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Strategies & Market Trends : 2026 TeoTwawKi ... 2032 Darkest Interregnum -- Ignore unavailable to you. Want to Upgrade?


To: Haim R. Branisteanu who wrote (91836)6/24/2012 1:10:30 PM
From: Haim R. Branisteanu  Read Replies (2) | Respond to of 217561
 
Germany's Schaeuble Tells Greece to Stop Asking for More Help - Report
24-Jun-2012

Greece should press on with the economic reforms it promised its European partners instead of asking them for more help, German Finance Minister Wolfgang Schaeuble told Sunday paper Bild am Sonntag.

Meanwhile, the weekly magazine Der Spiegel reported that an undisclosed study commissioned by Germany's finance ministry concludes that a break-up of the euro zone would have tremendous consequences for the German economy.

Gross domestic product would shrink by up to 10% and unemployment would soar, the magazine said, citing a ministry official. It did not give the official's name. A spokeswoman for the finance ministry said it has no knowledge of such a study.

Mr. Schaeuble was reacting to an opinion poll showing many Europeans don't believe Greece will ever pay back the hundreds of billions in aid it has already received. The poll was conducted in Germany, France, Italy and Spain--the euro-zone's four largest economies.

"It has to be one of the prime tasks of the new government of Prime Minister (Antonis) Samaras to enact the agreed program quickly, comprehensively and without further delay instead of asking again what else others can do for it," the finance minister said.

Greece's new government, formed by the conservatives and backed by socialists and moderate leftists after the June 17 elections, said it would seek to re-negotiate the terms of the European bailout program.

Newspaper web site: bild.de



To: Haim R. Branisteanu who wrote (91836)6/24/2012 6:45:08 PM
From: TobagoJack  Read Replies (3) | Respond to of 217561
 
hello haim, am pointing out the obvious, but am suggesting that this is not bullish news breitbart.com

i do not see mr obama claiming 'mission accomplished' ... any time soon

am wondering if egypt also has the wherewithal to develop peaceful nukes

in the mean time, libya is stuck in nowheresville

and iraq is still iranian

even as russians are in syria

what happened? mr obama and mrs clinton and mr panetta happened