Fickle Greece Wants to be Unbridled

Send antarteggonia to Turkey as kebabs!

(David Oakley in London and Kerin Hope in Athens, Financial Times, April 5 2010) Greece will this month launch a multibillion-dollar bond in the US in its hunt for new investors, selling itself for the first time as an emerging market country as demand for its debt dwindles in Europe.

LONDON (William L. Watts, MarketWatch) -- Greek government bonds fell sharply Tuesday amid renewed worries over the details of a standby aid program approved last month by euro-zone leaders. A report by Market News International, later denied by Greek officials, Greece was seeking to amend the plan to avoid triggering the IMF portion of the plan. The report said Greek Prime Minister George Papandreou feared the measures could trigger social and political unrest and that the premier wanted to alter the plan to bypass an IMF contribution.

Speech By Greece PM Papandreou Before Brookings: "Speculators Now Threaten The Entire Global Economy" March 8, 2010. we European leaders must show real leadership to prevent unbridled market forces from hijacking this success story for their own ends. I am confident that we will succeed, beacause we cannot afford to fail.

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Lucky Velotres
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