Greek austerity steps appear sufficient to safeguard 2010 budgetary steps, Sarkozy says. Brown echoes Sarko, saying present arrangements should be sufficient… Repeat after me…never believe anything until it has been officially denied… The EU commission says Greek GDP will fall … Continue reading
ECB executive board member Tumpell-Gugerell says that the euro is not a one-way street and Greece must make good on its reform plans. Sounds like she is from the “show-me” state of Missouri rather than Austria…
This one’s for ZZ. If it ever gets to 1.3800 I want 5% of your profits.
Even if you get the austerity plan right, the economic pain is tremendous… If Spain, Portugal, Ireland and Greece are all in fiscal purgatory, it will be slow-growth ahead for the EU, for sure…
Sounds as though the German chancellor is somewhat less enamored of the idea of a European Monetary Fund to handle fiscal problems like the one facing Greece than she was earlier this week. She says it is a good idea … Continue reading
Greek PM Papandreou is on the wires saying Greece is soing what is necessary to deal with the budget crisis and that it is not trying to find scapegoats for its problems. He says if Europe does not create an … Continue reading
The worst of Greece’s financial crisis is over and other European nations won’t follow in its path, says former European Commission President Romano Prodi. Well, that’s OK then. Excellent.