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-- Your friends at Boston.com
At least I found the printed PoS:
"Greece would get $65b in new loans" June 10, 2011|By Bloomberg News
BRUSSELS — European governments and the International Monetary Fund would lend up to an extra $65 billion to Greece under an expanded plan to avoid the eurozone’s first sovereign default, people with knowledge of the talks said....
Greek bonds fell for third day and the price of insuring Greek debt against default reached a record as 5,000 public workers struck against the asset sales and budget cut plans demanded by Europe and the IMF as conditions for aid.
Some call that extortion.
Chants of “no, won’t sell’’ rang out outside the Finance Ministry in Athens as Prime Minister George Papandreou’s Cabinet weighed the emergency plan....
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Related: Greek Protesters Perfect
Globe's coverage of them is far from it:
"Putting Germany at odds with the European Central Bank and the French government, Berlin has proposed extending the maturities on Greek bonds by seven years, insisting that private investors must share in the cost of any fresh financial aid to Greece....
That NEVER GOES OVER WELL with banks, 'er, investors.
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And they are the ones that get hit with E .coli, 'eh?
"Greece details new cutbacks" June 11, 2011|By Jack Ewing and Niki Kitsantonis, New York Times
ATHENS — Greece provided details yesterday of a four-year economic plan designed to extract the country from its deepening debt hole, including new taxes as well as additional cuts to public spending and a winnowing of the civil service, even as protests by opposition parties, unions, and the public mount.
Because GOVERNMENTS -- no matter what their name -- EXIST TO SERVE BANKS!
Adoption of the new measures is “a prerequisite for further emergency funding,’’ he added.
Translation: The IMF is in charge of your country now.
The European Union and the International Monetary Fund promised Greece $157.8 billion in loans last year and are now discussing an additional bailout to save Greece from default and avert a financial crisis in the euro zone.
Translation: the FIRST ONE FAILED!
What is that they say about repetition, insanity, and expected outcome?
But an impasse over the next phase of aid for Greece deepened yesterday after German lawmakers endorsed plans to require private investors to share the cost and the European Central Bank hardened opposition to the idea.
The MONEY ADDICTS won't give up a DAMN CENT, will they?
Details of Greece’s austerity plan disclosed yesterday included more public sector cutbacks and tax increases.
The new taxes include a graded “solidarity tax,’’ ranging from 1 to 4 percent according to income, with an additional 3 percent tax on the income of civil servants.
I sure hope they Greece up the cop, firefighter, and teacher before they f*** 'em in solidarity with the international bankers.
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These games aren't any fun anymore, readers.
Next day update:
"Default would be dire, Greek leader says" by Associated Press, June 13, 2011
ATHEN — Greece’s prime minister, George Papandreou, said yesterday that he will continue with policies to drastically cut the country’s debt because the alternative — a default — would be catastrophic.
“We have taken a decision that no Greeks should live through the consequences of a default — and to change the country radically so that it . . . can stand on its own feet,’’ Papandreou told a newspaper. Never “did I imagine that we would need to slash pensions in order for the state to continue to pay any pensions at all,’’ he added....
What socialist sophistry.
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He's a socialist, all right -- for bankers.
