Economy Minister Philipp Rösler said he was disappointed with the efforts of debt-wracked Greece to implement reforms, while a senior conservative said Germany would block further aid if the country did not fall in line.
“I’ve lost my illusions,” Rösler told Focus magazine. He is also vice chancellor and leads the pro-business Free Democrats in the ruling coalition.
“I proposed with German businesses a whole series of support measures for the Greek government. The [...]
“We now perceive the eurozone crisis as a long-term threat to the South Korean economy,” says the finance minister. “We need to store up enough fiscal measures to endure this long journey.”
South Korea indicated that it’s preserving fiscal firepower for worsening economic conditions after Europe’s debt crisis triggered a cut to the nation’s growth forecast.
The government’s 8.5 trillion won ($7.4 billion) of economic support measures announced yesterday, including assistance [...]
… A majority of doctors support measures to deny treatment to smokers and the obese, according to a survey that has sparked a row over the NHS’ growing use of “lifestyle rationing.”
Some 54% of doctors who took part said the NHS should have the right to withhold non-emergency treatment from patients who do not lose weight or stop smoking. Some medics believe unhealthy behavior can make procedures less likely [...]
If anyone is surprised that things in Europe will get massively surreal before this is all over, we suggest finding another thread. In the meantime, for the latest example of the utter chaos and “make it up as we go along” we go to the ECB which has just, in very polite terms, warned Belgium that its bailout-cum-nationalization plan may not be quite feasible. [...]
Well, let’s hear what some of the top financial experts in the world have to say.
#1) Economist Nouriel Roubini:
Ã¢â‚¬Å“We are still in the middle of this crisis and there is more trouble ahead of us, even if there is a recovery. During the great depression the economy contracted between 1929 and 1933, there was the beginning of a recovery, but then a second recession from 1937 to 1939. If you [...]