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Daily Archives: August 8, 2012

“EU Source” Claims No €31-Billion Bailout Tranche Before October

The notorious but anonymous “EU source” spoke again. And said that Greece would not receive the €31-billion bailout tranche before upcoming October. Greece has been expecting to receive the financial aid in September, but the EU source claimed Greece’s lenders won’t give any green light to the tranche, before the Eurogroup meeting in …

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Greek Government Crisis No 2: The Hot Potato of “Labour Reserve”

Greece’s three-party coalition government faces a new test. The cohesion of Samara’s government is under strong pressure due to some measures essential to reach the volume of 11.5 billion euro spending cuts. Precisely the issue of “labour reserve” in the public sector threatens to bring Greek government into falling apart. Two junior government …

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Standard & Poor’s Revised Greece’s Outlook to Negative

 Ratings agency Standard & Poor΄s on Tuesday revised Greece΄s outlook to negative, saying the debt-ridden euro zone country could need more help from its international creditors. “Following delays in implementing budgetary consolidation measures and a worsening Greek economy, we believe Greece is likely to require additional financing for 2012 under …

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