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Tag Archives: impact

Greek households survey: economic suffocation under the shining “success story”

Four in ten Greek households have at least one unemployed member, one in three fears to lose its home, one in ten had to sell assets in order to pay obligations, one in three cannot pay utility bills and mortgage installments. The list of so-called “Greece’s  success story” is long …

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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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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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What Will Happen if Greece Leaves the Euro?

There is so much talk these days about a possible euro exit of Greece, especially under a left, anti-bailout government. I found an very interesting article about the consequences for Greece and the other Euro countries. The author, an Italian, asked several market experts on the impacts that “such a shock” would …

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Athens: Day After for Papademos’ Gov’ and Parliament Composition

At least 45 burned down shops, banks and cafes,  some 160 civilians and policemen injured, looting,  thousands of hurled stones and hundreds of fired tear gas devices, 199 “YES”, 74 “NO”, 45 expelled MPs:  The second Memorandum of Understanding and the new austerity package passed by the Greek Parliament on Sunday leaving the …

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ToscaFund: Euro Exit Will Lead Greece to Zimbabwe-Style Inflation

Should Greece exit the euro zone the impact would “be more than catastrophic with Zimbabwe-style inflation, social unrests, banks run and a military coup.” This horror-scenario was scripted by Savvas Savouris, chief economist of  Tosca Fund, and was distributed to the clients of the London-based hedge fund. Introducing a new currency in Greece instantaneously …

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Strauss-Kahn’s arrest: Bad Timing for Greece

Yes, IMF-head Dominique Strauss-Kahn has been praised as ‘a friend of Greece’, most likely due to the socialist ideals he shared with Greece’s Prime Minister Geroge Papandreou. Now DSK is sitting in a lonesome cell at a New York police station and all the world is eager for the moment …

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