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Wednesday, 15 August 2012

Greece seeks two-year extension; German reaction

An excerpt from yesterday's Financial Times:

"Greece is seeking a two-year extension of its latest austerity programme aimed at  improving the country's debt sustainability and prospects for a return to growth, according to a document obtained by the Financial Times.

Antonis Samaras, the centre-right prime minister, is expected to outline the proposal during talks next week with Angela Merkel, German chancellor, in Berlin and French President François Hollande in Paris."

Register with the FT to read more.

Extremely negative German reaction

FT Germany, 17 August update:
Griechenlands Premierminister will in Berlin um mehr Unterstützung für sein Land bitten. Doch der Politiker muss sich darauf einstellen, dass ihm die Deutschen eine Abfuhr erteilen. 



Hellas Frappe, behind the scenes

Juncker again (Telegraph)

Trying Times (Nick Malkoutzis)

In spite of the moratorium on public spending, nothing can put a damper on the 15th August celebrations!

Chronia Polla! Enjoy the panigyria!

Flights to Corfu (The Corfu Blog)

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