BBC/
Luxembourg's PM Jean-Claude Juncker (above) is still acting the grinch...against Greece.
He warned that the IMF might stop paying Greece because it could not guarantee its solvency for the next year.
Greece is due the next slug from its aid package...E12bn/$17bn usd...on 29 June... E3.3bn of it from the IMF.
It would be the fifth tranche of the E110bn loan package from the EU and IMF.
"Greece must implement the program fully and rigorously; this is very important to correct the errors of the past," Juncker said.
But Juncker later said that if the EU and IMF are convinced by the new Greek austerity measures, there would be no problem with the next tranche of loans.
Meanwhile, Greek leaders have so far refused PM George Papandreou's new austerity plan.
Conservative Antonis Samaras rejected the measures saying they would "flatten the Greek economy and destroy Greek society".
FOR NYT COVERAGE By J. EWING:
German FM Wolfgang Schäuble"...and other European leaders have grown impatient with the pace of Greek efforts to sell state assets, improve tax collection and make the economy more competitive. They are trying to maintain pressure on Greek leaders, while acknowledging that they may have to deal with the possibility that Greece cannot meet all its obligations."
http://www.nytimes.com/2011/05/27/business/global/27euro.html?ref=todayspaper
Popular Posts
- CANADA / MEXICO / CHILE : Former BC Woman Cop Murdered In Playa Del Carmen; Barrick Gold Fined $16 Million For Pascua-Lama, May Suspend Mine.
- TECHNOLOGY : Today's 8 TWITTER Posts/Newslinks.
- BRASIL / ITALY / GUATEMALA / USA / RUSSIA: 1 Dead, 7 Injured In Rio Fuel Tanks Fires/ Blasts; Ruby Heartstealer Admits Lying About Silvio's Sex Parties, Money; Ex-Prez Alfonso Portillo Extradited To USA For Money Laundering; Moscow Bans VKontakte By 'Mistake.'
- RUSSIA / CZECH REP / SWEDEN / MEXICO / BRASIL: Gauging Navalny's Real Support; American Sought For 4 Murders In Brno; Rioting Near Stockholm Spreads On 4th Night; Vigilantes Continue Narco Fight In Tierra Caliente; October Auction Scheduled For Giant Libra Subsalt Field.
- BRASIL / EUROZONE: Europeans Setting Up Homes In Rio's Former Slums.
- EL SALVADOR : Supreme Court Ruling Threatens 60,000 Gang War Truce.
- GUATEMALA : Court Throws Out Rios Montt Genocide Conviction; Trial Restart Ordered.
- BRASIL : Dilma Wins Port Privatization Approval From Congress.
- CHINA / VIDEO : Dissident Artist Ai Weiwei Releases Critical Funky Rock Video.
- VENEZUELA : Caracas Gets Some Toilet Paper Relief; Opposition TV Channel Globovision Surrenders; Maduro Befriends Empresas Polar.

