Wednesday 25 July 2012

Greece, "Way Off Track"

Reuters article

Kathimerini

Money woes

Albanians and Bulgarians living in Greece are apt to say, somewhat cynically, that it is time for Greek families to start selling off some of their extra houses, apartments and other real estate."Few other Europeans enjoy the use of such an extensive portfolio of properties". "One family home should suffice", says the average Bulgarian.

Update, 26 July, Reuters "Greece hammers out austerity cuts"

"Δεν αρκούν πλέον τα λόγια. Οι πράξεις είναι πολύ πιο σημαντικές" (Barroso to Samaras).

Wall Street Journal, 27 July, on the size of the shortfall.

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