Eurozone

'Grexit a must but EU leaders blind to reality'

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Published on Sep 4, 2012 by

Moody's ratings agency has changed the Eurozone's outlook from stable to negative, warning it faces being downgraded.

That's despite relentless meetings between EU leaders, which have so far failed to deliver any solutions.


And a leaked email suggests that the Troika of international lenders want Greece - one of the most debt-stricken countries, to work six days a week and longer hours to fulfill their financial obligations.


Morten Messerschmidt, Danish MEP and member of the Freedom and Democracy group in the European Parliament, believes Greeks should exit the Eurozone to save themselves.

Source: YouTube.com

'Greece is bankrupt. Full stop. Game over'

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Published on Aug 23, 2012 by RussiaToday
 

It's 'crunch time' for Greece right now - the German leader and French president are working out whether to grant Athens the 'breathing space' it says it needs to sort its finances out.

The country's been relying on international loans for over two years, but is struggling to meet its bailout conditions.

Meanwhile, Chancellor Merkel's allies in Berlin say 'a Greek exit wouldn't have a 'great impact' on the Eurozone'.

Investment advisor Patrick Young says, whether on not Greece is provided with more time, there's no chance it'll manage to get its economy back on track within the Eurozone.

 

Max Keiser: West bankers destroy global economy

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Published on Jul 26, 2012 by PressTVGlobalNews
 

UK economic output has plummeted in the second quarter: the Diamond Jubilee and exceptionally wet weather cited as reasons for lack of growth. As a matter of fact its UK's longest double-dip recession on record. Furthermore, economic news out of Europe remains grim: From Spain's banking crisis, to manipulated interest rates, known as Libor, to the persistent eurozone debt crisis, not to mention Greece being ever closer to leaving the eurozone. Even Germany, Europe's economic powerhouse, is not immune. This edition of News Analysis takes a look at how deeply in trouble Europe is.

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Euro-Contagion: Germany outlook 'negative' over nonstop debt debacle of others

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Published on Jul 24, 2012 by RussiaToday

Rating agency Moody's has set itself on a collision course with German Chancellor Angela Merkel - after changing the country's credit outlook to negative. The agency even hinted at possible downgrades - if the Eurozone gets worse. But Merkel immediately fired back that Germany would remain Europe's financial haven, despite the Eurocrisis.

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