Saturday , October 21 2017
Home / Tag Archives: portugal (page 4)

Tag Archives: portugal

Bundesbank: No ban on Sovereign Debt Collateral from Greece, Ireland & Portugal

UPDATE: Germany΄s Bundesbank said on Monday (April 2/2012) that it will continue to accept all euro zone sovereign bonds as collateral in its lending operations, rejecting media reports that it had stopped taking debt from EU/IMF programme countries. On March 30, German daily Frankfurter Allgemeine Zeitung reported, that Germany’s Bundesbank …

Read More »

Germany, Greece and Seven Other EZ Members Support the Tobin Tax

Germany, Greece and seven other eurozone member countries support the idea of “Tobin Tax” (FTT) on financial transactions. German daily Sueddeutsche Zeitung reported, the finance ministers of Germany, Greece, Italy, France, Austria, Finland, Belgium, Spain and Portugal sent a letter to EU Danish Presidency and request to “overcome all relevant difficulties until …

Read More »

Eurostat: Recession in Greece at -7% in Q4 2011

Recession in Greece hit -7% in the last three months of the 2011, in comparison to the same period of 2010, according to latest Eurostat report. Recession has been also recorded in Portugal (-2.7%), Slovenia (-1.5%), the Netherlands (0.7%), Italy and Cyprus (-0.5%). The biggest growth was recorded in Lithuania …

Read More »

German FinMin’s Sweet Whispering: Schaeuble Promises to Rescue Portugal, Once Finished with Greece (video)

There they are at the Eurogroup meeting on Thusrday, Feb 9, 2012: German Finance Minister Wolfgang Schaeuble and his counterpart from debt-ribben Portugal, Vitor Caspar. The two men speak with a low voice, secretly. In fact, it is the German FinMin who gives the tune and the Portuguese bows his head approvingly. Schaeuble: “If then there would be …

Read More »

Is Portugal the Next Greece? And How About Ireland?

While Greece struggles in Brussels to convince its European partners of its good intentions, Portugal seems to follow the path of Greece. The IMF prescription programme didn’t help the Portuguese economy either. On Monday borrowing costs for Portugal rose to euro-era highs. The same happened with CDS that hit a record of …

Read More »

Troika-EU Repr. Kröger: Portugese Are Better than Greeks!?

Apparently, debt-ridden and well-behaved Portuguese are better than broke and defiant Greeks. In fact, “Portuguese are good and Greeks  are …bad (?)” if we want to believe German Juergen Kroeger, EU representative of the Troika group supervising the bailout package in  Portugal. This sentence from Kroeger angered the journalists in Portugal …

Read More »

The Never Ending Plight of Greek Debt Drives CDS & Spreads High

ECB President Jean Claude Trichet made on Thursday a clear point on Greek Debt and the additional bailout. “ECB’s position does not change. Participation of private sector is voluntary. We don’t want a ‘selective default”. Trichet was speaking during a press conference and gave this answer when he was asked …

Read More »

Moody’s Violently Kicked EU’s Butts Over Portugal

Finally the kings and queens of European Union and relevant royal families like the one in Germany woke up. In fact, they were violently rose from their beds with a painful kick landing at their snobbish butts. They came running down the imperial staircase to the living room. Confirmed reports insist,  it …

Read More »

Is the “Euro-Drachma” a solution for Greece?

Is the “Euro-Drachma” a solution for the Greek crisis? No, not, a coin featuring Euro on one side and Drachma on the other side, as an internet user posted in a Greek economic forum. But the  Euro-Drachma would be the currency to be used for the internal trade within Greece, …

Read More »

Merkel to Greece: Reduce Vacation Days!

I am indeed speechless today from the German …creativity! First the BILD newspaper, now DER SPIEGEL magazine featuring the German Chancellor, Ms Angela Merkel. In an rare outbreak of populism the conservative politician blasted “Greece and demanded that Athens raise the retirement age and reduce vacation days!”   “We can’t have a …

Read More »

Ireland and Greece will help to bail-out Portugal

That’s lovely and shows real solidarity among the impoverished  of the euro zone. After they got bailout themselves, Greece and Ireland are going to put on the counter their own part of their own bailout loan to bailout Portugal. Then Portugal, a country seeking now a €90 billion bailout, had …

Read More »

CMA-report: Greece tops Debt Risk List 1Q 2011 – Again

Greece  is considered as the world’s most risky to default and tops again the CMA list of Sovereign Debt Risk Report with a 58% chance of a debt restructuring occurring within five years. The London-based CMA released Global Sovereign Credit Risk Report refers to the first Quarter of 2011. On the Top …

Read More »

Sotiria Bellou: Min Klais – Dedicated to IMF bailout countries (music video)

I just read in our FB page the worries of a Portuguese woman about the inevitable country’s bailout  by the International Monetary Fund hawks. She was wondering how doe sit look like to be in the arms of speculators… creating a post-modern lumpenproletariat in the 21st century! The old, nice, …

Read More »

The Economist: GR, IE & PT should restructure debt – They’re bust!

That’s a nice article to boost our spirit. And thus on April Fool’s Day, on the first day of the month. Stoned-aged old grannies used to say “How the month begins, so the month ends”. They meant that if the first day of the month is good/bad, the whole month would be good/bad. Old grannies …

Read More »

Prof. Rogoff: Greece Debt Restructure Inescapable

I have been trying for quite some time to find out why I smoke more in the morning than the rest of the day. Now, I think, I know. Because of the crap and self-repeating news I read in the morning… In fact, I’m fed up with the pressure some …

Read More »

IMF Economist: Greece will need 10 years to return to growth

 Greece needs more austerity measures and a good decade to return back to healthy growth, the International Monetary Fund predicts. “Greece, Ireland and Portugal will continue their fiscal consolidations to cut budget deficits”, International Monetary Fund said in a report on the global fiscal outlook. In a short reference to …

Read More »

Non-Stop Scenarios on Greek Debt Restructure in Davos

The issue is getting out of control as  ill-favored  Prophets keep circulating  debt restructuring omens and spells amid denials not only by the EU and the IMf but also by the Greek governemnt . I just wonder, what these self-proclaimed oracles have been chewing … “laurel leaves” like in Ancient times …

Read More »