A Fragile Euro System Still Needs a Genuine Banking Union

By the Editors Sep 24, 2012 1:30 AM GMT+0300

Bloomberg

As recently as a couple of weeks ago, it seemed that Europe’s governments had reached agreement on the need for a banking union. This consensus, if it ever existed, is unraveling, and that’s dangerous.

Greece May Seek ECB Debt Rollover to Plug Financing Gap

Published: Tuesday, 25 Sep 2012 | 6:33 AM ET

From http://www.cnbc.com

Greece may seek a rollover of its bonds held by the European Central Bank or try to raise additional short-term debt to plug a possible financing gap in the coming years, a deputy finance minister said in a document released on Tuesday.

Berlin Seeks to Push Back New Euro-Crisis Aid Requests

The Wall Street Journal

By MARCUS WALKER

BERLIN—Progress on two of the euro zone's most pressing concerns—containing the crises in Greece and Spain—faces holdups up in Germany, where Chancellor Angela Merkel is reluctant to ask parliament to vote on measures that are likely to raise fierce opposition from within her own coalition.

Greece Looks for More Budget Cuts

September 20, 2012, 10:37 AM

The Wall Street Journal

By Alkman Granitsas

As Greece’s coalition leaders meet Thursday on what is likely to be their penultimate meeting before signing off on billions of euros worth of budget cuts demanded by the troika (another meeting may come Sunday), the countdown clock is ticking loudly in Athens.

Μια αλήθεια για την αγορά από τον κ. Tσίπρα

17/09/2012

Από τον ιστότοπο www.protagon.gr

Χτες στη Θεσσαλονίκη ο Αλέξης Τσίπρας είπε μια μεγάλη αλήθεια: Όταν τον ρώτησαν για τα παράνομα και αδήλωτα ιδιαίτερα μαθήματα που κάνουν οι εκπαιδευτικοί του δημόσιου σχολείου, απάντησε: "Οταν τον εξαθλιώνεις πρέπει να βρει έναν τρόπο να ζήσει."

Germany's big worry: China, not Greece

By Michael Stott

BERLIN | Wed Sep 19, 2012 1:18am EDT

(Reuters) - Berlin, not Brussels, will decide the future of the ailing eurozone because Germany's economic power and its status as the European Union's main paymaster give it an effective veto over key decisions.

The blasphemy law in Pakistan

Contemptuous

For once, the government pushes back on intolerance

Sep 8th 2012 | ISLAMABAD | from the print edition

The Economist

Edito 404

Του Φώτη Γεωργελέ, από τον ιστότοπο athensvoice.gr

Νύχτα, το αυτοκίνητο παίρνει αργά τις στροφές στο σκοτεινό δρόμο. Μέσα στο αμάξι, τσακωνόμαστε. Θέμα, το αγαπημένο των διακοπών. Οι αποδείξεις. Πάλι δεν μας έδωσαν, πάλι ακούσαμε το αντιμνημονιακό ποίημα.

Greece's budget gap narrows in January-August, but revenues off track

11 SEP, 2012, 05.57PM IST, REUTERS

Economic Times

ATHENS: Greece's budget deficit narrowed by 34 per cent year-on-year between January and August, helped by cuts in public spending and investment, the finance ministry said on Tuesday.

Greece's lenders object to parts of its austerity plan

By Lefteris Papadimas

ATHENS | Sun Sep 9, 2012 4:24pm EDT

(Reuters) - Greece's foreign lenders have rejected parts of a nearly 12-billion-euro austerity package prepared by the government, Greek officials said on Sunday as the two sides resumed talks after a month-long hiatus.

Αλέξης Τσίπρας: Μας οδηγείτε σε κατάσταση χειρότερη από την Αργεντινή

 (Σημ. του blog. Το άρθρο είναι από την εφημερίδα ΑΥΓΗ. Είναι η επίσημη εφημερίδα του ΣΥΡΙΖΑ. Η φράση του κ. Τσίπρα έγινε αφορμή για καταγγελίες για «διαστρέβλωση» των όσων είπε. Στο άρθρο θα βρείτε την εκδοχή της δήλωσης που, κατά τεκμήριο υποστηρίζει την επίσημη άποψη του κόμματος. Δεν θα βρείτε πουθενά την διατύπωση του τίτλου του άρθρου … Μας οδηγείτε σε κατάσταση χειρότερη από την Αργεντινή… γιατί απλούστατα ποτέ δεν διατύπωσε ο κ. Τσίπρας μια τέτοια άποψη. Οι οπαδοί του κ. Τσίπρα, φυσικά, είναι ελεύθεροι να πιστεύουν ότι μπορεί να μην το είπε αλλά σίγουρα το εννοούσε…Θα βρείτε όμως το περίφημο …Μακάρι να είχαμε γίνει Αργεντινή… γιατί απλούστατα αυτό είπε! Τα σχόλια είναι  ευπρόσδεκτα!)

Is Grexit the new Y2K?

From http://www.mindfulmoney.co.uk

At first glance it seems that a 50 page plus academic paper from the University of Chicago -Booth School of Business - is a statement of the obvious. Tax evasion is rife in Greece and it is led by doctors, engineers, private tutors, financial services agents, accountants and lawyers - all occupations where there is substantial self-employment and limited or non-existent paper trails.

U.S. Companies Brace for an Exit From the Euro by Greece

3-9-12

The New York Times

Even as Greece desperately tries to avoid defaulting on its debt, American companies are preparing for what was once unthinkable: that Greece could soon be forced to leave the euro zone.

Ο Βαγιωνάς δίνει τροφή στο Μανδραβέλη να συνεχίζει να λέει αυτά που λέει..

Ο κοινωνικός ρόλος στη διατίμηση

Tου Πασχου Mανδραβελη / pmandravelis@kathimerini. gr

German lawmakers say "Grexit" not just economic risk

By Matthias Sobolewski

BERLIN | Mon Aug 27, 2012 1:01pm EDT

(Reuters) - Germany's raucous internal debate on whether to keep Greece in the euro zone is too narrowly focused on financial factors and should also weigh up the wider geopolitical risks of a "Grexit", senior officials in Chancellor Angela Merkel's party say.

Europe drawn back to its first problem: Greece

(Reuters) - The euro zone debt crisis was born in Greece. Nearly three years and two bailouts on, Europe must decide whether to give the country yet more help or cut it loose.

France, Germany Unify Approach to Greek Talks

By WILLIAM BOSTON

The Wall Street Journal

BERLIN—The leaders of Germany and France on Thursday agreed to speak to Greece with one voice in meetings with Greek Prime Minister Antonis Samaras this week, a German government official said.

Greece to Seek Further EUR2 Billion in Budget Cuts - Source

By Nektaria Stamouli

The Wall Street Journal

ATHENS--Greece is seeking to slash government spending more drastically than previously announced to compensate for tax revenue that will probably be lost to austerity economics, a finance ministry official said Tuesday.

Ο «σκληρός πυρήνας» της διαφθοράς

Καθημερινή 19-7-2012

Αποκαλυπτική η απολογία του Ν. Ζήγρα, ο οποίος έσπασε τη σιωπή του και κατονομάζει τους αποδέκτες των εκατ. του μαύρου χρήματος

Της Ιωαννας Μανδρου

The parable of the four-engined planes

Jul 18th 2012, 11:53 by I.C.

The Economist

AN OLD friend in the aviation business, with years of experience with Greek clients, told me a story that serves as a parable for how the country got into its current state.