May 9, 2011
New eurozone idea: Demand for Collateral.
How is Greece like Lando Calrissian in The Empire Strikes Back? They're both complaining that this deal is getting worse all the time. Some are speculating that the Greeks might just tell the ECB and the EU to go pound sand. "Monty" at Ace-Spades blog
A Bloomberg report by James G. Neuger and Brian Parkin on the situation:
" European Union officials may require Greece to provide collateral for aid as policy makers struggle to prevent the euro area’s first sovereign debt restructuring, said a person with direct knowledge of the situation.
Expanding the 110 billion-euro ($158 billion) lifeline Greece received last year may mean that assets or revenue from asset sales are used to secure extra funds, the person said. Demanding collateral, an idea floated last year by Finland, may help avoid a political backlash against bailouts. "
Greece's Golden Visa program
Advertisement: I am an Amazon affiliate
Fodor's Essential Greece: with the Best of the Islands (Full-color Travel Guide) – Amazon
- Illustrated experiences guide to the top things to see and do
- Multiple itineraries to help organize your days
- 40+ detailed maps for easy navigation
- Color photos throughout
- Local recommendations for sights, dining, hotels, nightlife, shopping, and activities
- “Best of” features covering beaches, food and drink, and more
- Trip-planning tips on when to go, getting around, avoiding crowds, and saving money
- Historical and cultural insights into Greek people, art, architecture, and cuisine
- Special features on the Acropolis, Greek gods and heroes, Greek history, Meteora, and more
- Local writers highlighting lesser-known places
- Greek-language primer with useful words and phrases
- Up-to-date coverage of Athens, Santorini, Mykonos, Crete, Corfu, Rhodes, the Aegean, Sporades and Saronic islands, Delphi, Central Macedonia, Meteora, and the Peloponnese
- 800 Pages
