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Germany Threatens to Cut Greece Off
- May 9, 2012
- Alexis Tsipras
- Angela Merkel
- Antonis Samaras
- Austerity
- Bailout
- Chryssi Avgi
- coalition government
- ECB
- Euro
- Euro bonds
- Europe
- European Central Bank
- European Commission
- European Debt Crisis
- Golden Dawn
- Greece
- Greek
- Greek Debt
- Greek debt crisis
- IMF
- Karolos Papoulias
- left coalition
- leftist coalition
- Martin Schulz
- New Democracy
- Pan Hellenic Socialism
- PASOK
- socialist
- Sovereign Debt
- SYRIZA
Responding to Greek leftist coalition Syriza’s leader Alexis Tsipras’ vow to abandon the debt resettlement terms, German leaders vowed today to cut Greece off from any international monetary aid if they fail to support the debt renegotiation settlement terms. Struggling to form a government in the wake of the May 6 elections, Greece’s leadership has […]
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Will the collapse of sovereign debt in Europe trigger the end of the Euro and the EU?
Ever since 2008 the financial world has been roiling because of various forms of insolvency. The most frightening of all developments has been the revelation that certain members of the EU have failed to adopt modernization policies (maintaining cartels and old labor agreements that were unworkable) aimed at making their economies more competitive and that […]
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Bundesbank disapproves of ECB bond buying.
The German Bundesbank has increased pressure on German Chancellor Angela Merkel’s attempts at shoring up support for the ECB bailout of the sovereign debts of Italy and Spain in an attempt to stave off unsustainable future borrowing costs for the two beleaguered EU states. This just highlights the coordination difficulties inherent in the current financial […]
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