Monday, September 19, 2011

Greece's Debt Crisis Reaches The Tipping Point



Greek Crisis: Cabinet Meets To Discuss Debt Measures -- BBC

Greek Prime Minister George Papandreou has chaired cabinet crisis talks, a day after cancelling a trip to the US amid growing fears over the debt crisis.

The talks focused on new austerity measures to enable Greece to secure the country's next bailout loan.

Greek newspaper To Vima said lenders had set further conditions including the dismissal of another 20,000 state employees before releasing the loan.

After the cabinet meeting, the finance minister vowed to take tough decisions.

Read more
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More News On Greece's Debt Crisis

Greeks Discuss Drastic Moves to Receive Aid -- New York Times
Greece to launch more austerity measures -- Sydney Morning Herald
Greece Seeks Further Cuts -- Wall Street Journal
Greece braces for more austerity to avert default -- Reuters
Greece: Finance Ministry Denies Default Rumors -- Eurasia Review/RIA Novosti
Greece’s Eligibility for Next Aid Payment Under Scrutiny by EU, IMF Today -- Bloomberg
Greece to Hold Conference Call with EU, IMF -- Voice of America
The future of Greece rests on a phone call -- The Guardian
Greece Is Front And Center For Markets -- Wall Street Journal
Greece must get real, German Finance Minister tells paper -- Reuters
From the Desk of Peter Tchir: “Is September 20th Greek Default Day?” -- Economonitor

My Comment: Europe's vocal commitment to solve it's debt crisis is falling on deaf ears among many foreign observers, and the U.S. Fed is now responding with a different version of QE2.

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