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Keyword: greekdebt

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  • Angela Merkel Stands Firm On Greece At G8 Talks [Another Obama Flop Om World Stage!]

    05/20/2012 1:01:52 PM PDT · by Steelfish · 23 replies
    Guardian (UK) ^ | May 20, 2012 | Patrick Wintour
    Angela Merkel Stands Firm On Greece At G8 Talks After inconclusive discussions, leaders issue communique saying 'the right measures are not the same for each of us' Patrick Wintour 20 May 2012 Angela Merkel has declined to shift position on fresh measures to stimulate demand in the euro area, including the idea of eurobonds, leaving other EU countries hoping she will adopt a more conciliatory mood when the EU heads of government meet on Wednesday for the next round of discussions. Barack Obama left the German chancellor in no doubt that he would like to see her adopt a less...
  • Suicides in Greece increase 40%

    04/06/2012 12:19:03 PM PDT · by mamelukesabre · 21 replies
    boingboing ^ | 10:33 am Friday, Apr 6 | David Pescovitz
    Until now, Polyzonis's self-immolation was the most vivid image of a singular public act of protest in a country that's been shaken by anti-austerity violence. But Greece was jolted even more Wednesday after a 77-year-old man took his own life in the busy Syntagma Square, central Athens, the scene of several violent clashes between anti-austerity protesters and the police in recent months. Just a few hundred yards away from the Greek Parliament, retired pharmacist Dimitris Christoulas shot himself with a handgun amid the morning rush hour, in what was apparently a protest over the financial crisis gripping the nation… Christoulas's...
  • Newt Gingrich’s Greek Vacation Becomes Campaign Talking Point

    11/17/2011 10:44:31 AM PST · by BarnacleCenturion · 103 replies
    ABC News ^ | Nov 15, 2011 | staff
    SHEFFIELD, Iowa – With the political winds shifting in his favor, Newt Gingrich is turning an incident that almost unraveled his entire presidential bid earlier this summer into a campaign trail talking point. Gingrich, whose luxury Greek vacation in June led to the mass resignations of several members of his campaign staff, now says he used the overseas trip to talk with Europeans about the banking crisis there. The former House Speaker told a crowd in West Des Moines on Monday, that he listened to the Greek people talk about their economic woes and even noted that his observations about...
  • EU: Nicolas Sarkozy tells David Cameron: 'We’re sick of you telling us what to do'

    10/24/2011 1:27:09 AM PDT · by bruinbirdman · 8 replies
    The Telegraph ^ | 10/23/2011 | Bruno Waterfield, Brussels
    David Cameron clashed repeatedly with Nicolas Sarkozy today after the French President tried to exclude Britain and non-eurozone countries from a critical Brussels summit to rescue European banks. During two hours of bitter exchanges during a meeting of all 27 EU leaders before a crisis summit of the eurozone’s 17 members on Wednesday, President Sarkozy fought hard to get the Prime Minister barred from talks that would finalise a 100billion euros cash injection into banks. ”We’re sick of you criticising us and telling us what to do. You say you hate the euro, you didn’t want to join and now...
  • Greek Crisis Exacts the Cruelest Toll (Suicides up by 40% in the first five months of this year)

    09/20/2011 4:59:56 PM PDT · by SeekAndFind · 14 replies
    Wall Street Journal ^ | 09/19/2011 | Marcus Walker
    HERAKLION, Greece—The first time he despaired of his debts, Vaggelis Petrakis drank a poisonous brew of beer and gasoline. A note he left didn't mention the financial woes of his fruit and vegetable business, of which his family was well aware. Instead, he left instructions for his children on how to look after his animals. "Put mother rabbit in a different place from the little rabbits," the note began. Then he had second thoughts and called his son, Stelios, who took him to a hospital. Mr. Petrakis survived that suicide attempt. But Greece's collapsing economy and the ruin of his...
  • Ex-IMF Chief Strauss Kahn: Greece Unable To Pay Debt, Loss Unavoidable

    09/18/2011 7:27:35 PM PDT · by marshmallow · 11 replies
    The Wall Street Journal ^ | 9/18/11 | Inti Landauro
    <p>PARIS (Dow Jones)--The former International Monetary Fund's Managing Director, Dominique Strauss Kahn, Sunday said Greece is unable to pay its debt and its creditors will have to take losses on the debt they hold.</p> <p>"Greece got poorer, we can say Greeks will pay on their own, but they can't," Strauss Kahn said in an interview on French TV channel TF1. "There is a loss and it must be taken by governments and banks," he said.</p>
  • Greek PM cancels U.S. trip as debt crisis deepens

    09/17/2011 1:41:25 PM PDT · by John W · 11 replies
    msnbc.com ^ | September 17, 2011 | MSNBC
    ATHENS — Greek Prime Minister George Papandreou canceled a planned visit to the United States on Saturday to deal with a deepening crisis at home, days before European Union and IMF inspectors decide on further funding for the debt-ridden country. Finance Minister Evangelos Venizelos rushed to allay fears the canceled trip signaled imminent default, saying such talk was "ridiculous," but the conservative opposition seized the opportunity to demand snap elections, fanning fears Greece lacks the will needed for tough measures ahead.
  • 7-year-old story sheds new light on Greece-Goldman scandal

    02/19/2010 3:37:11 AM PST · by Scanian · 5 replies · 441+ views
    NY Post ^ | February 18, 2010 | KAJA WHITEHOUSE
    Everyone’s up in arms about Goldman Sachs’ role in helping Greece hide its mounting debt – especially the European Union. But a story making the rounds online shows that the whole affair was widely known about as far back as 2003. It’s raising questions about whether the EU’s outrage is all just a dog-and-pony show. The story, published by Risk magazine nearly seven years ago, also suggests that the potential dangers of the strategy Goldman helped Greece employ were clear as the whole thing was happening. The EU says Greece has until Friday to disclose how it used complex currency...