EUROZONE / GREECE: Another Austerity Vote...Another Violent Athens Protest.

GUARDIAN/  2:00  Raw Video

For BBC text coverage of protest and vote :
http://www.bbc.co.uk/news/world-europe-13935400

Police in Athens fought against more than 5,000 protestors...many stone-throwing youths...with tear gas and stun grenades...during a nationwide 48-hour strike...as a critical 2- day parliamentary vote on new austerity measures was underway.

So far, 21 police and 4 demonstrators were reported injured...with 18 detained and 5 arrests.
 

ALSO:  Ominously...a Greek asset "Fire Sale" is finding few buyers.
 Greece's €50bn of national assets up for sale are attracting little interest from private equity firms.
 The investors say they don't like Greece's bureaucracy, strong unions, corruption and lack of transparency.
"Even in the good times Greece is not a country that attracts investment. Foreign investors don't want to invest in a country where there is no flexibility in hiring and firing people," said one fund investor. "You don't want to invest in a country in which you wake up and a new law has been passed which totally undermines and destroys the value of the investment you've just made."
http://www.guardian.co.uk/business/2011/jun/28/greeces-fire-sale-shunned 

ALSO SEE...WSJ...for extensive coverage of problems and hurdles for buyers of Greek assets...by C. Forelle.
http://online.wsj.com/article/SB10001424052702304231204576405861389511594.html?mod=googlenews_wsj

EUROZONE: Clash Of The Titans...Redux! Trichet Vs Schaeuble.

BLOOMBERG/

“We have to insist on the participation of the private sector,” insists German FM Wolfgang Schaeuble (below).
But, the Big 3 credit-rating firms claim his proposal to extend Greek debt maturities by 7 years...would be a default.

Meanwhile, ECB President Trichet (above) said his bank will not roll over its own Greek holdings.

If the ECB resists, EU politicians would have to ask taxpayers to finance a Greek budget shortfall of up to 90 billion euros/$130 billion usd through 2014.

Trichet warns that forcing private-sector involvement amounts to a “credit event” and would be an “enormous mistake.” “Trichet is really digging his heels in now,” said one observer.

FOR ECONOMICS WONKS, SEE ALSO:  Default Jargon...Explained by WSJ's Charles Forelle.
   What the technical jargon used to describe the Greek debt crisis really means... eg. "credit event","selective default", etc.
 "... the nub of jargon is essential to understanding the impasse between the ECB and a German-led bloc that wants Greece's private creditors to bear some of the burden in the fresh rescue of the flagging country that's expected this month."
http://online.wsj.com/article/SB10001424052702304778304576375620604066778.html