Road to a Grecian turn?
#1111
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Re: Road to a Grecian turn?
An insight into the current situation :
and
Whole article here An unfounded argument leaves Greece in limbo | MacroPolis
The latest programme review has been in limbo for over a month due to an ongoing dispute between all the involved parties over Greece’s fiscal targets from 2018 onwards.
Last May, the Greek government legislated almost 3 percent of GDP in tax hikes and pension savings to meet the 2018 surplus target. It was assumed at the time that, with most of the fiscal heavy lifting out of the way, the second review would be more manageable.
The IMF believes that the measures that Greece has agreed with its eurozone lenders add up to a primary surplus of no more than 1.5 percent of GDP in 2018. The eurozone on the other hand thinks that the current agreement is enough to see Greece achieve an ambitious surplus target of 3.5 percent by the end of next year.
Last May, the Greek government legislated almost 3 percent of GDP in tax hikes and pension savings to meet the 2018 surplus target. It was assumed at the time that, with most of the fiscal heavy lifting out of the way, the second review would be more manageable.
The IMF believes that the measures that Greece has agreed with its eurozone lenders add up to a primary surplus of no more than 1.5 percent of GDP in 2018. The eurozone on the other hand thinks that the current agreement is enough to see Greece achieve an ambitious surplus target of 3.5 percent by the end of next year.
Trying to reconcile differences over the fiscal issues has rapidly taken Greece from a relatively straightforward review, where labour reforms were expected to be the only truly politically sensitive issue, to German Finance Minister Wolfgang Schaeuble dropping hints about the Bundestag not approving a fourth programme if the IMF is not on board and the opposition leader in Greece irresponsibly raising the threat of Grexit in Parliament as a matter of political expediency.
#1113
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Re: Road to a Grecian turn?
An insight into the current situation :
and
Whole article here An unfounded argument leaves Greece in limbo | MacroPolis
and
Whole article here An unfounded argument leaves Greece in limbo | MacroPolis
For the hard of understanding: please read the above post carefully and try and remember it so I don't have to repeat it to disprove wrong assertions
#1114
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Re: Road to a Grecian turn?
#1115
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Re: Road to a Grecian turn?
that was an error in expression which I apologized for...
You have yet to apologize for your latest error in claiming that the Greek government had done everything asked of them - don't worry we don't expect you to apologize as you are clearly incapable of it....
Go on try and be a man and admit an error!
Last edited by Garbatellamike; Feb 1st 2017 at 3:25 pm.
#1116
Re: Road to a Grecian turn?
Grexit? And the Euromark will march on Uber alles. This year looks interesting
with highly likely increases in Nato funding for the vast majority of EU members, that should pierce a few holes in their budgets! Everyone is ignoring
it or so it would appear! Maybe they think Nato will go away.
with highly likely increases in Nato funding for the vast majority of EU members, that should pierce a few holes in their budgets! Everyone is ignoring
it or so it would appear! Maybe they think Nato will go away.
#1117
Dunroaming back in UK
Joined: Mar 2012
Location: Expat in Yorkshire now
Posts: 11,274
Re: Road to a Grecian turn?
Grexit? And the Euromark will march on Uber alles. This year looks interesting
with highly likely increases in Nato funding for the vast majority of EU members, that should pierce a few holes in their budgets! Everyone is ignoring
it or so it would appear! Maybe they think Nato will go away.
with highly likely increases in Nato funding for the vast majority of EU members, that should pierce a few holes in their budgets! Everyone is ignoring
it or so it would appear! Maybe they think Nato will go away.
#1118
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Location: Arcos de Valdevez "Onde Portugal se fez"
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Re: Road to a Grecian turn?
#1120
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Re: Road to a Grecian turn?
It's fine. I understand your acute embarrasment after all the hectoring and posturing as some sort of tutor.
It doesn't really excuse making up nonsense about what I've posted but hey, why break the habit of a thread?
It doesn't really excuse making up nonsense about what I've posted but hey, why break the habit of a thread?
#1121
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Re: Road to a Grecian turn?
You were wrong admit it.
I was wrong and admitted it you were wrong and rather than admit it refer to my admitted wrong.
You have posted something wrong - you made up the bit about Greece's government having done everything asked - pure invention.
Grow some
#1122
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#1124
Re: Road to a Grecian turn?
Could we widen this a bit? It seems to be getting even narrower, and there are big moves afoot.
Perhaps we could retitle it.
Roads to a Grecian.....Turn Left (or Right) for Italy
AEP in the Telegraph today highlights a worrying report from Mediobanca
The cost of leaving the euro is rising every month for Italy on the increasing financial cost to Italy of remaining in the Euro, and the possibility that the exits have now been locked.
It seems to be available only to their own clients. Some of the papers have bits of it. Does anyone have access to the report itself? -
Perhaps we could retitle it.
Roads to a Grecian.....Turn Left (or Right) for Italy
AEP in the Telegraph today highlights a worrying report from Mediobanca
The cost of leaving the euro is rising every month for Italy on the increasing financial cost to Italy of remaining in the Euro, and the possibility that the exits have now been locked.
It seems to be available only to their own clients. Some of the papers have bits of it. Does anyone have access to the report itself? -
#1125
Dunroaming back in UK
Joined: Mar 2012
Location: Expat in Yorkshire now
Posts: 11,274
Re: Road to a Grecian turn?
Could we widen this a bit? It seems to be getting even narrower, and there are big moves afoot.
Perhaps we could retitle it.
Roads to a Grecian.....Turn Left (or Right) for Italy
AEP in the Telegraph today highlights a worrying report from Mediobanca
The cost of leaving the euro is rising every month for Italy on the increasing financial cost to Italy of remaining in the Euro, and the possibility that the exits have now been locked.
It seems to be available only to their own clients. Some of the papers have bits of it. Does anyone have access to the report itself? -
Perhaps we could retitle it.
Roads to a Grecian.....Turn Left (or Right) for Italy
AEP in the Telegraph today highlights a worrying report from Mediobanca
The cost of leaving the euro is rising every month for Italy on the increasing financial cost to Italy of remaining in the Euro, and the possibility that the exits have now been locked.
It seems to be available only to their own clients. Some of the papers have bits of it. Does anyone have access to the report itself? -