Rick Steves' Greece: Athens & the Peloponnese amazon.com
Bust: Greece, the Euro and the Sovereign Debt Crisis - By Matthew Lynn amazon.com
Greece's 'Odious' Debt: The Looting of the Hellenic Republic by the Euro, the Political Elite and the Investment Community - By Jason Manolopoulos amazon.com
Understanding the Crisis in Greece: From Boom to Bust - By Theodore Pelagidis amazon.com
The Imminent Crisis: Greek Debt and the Collapse of the European Monetary Union amazon.com
Eyewitness Greece - Athens and the Mainland - 352 Pages
Financial markets and economic growth in Greece, 1986-1999 [An article from: Journal of International Financial Markets, Institutions & Money]
Athens Demographics:
The population count for Athens was 10,964,020 in 2001. According to eurostat, in 2008 Greece had a total estimated population of 11,262,000. Of this, some 695,979 are estimated to be non-Greek.
June 14, 2011
"World's Lowest Rating"
Washington Post article telling the obvious:
"Credit-default swaps on Greece, Ireland and Portugal surged to records Monday on concern that governments’ struggles to resolve the turmoil will threaten their ability to pay off their debts.“The ratings agencies are now playing catch-up with the market,” said Gianluca Salford, a fixed-income strategist at J.P. Morgan in London. “The market is pricing in a very high probability that there will be a credit event around Greece. The agencies are just catching up to the negativity that’s already priced in by the market, not the other way around.
....A “financing gap has emerged in part because Greece’s access to market financing in 2012 and possibly beyond, as envisaged in the current official E.U./IMF program, is unlikely to materialize,” the report said.”
The S & P downgrade is speeding up the whole process of whether Papandreou can keep Greece on the IMF/eurozone path, or if the process has been so suffocated by pressures from inside Greece (and outside, too: European banks refusing to consider restructuring, for example) there's no place to go for the official participants except into an unknown future. "Over-control" may lead to "no control" quite soon.
[For a reference for the ECB refusal to consider restructure on Greek loans, see this May 2011 article from the Economist, The European Central Bank’s refusal to consider a restructuring of Greek debt could wreck the euro zone.]
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