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Tag Archives: euro exit?

High on Greek agenda: non-stop disputes ahead the elections

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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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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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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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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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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