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Daily Archives: June 5, 2012

Lagarde Advices Greece to Take an Austerity Example at Latvia, Although Not Euro-Zone Member

I think head of IMF Christine Lagarde is confused. Totally confused. While a couple of months ago, she seriously proposed wages in Greece should reach the level of Croatia [too lazy to search the link], now she made a turn up to the North. No, she didn’t propose that wages in Greece …

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Athens Stock Exchange Plunges -5.09%

Athens Stock Exchange plunged on Tuesday due to the general situation within the euro zone with Spanish banks on the verge of collapse and the political uncertainty in Greece.  Today’s turbulent session concluded with the General Index at 476.36 points recording losses of -5.09% while the banking sector index declined 11.2%. On Tuesday, …

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As Spainish Banks Collapse, German FinMin Blames Greece

Euro zone’s fourth biggest economy is collapsing. In a dramatic appeal Spanish Treasury Minister Cristobal Montoro signaled on Tuesday that the credit markets are shut for Spain and that the debt-ridden country cannot borrow money anymore. Prime Minister Mariano Rajoy is claimed to press for a direct European rescue package to save his …

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Politicians Brawl Over the Body of the Greek Patient Struggling to Get Life-Saving Medicines

The greatness of their insignificance show politicians fighting over the exhausted body of the Greek patient. The ball of responsibility is thrown in all directions. While patients struggle to find life-saving medicine, the Greek health sector has collapsed, the National Healthcare System (EOPPY) has difficulties to get important supplies, pharmacists do not hand …

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