Greece Debt Crisis: Greece’s Debt Crisis Saddles Germany

Bueno, no es que quiera decir que la crisis es un problema de que lo hemos comunicado mal, como parece decir el gobierno. Me refiero, mas bien, a cosas que podemos hacer, preparandonos, para cuando el tiempo escampe. Las crisis, y esta es de las Keep Reading

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Crisis averted. Broadway.com posted a new Side by Side by Susan Blackwell that will sub nicely: http://bit.ly/b2huiQ
Great Vox column by Charles Wyplosz on greek crisis and the single currency http://twurl.nl/drpuym
S Roach of M Stanley at Nasscom: "markets are in for a rude awakening and we are seeing that now" "this crisis is not over"
Nigeria : Stock Market Crisis|Alhaji Rasheed Ola Yussuff , the chairman of the Association of Stockbroking Houses .. http://oohja.com/x6Go5
Health care woes are a crisis of culture http://bit.ly/98fRjb
Quake crisis a defining moment for Queens priests: Fr Robert Robinson was sitting at his office computer … http://bit.ly/d1npdx #catholic
More hospital fun @luftypants. I’m due for magnetic imaging tests on my brain, nervous system and wrist. Sounds like the banana crisis.
Cuban Midi Crisis – http://www.djtechtools.com/2010/02/04/diy-mod-cuban-midi-crisis/
What lessons marketers can learn from the Toyota crisis: By UTalkMarketing Editor, Clark Turner.Toyota is facing t… http://bit.ly/aAPaHg

The Marital Crisis Time does not heal all wounds.
@bryzee86 Earth Crisis / Destroy the Machines / Deliverance
RT @PRKanzlei #Toyota Crisis communications team has been criticised by leading Japanese PR Exec for easygoing attitude http://bit.ly/dqgJ7D
Rugby League facing fresh crisis after five Catalans Dragons …: Rugby league was embroiled in more controversy a… http://bit.ly/dBAu5j
Coca Cola acknowledges the impact of the global financial crisis in Hard Times, a television commercial featuring… http://bit.ly/9uyA3Y
Crisis Management 101: Lessons from Mr. Wolf http://goo.gl/fb/szgC

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Nevada financial crisis forces hard choices | Philadelphia Inquirer | 02/09/2010 – Philadelphia Inquirer
AP CARSON CITY, Nev. – Nevada Gov. Jim Gibbons yesterday called for education reforms and smaller government, and scheduled a Feb. …

Toyota slammed for ‘easygoing’ attitude to recall crisis – PRWeek UK
Toyota has come under sustained fire from crisis experts for its global response to the brand crisis that has seen millions of cars recalled worldwide. …

BREAKINGVIEWS-Fading crisis should galvanize bank boards – Reuters
One worth repeating, with the financial crisis slowly fading and 2009 results heralding a possible return to normality for some US and European banks: "Why …

California budget crisis’ teachable moment – Los Angeles Times
Maybe, one day, something good will come out of California's budget crisis. Yeah, that's probably an overly optimistic thought. …

Despite budget crisis, state spent $75 million on vehicles, office furniture – Los Angeles Times
By Patrick McGreevy Reporting from Sacramento – Even as the state grappled with a budget crisis last year, bureaucrats spent nearly $45 million on new …

Venezuela’s Chavez Declares ‘Emergency’ on Electricity Crisis – BusinessWeek
The emergency declaration will allow the country to speed up its response to the crisis, Electricity Minister Ali Rodriguez said yesterday on Chavez's radio …

Crisis-Level CME Volume On Global Debt Woes, Jobs – Wall Street Journal
… levels last seen at the onset of the financial crisis, amid a drop in the US unemployment rate and stock market turbulence driven by European debt woes. …

‘PIGS’ Crisis Is Opportunity for Euro to Stand Up: Matthew Lynn – BusinessWeek
9 (Bloomberg) — You never want a serious crisis to go to waste, Rahm Emanuel, US President Barack Obama's chief of staff, said during the 2008 credit …

PLANT EXPLOSION: Multiple crisis hotlines established – Middletown Press
Multiple crisis hotlines have been established to help those affected by the explosion Sunday at the Kleen Energy power plant in Middletown. …

