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Daily Archives: November 16, 2011

Greek Haircut With Long Pigtails… ops! High Interest Rates

Greek PM Lucas Papademos’ meeting with Charles Dallara, managing director of Institute of International Finance (IIF) concluded on Wednesday night in Athens.  Greek media report, the two men discussed the restructuring of the debt and the participation of private investors. I am sure, the two men spoke a common language …

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Athens Stock Exchange Records New Lows Amid Uncertainty

Athens Stock Exchange recorded new lows on Wednesday, with the General Index at -2.41% and big losses for the banks and the FTSE20. Having gone down to 717.93 points, the ASE is especially vulnerable to the financial crisis within the euro zone. To this one should add the ‘haircut’ of Greek bonds talks in …

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New Greek PM Wins Vote of Confidence With Overwhelming Majority

Greece’s new Prime Minister Lucas Papademos received the confidence vote at the Greek Parliament on Wednesday afternoon with  255 YES and 38 NO out of 293 voters in a Parliament of 300. Two PASOK deputies and one from Nea Dimokratia voted NO.. All left parties voted NO to the new Greek …

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Indignant French Dance Solidarity-Sirtaki For Greece (video)

Oh, that’s nice! Dozens Indignants from France try to dance Sirtaki in Paris under the tunes of  “Zorba the Greek” composed by Mikis Theodorakis. A small group gives the lead and soon all Indignants at La Defense square hold each other on the shoulders and dance to the music. On 11.11.11, the Indignant French sent …

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IIF’s Dallara in Athens for Talks with Greek PM, FinMin

Charles Dallara, managing director of Institute for International Finance (IIF) is rushing to Athens on Wednesday for talks with Prime Minister Lucas Papademos and Finance Minister Evangelos Venizelos. The talks will focus on the participation of private investors holding Greek bonds and the proposed 50% ‘haircut’. In Frankfurt, Germany, talks …

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