Analysts wary of Greece’s debt crisis plan
A group of financial analysts in the United States have announced that the US economy is on a sustainable path to recovery, but it will take some time before unemployment figures return back to normal.
In Greece, however, financial woes have been causing a great deal of concern across the eurozen because the country is suffering from a budget deficit that is four times the EU limit.
The European Commission can impose fines on Athens, but such a step could only worsen Greece’s financial problems.
In an ambitious effort to reduce their debt, the country has submitted a plan to the commission that promises to tackle their debt downgrade with spending cuts over a three-year period.
Al Jazeera’s Barnaby Phillips reports from the Greek capital where analysts are sceptical that plans will succeed.
Jan 15, 2010
Duration : 0:2:33
Categories: debt crisis Tags: al jazeera, aljazeera, athens, barnaby phillips, credit crisis, european commission, european union, europenews, financial crisis, Greece, united states
Frost over the World – Europe’s financial crisis
The economy is in trouble again. European stock markets are rapidly falling due to concerns about debt repayment in Portugal and Greece. Portugal is facing a political crisis over the country’s economic troubles. Fernando Teixeira Dos Santos, Portugal’s finance minister, joins the show to discuss this. Plus, Alex Brummer, the city editor of the UK’s Daily Mail newspaper, analyses the financial crisis facing Europe and Alex Stubb, Finland’s foreign minister, talks about the relationship between the European Union and the US.
Duration : 0:15:16
Categories: financial crisis Tags: alex, aljazeera, America, britain, british, brummer, city, Crisis, daily, dept, dos, Economic, editor, eu, Europe, European, european union, fernando, finance, financial, finland, Foreign, frost over the world, frostworld, Greece, london, mail, minister, newspaper, Portugal, portugese, repayments, santos, sir david frost, States, stubb, teixeira, uk, United, US
Hitler on the Greek Debt Crisis
Stavros1951http://gdata.youtube.com/feeds/api/users/stavros1951PeopleGreek Debt, Europe, EU, Greece, Hitler, Papandreou, Merkel, Germany, Default, Hitler Parody, Greek Debt Crisis, Greece Crisis, Greek Crisis, Greek Default, Greeks, Spain, Italy, European Union, PangalosHitler on the Greek Debt Crisis
Duration : 0:3:50
Categories: debt crisis Tags: default, eu, Europe, european union, Germany, Greece, Greece crisis, Greek crisis, greek debt, Greek debt crisis, Greek Default, Greeks, Hitler, Hitler Parody, Italy, merkel, Pangalos, papandreou, SPAIN
As crisis hits, Florence ‘Biennale’ considers role of education in fight against social exclusion
As the European Union attempts to come to grip with its worst financial crisis since its creation, Florence hosts a three-day conference on the relation between education and social exclusion. The conference is organized by the European Economic and Social Committee, EESC. Talking in this report are Anna Diamantopoulou, Greek education minister; Fintan Farrell, director of the European anti-poverty network and Josep Borrell, president of the European University Institute in Florence and former president of the European Parliament.
For more about the conference, go to:
http://euractiv-correspondent.blogactiv.eu/2010/05/20/what-is-the-cost-of-europe-not-having-a-social-policy/
and:
http://eesc.europa.eu/organisation/president/Sepi/biennial/2010/index-en.asp
Duration : 0:2:31
Categories: financial crisis Tags: Anna Diamantopoulou, Borrell, Crisis, Diamantopoulou, economy, education, Europe, european union, financial, Fintan Farrell, Firenze, Florence, Greece, inequality', Instituto degli Innocenti, Italy, Jobs, Josep Borrell, news, social, social exclusion, Spring
Cash Shock: EU forks out $1 TRILLION to curb Greek debt crisis
The European Union has stunned the markets with a massive rescue package for the euro. It’s making available more than 750 billion euros in a mix of loans and guarantees – about seven times the sum it had discussed lending to Greece last week.
Duration : 0:1:29
Categories: debt crisis Tags: austerity, bailout, downturn, economy, euro dollar, euro zone crisis, european union, eurozone, global financial crisis, Greece, Greek debt crisis, IMF, rt, russia today
Greece Asks for Aid From EU, IMF
The Oxford Institute of Economic Policys Domenico Lombardi on Greeces request for financial aid to help with its debt crisis.
Duration : 0:4:0
Categories: debt crisis Tags: Aid:, budget, debt crisis, Domenico Lombardi, eu, european union, financial, Greece, IMF, package, support
