Tag Archives: greek debt

New Greek finance sham (10)

Almost 120,000 ‘ghost’ pensions are being claimed by Greek families who continue to pocket the money even though their relatives have been dead for years. The wide-spread scam has cost the Greek government hundreds of millions of euros, a damning … Continue reading

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Greece forced to tap emergency fund (3)

Greece has been forced to activate an obscure emergency fund for its banks because they are running short of collateral that is acceptable to the European Central Bank (ECB). In a move described as the “last stand for Greek banks”, … Continue reading

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Randall: Greece – It’s the corruption, stupid!

Beneath the desperate debt crisis headlines, Jeff Randall finds a country mired in fraud and fiddling – and discovers its authorities are powerless to stop the rot. Tavros is a scruffy suburb in the south-western part of Athens, about three … Continue reading

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Government braces for selective default (7)

For the first time since Greece’s credit crisis began, the Cabinet met on Thursday to discuss how the government would manage the public impact of a selective default on its debt, a development which now seems inevitable. Prime Minister George … Continue reading

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Warner: Lessons of Argentina crisis ignored in handling of Greece

For a vision of how the Greek debt meltdown is going to end, look no further than the International Monetary Fund’s post mortem into a similar crisis that came to a head almost exactly a decade ago – Lessons From … Continue reading

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Hannan: Enough of this Greek farce – everyone knows default is coming

The “Greek tragedy” metaphor has proved irresistible to columnists, but what is taking place in Athens owes less to Sophocles than to Ionesco. No one seriously thinks that the measures adopted by the Greek parliament will end the crisis. In … Continue reading

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Righter: Greece ties Europe in knots (3)

How did a marginal, misgoverned little nation push all of Europe to the brink? The European Union proudly claims to be more than the sum of its 27 parts, with a collective wealth and influence that gives it elephant status … Continue reading

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Playing with fire (4)

Desperate international efforts to save Greece from bankruptcy were under way last night as fears grew that the country’s economic crisis threatened the ‘whole world economy’. Experts said it appeared to be a question of if, not when, Greece defaults … Continue reading

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Let Greece default on its debts, demand top Tories (10)

Ministers were last night urged to allow Greece to default on its debts – amid warnings the cost of EU bailouts could soar to more than £1trillion. European stock markets tumbled in the wake of violent protests in Athens and … Continue reading

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