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Countdown to Financial Armageddon
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It's on. No, it's off! Greek referendum to be scrapped if political deal struck

It's on. No, it's off! Greek referendum to be scrapped if political deal struck | Countdown to Financial Armageddon | Scoop.it

ATHENS, Nov 3 (Reuters) - A proposed Greek referendum on the country's bailout package will be scrapped if ruling and opposition parties strike a deal to resolve the country's political crisis, an official...

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Greek vote sets off 'pandemonium', engulfs Italy

Greek vote sets off 'pandemonium', engulfs Italy | Countdown to Financial Armageddon | Scoop.it

Greece's startling decision to call a referendum on last week's EU summit deal has set off wild tremors across the eurozone, pushing Italy to the brink of
a perilous downward spiral.

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Greek referendum is coin-flip on euro exit

Greek referendum is coin-flip on euro exit | Countdown to Financial Armageddon | Scoop.it

If Greeks reject the 50% controlled default on the debts they owe to the banking sector, then the arithmetic I revealed on Newsnight on the eve of the Euro summit comes into play - without a 50% haircut, and a further 130bn euro bailout, on top of 110bn, Greek debt spirals out of control and the country goes bust.

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Does Papandreou Fear a Military Coup in Greece?

Does Papandreou Fear a Military Coup in Greece? | Countdown to Financial Armageddon | Scoop.it

Amidst a deepening political crisis in debt-scarred Greece, Prime Minister George Papandreou sparked even more outrage by replacing senior members of the Greek military with officials deemed to be more sympathetic to Papandreou.

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Greek PM sticks with referendum on debt rescue package

Greek PM sticks with referendum on debt rescue package | Countdown to Financial Armageddon | Scoop.it

Greek Prime Minister George Papandreou insists that a referendum on a EU bailout will go ahead despite turmoil on world markets and stunned reactions from other eurozone countries.

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