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Jul 13, 2011

GREECE News, Jul 13, 2011


Greece, Spain, Italy….How Do You Systematically Innovate a Country?
Forbes (blog)
Today it is Greece. Portugal is forgotten. Spain will re-enter the frame soon. What they have in common is a need for deep structural change in their economies. Sure the debt crisis is immediate but it won't be solved without a new economics. ...
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Greece: Where Profit Is Taboo
Wall Street Journal
The accepted wisdom is that Greece's tragedy began when it joined the euro zone in 2001. The rich-country currency club allowed Athens to borrow at interest rates tailored to Berlin and amass debts totaling 155% of GDP today. ...
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IMF calls on Italy to solve debt burden
FXstreet.com
FXstreet.com (Barcelona) - With the Eurozone´s 2nd highest debt level relative to GDP, only trailing Greece, the IMF today made strong comments urging Italy to take decisive actions to cut spending so as to stave off risks of contagion. ...
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Greece suffers brain drain as youths hunt for work
Sofia Echo
"What I see now, really many people think about this and one of them is me, is that many young people are seriously thinking to go abroad, to leave Greece once and for all," said Areti. Today, she is living in Athens with her boyfriend. ...
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Gold and silver doing their job in Greece
Mineweb
We are of the opinion that more than just Greece is being discussed at the EU Finance Minister's conference today. The deeper implications have to be addressed going down to the fundamentals of the EU itself. Do not be surprised if some structural ...
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Family Differences, Global Issues
New York Times
Andrea G. Papandreou Foundation, via Associated Press George Papandreou, back left, led Greece, as have his son Andreas and his grandson George. George A. Papandreou, the prime minister of Greece, comes from a family of politicians. ...
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Greece May Not Complete All Planned Asset Sales
Bloomberg
Greek bonds fell for a third day today, pushing the 10-year yield spread over German securities to 1416 basis points. Finance ministers are meeting in Brussels today to discuss a further rescue package for Greece as they seek to halt contagion in the ...
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Special Olympians Return Home In Triumph
Channel 7 Daily News
Belize's Special Olympics 5-a-side football team returned today from Athens Greece triumphantly. In their first time at the games, the team won the bronze medal at the Special Olympics World Summer Games. It's the first time Special Olympics Belize ...
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Why Parthenon Is the Top Google Search Term Today
Benzinga
So, the question remains. "Parthenon" is a top-10 search term today. Everyone knows the economy of Greece is getting worse by the day. The country just received a $4.6 billion cash infusion from the International Monetary Fund. ...
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Stocks, Euro Retreat, Treasuries Gain
Bloomberg
Riskier assets reversed some losses early today Italy and Greece sold debt and Luxembourg Finance Minister Luc Frieden said selective default on Greek debt is not an option envisioned by euro-region finance ministers, while European Union Economic and...
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Greece's Venizelos Says Exploring Ways to Include Private Sector
San Francisco Chronicle
European Central Bank President Jean-Claude Trichet said there are 36 different scenarios for private sector involvement, the minister told reporters in Athens today, on his return from Brussels. The central bank won't accept any solution that leads to ...
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'MISS PIGGY HAS TONED IT DOWN A BIT TODAY'
Newstalk 106-108 fm
This is after Minister Michael Noonan had said that measures to aid Greece proposed by European finance ministers in Ecofin meetings, would benefit Ireland. Moody's downgraded Ireland from “Baa3” to “Ba1”, which is a speculative grade rating, ...
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Will The Internet Take Down The Euro?
Forbes (blog)
This number is about 10% of Greece's GNP. Greece's budget deficit was around 10.5% of GDP in 2010, compared with around 3% for Germany. Germany's economy runs a trade surplus of over $150 billion per year while Greece ran a trade deficit approaching ...
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Discovery Space museum set to open today
Centre Daily Times
Furnace man wins silver at Special Olympics Pennsylvania Furnace resident Greg Focht recently won a silver medal in golf at the Special Olympics World Games in Athens,Greece. Focht, 45, played nine holes each day on June 27 and 28 during the ...
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Gold bullion versus gold stocks and Europe's continuing debt problems
Mineweb
We felt that that could further hurt the economic implications of a country similar toGreece but in so many ways much bigger than Greece, so the fact that Italy now is becoming such headline news troubles us and we feel that Italy having debt that ...
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Greece truck driver ticketed after fatal crash in Wheatland
Rochester Democrat and Chronicle
A trucker was ticketed after a two-vehicle crash in Wheatland that killed another motorist Monday, Monroe County sheriff's deputies announced today. John F. Ariano, 55, ofGreece was distracted and did not stop at the intersection of North and ...
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Travel review: The beauty of Greece
Yorkshire Evening Post
Even today there's a serene ambience. It's amazing that so many relics have remained, considering the earthquakes which the island has experienced, the most catastrophic of which was in 1933, when many buildings fell, only to expose more ancient ...
