Latest update: 05/09/2011
A Greek Tragedy
The Greek financial drama continues to blaze. Now, an internal parliamentary watchdog has called the country's deficit "out of control". The comments have angered Greece's financial minister who's already under pressure after a visit from EU and IMF auditors. We take a closer look at this latest twist to the ongoing Greek tragedy.
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I have just moved to Paris
I have just moved to Paris from Greece and find myself receiving three times the wage here for doing the same job as I was in Athens. The situation in Greece is dangerous and unsustainable. I am pleased to see France24 covering the situation so thoroughly and talking to the man on the street rather than just the same old politicians.
IMF Staff Paper
Apparently an IMF staff paper was released which showed that the extent of European bank capital shortfall is far greater than previously acknowledged. This previously unknown information is under review by the chief of the IMF and may not be made public in an officilally released report later this month. Coupled with the financial troubles currently rattling Greece, markets may respond negatively if this information is openly acknowledged.
shallow
very shallow analysis..