Greece

European authorities still punishing Greece - can they be stopped?

European authorities still punishing Greece - can they be stopped?

 

 

Al-Jazeera, 2 February 2013

Alexis Tsipras has a tough job. He is leader of the Syriza Party of Greece, a left party that has risen meteorically in the past three years: from 4.6 percent of the vote in 2009 to 27 percent last June. It is now the most popular party in the country and Tsipras could be the next Prime Minister.

Greek unemployment hits record as recession drags on

Greek unemployment hits record as recession drags on

Reuters, 10 January 2013

(Reuters) - Greece's unemployment rate climbed to a record 26.8 percent in October as the debt-laden country remained sunk in recession, data showed on Thursday.

Greece's jobless rate has almost tripled since it started rising in September 2009 as the country's debt crisis became apparent, and is more than double the average rate in the 17-nation euro zone, which stood at 11.8 percent in November.

German Parliament Rubber Stamps Aid for Greece.

German Parliament Rubber Stamps Aid for Greece.

Spiegel Online
30 November 2012
Despite serious doubts over Chancellor Angela Merkel's handling of the euro crisis among the center-left, German parliamentarians on Friday voted to approve a new round of aid measures for Greece. Most Germans, however, would prefer to see the country go bankrupt.

Small Steps Not Enough for Greece

Small Steps Not Enough for Greece

The New York Times, 25 November 2012

The battle against Greece’s exit from the euro is far from won. Assume Athens is promised its next €44 billion in bailout cash and some further debt relief when euro zone finance ministers reconvene Monday. Even then, the banks will still be hobbled, while another round of austerity is in the works and vested interests are active.

The Greek Debt Buyback 'Boondoggle' - Questions Answered

The Greek Debt Buyback 'Boondoggle' - Questions Answered

Submitted by Tyler Durden on 11/24/2012 19:14 -0500

Barclays default European Central Bank fixed Germany GreeceGross Domestic Product International Monetary Fund Price ActionReality Reuters Sovereign Debt

The last few weeks have seen the market increasingly price in the probability of a Greek debt buyback. Following this week's 'failed' Eurogroup meeting that chance has risen even more as leaked details suggest a debt-buyback is becoming the corner-piece of the 'new' deal.

'Temporary Euro-Zone Exit Would Stabilize Greece'

 

'Temporary Euro-Zone Exit Would Stabilize Greece'

By Armin Mahler and Michael Sauga

11/19/2012

 

SPIEGEL: Mr. Sinn, Chancellor Angela Merkel feels as though economists have left her in the lurch. She once said that the advice that she receives from economists is "about as diverse as it gets." Can you see where she is coming from?

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