Greece’s new pledges will take epic battle to implement Greece’s latest fiscal and reform pledges may be enough to convince international lenders weary after years of broken promises to keep Athens hooked to a 130 billion euro lifeline, but the battle to implement it will be epic. Few question the new coalition government’s resolve but many doubt whether the cantankerous…
As world economic growth ebbs, talk of new stimulus surges By Howard Schneider ATHENS – Recession has taken hold in parts of Europe, and the euro zone’s stubborn crisis risks a worldwide shock. Growth is slowing in major developing nations, and the U.S. economy may be faltering. When world leaders take stock at a summit next week in Mexico, they’ll…
Daniela Kresch* – O Globo TEL AVIV — O advogado George Pagoulatos, diretor de Planejamento Estratégico do gabinete do premier Lucas Papademos e professor da Universidade de Atenas, não tem ilusões sobre uma solução rápida e fácil para a Grécia. Ele admite que as medidas do governo vão aprofundar a recessão. O GLOBO: O premier Lucas Papademos disse que a…
The biggest public debt restructuring in history is not a world first that makes us proud, despite the enormity of the achievement on a technical and negotiatory level, the massive complexity and difficulty of the task. It represents, as Prime Minister Lucas Papademos said in his statement, a moment of relief, but also a moment to ponder on those who…