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breakingnews
11.02, 16:03
6 comments
A final decision on the long awaited second lifeline for Greece has been put off till next week. Eurozone finance ministers are asking for an extra €325 million of savings in 2012. This has caused concern to investors and driven down Russian indices.
13.02, 10:10
In Monday’s session, Russian markets are expected to win back the losses they bore last week, as Greece finally agreed to austerity measures Sunday. Macroeconomic statistics from the US will join “the Greek factor” this week to drive the indices.
13.02, 03:29
17 comments
The Greek parliament has approved new harsh austerity legislature needed to secure a 130-billion-euro bailout from the EU and the IMF in efforts to avoid devastating default. This comes amid violent riots against the vote in Athens.
Eurozone crisisPublished: 13 February, 2012, 14:11
Greece is a step closer to getting another rescue package from its international creditors. Russian experts say the package will just sooth the pain without curing the disease.
Greece was the brith place of western civilisation so it is fitting to see it become the birth place of the decline of western civilisation.
ask where the money goes.......30 bln to domestic BANKS100 bln to forein BANKS massive jobs cuts in the state sector to the PEOPLE reduction in the minimum wage to the PEOPLE