Free Republic 3rd Qtr 2024 Fundraising Target: $81,000 Receipts & Pledges to-date: $20,786
25%  
Woo hoo!! And we're now over 25%!! Thank you all very much!! God bless.

Keyword: mybigfatgreekdefault

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  • Greek economy spirals down as EU forces final catharsis

    02/14/2012 3:23:54 PM PST · by bruinbirdman · 34 replies
    The Telegraph ^ | 2/14/2012 | Ambrose Evans-Pritchard, in Athens
    A Greek default and traumatic ejection from the euro moved a step closer last night after eurozone finance ministers cancelled a crucial meeting, accusing Athens of failing to flesh out austerity cuts. The escalating brinkmanship came as fresh data showed that Greece's economy contracted by 6.8pc last year and at an accelerating 7pc rate in the last quarter, far worse than expected by the European Union (EU), the European Central Bank (ECB) and the International Monetary Fund (IMF) "troika". The country appears to be in a self-feeding downward spiral that is playing havoc with budget targets, leaving Greece with a...