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Tag Archives: bankrupt

BoG Provopoulos: Banks must pull the plug on non-viable companies

“Greek banks must let weak companies fail,”  George Provopoulos, governor of Greece’ central bank Bank of Greece told the Financial Times and added that consolidation of the economy should be encouraged, if the country is to return to sustainable growth. “Following such a deep crisis we need strong consolidation [of …

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Austerity for all: European Commission is bankrupt, needs €2.7 billion ( LOL)

The European Commission is bankrupt. If the European bureaucrats will not be able to find a €2.7 billion injection, the institution will halt its payments by the middle of November. Two days ago, EC president Jose Manuel Barroso made a desperate plea for extra cash to keep the institution afloat, …

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Danish Tourists Stranded in Crete as Airliner Goes Bankrupt

Dozens of Danish tourists were stunned (and probably angry) to learn at the Chania airport on Friday that the airliner Cimber Sterling to take them back home had gone bankruptcy. Local news website Cretalive.gr reported that the tourists were unable to return home and that  local tour operations were doing their best to find alternatives …

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German Handelsblatt to Greek PM: You’re a bankrupt… hero!

As if our life isn’t hard enough, a German newspaper writes an open letter to George Papandreou and declares more or less ‘You are an insolvent …hero’. Moreover, Gabor Steingart, Editor-in-Chief of business daily Handelsblatt triumphs that “There is a life after death” -as the article title assures. However as it has not been …

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