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Tag Archives: bailout

Poll: 8 out of 10 Greeks ‘pessimist’ about the Economy

Eight out of ten Greeks declare, they are “pessimist” as far as the course of economy in general and their own economic situation in particular. In a poll conducted by the Athens Chamber of Commerce & Industry with the title “Economy Barometer” 1,000 Greeks through out the country were asked between …

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Greek PM: We will need another bailout package in 2012, if…

Greece had one year time to return to the markets, otherwise it would  need a new aid package from the IMF/EU/ECB-Troika. This is the message prime minister George Papandreou has reportedly conveyed to German Chancellor Angela Merkel during their talks last Tuesday in Berlin, according to Sunday newspaper To Vima.  “If you don’t …

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Greek PM: We don’t sell our islands!

Greek Prime Minister George Papandreou stressed that Greece will not sell any of its islands to reduce the country’s debt, according to Reuters. “Anything like that is ruled out,” Papandreou told German newspaper Bild, when asked about selling islands.  “You΄ve simply got to understand how important these islands are for …

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Prof. Sinn Group: Return to Drachma and get a 30% Haircut

A group of  leading European economists around Prof. Hans Werner Sinn warns Greece’s creditors and advice the debt-ridden country to return to Drachma, or launch even tougher austerity measures and get a loan haircut of 30%, German Sueddeutsche Zeitung reported today. The group called “European Economic Advisory Group” (EEAG), presented its tenth …

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Greek Businessman: Bankruptcy is not the solution!

There is a lot of talk about Restructuring Greece’s Debt , which many Greeks define as ‘official bankruptcy’. A friend of mine, a businessman, posts his opinion… “Bankruptcy of  Greece  is not the solution. In case the country goes bankrupt not only lenders will not touch anything Greek but we are doomed to go bankrupt …

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Greek Stock Exchange:Mini Crash! What analysts and bankers say

The Athens Stock Exchange experienced today one of the worst session of the last two decades with the Index having returned to the low of March 2009. “Trapped” in the scenarios of debt restructuring and state bankruptcy, Greek Stock Exchange became once again the vulnerable target of speculators. The Athens …

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Greece: Taxman Invasion!

 Dominique Strauss-Kahn – IMF alias    Taxman – The Beatles http://www.youtube.com/watch?v=Maz9ddxEQnM Lyrics Let me tell you how it will be There's one for you, nineteen for me 'Cause I'm the taxman, yeah, I'm the taxman Should five per cent appear too small Be thankful I don't take it all 'Cause I'm …

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Greece: Officially Bankrupt! What people say to EU/IMF bailout

PM Papandreou iin Castelorizo Greece: Officially Bankrupt! Bailout Plea from EU/IMF It took PM George Papandreou several hundred miles to travel to the fringe and picturesque island of Castelorizo, near Turkey, to make the long-expected rescue appeal for the Greek bankrupt economy. Greece admits, it is now officially bankrupt, unable …

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