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The man who steered Greece into the Euro zone is back on the helm

Wednesday, June 27th 2012 - 20:36 UTC
Full article 5 comments

The Greek government has appointed a new finance minister after its first choice resigned due to ill health less than a week after being appointed. Economist Yannis Stournaras has now been appointed, the government said. Read full article


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  • briton

    The people has voted,
    Despite all the threats and intimidation, of what would happen if they left,

    We, the world will sit back and watch Greece like a hawk, and they will hope, that not so much, the Greek people voting for austerity,
    But you corrupt politicians don’t fluke it up, and sell em down the river,

    Cause Greece is on the verge.
    We would not like to be in your shoes, if it all goes pear shaped.

    Jun 27th, 2012 - 09:40 pm - Link - Report abuse 0
  • Fido Dido

    Amazing how the greeks are being fooled.

    “We would not like to be in your shoes”
    But we both are (me here in the US and you in the UK) matter happens, greece will default and panic will spread to the US, UK, German and French banks who are in reality insolvent.

    Jun 27th, 2012 - 10:24 pm - Link - Report abuse 0
  • briton

    And then geece will do what it should have done , good or bad, and that is to leave the euro.

    we need to export out of debt, if this is possable .

    Jun 27th, 2012 - 10:29 pm - Link - Report abuse 0
  • Fido Dido

    “we need to export out of debt, if this is possable .”

    To who? UK's largerst trading partners are in Europe and the US. They are broke. The nations in south-western hemispheer aren't interested in being your destination of receiving your products, neither south-east Asia. Those are area's where there is low debt/ debt ratio's to gdp are falling, young affordable/cheap labor and have a long way to go to reach the status of so called “first world development”. This is why leaders like Camoron and other European leaders include from my country are sucking up to those nations for business but are frustrated because of protectionism. Another question is, what does Europe and the US still manufacture since they continue to outsource there business to those countries? remember, if business leaders (who aren't loyal to their homeland) want to do business, they are required to produce it there with partnership. Some will do that, and some won't because they are scared that by time the business will be taken over.

    As you already know, we were already in a currency war (Brazilian called it out and they were right), now we are in a trade war (trade protectionism)..everywhere we look..( include the EU, the largest protectionist block on earth and in trouble) that can or will lead (i don't know, but by reading history) a real war, because that is another solution if exporting yourself out of this mess doesn't work. Europe is by far worse off in those kind of situations (tensions are higher, harmany on steak, we were never united as you read history etc. etc. ). In the US, war drums are getting louder and louder, but we all know, they cannot afford another war and debt is rising faster than ever, while similar situation in Europe but divided (north vs who needs the debt ridden south for exports)

    Let the damn banks fail and let's start over, because the debt cannot be paid off. Austerity measures create hellish situations. History is repeating itself over and over again.

    Jun 28th, 2012 - 04:47 am - Link - Report abuse 0
  • briton

    You may well be right,.

    Jun 28th, 2012 - 06:52 pm - Link - Report abuse 0

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