Popular News for Greece Debt Crisis

BBC Sport – Football – Crisis club Portsmouth have fourth owner of the season
Premier League crisis club Portsmouth have their fourth owner of the season after being taken over by Hong .. http://bit.ly/99pkuq

Nathan Bransford – Literary Agent: The Kindle Missile Crisis
As I’m sure you’ve heard by now, here was a major kerfuffle between Amazon and Macmillan over the weekend that is so hugely important it will necessitate the postponement of my planned "Last Week in Publishing" post. I KNOW. Didn’t Macmillan and Amazon realize the implications to my blog——Stay with me, because I’m going to go into the weeds a bit to break this down. And to do that I need to…

Ford sales surge, focus on Toyota crisis| Reuters
[Reuters Business] Ford sales surge, focus on Toyota crisis: DETROIT (Reuters) – Ford Motor Co said on Tuesday it… http://bit.ly/cuqfVc

Funds flee Greece as Germany warns of “fatal” eurozone crisis – Telegraph
Germany has triggered a near-panic flight from southern European debt markets by warning that there will be no EU bail-outs, even though it fears the region’s economic crisis has turned dangerous and could prove "fatal" for the entire eurozone.

U.S. official’s remark fans flames in Toyota crisis| Reuters
U.S. official’s remark fans flames in Toyota crisis: WASHINGTON/DETROIT (Reuters) – The top U.S. transportation of… http://bit.ly/9cOk7G

Greece Debt Crisis: Latest News Updates

Size of public debt catches up with Greece
¢ Value of Greek black economy estimated at 30% of GDP¢ Budget deficit at 12.7% of national income From the empty shops, to the half-full theatres, restaurants, concert halls and hotels, the signs are everywhere: economic crisis has come to Greece and it is biting hard. Nationwide, in islands and far-flung towns, the refrain is the same and it conjures the sombre mood. “People have no money,” says Yannis Barbas, the owner of a once popular but now eerily quiet taverna in Corfu. “And they are worried about the future.”Like a natural disaster, Greece’s financial tsunami has been unexpectedly swift and sudden. Despite the concern, long raised abroad, over the perilous state of the eurozone member’s public finances it has taken much longer for the same alarm to be sounded in Athens.”Our politicians like to cover things up,” said Gerasimos Papafloratos, who runs a tourist shop in the city’s historic centre. “They have failed to implement the right policies for our economy, education and health and, in the case of the last [centre-right] government, actually went out of their way to hide the scale of our debt and deficit.”Greeks know that hiding is no longer an option.

Greeks protest over debt crisis
George Papandreou faces mounting unrest as he tries to fix the â‚¬300bn debt problemFor the first time in the modern history of Greece, anti-government protesters last night pitched tents outside the large standstone building of the Athenian parliament amid growing public anger and unprecedented international concern over the country’s dire public finances.As Greeks attempt to get to grips with an economic crisis that has begun to spill over the borders of their tiny state into the rest of Europe, the sight of tents lined up in Sydagma Square has conjured the mood of the nation: one that is veering, perilously, between bewilderment and despair.”It is a simple issue of survival,” said Anna Tsounara, a protester sitting in a tent lined with sleeping bags and blankets. “I am a divorced mother-of-two. I have never demonstrated like this before but now I want answers. All of us here worked in the public sector on contracts for years and now we are told the state is bankrupt by a government that comes in and says it wants to get rid of us. Just like that. That’s not fair.”Tsounara is not alone.

Greek strikes threaten plans to tackle debt crisis
Customs and tax officials walk out in first action against government austerity programmeGreek customs and tax officials walked off the job today in the first strike against a government austerity programme designed to lift Greece out of a debt crisis that has shaken the entire European Union.The 48-hour customs strike is expected to choke imports entering the market until next week, as the walkout will end just as the weekend begins. Fuel supplies in particular are likely to be badly affected.Greece is under intense pressure from markets and other EU governments to bring its budget deficit down from 12.7% of economic output last year to 2% in 2013. Doubts about Greece’s finances have affected market sentiment toward the debt of Portugal and Spain, two other countries struggling with deficits.Market worries focus on the risk that political resistance to cutbacks will keep Greece from sticking to its plan. A Greek default would be a serious blow to the shared euro currency, but Greece and the EU say that won’t happen.Greece’s prime minister, George Papandreou, is pushing austerity measures such as a blanket civil service pay freeze, higher retirement ages and an increase in fuel tax ” although he has not given details. The EU has backed the plan but warned it may demand even more cutbacks.The EU economy commissioner, Joaqin Almunia, called the Greek programme “achievable” and a European commission report pressed Greece to tackle problems of competitiveness, including high public and private sector wage levels.Wages are one of the few levers eurozone governments have to make their economies more competitive because the 16 members of the shared currency cannot unilaterally devalue the euro or change interest rates to calm rising prices.Greece has agreed to report regularly to the EU on what it is doing, starting in mid-March.But unions, which had so far been muted, have begun reacting. The customs and tax officials’ strike will be followed next Wednesday by a nationwide 24-hour civil servants’ strike, while one of Greece’s largest umbrella unions, GSEE, which represents private sector works, is aiming to call a 24-hour strike on 24 February.Farmers have already been blocking major highways across the country on and off for about three weeks, frequently closing the northern border with Bulgaria and hampering the transportation of goods.

