Thursday, July 5, 2012

Shock & Surprise!

Debt crisis-> Greece admits it's off track on bail-out terms, as troika inspects

"Greece's new finance minister, Yannis Stournaras has admitted that the country is "off-track" to meet the conditions of its bail-out agreements". " Mr Stournaras is under intense public pressure to renegotiate the tough austerity measures with the visiting delegation". (You couldn't make it up, could you?). Meanwhile...Russia is offering Cyprus cheaper bail-out loans than the EU and IMF, president Demetris Christofias said on Wednesday.

Posted by alan @ 08:49 PM (2712 views)
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3 thoughts on “Shock & Surprise!

  • In Stockholm, Swedish Finance Minister Anders Borg said on Swedish Radio on Thursday there was a major risk Greece would fail to fulfil its obligations to its lenders and end up in “some sort of default”. (CNBC)

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  • general congreve says:

    So many financial land mines. Surely not long until the world steps on one.

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  • Oooops, GC. I think someone just stood on one !!

    “The Finnish finance minister, Jutta Urpilainen, said in a newspaper interview this morning that she’d consider crashing her AAA-rated country out of the eurozone rather than face paying the debts of another country”: telegraph & other sources

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