Monday 6 February 2012

Another day in Euroland

Greece in the last chance saloon? Omens not good.  Either Greece will default or its people will have to accept further austerity with a good chance it will lead to civil insurrection.

The French presidential election is causing concern in Berlin.  The puppet Sarkozy could lose the election to his socialist rival with the consequence that France will take an independent line.on EU and eurozone issues.

http://www.spiegel.de/international/europe/0,1518,813524,00.html
Greece must reform if it is to expect solidarity

http://www.telegraph.co.uk/finance/financialcrisis/9062897/Greece-falters-in-debt-talks-with-creditors.html

http://www.telegraph.co.uk/finance/financialcrisis/9061815/Greek-debt-talks-flounder-over-labour-laws.html

http://openeuropeblog.blogspot.com/2012/02/greek-end-game.html

http://www.bbc.co.uk/news/business-16900700
Bailout talks delayed.

http://www.telegraph.co.uk/finance/financialcrisis/9064250/Germay-France-and-EC-increase-pressure-on-Greece.html
'George Karatzaferis, leader of far-right party LAOS, said: "I will not contribute to the explosion of a revolution from destitution that will burn all of Europe." '

http://www.spiegel.de/international/europe/0,1518,813676,00.html
Merkel demands quick action.

French election and German involvement:

http://www.telegraph.co.uk/finance/comment/ambroseevans_pritchard/9062509/French-socialists-Latin-revolt-against-Germany.html

http://www.spiegel.de/international/europe/0,1518,813583,00.html
Crisis desperation drives Merkel to campaign for Sarkozy.

http://www.bbc.co.uk/news/world-europe-16907175

http://www.telegraph.co.uk/comment/9066860/France-falls-for-Nicolas-Sarkozys-new-arm-candy.html

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