pc and 55.6pc […]

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German finance minister says Greece will not default

| October 15, 2012 | 0 Comments

Asian shares ease on corporate earnings worryReuters Asian shares fell on Monday on growth concerns ahead of the third-quarter corporate earnings season, lifting the …

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Greek finance minister hopeful of more bailout funds by end-October: Bild

| October 4, 2012 | 0 Comments

BERLIN (Reuters) – Greek Finance Minister Yannis Stournaras expects the troika of international lenders to deliver its report on Greece in mid-October and is optimistic Athens will get a new tranche of aid by the end of October, according to a German paper. Athens held talks this week with inspectors from the “troika” of European […]

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Financial “Crisis” in Greece

| August 24, 2012 | 0 Comments

thank you for the “bailout” Germany. hehe. facebook: www.facebook.com

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UK taxpayers face £1bn bill if stricken Greece leaves the euro

| August 22, 2012 | 0 Comments

By Deputy Political Editor PUBLISHED: 18:10 EST, 21 August 2012 | UPDATED: 01:47 EST, 22 August 2012 British taxpayers will have to contribute to yet another bailout fund for Greece if it leaves the euro, Treasury officials have admitted. The UK would contribute to a soft landing fund for Greece put together by the International […]

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Greece must remain in eurozone: finance minister

| August 20, 2012 | 0 Comments

Greece must remain in the eurozone, Finance Minister Yannis Stournaras said in an interview published Sunday ahead of a week of crucial meetings between the prime minister and EU officials. “We have to stay alive and remain under the umbrella of the euro, because that is the only choice that can protect us from a […]

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More than £100bn could be wiped off the UK economy if crisis in Greece shatters eurozone

| August 16, 2012 | 0 Comments

By Tim Shipman PUBLISHED: 19:35 EST, 15 August 2012 | UPDATED: 19:35 EST, 15 August 2012 More than £100billion would be wiped off the value of the British economy if the crisis in Greece led to the breakup of the eurozone. Senior government sources say secret Treasury estimates have calculated that the UK’s output would […]

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| August 14, 2012 | 0 Comments

A spreading bank run could hasten Greece’s exit from the euro zone but it certainly doesn’t have to end that way. It is far less clear what the impact would be should the wave of withdrawals accelerate in other peripheral states such as Spain or Portugal, which are further from outright revolt over German-led austerity, […]

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