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GREECE SITUATION UPDATES: The death of a 19-year-old Greek student has come to symbolize everything that's wrong with austerity!!!
Ms Sans Serif
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[quote:insertfunnyusername:MV8xODY4OTU4XzM0NjYxNTU2XzhGRUJFRUM1] Some very interesting numbers and proposals from the following article. The proposed 0.70% interest reduction in the eurogroup will reduce Greek debt only by 1.4% in 2020. But if Greece manages to stop or suspend paying interest in her EFSF loans the Greek debt will be reduced by 17% of GDP (about 44 billion, as it's the current tranche), in addition, if The ECB returns its profits on Greek bonds that has in its portfolio (its got a discount on purchases 25-30%) then the debt would be reduced by a further 5% of GDP (meaning that ECB so far made a profit of about 14 billion by "helping" Greece only with these particular bonds). http://translate.google.gr/translate?sl=el&tl=en&js=n&prev=_t&hl=el&ie=UTF-8&layout=2&eotf=1&u=http%3A%2F%2Fwww.analystsforchange.org%2F2012%2F11%2Fblog-post_2826.html&act=url No worries though, Greek govt is negotiating very hard for the 0.70% reduction. :sideways: [/quote]
3 min Theodora Oikonomides‏@IrateGreek
#Greece Army has ordered a sudden, real-time preparedness exercise of Rapid Response force on a remote island, via @doleross #rbnews
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