Dispute is high on the agenda just a couple of weeks before the EU and the municipalities elections with each party trying to trip the rival and gain points in the voters’ preference. At the same time the political, economical and social disputes set the climate on fire not only …
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Piffle of the Day: Greek FinMin “We would be like Egypt without the euro”
They are unbeatable. And eternally stuck to cliches. They cannot see beyond their nose. They run behind their tail unable to make a step forward. Trapped in the notorious Greek introversion. And they are bold to show it off right into our face. Who? The Greek ‘politicians’, of course. Although …
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German Bundesbank still sees risk of Greek euro exit
Germany’s central bank Deutsche Bundesbank sharply criticized the European Central Bank for the ways it handles the eurozone rescue and still sees risks for Greece to exit the euro area. In a 29-page report the Bundesbank analyses the risks of the euro rescue policies. The report was prepared by DB …
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Ex French FinMin Baroin Examined Impact of Greek Euro Exit in 2011
Francois Baroin, the former French finance minister, examined the possibility of a Greek exit from the euro zone with his advisors, according to advance extracts published Tuesday on the website of French magazine L’ Express from his forthcoming book on his experiences during the debt crisis. “It was a discussion …
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NYT: Trucks Full of Cash at Greek Borders, Should The Country Exit the Euro
I try to paint in my mind the picture… How a fictive scenario would look like in reality: two, three, four… trucks full of thousands fresh-printed banknotes in US-Dollars parked near a border post to Greece – in Albania, FYROM, Bulgaria or Turkey. Bored and unsaved truck drivers, resting their feet on the wheel, chewing …
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Amato: If Greece Exits Euro, Italy is next; EuroZone is Like an Artichoke…
This statement was made by the former Prime Minister of Italy Giuliano Amato. ” If Greece exits the euro, the next could be us. Because the Eurozone is like an artichoke. Sooner or later the leaves may be cut off, “Amato told Italian daily “Il Messaggero“. With regard to Greece, Giuliano Amato said: “On …
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Roubini: Greece to Exit Eurozone, Government to Collapse 2013
Nouriel Roubini, the famous economic guru with the grim, Kassandra-style forecasts made a prediction: In 2013, Greece will exit the Euro and Samaras’ government will collapse. Multi-conference talker and frequent-flyer Roubini did not bother to write his arguments on the issue, he just twitted the summary of his well-worked out thoughts. Roubini : …
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German MP: Greece Should Pay 50% of Wages & Pensions in Drachmas
Aha! A small sleepy village in the German Upper Bavaria has the solution to Greece’s fiscal problems. The village is called “Peissenberg” and has a great man born there: Alexander Dobrindt. “Greece should start paying 50% of salaries and pensions in Drachma!” This revoluationary ’emission’ came from the lips of the executive secretary of the Christian …
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Greeks Keep Transferring Their Money Abroad; Estimated €100-500 Million per Day
Greek banks are bleeding as concerned citizens transfer their money abroad to secure them in case of a euro exit and return to drachma. Estimated 100 million to 500 million euro are tranferred from the Greek banks abroad on a daily basis due to citizens worries about the outcome of the economic …
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EU-Sauce Source: Euro Zone To Impose ATM Withdrawals Limitations, Should Greece Exit Euro
One week before the June 17 elections, a new allegedly horror-scenario lands on the heads of troubled Greek voters. In an exclusive story, an EU-source told Reuters that EU finance officials have discussed the limitation of free capital and persons across the EU and Schengen (for Greeks), should Greece abandon the euro zone. …
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Fitch, Moody’s Threaten Euro Zone with “Collective Downgrade”, Should Greece…
Rating agencies Fitch and Moody’s threaten to collectively downgrade the Euro Zone, should Greece exit the common currency club. I wonder: did Greeks get supporters against Germany’s pressures? Is it a good or a bad sign? But, of course, the question about the power potential of ratings agencies remain… Moody’s: …
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Some Definitely Want Greece Out of any EU-‘something’ (Euro, Schengen, Disneyland…)
First it was all this pressure on Greece for a euro exit. The last toothless idiot in rags sailing on a wrecked boat around a remote island felt obliged to say something on the issue. Greece became the global scapegoat, whether with or -even without left-wing SYRIZA government. Those Europeans who criticized PASOK and Nea Dimocratia for …
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Barroso-Papademos Hand-in-Hand Against Tsipras?
Why did Jose Manuel Barroso threaten Greece with euro exit right after May 6 elections? Reuters claims that the president of the European Commission made this statement after caretaker prime minister Lucas Papademos asked him to do so – in an effort to build a dam against Alexis Tsipras. According …
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National Bank Report: Greece’s Euro Exit Would Halve Incomes
OMG! Even Greece’s biggest bank, the National Bank, joined the anti-SYRIZA chorus. You know SYRIZA don’t you? The party whose leader Alexis Tsipras “threatens” to ruin Greece, the eurozone, the global economy from the humblest hut in a remote sub-Saharan village to a impressive glass skyscraper in Wall Street. How? He wants to cancel the …
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IIF Dallara: Greek Euro Exit Would Destabilize World Economy, ECB
Greece’s euro exit would destabilise world economy, the European Central Bank and the contagion will affect other countries like Italy, Spain and Portugal, too, head of Institute of International Finance (IIF) Charles Dallara said in an interview. He urged a European realistic approach to austerity. The head of the global banking …
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EU Leaders vs Greek Voters: Huge Gap, Dangerous Cliff
Italian Prime Minister Mario Monti supports ND Antonis Samaras, French President Francois Hollande support PASOK Evangelos Venizelos. The two leaders of the Greek parties that definitely support the austerity bailout. At the same time a, while the country heads for fresh elections, Greeks have developed an allergy towards the austerity and the …
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Greek FinMin Denies EZ Agreed On Contingency Plans for Greek Euro Exit
Greek Finance Ministry categorically denied on Wednesday evening the Reuters’ report according to which during a Euro Working Group teleconference on Monday, it was agreed that each euro zone member should prepare a contingency plan for the possibility Greece would exit the euro area. Greek Fin Min press Release “The …
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EP Pres. Martin Schulz Teaches Greeks The Horror!
“Euro exit could be the beginning of a horror,” the president of the European Parliament Martin Schulz warned the stunned Greeks during an event in Athens and continued in a real morbid mood:”I ask those who think now that a horror end is better than an endless horror to think that exit …
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EU Commissioner, UK Money Printing Co: Playing Greece-Euro-Exit Games
What a day! Amid a barrage of warnings and threats for a Greek euro exit and UK companies making even offers to Athens to print there …Drachmas, a EU Commissioner puts the icing on top of the euro cake. EU Trade Commissioner, Belgian Karel de Gucht claimed that the European Central Bank and the European commission …
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Fitch Downgrades Greece and Tells Greeks to vote Pro-Bailout Parties
The world does not cease to amaze me. Ratings agency Fitch downgraded Greece not due to its huge debts but due to … its voters. Fitch warned that should the June elections produce an anti-bailout government, an exit from the euro is possible, and therefore the agency would consider it as a default …
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