Monthly Archives: December 2012

Make 2013 the ‘Year of the Task Force for Greece’!

From ‘EU Task Force’ to ‘EU-Assistance desired by Greece/Greeks’ A. Introduction The ExecutiveSummary of the 1st TFGR Report is a very well formulated document which subtly caters to cultural and other idiosyncrasies of Greek society (example: “The Task Force is … Continue reading

Posted in Uncategorized | 15 Comments

"The stench of dirty money"

This article from the Ekathimerini (by Nikos Xydakis) is just as much interesting for the many comments made to it as for its content. I recommend reading those comments. There is only one word to interprete the comments: rage. Presumably, … Continue reading

Posted in Uncategorized | 3 Comments

Watch out for January 11, 2013 at 22 hrs!

I have a friend who is a Brit aged around 70 and who has worked in banking in about 16 countries. He is married to a Greek and has been residing in Greece off and on for the last 40 … Continue reading

Posted in Uncategorized | 4 Comments

Did they really know what they were doing?

This article from the Swiss paper TagesAnzeiger summarizes very nicely (mostly in German) the accusations which have been made against EU-leaderships many times, namely: they knew exactly what they were doing when they formed and shaped the monetary union; they … Continue reading

Posted in Uncategorized | 4 Comments

Greece’s current account balance per October 2012

The overall development in the current account remains impressive (-54% month-to-month; -74% YTD-to-YTD) as follows: in BEUR January – October October 2011 2012 2011 2012 Revenue from abroad Exports 16,8 18,0 1,8 1,9 Services (e. g. tourism) 25,1 24,0 2,4 … Continue reading

Posted in Uncategorized | Leave a comment

Cause for furor!

Articles like this one can truly disturb my holiday spirits! Here we read about the inner workings of hedge funds; how hedge funds went on extensive fact-finding missions to Greece earlier this year; how they were given the red carpet … Continue reading

Posted in Uncategorized | 2 Comments

Beware of the primary surplus!

If one goes by the Monthly Bulletin of the Ministry of Finance, the general government already had a primary surplus of 2,3 BEUR from Jan-Oct 2012. Economic analysts would argue that these figures include distortions and that the ‘real’ result … Continue reading

Posted in Uncategorized | 2 Comments