Troika bosses finally stumble upon a deal February 21, 2012 EUROPEAN leaders have finally agreed the terms of the second Greek bailout, which they hope will bring down the country’s crushing debt burden and allow for a long-term shift towards stable economic growth. International Monetary Fund (IMF) boss Christine Lagarde praised the deal, saying it “will create the space needed to secure improvements in debt [...]
Leaders hail agreement yet sustainability still in doubt February 21, 2012 GREECE’S finance minister hailed the country’s latest bailout deal yesterday, saying that politicians had avoided “a nightmare scenario”. “It is maybe the most important [deal] in Greece’s post-war history,” Evangelos Venizelos argued, welcoming the “long-term support” that he says will enable Greece to stay in the Eurozone. Yet research by the troika of main lenders [...]
Europe is just throwing good money after bad February 21, 2012 EUROZONE finance ministers have obviously opted out of the working time directive. It took them thirteen hours to hammer out the terms of Greece’s latest bailout on Monday night. Like teenagers, they only seem able to achieve anything in the wee small hours, when most sensible adults are asleep. But even a teenager could tell [...]
CITY VIEWS: WILL THIS BE GREECE’S FINAL BAILOUT?* February 21, 2012 JAY RAO WHITEHORSE TRADING “No way. Greece’s economy is broken; the money the Eurozone has given is nowhere near enough. The best thing to do is get them to leave the euro so they can have a clean slate.” GREG DAVIS DETICA “I suspect this won’t be the last time that Greece asks for a [...]
Greece’s debt holders unveil exchange deal February 21, 2012 PRIVATE holders of Greece’s debt finally agreed a proposal for a bond swap with the stricken country yesterday, which will see the value of their bonds written down by over 70 per cent. The Institute of International Finance (IIF), which represents 32 Greek creditors, unveiled the outlines of a deal yesterday that they said could [...]
Foreign inspection of Athens provokes opposition to new rescue agreement February 21, 2012 ANGER in Greece has escalated over the country’s deal with its lenders – an agreement that will require changes to the Greek constitution, and see a foreign “task force” stationed in Athens to oversee conditional reforms and spending cuts. Support for the main coalition parties, which led negotiations over the deal, has sunk in recent [...]
Did Brussels get it right this time? February 21, 2012 So Greece has secured a second bailout in the latest effort by the Eurozone to deal with the escalating debt crisis. We are asking members of our Voice of the City panel, run with PoliticsHome.com, if they think the deal will work. Is this the beginning of a bright new start for Greece, or are [...]
Villas-Boas on brink as Blues sunk in Naples February 21, 2012 NAPOLI 3 vs CHELSEA 1 CHELSEA manager Andre Villas-Boas lurched closer towards the Stamford Bridge exit door last night but defiantly insisted he would still be at the helm by the time Napoli arrive in west London in three weeks’ time hoping to terminate his side’s remote hopes of Champions League glory. The 34-year-old’s decision [...]
MATCH ANALYSIS February 21, 2012 CITY A.M. VERDICT A barmy match which could have seen Chelsea return to Stamford Bridge with an advantage ultimately leaves them facing an enormous task to prolong their involvement in this season’s Champions League MAN OF THE MATCH It seems almost unfair that a nation in Argentina which boasts the likes of Lionel Messi and [...]
PLAYER RATINGS | CHELSEA February 21, 2012 PETR CECH Made several impressive saves early on but went walkabout for Napoli’s killer third goal 7/10 BRANISLAV IVANOVIC Guilty of ball-watching for Cavani’s goal and was hardly seen as an attacking outlet 4/10 DAVID LUIZ By no means his poorest performance but still at fault for Lavezzi’s second goal 5/10 GARY CAHILL A real [...]
