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Daily Archives: October 3, 2012

Reuters: Greece Looks Out to Sea for Gas Wealth of $600 Billion

Offshore natural gas could dramatically change Greece’s fortunes, should early estimates of $600 billion worth of reserves be confirmed, according to a study presented to Prime Minister Antonis Samaras in June and seen by Reuters. The study, collating existing scientific data, says that geological similarities indicate that reserves offshore Crete …

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A new Troika Demand? Austerity of €10 Billion In a Single Year?

If it’s true, this is, indeed, insane. According to Ta Nea newspaper, Greece’s lenders’ representatives want that almost the whole package of austerity measures will be implemented in 2013 and won’t be distributed more or less equally to 2013 and 2014. The new Troika’s request is allegedly that additional 2 billion …

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