Thursday, May 23, 2013

European Leaders Saying No to Austerity

Austerity is out after the euro-area recession extended to a sixth quarter. Stimulus isn’t yet in. 
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‘Kill bankers, not yourselves’ says Greece’s far-right Golden Dawn

A member of the Greek parliament from the far right party Golden Dawn has urged desperate people in the country to “kill those who are responsible for their problems” rather than commit suicide. He defines “those who are responsible” as bankers.
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Panathinaikos face appeal over licence to play in Greece

Panathinaikos are one of eight clubs in the Greek top flight to be denied licences to compete in next season's championship, the Hellenic Football Federation (EPO) has said.
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EU may give Greece more time to meet fiscal targets: Dijsselbloem

The euro zone may give Greece more time to meet fiscal targets agreed under its international bailout, the chairman of the euro zone finance ministers said in an interview published on Thursday.
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Saturday, May 18, 2013

Samaras Seeks China Investment to Revive Battered Greek Economy

Greek Prime Minister Antonis Samaras promised to give the “red-carpet treatment” to foreign investors as he visited China to help revive an economy that contracted for the 19th straight quarter. 
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What Happened To Greece's Solar Surge?

Well, they did it. Just a few months after reporting exceptionally strong growth in the solar sector, Athens announced that they would implement retroactive cuts to state subsidies. 
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Greece faces slow, jobless recovery next year

Greece's deep, six-year recession is likely to end in 2014, but growth will be weak and unemployment will remain above 20 percent for another three years, the country's international debt inspectors said. 
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