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
IG’s Howkins Doubts Euro Will Collapse on `PIGS’ Crisis: Video
Feb. 24 (Bloomberg) — IG Group Holdings Plc Chief Executive Officer Tim Howkins talks with Bloomberg’s Bernard Lo about the outlook for the euro amid concerns the “PIGS” nations, which include Portugal, Ireland, Greece and Spain, will all have trouble cutting budget deficits and controlling their debt.
Howkins, speaking from Melbourne, also discusses the impact of the global financial crisis on Australia’s economy and banking industry. (Source: Bloomberg)
Duration : 0:3:52
Categories: global crisis Tags: `PIGS', All, Audio, Australia, banking, Bloomberg, Bond, Bonds, Collapse, Comments, Crisis, Currencies, Doubts, economy, English, euro, Europe, Exchange, financial, Foreign, France, Germany, government, Greece, Greek, Howkins, IG's, Interviews, market, Media, Multimedia, news, on, Services, Stocks, video, Visual, Will
Doug Dachlle Discusses Sovereign Debt Crisis, Strategy: Video
May 5 (Bloomberg) — Doug Dachille, chief executive officer of First Principles Capital Management LLC, talks with Bloomberg’s Pimm Fox about the sovereign debt crisis. (This report is an excerpt of the full interview. Source: Bloomberg)
Duration : 0:1:28
Categories: debt crisis Tags: All, and, Audio, banking, Bloomberg, Bond, Congress, Crisis, Dachlle, Debt, Discusses, doug, economy, Emerging, English, European, financial, Greece, Interviews, market, Markets, Media, Multimedia, news, Regulations, Rules, Services, sovereign, Strategy:, Team, U.S., Union, US, video, Visual
Greece Debt Crisis 1 of 2 – Protest Riots – BBC World News Report
Greece Debt Crisis 1 – Protest Riots – BBC World News, recorded on 04.- 05.05.2010
Duration : 0:10:59
Categories: debt crisis Tags: bailout, BBC, Crisis, Debt, economy, financial, Greece, Markets, news, politics, protest, public, Riot, world
The New World Order Currency Crisis
The global financial crisis is now officially turning into a currency crisis as predicted by Ron Paul and others years ago. With the new $1 trillion E.U. rescue package, central banks around the world are printing money out of thin air to prop up a failing system. The idea that American citizens are paying to bail out Europe is astounding. The Federal Reserve and other central banks are intentionally devaluing currencies worldwide to bring in a new international reserve currency regulated by them. In other words, the people who caused the crisis are coming in and offering the solution giving them total control over the world’s monetary system.
This fraudulent, corporate looting is transferring wealth from ordinary citizens to the ultra-rich, consolidating global power. This is unprecedented in world history. Please support Ron Paul’s bill to audit the fed and research these topics for yourself.
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Duration : 0:3:17
Categories: global crisis Tags: audit, bailout, Bank, Central, Crash, Debt, dollars, Economic, eu, euro, European, fed, federal, fiat, financial, Global, government, Greece, IMF, market, money, news, package, paul, politics, rescue, reserve, ron, Stock, Street, Trillion, Union, Wall
EU Failed to Ease Greek Debt Crisis
Feb. 12 (Bloomberg) — Paul Rawkins, a senior director at Fitch Ratings, talks with Bloomberg’s Maryam Nemazee about whether Greece can meet its committment to cut its debt and risk of contagion.
copyright bloomberg 2010
European Union EU Greece Greek budget cuts downgrade default PIGS PIIGS Spain Portugal Italy Ireland euro euro zone eurozone Central Bank Germany GDP contagion debt crisis
Duration : 0:3:13
