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Syrian Army Attacks Jisr al-Shughour
Today's Headlines
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Page 3: Non-WoT
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2 00:00 Anguper Hupomosing9418 [11138]
Europe
Greek pollies take precautions against being lynched Wednesday
The Greek Government has hired Foreign Workers to Clean out the Underground Tunnel Leading from the Parliament to the Sea Port of Piraeus in Preparation for an Evacuation of all MPs

I just became aware of this report from Kontra channel here in Greece. Apparently, a tunnel that leads from Lykavitos to the Greek parliament, and from there to the sea port of Piraeus, is being cleaned out by foreign workers in preparation for the possible evacuation of Greek MP’s in the event of a storming of parliament ahead of Wednesdays vote on the new memorandum.

The situation here is getting completely out of control. I really don’t know how much longer the people will be willing to wait this thing out. The mood here in Athens is one of intense disillusionment with a government that seems increasingly detached from its own people.
Continued on Page 47
Posted by: tipper || 06/13/2011 19:12 || Comments || Link || [11131 views] Top|| File under:


Greece Gets Lowest Credit Rating

This just in. Greece officially pooched in the finance department.
Greece had its credit rating cut three levels by Standard & Poor’s, which branded the nation with the world’s lowest debt grade and said a restructuring looks “increasingly likely.”

The move to CCC from B reflects “our view that there is a significantly higher likelihood of one or more defaults,” S&P said in a statement today. “Risks for the implementation of Greece’s EU/IMF borrowing program are rising, given Greece’s increased financing needs and ongoing internal political disagreements surrounding the policy conditions required.”

The downgrade follows Moody’s Investors Service’s decision this month to grade Greece only one level higher and may intensify pressure on European governments to stem the region’s sovereign-debt crisis. Credit-default swaps on Greece, Ireland and Portugal surged to records today on concern governments’ struggles to resolve the turmoil will threaten their ability to pay off their debts.
Continued on Page 47
Posted by: DarthVader || 06/13/2011 18:10 || Comments || Link || [11138 views] Top|| File under:

#1  One of many elephants in the room nobody mentions is, which banks will be on the hook if they have to pay off CDS's when (not if) Greece defaults?
Posted by: Anguper Hupomosing9418 || 06/13/2011 23:02 Comments || Top||

#2  Found on the web: Men in impeccable suits on Swiss terraces cannot hide their anxiety. One might even lose it and jump a hotel maid - you never know.
Posted by: Anguper Hupomosing9418 || 06/13/2011 23:19 Comments || Top||



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Two weeks of WOT
Mon 2011-06-13
  Syrian Army Attacks Jisr al-Shughour
Sun 2011-06-12
  Helicopters open fire to disperse Syrian protesters
Sat 2011-06-11
  'East Africa embassy bomber Fazul Abdullah Mohammed killed'
Fri 2011-06-10
  Nigeria arrests 14 in Boko Haram attacks
Thu 2011-06-09
  Gaddafi vows to fight until death
Wed 2011-06-08
  US missiles kill twenty in Pakistan
Tue 2011-06-07
  Libya rebels take Yafran
Mon 2011-06-06
  Saleh undergoes surgery as Yemen rejoices
Sun 2011-06-05
  Colombian army kills FARC security chief
Sat 2011-06-04
  Reports: Ilyas Kashmiri killed by a drone in Pakistan
Fri 2011-06-03
  Yemen's Saleh hurt in palace attack: diplomat
Thu 2011-06-02
  Kuwait Withdraws Diplomats from Yemen
Wed 2011-06-01
  Yemen truce collapses
Tue 2011-05-31
  50 Protesters Killed in Taiz by Security Forces
Mon 2011-05-30
  Bombs kill 10 after Nigerian president's inauguration


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