A Two Monetary Union Solution to Problems in the EMU | 81 comments (81 topical, 0 editorial, 0 hidden)

Re: The Dominos of EMUs collapse (4.00 / 2)

eKathimerini: Greece will negotiate after achieving primary surplus, says Stournaras (September 4, 2013)

Greece will embark on a major negotiation with its partners and creditors, known as the troika, after a primary surplus is achieved later this year, said Finance Minister Yannis Stournaras speaking on Skai on Wednesday.

In the Neurozone, there can be only one.

by Migeru (migeru at eurotrib dot com) on Tue Sep 24th, 2013 at 03:49:42 PM EST
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Re: The Dominos of EMUs collapse (none / 1)

Greek reporter: Stournaras Readies For Troika Talks (September 20, 2013)

While Greece is hopeful, a primary surplus - not including interest, social security, the cost of state enterprises and some military expenditures - hasn't yet been reached although Stournas said he believes it will, allowing Greece to talk about imposing losses on the Troika as well.

In the Neurozone, there can be only one.

by Migeru (migeru at eurotrib dot com) on Tue Sep 24th, 2013 at 03:51:32 PM EST
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Re: The Dominos of EMUs collapse (none / 0)

eKathimerini: Troika skeptical on primary surplus (September 23, 2013)

The troika has doubts about Greek projections for a primary surplus this year and next and has begun the process of discussing with Athens the contents of the 2014 budget, which Greece's lenders believe contains several areas that need closer inspection.
High-ranking Finance Ministry sources said that while the representatives of the European Commission, European Central Bank and International Monetary Fund agree that Greece will produce a primary surplus at the end of the year, they think it will be minimal. The troika is also skeptical about Greek projections for a primary surplus of 1.5 percent of GDP at the end of next year.
It is thought that one of the reasons Greece's lenders are downplaying the possibility of Athens producing a sizable surplus is that they are alarmed by the debate in Greece about how this amount will be allocated and whether social spending could be increased.

In the Neurozone, there can be only one.

by Migeru (migeru at eurotrib dot com) on Tue Sep 24th, 2013 at 05:45:22 PM EST
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Re: The Dominos of EMUs collapse (none / 0)

Of course another world financial shock would throw all of these expectations into the tank.

"It is not necessary to have hope in order to persevere."

by ARGeezer (ARGeezer a in a circle eurotrib daught com) on Wed Sep 25th, 2013 at 12:15:05 AM EST
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A Two Monetary Union Solution to Problems in the EMU | 81 comments (81 topical, 0 editorial, 0 hidden)