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Sunday, February 14, 2010

Greece: Detailed Action Expected

by Calculated Risk on 2/14/2010 09:18:00 AM

From The Economist: European finance ministers meet to discuss bailing out the Greek economy

EUROPE'S finance ministers meet for two days, beginning on Monday February 15th ... a vague promise of aid for Greece did little to lessen uncertainty, finance ministers will be expected to produce more concrete measures.
From The Times: Economic boost from Europe for Greece
GREECE was given fresh hope of a financial lifeline yesterday when Jean-Claude Juncker, chairman of Europe’s finance ministers, said action would be taken to support its beleaguered economy.
...
In an interview with a German newspaper, he said: “We have many instruments ready and will use them if necessary.”
Meanwhile, in a poll of Germans from Reuters: Germans say euro zone may have to expel Greece: poll
A majority of Germans want debt-ridden Greece to be thrown out of the euro zone if necessary and more than two-thirds oppose handing Athens billions of euros in credit, [in a Emnid poll for Bild am Sonntag newspaper] published on Sunday.