Thursday, November 8, 2012

Back to the Euro Crisis

Greece's Parliament has approved a new austerity budget while unemployment continues to rise and Greece's economy contracts: http://www.economist.com/blogs/freeexchange/2012/11/euro-crisis
Another perspective from the Telegraph: http://blogs.telegraph.co.uk/finance/ambroseevans-pritchard/100021180/who-will-stop-the-sado-monetarists-as-jobless-youth-hits-58pc-in-greece/?utm_source=dlvr.it&utm_medium=twitter

Meanwhile the EU and IMF apear to be at odds over Greek debt: http://www.ekathimerini.com/4dcgi/_w_articles_wsite1_1_08/11/2012_469142

David Cameron and Angela Merkel met this week amid concerns that British conservatives want to consider leaving the EU:
http://www.washingtonpost.com/business/at-london-dinner-germanys-merkel-lobbies-a-reluctant-britain-to-back-closer-eu-integration/2012/11/07/b1e65d34-2923-11e2-aaa5-ac786110c486_story.html

Another commentator feels that there are deeper tensions that need to be dealt with: http://www.telegraph.co.uk/news/worldnews/europe/eu/9658443/Germany-is-losing-patience-with-Britain.html

Britain's Prime Minister David Cameron, left, goes to shake hands with German Chancellor Angela Merkel, right, as they pose for the media before their meeting at 10 Downing Street, in London, Wednesday, Nov. 7, 2012. The Prime Minister said at a recent EU summit in Brussels that he would veto any proposal for the next seven-year budget framework that went above a freeze on the current position, this, in turn, allegedly left the German Chancellor prepared to scupper a summit of European leaders due on 22-23 November on the EU budget unless David Cameron withdraws the threat of a blanket veto. Photo: Bogdan Maran / AP
Britain's Prime Minister David Cameron, left, goes to shake hands with German Chancellor Angela Merkel, right, as they pose for the media before their meeting at 10 Downing Street, in London, Wednesday, Nov. 7, 2012. The Prime Minister said at a recent EU summit in Brussels that he would veto any proposal for the next seven-year budget framework that went above a freeze on the current position, this, in turn, allegedly left the German Chancellor prepared to scupper a summit of European leaders due on 22-23 November on the EU budget unless David Cameron withdraws the threat of a blanket veto. Photo: Bogdan Maran / AP


Read more: http://www.sfgate.com/news/article/At-London-dinner-Merkel-urges-UK-support-for-EU-4017070.php#ixzz2Berh8rfA

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