Analysis: Greek economy pays high price for its high prices

By Alan Wheatley and Karolina Tagaris

ATHENS | Thu Nov 22, 2012 12:02pm EST

(Reuters) - Signs across Athens advertise property for rent or sale. One in three shops has closed. At those still open for business, turnover has slumped.

So it is one of the mysteries of Greece's economic depression that prices of some things - milk and the new iPhone, for example - are among the highest in Europe.

Standoff on Greece Driven by Short-Sighted Europolitics

http://www.forbes.com/sites/karlwhelan/2012/11/22/standoff-on-greece-driven-by-short-sighted-europolitics/

Forbes

Karl Whelan, Contributor

Economist focused on European macro issues

As Greece comes ever-closer to running out of money, the Eurozone finance ministers and the IMF have now met for two weeks in a row and failed to agree a new deal to loan Greece any additional funds.

Your Cheat-Sheet to Greece

By Matina Stevis

The Wall Street Journal

Another week, another euro-zone finance ministers’ meeting on Greece. Christine Lagarde, managing director of the International Monetary Fund, has flown back from Asia to attend the meeting starting later today, while European Central Bank president Mario Draghi and the European Union’s economics commissioner Olli Rehn are also due to be there.

Euro zone, IMF make progress on Greece: Juncker

By Matthias Inverardi

BIELEFELD, Germany | Sat Nov 17, 2012 9:12am EST

(Reuters) - Euro zone governments and the International Monetary Fund (IMF) are making headway in settling a row over how to make Greece's debt manageable, Eurogroup President Jean-Claude Juncker said on Saturday.

Greece: It’s Not About the Numbers

The Wall Street Journal

http://blogs.wsj.com/eurocrisis/2012/11/16/greece-its-not-about-the-numbers/

The spreadsheets spell it out clearly. Billions of euros of austerity measures on top of an already fast shrinking economy have made the country’s growing debt pile unsustainable.

IMF's Lagarde says important for euro zone to forge deal on Greece

(Reuters) - A crucial Eurogroup meeting next week on Greece should forge a deal that will put the insolvent country's economy on a sustainable path, International Monetary Fund (IMF) Managing Director Christine Lagarde said on Friday.

On Greece, Christine Lagarde Is the Grown-Up at the Table

By the Editors Nov 14, 2012 1:30 AM GMT+0200

One way or another, the governments and other official lenders that have bailed out Greece and now hold its debt are going to lose some or all of that money.

Europe Gives Greece 2 More Years to Reach Deficit Targets

By James G. Neuger and Stephanie Bodoni - Nov 13, 2012 5:09 AM GMT+0200

Bloomberg

Euro-area finance ministers gave Greece two extra years to wrestle down its budget deficit, pledging to plug the resulting financing gaps in order to keep the country in the single currency and prevent a renewed flareup of the debt crisis.

UPDATE 2-Greece will roll over T-bills due to aid delay

Fri Nov 9, 2012 8:06am EST

* More than 5 bln euros in T-bills due on Nov. 16

* Greece expects aid tranche only after bills mature

* ECB expected to let Greece raise ceiling on amount of T-bills allowed

By Lefteris Papadimas

Greece Drinks the Hemlock

EDITORIAL

The International Herald  Tribune

Published: November 8, 2012

http://www.nytimes.com/2012/11/09/opinion/greece-drinks-the-hemlock.html#h[]

Greece’s Parliament did what it had to do on Thursday. Despite some defections from the ruling centrist coalition, lawmakers narrowly approved a $23 billion package of new austerity measures, including further spending cuts to social services, pensions and public salaries, as well as tax increases demanded by Greece’s European lenders.

Barack Obama's second term

Now, hug a Republican

A budget deal makes sense for the re-elected president, his opponents, his country and the world

Nov 10th 2012

The Economist

Europe, Central Bank Spar Over Athens Aid

Discord Over Who Should Shoulder Burden of Giving Greece More Time to Repay Loans Comes Ahead of Crucial Deadline

http://online.wsj.com/article/SB10001424052970204755404578101102365534718.html?mod=WSJ_EuroDebt__LEFTTopStories

By BRIAN BLACKSTONE and GABRIELE STEINHAUSER

Europe's governments and the European Central Bank are at odds about who should shoulder the financial burden of giving Greece more time to repay its loans and remain part of the euro zone.

Η Ελλάδα στους πέντε πρώτους προμηθευτές αγροτικών προϊόντων

του Δημητρα Μανιφαβα

http://news.kathimerini.gr/4dcgi/_w_articles_economy_2_31/10/2012_500296

Από τη διπλανή μας Βουλγαρία μέχρι τη μακρινή Αυστραλία ταξιδεύουν τα ελληνικά αγροτικά προϊόντα και τρόφιμα, καθιστώντας την Ελλάδα έναν από τους κυριότερους προμηθευτές στον κόσμο στην κατηγορία αυτή.

Greece flirts with tyranny and Europe looks away

Greek democracy is in peril and much of the fault lies with the EU's hard stance

Nick Cohen

The Observer, Sunday 4 November 2012

http://www.guardian.co.uk/commentisfree/2012/nov/04/nick-cohen-greece-democracy-in-peril

Tax Evasion Case Emerges as Latest Headache for Greece’s Coalition

November 1, 2012, 2:23 PM

The Wall Street Journal

http://blogs.wsj.com/eurocrisis/2012/11/01/tax-evasion-case-emerges-as-latest-headache-for-greeces-coalition/?mod=google_news_blog

By JENNY PARIS

A Greek journalist at the center of a tax evasion and media censorship controversy has emerged as the latest headache for Greece’s fragile ruling coalition.

Greece Needs a Writedown, Not a Buyback

By the Editors Nov 2, 2012 12:30 AM GMT+0200

http://www.bloomberg.com/news/2012-11-01/greece-needs-a-writedown-not-a-buyback.html

The prime minister of Greece took a large political risk Oct. 31 to keep Greece in the euro, just as other euro area leaders appear to be recognizing that the country needs more time and more relief from its debt obligations to survive.

Germany, France Say November Key to Keeping Greece in Euro

By Tony Czuczka and Brian Parkin on October 30, 2012

France and Germany will strive over the next four weeks to stop Greece from unsettling markets as officials work to put the country’s faltering bailout plan back on the rails, French Finance Minister Pierre Moscovici said.

'EU Should Admit that Greece Will Need Debt Cut'

http://www.spiegel.de/international/europe/german-press-comments-on-report-that-greece-will-need-more-aid-a-864010.html

Greece's international creditors have proposed that the country receive another debt writedown, this time from EU governments. That, say German media commentators, is hardly a surprise. Fresh aid for Athens, they argue, has been inevitable for months, but leaders have shied away from telling the truth.

Greece to vote on labor reform despite coalition split

ATHENS | Sat Oct 27, 2012 2:30pm EDT

(Reuters) - Greece's government plans to put labor reforms demanded by foreign lenders to a parliamentary vote despite a junior coalition partner's refusal to back them, the finance minister said on Saturday.

Europe's carmaking crisis

Forward and reverse

Oct 24th 2012, 11:54 by P.C.

The Economist

 CAR sales in the European Union have been falling for five years, and there seems no end in sight to the slump. Official figures out a few days ago showed that registrations were down almost 11% in September compared with a year earlier. In France the fall was 18%, in Italy 26% and in Spain a staggering 37%. Britain was the only significant market to enjoy a small rise.