European Commission to support Greek plans to tackle debt crisis
¢ Greece intends to cut and tax its way out of debt¢ Credibility and stability of single currency under threatThe European Commission is to voice support on Wednesday for the embattled Greek government’s attempt to cut and tax its way out of a debt and deficit crisis that will have a large impact on the credibility and stability of Europe’s single currency.But Brussels also signalled wariness and caution today over the plans, calling for further action beyond that mooted by prime minister George Papandreou and hoping to introduce the most intrusive scrutiny of an EU member state’s bookkeeping ever attempted.The commission is to report on the Greek government’s drive to slash a ballooning budget deficit from almost 13 to 3% in three years, including a 4% reduction this year ” a feat that strains credulity for many observers.While the big eurozone economies, crucially Germany, repeat the mantra that there can be no bailout for a single currency country in the throes of a public finances crisis and at risk of defaulting, plans are being hatched behind the scenes in Brussels to come to the aid of the Greeks if push comes to shove.”The eurogroup has powers and mechanisms,” said a senior official in Brussels of the 16 countries using the single currency. “For political reasons there can be no bailout, but the eurogroup can act with the Greeks to reform. We have a monetary union, a system for supporting the currency, interdependence.”The commission today described the Papandreou plan as risky but plausible, while signalling that it did not go far enough.”What we are saying to the Greek authorities is: your stability programme has established ambitious targets and objectives and we fully endorse these ambitious objectives,” the outgoing commissioner for monetary affairs, JoaquÃn Almunia, said.”We consider that the achievement of these objectives in the coming three years, before the end of 2012, is absolutely necessary. These objectives are achievable but they are surrounded by risks,” he said.While Almunia praised the Greek end, but not necessarily the means, the German foreign minister, Guido Westerwelle, told a Greek newspaper that Berlin was standing by Athens. Germany’s economics minister, Rainer BrÃ¼derle, however, reiterated previous dismissals of any talk of bailing out the Greeks.With Ireland, Portugal, Spain and Italy also wrestling with soaring budget deficits coupled with chronic national debt levels, the Germans are anxious about the moral hazard of coming to the rescue of the weakest link in the eurozone lest that encourage others to demand similar treatment.The Greek crisis, which erupted in October when the Papandreou government came to power and disclosed serial lying and obfuscation over years of budget data and fiscal policies, is seen as the biggest test the single currency has confronted.Last week traders were offloading euros at the fastest rate since the Lehman Brothers collapse in September 2008, while the euro has been weakening against the US dollar and the pound sterling in recent months, good news for German exporters. The Greeks are currently having to pay almost twice as much as the Germans to sell government debt.Given the record of dismal bookkeeping and the lack of transparency over Greek economic data, the commission is to demand that its statistical arm, Eurostat, be given unprecedented powers to audit Greek government accounts down to the levels of tax collection, pension funds, hospital spending and the like.EuropeGlobal economyGlobal recessionEuropean commissionGreeceIan Traynorguardian.co.uk © Guardian News & Media Limited 2010 | Use of this content is subject to our Terms & Conditions | More Feeds.

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Se agrava crisis en España y preocupa al mundo — hyipn
Una oleada de malas noticias economicas que renovo las dudas sobre las finanzas publicas espanolas provoco el viernes un derrumbe en la bolsa local, que se extendio por Europa y afecto tambien a EE.UU y Latinoamerica