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Domestic factors to drive Indian markets
Business Today
While Greece is on the boil, speculations that a number of Spanish and Italian banks will fail the second round of EU stress tests are weighing on Europe's risky assets and the Euro. And elsewhere, the sentiments are turning precautious with worries of ...
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Bernanke to Testify in Congress Today
Forexyard
The yen has been gathering momentum these past few weeks as risk aversion became predominant in the global market following news of Greece's debt woes, a global manufacturing slump, and rising energy costs. Fears of a debt contagion spreading from...
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Greece ignores racism to pursue alliance with Israel
Middle East Monitor
Papoulias spoke of a "common culture" between Israel and Greece, ignoring the all-too obvious fact that racism represents the heart and soul of Israeli political and popular culture today. Is such vile discrimination held in common with the Greeks? ...
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Rehn Says Consensus Reached on Private-Sector Role on Greece
Bloomberg
“This was lengthily discussed yesterday in the meeting of the eurogroup, understandably because it's a difficult issue,” Rehn told reporters in Brussels today. “The ministers came to a consensual agreement on the parameters for private-sector ...
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Swiss Stocks Rise, Snapping Three-Day Slide; Credit Suisse, UBS Lead Gains
Bloomberg
Industrial output advanced 15.1 percent in June, its largest gain since May 2010. Ireland joined Portugal and Greece as the third euro-area nation to have its credit rating reduced to below investment grade as European Union finance ministers struggled ...
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Irish debt cut to 'junk' status as euro zone crisis deepens
Irish Times
Photograph: Jock Fistick/Bloomberg Irish debt was cut to “junk” status by credit rating agency Moody's last night, hours after the Minister for Finance said that measures to aid Greece proposed by euro zone finance ministers would benefit Ireland. ...
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Italy Sells Bills as Borrowing Costs Soar Amid Greek Contagion
San Francisco Chronicle
Italy sold the bills as European policy makers meeting in Brussels today struggled to fixGreece's finances and stop contagion from the debt crisis. The yield investors demand to hold Italian 10-year instead of German bunds advanced to a euro- record ...
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No 'Immaculate Solution' for Europe Debt Crisis, El-Erian Says: Tom Keene
Bloomberg
The 27 EU finance ministers continued meetings today after euro-region officials said late yesterday that they may revive bond buybacks to ease Greece's debt woes. An ECB press officer declined to comment on whether it bought so-called peripheral ...
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Today's Top Stories in the Financial World
Motley Fool
After weeks of tension in Greece, accompanied by protests and an unpopular austerity program, it seems Europe's perils are far from over. The debt crisis appears to be spreading to Italy and Spain. European Union leaders will hold an emergency summit ...
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Hamish McRae: The debt crisis will change the way we live
The Independent
This is not just about the indebtedness of Greece; nor that of the other weak eurozone countries; nor about the future of the euro; nor, as we will learn today, that the liabilities of the British Government are far higher than the official figures ...
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EU Bailout Fund Loans Could Be Channeled to Buybacks, Aide Says
San Francisco Chronicle
July 12 (Bloomberg) -- Loans from the euro area's main bailout fund could be used to finance debt buybacks in Greece or other countries receiving rescue packages once political leaders allow such measures, a European Union official said. ...
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Italy Stocks Rebound From Two-Year Low as Government Sells Treasury Bills
Bloomberg
Greece, Ireland and Portugal have already received European Union-led bailouts. Berlusconi said today that his government and the opposition will work to defend the nation. Italian Finance Minister Giulio Tremonti left a meeting of European Union ...
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Euro-ETFs In Focus, From Greece to Italy and Beyond (EWI, EWG, VGK, EZU)
24/7 Wall St. (blog)
In something of a surprise, markets in Europe have recovered a bit today as a sale of Italian bonds went off as planned and there are rumors that the European Union may buy Italian debt in an effort to forestall the drop in European stocks. ...
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Dollar Pauses After Pounding Euro; Greece Default Chatter Picking Up
RTT News
The inflation rate held at 2.4 percent from May, the Federal Statistics Office said today. British annual inflation slowed unexpectedly in June from a two-and-a-half-year high, led by lower costs for recreational goods. But inflation stays above the 2 ...
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Satyajit Das: “Progress” of the European Debt Crisis « naked ...
By Yves Smith
In Greece, the austerity program has led to a deep recession with Gross Domestic Product (“GDP”) falling by 4.5% in 2010 and forecast to fall by over 3.0% in 2011, a result worse than the IMF plan forecast. ...
naked capitalism
War News Updates: President Obama Threatens To Hold Up Government ...
By War News Updates Editor
I saw it happen in the former Soviet Union in the early 1990s, I see it in places likeGreece today, and yes .... unfortunately .... I do expect to see it in the U.S. one day. Posted by War News Updates Editor at 3:00 PM ...
