EU MINISTERS TO DELAY GREEK AID CALL FOR WEEKS, OFFICIAL SAYS!!! Schauble says it will still be too early to make decision on Greece next week...

From statistics.gr, a fresh batch of truly awful Greek employment numbers.

Unemployment rate in August 2012 was 25.4% compared to 18.4% in August 2011 and 24.8% in July 2012. The number of employed amounted to 3,726,663 persons. Τhe number of unemployed amounted to 1,267,595 while the number of inactive to 3,375,297. The corresponding figures for August 2007 to 2012 are presented in Table 1.

The number of employed decreased by 327,658 persons compared with August 2011 (a 8.1% rate of decrease) and by 36,597 persons compared with July 2012 (a 1.0% rate of decrease).
Unemployed increased by 351,666 persons (a 38.4% rate of increase) compared with August 2011 and by 23,442 persons compared with July 2012 (a 1.9% rate of increase).


Read more: [link to www.businessinsider.com]

Bureaucrats are the best on doing nothing.

Business Insider‏@businessinsider

The Athens Stock Market Is Getting Destroyed [link to read.bi]

They are afraid and Greece should play with it!

Greek bureaucrats vs. the Brussels ones. Hilarious.

Unemployment recorder new high on August. 25.4%And this is the official number. Which means it is around 30%.
[link to translate.google.gr]
IMF seems that will stay in the program only if it is implied a new haircut of 50% which will include the ECB. So basically little chances that greece wont bankrupt.

this is so so bad!!!

what's the news on Greece today?

3 minzerohedge‏@zerohedge

Merkel Says Debt Reduction of ‘Utmost Importance’ in Crisis. But no restructuring? Go figure

Business Insider‏@businessinsider

Here Comes The ECB Interest Rate Decision... [link to read.bi]

Though I was thinking that the Athens Stock exchange whould have raise as hell, it is droping to hell. -3.8% at the momment. Seems that something is going on. As IFUN says bankruptcy is on the way.
Also PASOK seem to falling apart. I think the week after this we will see huge events in PASOK.

Yes i agree, when this austerity measures pass yesterday i really was pissed off, but then someone explained that gov is falling appart and gov is loosing his majority very fast... maby new elections are very very near!

Well, thats a good thing afterall.

Morning Luis, Foveras!
EU said that there won't be any decision on the eurogroup of Nov. 12 about the tranche. Another MP wants to leave pasok and be indepedent, Androulakis, sob voted yes yesterday though, coalition goes to 152 if this happens.

That stuff is getting out of hand fast.

Hello my friend!!! Big news on Greece!

And the euro is falllling!!!

Actually Androulakis just announced on the radio that he is leaving, another one from Pasok Loverdos is making strange noises.

Loverdos, the gravedigger of Greek health systems, is rumorded that will question the current leadership of PASOK. I think PASOK within next month will be nomore.

Hello IFUN
No it will rise to 168 as DIMAR will vote yes. Well let them vote and then lead us to bankruptcy. Their betrayal will be then fulfilled

Loverdos is a sob, no question about it. There were rumors last month that he wants to form a new party. If this happens within a month it will be great.


Last Edited by insertfunnyusername on 11/08/2012 08:40 AM

You think that Dimar will vote yes? That would be a serious backstabbing.

They said that they will vote yes for the 2013 budget.

Something needs to be done mate, the sellout has begun, have you heard about a giant Czech fund called PPF, that wants to buy 20% of Pireos bank? Pireos bought Agrotiki bank, that means that the vultures will buy a big percentage of Greek lands. Dammit they are selling us out, can't still understand why the sold Agrotiki.

And you have that dumb bitch Angela saying that Greeks can't strike for all the privatizations that will happen. Stupid bitch knows that they will happen.


Last Edited by insertfunnyusername on 11/08/2012 08:50 AM

The situation is irreversible. Anyway within this 2 last months of the year thinks will change a lot.