Saturday, February 4, 2012

@08:51, 02/04/12 2

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  • TimesPeople recommended a user:
    Feb 3, 2012
    Tamar

  • TimesPeople recommended a user:
    Feb 3, 2012
    Posey's Future
    • Henry recommended a blog post:
      Mar 7, 2011
      Does IMF Stand for Impressive Macroeconomic Flexibility?
      So the IMF is holding a meeting on rethinking macroeconomic policy (I was invited but couldn’t make the timing work.) And the Fund’s chief economist has already made it clear that he’s open to some serious revision of the prevailing paradigm.

      Blame the unions.

      http://www.guardian.co.uk/business/2012/feb/03/greece-rescue-package-blocked-unions

      http://www.nytimes.com/pages/todayspaper/index.html
      Greek Premier Faces Impasse Over Demand to Cut Private Wages
      section A - page 7
      http://www.nytimes.com/2012/02/05/business/global/greek-official-says-barriers-remain-in-talks-with-creditors.html?ref=global

      "Agreement was reached on issues like the recapitalization of Greek banks and the privatization of state assets, Mr. Venizelos said.


      “Two major, interrelated, issues remain unresolved — labor relations and wages in the private sector, and the fiscal measures that must be taken to ensure we are within target for 2012,” Mr. Venizelos said after a two-hour conference call with euro zone officials. Despite the barriers, a deal must be reached in bailout talks by Sunday night, he said.

      Earlier in the day, state television announced that a meeting scheduled for Saturday between the Prime Minister Lucas Papademos and the leaders of the three parties in his coalition had been put off until Sunday afternoon as talks between the government and creditors dragged on. Mr. Papademos is expected seek political support for a new round of austerity measures.

      “Everything must be completed by tomorrow night, all the issues must be resolved, commitments made and procedures set in motion to ensure we are on deadline in view of the bond expiry in March,” Mr. Venizelos said. He was referring to a 14.5 billion-euro payment that Greece must make on March 20 or face a potentially disastrous default." 
      This looks like a "NO!".




  • TimesPeople recommended a video:
    Feb 3, 2012
    Bill Cunningham | Power Point
    Bill Cunningham is an accute observer.
    Mens' Wear has been a mystery. It is of the one percent.




















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