NEWS ARCHIVE - OCTOBER 2011
October 31, 2011
Greek unemployment pegged at 17.6%
Eurostat has released data showing that Greek unemployment rose to 17.6% in July 2011.
October 20, 2011Austerity vote passes on first reading
October 19, 2011Athens "on fire" again : Strikes and protests more violent than usual around Syntagma Square.
October 17, 2011
Does Greece have a future?
"Papandreou acknowledges that Greeks face a monumental or seemingly Sisyphean task of rebuilding the economy, which is forecast to shrink by 5.5 percent this year. But he has portrayed himself as an optimist, believing that the crisis-driven change will forge lasting improvements."
Full article by Ken Maguire at the Global Post.
"Bigger Cuts Needed" despite July ageement
"German Finance Minister Wolfgang Schaeuble said the reduction of Greece’s debt by means of private sector participation must be bigger than agreed in July by euro region leaders in order to achieve a “sustainable solution” for the over-indebted country."
Brief item at Bloomberg