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NEWS ARCHIVE - FEBRUARY 2012

For current news items, go to the home page


February 27, 2012

Greek credit rating cut to "Selective Default" by Standard and Poor's

February 21, 2012

New 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

Interim Greek prime minister Lucas Papademos continues to contend with German Chancellor Merkel and French President Sarkozy


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

"Preordained failure" of the Troika Rescue Plan

Article by Yanis Varoufakis at cnn.com which lambastes the maneuvers throughout the crisis in Greece. Read More

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