Greek deficit mounts after EU checks data

Yust for someone here who lives in dreams...

RTRS-GREECE MAY GET SHORT TERM BRIDGE LOAN BEFORE MECHANISM IS ACTIVATED- SENIOR GOVT SOURCE

Euro shoots above 1.33, as everyone forgets that all 1) this has been tried many times already and 2) this is just a DIP loan and all the existing debt gets primed. Congrats Greece - you are now officially bankrupt !!

Yust for someone here who lives in dreams...

RTRS-GREECE MAY GET SHORT TERM BRIDGE LOAN BEFORE MECHANISM IS ACTIVATED- SENIOR GOVT SOURCE

Euro shoots above 1.33, as everyone forgets that all 1) this has been tried many times already and 2) this is just a DIP loan and all the existing debt gets primed. Congrats Greece - you are now officially bankrupt !!
(Luigi, 22 April 2010 16:53)

If i was a believer in conpiracy theories then the idea that the Greeks created the financial crisis in order to get rid off the Albanians would've been quite
credible.

The fact of the matter is that Greece is in trouble because both labour markets and wealth creation have been fatally wounded by globilization.The oversupply of cheap labour has benefits for some multinationals whereas it screws everybody else.The same people who benefited from globilisation are asking the working classes in Western countries to reduce their living standards by 20% or even more.

But the Greeks will have to follow the painfull measures as agreed with the EU which will give the country more time to re-adjust but it might not solve all the problems.

We'll have to do away with the destructive vested interests in the country which always stand in the way of reform.The fiscal side of economic policy will have to improve dramatically by closing a lot of loop holes in the black economy.

There is no question of Greece leaving the Eurozone and in worst case senario it will have to restructure its debts.

Yust for someone here who lives in dreams...

RTRS-GREECE MAY GET SHORT TERM BRIDGE LOAN BEFORE MECHANISM IS ACTIVATED- SENIOR GOVT SOURCE

Euro shoots above 1.33, as everyone forgets that all 1) this has been tried many times already and 2) this is just a DIP loan and all the existing debt gets primed. Congrats Greece - you are now officially bankrupt !!

Yust for someone here who lives in dreams...

RTRS-GREECE MAY GET SHORT TERM BRIDGE LOAN BEFORE MECHANISM IS ACTIVATED- SENIOR GOVT SOURCE

Euro shoots above 1.33, as everyone forgets that all 1) this has been tried many times already and 2) this is just a DIP loan and all the existing debt gets primed. Congrats Greece - you are now officially bankrupt !!
(Luigi, 22 April 2010 16:53)

If i was a believer in conpiracy theories then the idea that the Greeks created the financial crisis in order to get rid off the Albanians would've been quite
credible.

The fact of the matter is that Greece is in trouble because both labour markets and wealth creation have been fatally wounded by globilization.The oversupply of cheap labour has benefits for some multinationals whereas it screws everybody else.The same people who benefited from globilisation are asking the working classes in Western countries to reduce their living standards by 20% or even more.

But the Greeks will have to follow the painfull measures as agreed with the EU which will give the country more time to re-adjust but it might not solve all the problems.

We'll have to do away with the destructive vested interests in the country which always stand in the way of reform.The fiscal side of economic policy will have to improve dramatically by closing a lot of loop holes in the black economy.

There is no question of Greece leaving the Eurozone and in worst case senario it will have to restructure its debts.