I expect a slow return to growing panic.
The inspectors will stay in Greece until the last moment.
I have no idea if they will return a positive or negative report on the negative situation they find there.
If positive Greek exit will take place in six months. If negative it will be in about a month.
My preference is to end the Republican party in November so we can fix the economy.
I doubt that will happen. The politics of rationality are a puzzle.
 | | | | | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| | | |
| | | |
| |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
 LondonParisFrankfurtWall StreetTokyo | | | |
| | | |
| |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Share Prices | | Summaries: London | NYSE | Nasdaq | Paris | Frankfurt | |
| Search share prices by name or symbol*: | | View London's top shares by sector | |||||||
|
| ||||||||
* In London, New York, Paris, Frankfurt and on Nasdaq. |
| ||||||||
|
| | | | | | ||
| |||||||
£ | $ | € | ¥ | | |||
£ | - | | |||||
$ | - | | |||||
€ | - | | |||||
¥ | - | | |||||
| |||||||
| | | | | | | | ||||||||||
| |||||||||||||||||
price | change | % | | ||||||||||||||
| Brent Crude Oil Futures $/barrel | 105.92 | -0.55 | | -0.5 | | ||||||||||||
| West Texas Intermediate Crude Oil Futures $/barrel | 89.52 | -0.57 | | -0.6 | | ||||||||||||
| Forex Gold Index(pm fix) $/oz | 1617.75 | -0.50 | | -0.0 | | ||||||||||||
| Coffee "C" Futures US cents/pound | 178.10 | +4.65 | | +2.7 | | ||||||||||||
| Copper 3mo Unofficial Confirmed $/m tonne | 7537.50 | -25.00 | | -0.3 | | ||||||||||||
http://www.athensnews.gr/portal/11/57322
| Troika staying until measures are finalised | |||
| |||
 "The European Commission (EC), European Central Bank (ECB) and International Monetary Fund (IMF) troika will stay in Greece until a credible package of measures is drafted, in collaboration with the Greek government, IMF delegation chief Poul Thomsen told finance minister Yannis Stournaras. Ministry sources said Thomsen informed the minister on this change of plans during a working dinner on Friday. The same sources said that the atmosphere at the dinner was "exceptionally good" and marked a change in the attitude so far of the representatives of Greece's creditors', with Thomsen cited as telling Stournaras that "we want to help and will stay as long as needed for you to prepare the package". According to the initial itinerary, the troika was to depart Greece at end of July and return at the end of August, to see the progress made in the package of measures to cut state spending by 11.5 billion euros over the next two years and in the execution of this year's budget. However, such a timetable would have resulted in a large delay in the disbursement of the outstanding tranche of the bailout loan to Greece. Stournaras will meet with the representatives of the three parties supporting Greece's new coalition government in order to finalize the measures still outstanding for the 11.5 euros package, which will be put to a meeting of the three party leaders on Monday afternoon. Government spokesman Simos Kedikoglou said the coalition government was making a new, earnest effort. Even in its short time in power it was regaining credibility, and the country's image abroad has changed. "Greece is being treated in a different way. We are still at a marginal point, however," he added. (AMNA)" | |||
Debt crisis: ECB intervention hopes drive markets higher
30 Jul 2012
| 33 Comments Geithner, Schaeuble urge euro co-operation
30 Jul 2012
| 116 Comments Debt crisis: as it happened - July 30, 2012
30 Jul 2012
| 485 Comments Austerity holidays: Euro leaders stay close to home
30 Jul 2012
| 82 Comments ECB could take haircut on Greek bonds in 'last chance' plan
29 Jul 2012
| 240 Comments A dose of inflation could start to look like a cure for our current ills
We all need some respite from the euro crisis – well I certainly do – but there is one issue which continues to reverberate throughout the euro debate and also lies at the heart of the British economic predicament, namely the inflation outlook.- 30 Jul 2012: Mark Weisbrot: The ECB has the power to end the eurozone crisis. But it refuses to do so – in order to push a regressive political agenda
34 comments - 30 Jul 2012: Tobias Jones: Italians might be bewildered by Monti's greyness, but they're also strangely proud to have a statesman in charge at last 15 comments
-
30 Jul 2012: European Central Bank's pledge to save euro hampered by investor doubts as currency slips on foreign exchanges
- 30 Jul 2012: Dean Baker: The IMF and Germany don't want Greece to know the truth – that a euro exit might lead to a stronger economy, not ruin 149 comments
- 30 Jul 2012: Officials from the EU, IMF and ECB say they will stay in Athens until measures to seal long-awaited €11.5bn deal are agreed
I will see what happens next.
.
No comments:
Post a Comment