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Archive - Feb 22, 2012

A deputy who has exported one million euro to a Swiss bank is wanted

22 February 2012 / 21:02:23  
Deputies are suspicious about one another and require the name of their "forethoughtful" colleague to be announced soon.

The first exchange of bonds under the PSI programme will be in April

22 February 2012 / 20:02:09  
As of 1 March, the government eliminates collective labour agreements and wages in the private sector will be reduced by an average of 22%. The collective action clause CACs in the PSI process will be triggered if the involvement of private creditors in debt reduction exceeds two-thirds or 66%.

Privatization in Greece has been delayed for decades and should start immediately

22 February 2012 / 18:02:56  
Traditionally, any attempt to privatize a publicly owned enterprise faces acute response by trade unionists and the political power does not show great commitment to the utilization of large publicly owned abandoned property.

live Fitch has downgraded Greece

22 February 2012 / 16:02:34  
Fitch Agency downgraded Greece from CCC to C, report news agencies. The reason is the second bailout to the country, voted by the Eurogroup, which provides for the involvement of private creditors in the exchange procedure of Greek securities.

Remaining in the euro area will lead to serious political instability and a threat of revolution

22 February 2012 / 15:02:57  
True to himself and known as Dr. Doom - Nouriel Roubini, who took part this week in a debate held in Athens on "Greece should default on its debt and leave the euro" has stated this.