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To: Haim R. Branisteanu who wrote (73032)3/23/2010 3:46:25 PM
From: KyrosL  Respond to of 74559
 
Yes, it looks IMF plus EU assistance for Greece. Both given under IMF rules.



To: Haim R. Branisteanu who wrote (73032)3/23/2010 4:53:06 PM
From: Cogito Ergo Sum  Respond to of 74559
 
small unnoticeable increase tax on alcoho


Apparently little tax is paid at all so that may be a deal breaker.. Killing the Ouzo market ;O)



To: Haim R. Branisteanu who wrote (73032)3/25/2010 5:28:17 AM
From: Snowshoe  Respond to of 74559
 
>>increase tax on alcohol<<

Good idea, make Elmat pay!



To: Haim R. Branisteanu who wrote (73032)3/30/2010 9:41:28 AM
From: Dennis Roth  Read Replies (1) | Respond to of 74559
 
Europe has left Greece hanging in the wind
telegraph.co.uk

Excerpts:

The joint EU-IMF facility can be activated only ultima ratio – as a last resort – once Greece is shut out of debt markets and not until eurozone stability is threatened.

“So they want Greece to reach the point of bankruptcy before they help us?” asked Greek opposition leader Antonis Samaras

Greece is worse off than before. It cannot decide when to invoke the mechanism. It has given up its right as an IMF member to go to the fund when it wants, leaving it prisoner to Europe's deflation dictates. "The IMF would be a lot softer than Europe," said Ken Rogoff, the fund's former chief economist.