Monthly Archives: February 2015
The #Eurogroup #statements for #Greece: No Flexibility only within current programme and targets as set in eurogroup 2012
by reading the documents you clearly notice the sharp contrast in principles. Wording differences do not matter, what matters is what stays always the same in the documents, which is the commitment to the current programme. Even the flexibility is within what the current programme permits.
All the rest for corruption and tax evasion are more than obvious and do not offer since are not bounded upon specific measures. But the most important is the huge difference in the conception of fiscal policies about labour, employment, privatisations and market liberalisation… upon which there is a huge gap. Its very dreamy for someone to believe that he can change European leaders perception on those issues. Documents are binding on eurogroup 2012 statements.
The Grumpy Economist: Beware of Greeks Bearing Bonds
The Opinion of Stiglitz
This stochastic environment increase radically the need for monitoring and analysing the market since management cannot rely on point estimates but all options need to take into account stochastically. Companies which donot invest in monitoring and assessment as well as risk mgmt are like ships without a compass.
Bloomberg – These Experts Know Exactly Where Oil Prices Are Headed http://www.bloomberg.com/news/articles/2015-02-06/these-experts-know-exactly-where-oil-prices-are-headed
1 billion€ will be the plus cost in case the total money needed from ELA vs ECB by $Greek Banks comes to 60b€
If the amount needed from #ELA BY the #Greek banks will be up to 60 b€ as referred below than the plus cost for Greece will be approximately up to 1 b€
Or an extra burden aproximately 250€ per worker in Greece.
Bloomberg – Greek Shares Heading for Best Week Since 2012 on Banks’ Rebound http://www.bloomberg.com/news/articles/2015-02-06/greek-shares-heading-for-best-week-since-2012-on-banks-rebound