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Wednesday, 14.04.2010.

15:11

Crisis forces Greece to "hold breath until May"

Greece, plagued by high borrowing costs to avoid default, will be holding its breath until it rolls over debt due in May.

Izvor: DPA

Crisis forces Greece to "hold breath until May" IMAGE SOURCE
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2 Komentari

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Leonidas

pre 14 godina

All the television channels have said that the Greece bailout will cost 92 euros each Italian...the Germans will pay 105 euros...This summer i will ask to all the restaurants a discount of at least 5%..anyway some internal news are worrying [link] ..
(luigi, 14 April 2010 15:44)

I do feel for all these hard working Albanians who contribute towards solving the financial crisis in Greece.Sometimes i do wonder what we'll do without them.

On a more serious note let me repeat again that Greece is not bailed out.These are short-term loans which will only be requested if Greece cannot raise the loans in the markets.

Long term i still have strong doubts whether the eurozone can accommodate divergent economies under a common monetary policy and different fiscal policy.

Many people have short memories of what happened to Britain in the early 1990s when it was forced out of the ERM/EMS and lost £20 billion in one day.

There is still a big chance that speculators won't stop wih Greece but they could probably pick on another country thus starting a chain reaction that could bring down the entire eurozone.

luigi

pre 14 godina

All the television channels have said that the Greece bailout will cost 92 euros each Italian...the Germans will pay 105 euros...This summer i will ask to all the restaurants a discount of at least 5%..anyway some internal news are worrying http://www.zerohedge.com/article/greece-beginning-consider-strategic-default ..

Leonidas

pre 14 godina

All the television channels have said that the Greece bailout will cost 92 euros each Italian...the Germans will pay 105 euros...This summer i will ask to all the restaurants a discount of at least 5%..anyway some internal news are worrying [link] ..
(luigi, 14 April 2010 15:44)

I do feel for all these hard working Albanians who contribute towards solving the financial crisis in Greece.Sometimes i do wonder what we'll do without them.

On a more serious note let me repeat again that Greece is not bailed out.These are short-term loans which will only be requested if Greece cannot raise the loans in the markets.

Long term i still have strong doubts whether the eurozone can accommodate divergent economies under a common monetary policy and different fiscal policy.

Many people have short memories of what happened to Britain in the early 1990s when it was forced out of the ERM/EMS and lost £20 billion in one day.

There is still a big chance that speculators won't stop wih Greece but they could probably pick on another country thus starting a chain reaction that could bring down the entire eurozone.

luigi

pre 14 godina

All the television channels have said that the Greece bailout will cost 92 euros each Italian...the Germans will pay 105 euros...This summer i will ask to all the restaurants a discount of at least 5%..anyway some internal news are worrying http://www.zerohedge.com/article/greece-beginning-consider-strategic-default ..

luigi

pre 14 godina

All the television channels have said that the Greece bailout will cost 92 euros each Italian...the Germans will pay 105 euros...This summer i will ask to all the restaurants a discount of at least 5%..anyway some internal news are worrying http://www.zerohedge.com/article/greece-beginning-consider-strategic-default ..

Leonidas

pre 14 godina

All the television channels have said that the Greece bailout will cost 92 euros each Italian...the Germans will pay 105 euros...This summer i will ask to all the restaurants a discount of at least 5%..anyway some internal news are worrying [link] ..
(luigi, 14 April 2010 15:44)

I do feel for all these hard working Albanians who contribute towards solving the financial crisis in Greece.Sometimes i do wonder what we'll do without them.

On a more serious note let me repeat again that Greece is not bailed out.These are short-term loans which will only be requested if Greece cannot raise the loans in the markets.

Long term i still have strong doubts whether the eurozone can accommodate divergent economies under a common monetary policy and different fiscal policy.

Many people have short memories of what happened to Britain in the early 1990s when it was forced out of the ERM/EMS and lost £20 billion in one day.

There is still a big chance that speculators won't stop wih Greece but they could probably pick on another country thus starting a chain reaction that could bring down the entire eurozone.