ETHNOSAn SOS from Kefalonia
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ELEFTHEROTYPIAVicious Circle: Wrong policies keep opening holes20 billion in loans to pay…for the loans!
At least 20 billions in new loans to Greece are being planned by Berlin in order to cover for failures of the Memorandum, the ineffectiveness of the Hellenic Republic Asset Development Fund [the fund responsible for privatizing Greek state-owned assets] and the credit needs of the country. A precondition is the strict implementation of terms already agreed and the signing of a new Memorandum with strict conditions. The final bill that Greece will have to pay is growing by the day as new ‘holes’ in the budget are constantly being discovered. The latest hit is the outright refusal by Mario Draghi for the ECB to postpone the maturation of Greek bonds held by the bank, something that had been promised as was revealed by his answer to a question by SYRIZA MEP Nikos Chountis. The Greek Finance Ministry is preparing an alternative plan for the avoidance of an ‘accident’. |
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TA NEA
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KATHIMERINI
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DIMOKRATIA
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Press Review February 5
An SOS from Kefalonia as residents fear new earthquakes (photo tweeted by @kgmar); Greece left with €20 billion hole as the ECB refuses to extend maturity of Greek bonds; A new party established is Golden Dawn with another name; Switzerland rejects gov’t request for the taxation of bank deposits of Greeks; and George Papandreou ‘confesses’ to following Merkel’s orders.
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