A Banco Santander note on Thursday addressing the misled general belief that it is Finland’s government that poses the tallest barrier in the Greek bailout’s way: “Positive news from Greece. The government announced aggressive additional measures necessary to reduce the deficit and thus gain access to the next €8bn tranche of aid. In any case, the risk of implementation is very high so it is expected that December (coming quarterly…
A Banco Santander note on Thursday addressing the misled general belief that it is Finland’s government that poses the tallest barrier in the Greek bailout’s way: “Positive news from Greece. The government announced aggressive additional measures necessary to reduce the deficit and thus gain access to the next €8bn tranche of aid. In any case, the risk of implementation is very high so it is expected that December (coming quarterly…
NEW YORK | It seems that there is already a critical mass of economists suggesting that the whole austerity passion that all of a sudden possessed world leaders is just the wrong passion. In this Monday CNN’s interview, Nobel economics laureate Joseph Stieglitz said he thinks the US government has to go away from austerity and go for a growth strategy. The same applies to Greece: if they continue to…
Bankinter analysts, in Madrid | This week is to be decisive for Greece. The technical team of the so-called troika of creditors (the IMF, European Union and European Central Bank) will return next Wednesday to Athens to see if the Greek government can clarify the figures it failed to make clear the previous week (this is why the troika left abruptly) and on Saturday, the euro group is meeting probably to…
Bankinter analysts, in Madrid | This week is to be decisive for Greece. The technical team of the so-called troika of creditors (the IMF, European Union and European Central Bank) will return next Wednesday to Athens to see if the Greek government can clarify the figures it failed to make clear the previous week (this is why the troika left abruptly) and on Saturday, the euro group is meeting probably to…