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via google translate: Faced with one of the largest European affairs wasting resources, especially at European level, of over 150-200 million, of distinguished professors of the largest universities in the country appear to be the European Anti-Fraud Office (OLAF) and the Greek justice.For one week ten French and Belgian prosecutors, in cooperation with the prosecutor Prosecutor Ioannis Angeli and Financial Crime, trying to sort out how well-known university professors and their [...] 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 [...] From Bloomberg: In the universities of Athens, the city where Plato taught and Cicero studied, campuses are covered in anarchist graffiti, stray dogs run through buildings and students take lessons in Swedish with the aim of emigrating. Higher education in Greece, as in much of Europe, has been battered by the recession and austerity measures. Budget cuts of 23 percent since 2009 mean buildings aren’t heated in the winter, schools have slashed faculty [...] by ZH It appears we may have hit a modest coalligned snag: GREEK MAIN OPPOSITION LEADER SAMARAS REPEATS CALL FOR ELECTIONS SAMARAS SAYS PAPANDREOU REFERENDUM GAMBIT BLOCKED 6TH TRANCHE SAMARAS SAYS ASKED FOR TRANSITIONAL GOVERNMENT SAMARAS SAYS ASKED FOR PAPANDREOU TO STEP DOWN GREEK PRESIDENT TO SEE GREEK MAIN OPPOSITION LEADER TOMORROW So according to Europe a cabinet between the socialists and the right wing populist LAOS (to be politically correct) [...] “Instead of pouring euros down the drain, it would be much wiser for Germany to sponsor a military coup and solve the problem that way.” No, this extract is not from a fascist blog. It is from Forbes magazine and it’s just another one of the provocative articles that follow this insane ongoing anti-Greece campaign of international media. The article circulates a joke going around the financial markets at the moment [...] Uploaded by RTAmerica on Oct 26, 2011 As European leaders try to curb a debt crisis and save Greece, rumors abound about a Greek bank run. Esteemed economist Yanis Varoufakis, professor at University of Athens, says Greek banks are already bankrupt and he has genuine concern about a bank run. He says the banking sector in Europe is where the crisis is unfolding. Half of the EU’s electricity requirements could be fueled by wind power by 2050, according to a report by the European Wind Energy Association (EWEA), which has renewed calls for the Commission to impose a target for renewable energy beyond 2020. Wind energy currently meets 5.3% of the EU’s electricity consumption. EWEA’s report — called “Pure Power” — claims that figure could more than triple by [...] by ZH While it is not exactly clear what has caused the substantial sell off in the EURUSD over the past several hours, even with the explicit support of China of all insolvent European states, the news that the German constitutional court in Karlsruhe is about to commence hearing a lawsuit contesting the legality of the Greek bailout is certainly not helping the euro. As Athens [...] BERLIN — Chancellor Angela Merkel of Germany retreated Friday from demands that private financial institutions be pressured to participate in efforts to rescue the Greek economy, a compromise that seemed to offer some breathing space in Europe’s efforts to confront its potentially ruinous debt crisis. Her critics in the European Central Bank and in many European capitals had argued that any requirement that private investors absorb some [...] |
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