Slog Prediction Vindicated as Fitch Downgrades Greece, to Call Default on Bond Swap
http://hat4uk.wordpress.com/2012/02/22/slog-prediction-vindicated-as-fitch-downgrades-greece-to-call-default-on-bond-swap/ Moody’s admits it is monitoring ‘development’ of rating Papademos rumoured to be mulling further election postponement I have never known the major ratings agencies so tight-lipped as they have been over the…
Greece Burns as Police Threaten to Arrest EU & IMF Leaders
Alex Newman | The New American | February 14 2012 Following the approval of fresh austerity measures in Greece demanded by the European Union and the International Monetary Fund to qualify for the next…
Greek Protests Continue As Lawmakers Pass Severe Austerity Measures
NICHOLAS PAPHITIS and DEREK GATOPOULOS 02/12/12 11:41 PM ET http://www.huffingtonpost.com/2012/02/12/greek-debt-deal_n_1271524.html ATHENS, Greece — Greek lawmakers on Monday approved harsh new austerity measures demanded by bailout creditors to save the debt-crippled nation…
Greece Warns Bailout Rebels of Unknown, Dangerous Path
By Harry Papachristou and Lefteris Papadimas http://yhoo.it/xGqmqn ATHENS (Reuters) – Greek leaders told a growing band of rebellious lawmakers on Saturday to back a deeply unpopular EU/IMF rescue in parliament or send the nation…
Greece Falters in Debt Talks with Creditors
Louise Armitstead, The Telegraph February 5, 2012 http://tgr.ph/xe4upV The Greek prime minister has failed to secure a bondholder agreement despite appealing for help from the bosses of the International Monetary Fund (IMF) and the…
The Experts’ View on the Euro’s Future: It Doesn’t Have One
OLIVER WRIGHT, BEN CHU THURSDAY 02 FEBRUARY 2012 http://www.independent.co.uk/news/world/europe/the-experts-view-on-the-euros-future-it-doesnt-have-one-6298180.html The eurozone cannot survive in its current form – that is the alarming prediction of top economists and politicians of all political hues, among them…
We’re on the Brink, Warns Greece Ahead of EU Summit
Greece faces “the spectre of bankruptcy and all the dire consequences that entails”, the Greek prime minister warned last night. James Kirkup, The Telegraph, UK, 01-29-2012 http://www.telegraph.co.uk/finance/financialcrisis/9048157/Were-on-the-brink-warns-Greece-ahead-of-summit.html Lucas Papademos said that unless the country’s…
Eurozone Is Closer to Breakup, Warns Standard Chartered’s Peter Sands
The Telegraph, 01-05-2012 http://www.telegraph.co.uk/finance/financialcrisis/8986159/Eurozone-is-closer-to-break-up-warns-Standard-Chartereds-Peter-Sands.html The head of one of Britain’s “Big Five” banks warned that any break-up of the single currency would have dire consequences for the global economy because it would be…
Greeks Fearing Collapse of Eurozone Pull €12.3bn from Banks
By Helena Smith Friday 16 December 2011 11.39 EST http://www.guardian.co.uk/business/2011/dec/16/greeks-fearing-collapse-of-eurozone-bailout-pulled-record-sums-from-bank An unprecedented exodus of capital from Greece – peaking in a record number of withdrawals from banks in recent months – has exacerbated the liquidity crisis…
