NEWS ARCHIVE - FEBRUARY 2012
February 27, 2012Greek credit rating cut to "Selective Default" by Standard and Poor's
February 21, 2012New debt deal: Permanent EU economic monitoring mission
February 9, 2012€300 Million in Pension Cuts Stall Debt Deal - "Political Theater"
Unemployment now at 20.9%
February 7, 2012
More Solution Scrambles
February 1, 2012
The scramble for a solution
The Papademos government is juggling dual-talks with bond-holders and public creditors with the March tranche payment hanging in the balance. Read more
Merkel doubles-down on demand that Greece give up budget oversight to EU
Citing failure to implement agreed upon austerity measures Germany is demanding an EU appointed budget control office to directly monitor treaty obligations in Greece. Read More.
Just make deficits illegal - EU legislates reality