Congressman Predicts Economic Riots in America
According to Rep. John Fleming, we won’t be getting out of the woods anytime soon, especially with Obama at the helm. “It looks like we’re going to have to go through the same or similar pain [as Greece] to get real reforms,” the Louisiana Republican told the Daily Caller on Sunday.
He said that if the current economic trend is not reversed, “what’s going to happen is [...]
Wolf Richter www.testosteronepit.com
The new Greek finance minister, Yannis Stournaras, until recently a professor of economics at the University of Athens, hasn’t learned yet the art of extortion that is required to accomplish anything at all during negotiations with the Eurozone. And so, when he went to the meeting of Eurozone finance ministers earlier this week at the Eurogroup—which serves as political control over the common currency—he accomplished absolutely nothing. He wasn’t [...]
ATHENS, Greece (AP) — Greece’s three-party coalition government will try to get the economy out of its deep recession by encouraging private investment and making privatizations its “highest priority,” finance minister Yannis Stournaras said Saturday.
“The privatization program aims at attracting important international capital that will be invested mainly in property development and infrastructure,” Stournaras told parliament on the second day of the debate on the new government’s policy platform.
He said the government [...]
(Reuters) – Greece’s new government should stop asking for more help and instead move quickly to enact reform measures agreed to in return for previous bailouts from its European partners, German Finance Minister Wolfgang Schaeuble said on Sunday.
Schaeuble told Bild am Sonntag in unusually blunt language that Greecehas forfeited much of Europe’s trust during the sovereign debt crisis, as reflected in an opinion poll covering the euro zone’s four biggest nations [...]