War News Updates
€´s FUTURE
By mvalls
Greece is the ostensible problem and the stated reason for today's EU emergency meeting, but they will discuss Italy. Italy's debt costs are still relatively low, but the Bund spread is growing and their cost of debt relative to the ...
Lateral Thinking
Today Greece. Tomorrow Europe's Gucci-clad elite | Paul Mason ...
Paul Mason: Protesters in Greece are on to something: the country's solvency crisis poses survival issues for the entire eurozone.
www.guardian.co.uk/.../30/today-greece-gucci-elite-eurozone
Greece Debt Crisis Today Compares to Germany 1923 :: The Market ...
Greece Debt Crisis Today Compares to Germany 1923 :: The Market Oracle :: Financial Markets Analysis & Forecasting Free Website.
www.marketoracle.co.uk/Article29013.html
Michael Hudson: Greece today, the U.S. tomorrow | eats shoots 'n ...
That demand was echoed by Greece's finance minister. “We need today a very strong message of stability, not only in Greece but in (the) eurozone,” Evangelos ...
richardbrenneman.wordpress.com/.../michael-hudson-greece-t...
DON'T GET SHOCKED….IT'S THE REALITY OF GREECE TODAY | Indignants ...
IT'S THE REALITY OF GREECE TODAY. Kisheu says: 09/07/2011 at 20:36. All my respect for you guys!! Keep Going in!!and never give up!! Support from Tunisia! ...
wordpress.particlestudios.net/.../dont-shock-its-the-reality-of-g...
UTV News - Today Greece. Tomorrow Europe's Gucci-clad elite
Paul Mason: Protesters in Greece are on to something: the country's solvency crisis poses survival issues for the entire eurozone.
www.u.tv/news/.../fce80df5-fbc9-4364-8df4-60bba5e393fe
YouTube - US worse than Greece (From Russia Today, July 4-2011)‏
This week Max Keiser and co-host, Stacy Herbert, report on 'no buyers' at the firesale of Greek national income producing assets and on Ben ...
www.youtube.com/watch?v=lNsSNlTwND4
Today Greece. Tomorrow Europe's Gucci-clad elite | Phantis
Today Greece. Tomorrow Europe's Gucci-clad elite ... Protesters in Greece are on to something: the country's solvency crisis poses survival issues for the ...
www.phantis.com/.../today-greece-tomorrow-europes-gucci-cl...
Eye on a Crazy Planet: Everyone buy a souvlaki today!!! Greece ...
Everyone buy a souvlaki today!!! Greece sank the Sea Hitler!! Well, not sank, but it's leaking after a good Greek ramming! The crippled Sea Hitler has been ...
eyecrazy.blogspot.com/.../everyone-buy-slouvaki-today-greec...
Today Greece. Tomorrow Europe's Gucci-clad elite - things that stick
Today Greece. Tomorrow Europe's Gucci-clad elite. Many of the small businesses that line these streets are doomed: the small specialist shops – that sell ...
stuck.josswinn.org/today-greece-tomorrow-europes-gucci-clad...
Nearly 2000 Indians leave debt-hit Greece - Business Today ...
As the Greek parliament approved a multi-billion Euro asset sale that prompted headlines of.
businesstoday.intoday.in/story/indians-leaving.../16753.html
Euro exchange rate today: Greece just won't go away - Euro ...
A second Greek rescue program is clearly in the pipeline, but questions remain over the scale and nature of any private sector participation, th.
www.euro-exchangerate.com/euro-exchange-rate-today-21-05...
Miss Greece Universe 2010, Anna Prelevic, 20 - Miss Universe - Zimbio
Anna Prelevic was crowned Star Hellas 2010 (Miss Greece Universe 2010) at the Finale of the Star Hellas-Miss Hellas-Miss Young pageant in Athens and ...
www.zimbio.com/.../Miss+Greece+Universe+2010+Anna+Prel...
Greece “sold out today”………Europe tomorrow! « The Big Green Lie
Greece “sold out today”………Europe tomorrow! By thebiggreenlie. I.M.F. “ass rapes”Greece! Photo. Riot police detain a demonstrator during a protest in ...
thebiggreenlie.wordpress.com/.../greece-sold-out-today-europ...
Greece: Positive bankruptcy - Stock Market Today
Greece: Positive bankruptcy I like it. Foreigners are the well-dressed, chic. This is important for a French woman. She speaks English very well, ...
www.stock-market-today.cc/.../Greece--Positive-bankruptcy.ht...
Raymond Poon's reading notes: Well done Greece today, but you are ...
Well done Greece today, but you are Sisyphus. I read the commentary by a financial analyst on the Greek national debt crisis. His view was pessimistic, ...
raympoonnotes.playgroundhk.com/.../well-done-greece-today...

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