A Greek default is looking more likely as Greek leaders work to reassure their Eurozone partners that they are capable of implementing the reforms passed this past weekend, and that they are ready to make even more cuts. Protests continue, with pensioners and others on the streets.
From Business Insider Mike "Mish" Shedlock
http://www.businessinsider.com/the-latest-greek-deal-is-already-unravelling-2012-2
From the UK Guardian -- Greece Stumbles Defiantly Towards Default: http://www.guardian.co.uk/business/2012/feb/15/greece-stumbles-defiantly-towards-default
and Eurozone ministers cancel meeting: http://www.guardian.co.uk/business/2012/feb/14/eurozone-ministers-cancel-greece-meeting
From Reuters: http://news.yahoo.com/greece-faces-tough-job-seal-rescue-034908192.html
The reforms in detail from CNN: http://www.cnn.com/2012/02/14/world/europe/greece-austerity-detail/index.html?hpt=wo_c2
Opinion -- is extreme austerity breeding radicalization of politics? http://edition.cnn.com/2012/02/13/opinion/greece-politics-opinion/index.html?hpt=ieu_t3
lest we forget the rest of Europe -- Moody's downgrades: http://www.spiegel.de/international/europe/0,1518,815097,00.html
Tuesday, February 14, 2012
Monday, February 13, 2012
Climax nears in Greek drama and the human cost of austerity
From Reuters: http://www.reuters.com/article/2012/02/13/markets-global-weekahead-idUSL5E8D94PF20120213
Radio story from NPR on people's reactions to austerity in Greece: http://www.npr.org/2012/02/13/146795693/greek-protesters-rally-against-drastic-cuts
The riots in pictures from the UK Guardian: http://www.guardian.co.uk/world/gallery/2012/feb/13/greece-austerity-protests-eurozone-bailout#/?picture=385909444&index=15
The human cost - video from CNN: http://www.cnn.com/video/?hpt=wo_c1#/video/world/2012/02/13/chance-greece-middle-class.cnn
From the Daily Beast: http://news.yahoo.com/greece-boils-over-120700059.html
Radio story from NPR on people's reactions to austerity in Greece: http://www.npr.org/2012/02/13/146795693/greek-protesters-rally-against-drastic-cuts
The riots in pictures from the UK Guardian: http://www.guardian.co.uk/world/gallery/2012/feb/13/greece-austerity-protests-eurozone-bailout#/?picture=385909444&index=15
The human cost - video from CNN: http://www.cnn.com/video/?hpt=wo_c1#/video/world/2012/02/13/chance-greece-middle-class.cnn
From the Daily Beast: http://news.yahoo.com/greece-boils-over-120700059.html
Sunday, February 12, 2012
Greek Parliament passes austerity measures - riots continue in the the streets of Athens
News and video from CNN: http://www.cnn.com/2012/02/12/world/europe/greece-debt-crisis/index.html?hpt=hp_t1
The passage of the austerity measures will clear the way for the next round of funding for Greece, avoiding a messy default for now, but Greece will need to do even more cuts going forward in order to meet the demands of Eurozone leaders, the IMF and ECB.
From the New York Times "But the chaos on the streets of Athens, where more than 80,000 people turned out to protest, and in other cities across Greece reflected a growing dread — certainly among Greeks, but also among economists and perhaps even European officials — that the sharp belt-tightening and the bailout money it brings will still not be enough to keep the country from going over a precipice." More http://www.nytimes.com/2012/02/13/world/europe/greeks-pessimistic-in-anti-austerity-protests.html?_r=1&ref=world
A bleak view of the situation on the ground in Greece from a UK Guardian reporter in Athens:
http://www.guardian.co.uk/world/2012/feb/12/greece-cant-take-any-more
The passage of the austerity measures will clear the way for the next round of funding for Greece, avoiding a messy default for now, but Greece will need to do even more cuts going forward in order to meet the demands of Eurozone leaders, the IMF and ECB.
