Friday, February 12, 2010

Biting the hand that feeds him

Greece turns on EU critics

Greece on Friday unleashed a fierce attack on its European Union partners, accusing them of creating a “psychology of looming collapse” a day after they pledged support for the country’s crisis-hit government. George Papandreou, Greek prime minister, said that, in the eurozone’s first big test, Greece had become “a laboratory animal in the battle between Europe and the markets”. In a televised address to his cabinet, he criticised EU members for sending “mixed messages about our country . . . that have created a psychology of looming collapse which could be self-fulfilling” Greek gross domestic product contracted by 0.8 per cent in the final three months of last year, by far the sharpest decline reported so far by a eurozone country.

Posted by devo @ 10:46 PM (972 views)
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2 thoughts on “Biting the hand that feeds him

  • How best to bail out Greece, and who pays?

    I thought the UK politicians would have more to say given that a lot of UK cash is tied up in Greece? Darling seems fairly neutral.

    So which domino falls over next? Spain or Portugal? Perhaps I should ask Goldman Sachs….

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  • 1. alan said… How best to bail out Greece, and who pays?

    the best financial minds in the world are trying to answer that question, right now

    for ‘darling seems fairly neutral’, read ‘is frozen in the headlights’

    he hasn’t a clue

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