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)
Please complete the required fields.



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)

    Reply
    Please complete the required fields.



  • general congreve says:

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

    Reply
    Please complete the required fields.



  • 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

    Reply
    Please complete the required fields.



Add a comment

  • Your email address is required so we can verify that the comment is genuine. It will not be posted anywhere on the site, will be stored confidentially by us and never given out to any third party.
  • Please note that any viewpoints published here as comments are user´s views and not the views of HousePriceCrash.co.uk.
  • Please adhere to the Guidelines

Your email address will not be published. Required fields are marked *

You may use these HTML tags and attributes:

<a href="" title=""> <abbr title=""> <acronym title=""> <b> <blockquote cite=""> <cite> <code> <del datetime=""> <em> <i> <q cite=""> <s> <strike> <strong>