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Aug 15, 2011

GREECE News, Aug 15, 2011


Why Is France Now in the Crosshairs?
Action Forex
Although the 7 percent of GDP deficit that the French government incurred in 2010 is significantly lower than the red ink racked up in Greece - last year the Greek government had a deficit that exceeded 10 percent of GDP - it is high enough to keep the ...
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Dutch Say Better to Remove Greece From Euro Than Extend Loans, Poll Shows
Bloomberg
Lawmakers responsible for finance are cutting their vacations short to question Prime Minister Mark Rutte and Finance Minister Jan Kees de Jager on the size of the Dutch contribution to a secondGreek bailout package on Aug. 16. ...
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Terms of Spectrum Auction in Greece Rankle Operators
New York Times
By KEVIN J. O'BRIEN BERLIN — This November, the Greek government hopes to raise as much as €300 million by auctioning some of the best parts of its broadcast spectrum to three mobile network operators. Proceeds from the sale would help Greece weather ...
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Germany baulks at euro rescue, insists on rules
The Associated Press
The media were flooded with stories of Greek tax-dodging and corruption. "Germans are a very disciplined people, this characteristic has also made us masters of export in the global economy," said Peter Walschburger, a professor at Berlin's Free ...
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The Associated Press
DAVID MARSH: Financial crisis
Business Day
The Byzantine complexity of the latest deal for a new €109bn Greek bail-out underlines the difficulty of reaching compromises that can satisfy a wide range of players with contradictory requirements. The accord does not go far enough to reduce the debt ...
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Report advises FYRMacedonia to quickly resolve name dispute
EMportal
The placing of a statue of Alexander the Great in the central square in Skopje, Fyrom in June drew strong reaction from the Greek Foreign ministry. A report by the Brussels-based non-governmental organisation "International Crisis Group" on the ...
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Soros: Greece, Portugal Must Leave Eurozone
Novinite.com
Soros was especially critical on the Greek bailout rescue plan. "It was so bad that the best that can be done now is a phased leaving of Greece from the zone," said Soros, adding that Portugal should do the same. In the past, Soros has already claimed ...
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Novinite.com
Tara Reid in shock Greek wedding
Musicrooms.net
Tara is currently vacationing in Greece with now-husband Michael, and told fans married life is agreeing with her so far. "Just got married in greece I love being a wife (sic)," wrote the star. It was only a few hours before that she had shared her ...
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Art scene thrives on idyllic Greek island
The Seattle Times
The contrast could not have been lost on the 300 or so art-world habitués who had gathered on the small island of Hydra in Greece on an early summer night. The artists Brice Marden and Maurizio Cattelan were there; so was the actress Chloë Sevigny, ...
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Greece will celebrate the Feast of the August full moon
cottages-for-holidays.com
Now the festival has acquired greater scope and significance, and it is the only day of the year, when the people of Greece and tourists can quite easily (and with rare exception for free) visit historical museums and archaeological sites at night. ...
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cottages-for-holidays.com
Turkey postpones pursuit of Greek debt in good will gesture
Today's Zaman
Energy Minister Taner Yıldız stated that Turkey was not going to exercise its right to arbitration and will postpone recovery of the Greek debt until Greece gains financial stability, according to a reportin the Vatan newspaper on Sunday. ...
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'There Will Be No Rescue at Any Price'
Spiegel Online
That made it possible for us to improve the terms of Greek loans. Greece is able to handle its debt burden, provided the government implements all the measures that were agreed upon. Greece needs to become economically productive. ...
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To the Germans
Kathimerini
And though we are in the same boat, we hear more and more often that many Germans – from top policy makers to media moralists and opinion polls – would like to see Greece sink, like Plato's Atlantis. The European Union, the greatest achievement of ...
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Forex - EUR/USD, USD Index Flows: BGA Boerner urges Eurobonds at Merkel ...
FXstreet.com
I think that the Greek problem has been sufficiently mishandled by the European authorities that this may well be the best solution. Europe, the euro and the financial system could survive Greece leaving. It could survive Portugal leaving. ...
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FXstreet.com
London riots reduce lies of left to ashes
Asia Times Online
Thus, Chinese buying Greek debt is as much a calculation on the part of the former as it is of the latter that a failure to repay to the Chinese will have unhappy consequences in other areas. The most telling aspect of the current crisis management (or ...
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Stock Market Experiences Come To Jesus Moment
The Market Oracle
Yeah, it makes sense to me! And yes, there is more bad news today. The Greek GDP for Q2 has come in at minus 6.9%. With the economy contracting sharply, where will Greece find the extra money to pay for their latest bailout package from the ECB? ...
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Uncertainty grips markets in a week of ups and downs
nebusiness.co.uk
As concerns over Greek debt recede following bail-outs and agreement on austerity measures, attention is now focused on Italy and Spain. To try to calm investors, the European Central Bank has started to buy Italian and Spanish debt, which they hope ...
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Sicily: One holiday at three different prices
Mirror.co.uk
"It's true - Libya is our neighbour, and Tunisia is closer than Greece. "Even in autumn the sea is warm enough for swimming! Now come - have you ever seen lemon pickers at work?" It was with some reluctance, after watching deeply-tanned workers ...
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Jorge Castañeda On Mexico's Eternal Mañana
VDARE.com
Their goal was for America to give vast sums to Mexico for its economic development, just as Germany had subsidized Greece to bring the Greeks up to Europe Union standards (at least in theory). "That's what Fox essentially wants, the type of resource ...
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Enlargement Hurdles
Transitions Online
At the 1999 summit in Helsinki, the EU decided that it would not grant membership to Cyprus until a solution has been found to the division of the island between Greek and Turkish zones. The EU is likely to push desperately for a reconciliation in ...
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Greek taxi strikers give tourists free ride - Yahoo! News
Read 'Greek taxi strikers give tourists free ride' on Yahoo! News. ATHENS ( Reuters) - StrikingGreek taxi drivers tried to placate angry tourists Tuesday, ...
news.yahoo.com/greek-taxi-strikers-tourists-free-ride-094048...

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