From the New York Times "But the chaos on the streets of Athens, where more than 80,000 people turned out to protest, and in other cities across Greece reflected a growing dread — certainly among Greeks, but also among economists and perhaps even European officials — that the sharp belt-tightening and the bailout money it brings will still not be enough to keep the country from going over a precipice." More http://www.nytimes.com/2012/02/13/world/europe/greeks-pessimistic-in-anti-austerity-protests.html?_r=1&ref=world
A bleak view of the situation on the ground in Greece from a UK Guardian reporter in Athens:
http://www.guardian.co.uk/world/2012/feb/12/greece-cant-take-any-more
Critical Day for Greece - Parliament Votes on Austerity Measures
The latest from Yahoo! News: http://news.yahoo.com/bailout-chaos-pm-papademos-tells-greece-005703038.html
As described by Fox news, "Greece is trapped in a lose-lose predicament: It must deepen an austerity plan begun in 2010 that will throw many more people out of work. Or it must default on its debts, abandon Europe's single currency and see its banking system implode."
As described by Fox news, "Greece is trapped in a lose-lose predicament: It must deepen an austerity plan begun in 2010 that will throw many more people out of work. Or it must default on its debts, abandon Europe's single currency and see its banking system implode."
Friday, February 10, 2012
Greek crisis reaches a boiling point
Eurozone finance ministers have rejected the latest agreement on Greek debt, pushing for more austerity measures, and setting off major protests in Athens.
From Gavin Hewitt at the BBC -- Greece Euro Crisis: Most Dangerous Moment
Greece has until Sunday to come up with a plan -- or perhaps to decide to leave the Euro.
From the Guardian -- Greece crisis reaches boiling point
From Gavin Hewitt at the BBC -- Greece Euro Crisis: Most Dangerous Moment
Greece has until Sunday to come up with a plan -- or perhaps to decide to leave the Euro.
From the Guardian -- Greece crisis reaches boiling point
Tuesday, February 7, 2012
Romania, Greece and the Euro Crisis
Romania's government is the latest to fall due to the imposition of strict austerity measures due to the current fiscal crisis in Europe: http://www.csmonitor.com/World/Europe/2012/0206/Now-Romania-Another-European-government-falls-amidst-eurocrisis
Greece's debt talks dragged on for another day, but were expected to conclude soon: http://www.ajc.com/business/greek-debt-talks-drag-1336259.html
Greece's debt talks dragged on for another day, but were expected to conclude soon: http://www.ajc.com/business/greek-debt-talks-drag-1336259.html
Friday, February 3, 2012
Citizenship, Europe and the Financial Crisis
Peter Schuck of Yale Law School has written an interesting editorial about the EU and the limits of European Citizenship in the Huffington Post: Citizenship and the Financial Crisis in Europe
Nationalism has been on the rise in Europe, with far right parties gaining ground in places like Sweden, the Netherlands, and continuing their support in Denmark and France. These developments are having an impact on approaches to citizenship and immigration. There appears to be an interaction between the fiscal crisis and nationalism, but many of these trends started to develop long before the fiscal crisis hit in 2007-2008. Scotland's potential bid for independence and developments in Hungary are an indication of the response to supranationalization and the lack of a conception of EU citizenship and identity. The Hungarian government has taken the country to the brink of bankruptcy in its bid to consolidate political power in the face of EU disapproval. The ideas of citizenship and solidarity are going through change, but can Danes or Germans identify with Greeks or Spaniards and was this ever a realistic goal?
Nationalism has been on the rise in Europe, with far right parties gaining ground in places like Sweden, the Netherlands, and continuing their support in Denmark and France. These developments are having an impact on approaches to citizenship and immigration. There appears to be an interaction between the fiscal crisis and nationalism, but many of these trends started to develop long before the fiscal crisis hit in 2007-2008. Scotland's potential bid for independence and developments in Hungary are an indication of the response to supranationalization and the lack of a conception of EU citizenship and identity. The Hungarian government has taken the country to the brink of bankruptcy in its bid to consolidate political power in the face of EU disapproval. The ideas of citizenship and solidarity are going through change, but can Danes or Germans identify with Greeks or Spaniards and was this ever a realistic goal?
Subscribe to:
Posts (Atom)