Greece Watch...

Aurora · Post by **Aurora** » 18 Jul 2012, 08:57

The Guardian - 18/07/12

Eurozone crisis live: Greece's leaders meet to discuss further cuts

Prime minister Antonis Samaras will hold talks with senior ministers in an attempt to agree billions of euros of fresh austerity measures.

Article continues ...

UndercoverElephant · Post by **UndercoverElephant** » 22 Jul 2012, 22:29

http://theautomaticearth.com/Finance/th ... reece.html

It’ll be a lot of fun seeing the IMF, and European leaders, try to deny the article and its implications. From what I understand, they want to wait until the ESM is effective, and then dump Greece. The article may trump any such intentions. Some things only work in secret, and once Pandora's box is open, they no longer do.

Here's the new problem: they need to fix Spain fast, but they can't offer Spain less than Greece. And they can't afford to give Spain what Greece needs. So they tried to frig it....but this time they don't have enough time and too many people are watching.

UPDATE: Dutch political parties have demanded their government clarify the Spiegel article. They suggest parliament break off their holiday recess and convene next week to discuss the matter at hand. The government wants to wait for a troika report.

UPDATE 2: Bloomberg reports that German Economy Minister and Vice Chancellor Philipp Roesler says he's "very skeptical" that European leaders will be able to rescue Greece and the prospect of the country’s exit from the euro had "lost its terror."

Roesler says "Greece is unlikely to be able to meet its obligations under a euro-area bailout program as its international creditors hold talks this week in Athens. Should that be the case, the country won’t receive more bailout payments".

"What’s emerging is that Greece will probably not be able to fulfil its conditions. What is clear: if Greece doesn’t fulfil those conditions, then there can be no more payments."

Queen takes pawn. Check...

UndercoverElephant · Post by **UndercoverElephant** » 23 Jul 2012, 09:23

The above article has now been picked up and is being regurgitated by the wider mainstream media (type "IMF Greece" into google news). This is big. It is the beginning of the end of "the troika" acting as a troika. It leaves the ECB and european commission holding the eurobaby without the backing of the IMF, and just as it is about to do an enormous poo. It is effectively the US telling the eurozone that Greece has to be cut loose.

ujoni08 · Post by **ujoni08** » 23 Jul 2012, 11:44

The psychology of denial. Holding onto something that you can't accept is gone. The longer you hold on, the bigger the knock-on effects...

Mean Mr Mustard · Post by **Mean Mr Mustard** » 23 Jul 2012, 23:26

The date today is July 23rd. Slog contacts in Athens and Paris – and a former bondholder representative – have concurred over the last 24 hours on one thing: Greece will default before that September money comes through. In the Daily Telegraph later today (Monday) Ambrose Evans-Pritchard is saying something very similar. Greece, he suggests, “is being asphyxiated”.

http://hat4uk.wordpress.com/2012/07/23/ ... ant-to-10/

Aurora · Post by **Aurora** » 25 Jul 2012, 02:12

The Guardian - 25/07/12

Ticking off by Troika heightens fears of Greek exit from euro

International debt inspectors claim Greece is failing to keep to deficit reduction plan, while shares in Spain tumble.

Article continues ...

Aurora · Post by **Aurora** » 27 Jul 2012, 06:10

BBC News - 27/07/12

Greece PM Antonis Samaras in crunch bailout talks

Greek PM Antonis Samaras is set to meet international creditors to try to persuade them that Athens deserves its final instalment of bailout money.

The EU, IMF and European Central Bank are due to examine Greece's finances before deciding whether to hand over 31.5bn euros ($38bn; £24.5bn).

Article continues ...

JavaScriptDonkey · Post by **JavaScriptDonkey** » 07 Aug 2012, 18:25

Deportations of illegal immigrants.

Daily Hate

UndercoverElephant · Post by **UndercoverElephant** » 07 Aug 2012, 19:14

Mean Mr Mustard wrote:
The date today is July 23rd. Slog contacts in Athens and Paris – and a former bondholder representative – have concurred over the last 24 hours on one thing: Greece will default before that September money comes through. In the Daily Telegraph later today (Monday) Ambrose Evans-Pritchard is saying something very similar. Greece, he suggests, “is being asphyxiated”.
http://hat4uk.wordpress.com/2012/07/23/ ... ant-to-10/

Good article. Yes, Greece is being "asphyxiated" in an attempt to force it to leave the eurozone "voluntarily" (since there is no legal mechanism to kick them out). But it is still not clear whether this can/will work, because Spain and Italy are in too similar position to Greece, relative to Germany. There seems little point in forcing Greece to leave if it is just a futile attempt to avoid Spain and Italy following it out of the eurozone. It actually makes more sense for the Germans to leave, especially if the ECB, which is controlled by an Italian, goes ahead and prints money without German consent, based on a "creative" interpretation of their mandate.

biffvernon · Post by **biffvernon** » 05 Oct 2012, 19:13

Somebody tell me this isn't true:

http://www.autosport.com/news/report.php/id/102997

Greece has unblocked nearly 30 million euros for the construction of a circuit capable of hosting a Formula 1 grand prix

emordnilap · Post by **emordnilap** » 07 Oct 2012, 20:03

Sounds true to me, though it's clearly bonkers. It's Americanisation: that of doing everything bar the right thing.

rue_d_etropal · Post by **rue_d_etropal** » 07 Oct 2012, 22:26

sounds about right. Modern politicians really have not got a clue.
Urban Greece might be going down but it's countryside is still sufficient in crops to grow to survive.
Might not suit all those who have grown up with modern technology, but maybe those adapting to older ideas are ahead of the game.
As for Formula 1, maybe someone thinks it will bring the money in, but if going the sports route the best option would be a permanent Olympic games site based in Greece, paid for all those more wealthy countries who want to compete.
Ultimately money(and greed) is the big problem, and conventional politics has run its course, so we need to return to more local consultative ways to run things(village elders with flexibility to listen to new ideas). Best of both worlds. With luck we might be able to hold onto more of the new technology than just going back to a world without it.

emordnilap · Post by **emordnilap** » 08 Oct 2012, 10:16

Of course, there will be lots more bonkers schemes attempted - some far more stupid than this - and paid for! before the underlying cause of their non-viability is universally acknowledged.

jonny2mad · Post by **jonny2mad** » 19 Oct 2012, 00:42

http://www.bbc.co.uk/news/world-europe-19983571

Golden dawn bloke says Greece is in a state of civil war with anarchists and illegal immigrants

http://www.bbc.co.uk/news/world-19976841

Golden dawn in league with police .

Post by **adam2** » 21 Nov 2012, 10:02

Latest bailout delayed.
http://www.bbc.co.uk/news/business-20421246

"more time needed for technical work"
Presumably looking for ways of giving them the money, whilst implying to German voters that they will get it back.