Share |

Content about Greece

March 29, 2012
S&P Admits Greek Debt Will Have To Be Restructured Again

While Moritz Kraemer, head of sovereign ratings at Standard & Poor believes Greece will have to restructure its debt once more, the ECB calls for more regime change.

Speaking at an event last night at the London School of Economics, Kraemer said he believed that this time round, Greece would have to involve bailout partners such as the International Monetary Fund. Commenting on the likelyhood of a further restructuring, he siad:

I’m not predicting today when ... At that time maybe the official creditors need to come into the boat.

Perhaps he was alluding to the Titanic.

January 16, 2012
Markets Calm After Friday's Downgrades - Focus Continues On Greece

The markets seem to have mostly shrugged off France's loss of its triple-A rating.

The downgrading of France and other European nations on Friday was not unexpected, so markets had already come to terms with it; viewing it as the least of their worries.

This week sees a number of European government bond auctions, and most critically, Greece's continuing attempts to make a deal with its private creditors.

January 11, 2012
Children 'Dumped In Streets By Greek Parents Who Can't Afford To Look After Them Any More'

Children are being abandoned in Greece as their parents struggle to make ends meet. A four year old little girl was found on the street clutching a note saying "I can't afford her any more"

The tightening austerity measures in Greece are squeezing poorer families so hard that some of them are are giving up their children because they can no longer afford to feed them.

When we read about the financial crises and the enormous debt mountains, it is all too easy to to forget the human consequences. This article and the other recent news that paedophiles in Greece are being granted disability payments should ring alarm bells for anyone who is even half awake.

January 10, 2012
Greece Classes Paedophilia As Disability

Greek disability groups expressed anger on Monday at a government decision to expand a list of state-recognised disability categories to include paedophiles, exhibitionists and kleptomaniacs.

Shock has been caused in Greece by the government decision to include paedophilia as a disability. This means that paedophiles, along with pyromaniacs, compulsive gamblers, fetishists, and sadomasochists  will henceforth be entitled to receive a higher rate of disability payment than people who have had organ transplants or who suffer from serious illnesses.

Given the austerity measures that the Greeks are being subjected to, it is incomprehensible that paedophiles et al should be given such favourable treatment.

January 10, 2012
The Financial Crash - Europe Continues Descent Into Hell

We could be forgiven for thinking that the Euro crisis has gone away, with so little coverage in the media. Sadly, it's just the calm before the storm.

Ireland, Spain, Italy, Greece or Hungary are each quite capable of lighting the fuse that sets off the Euro bomb any time now.

Today, "officials" from the "Troika" - the IMF, European Central Bank, and EU - are visiting Dublin to review its loan programme to Ireland.

As part of the visit the delegation will peruse Irelands books, to see how the country has performed against the Troika's demands for austerity. They will also outline which hoops Ireland will have to jump through in the coming three months.