Loans and Finance

Loans and Finance

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News and information about loans, money, debt, finance and business issues.

Monday, December 19, 2016

Greece Moves The Goalposts Again

Tuesday, December 13, 2016

Unicredit Hits The Skids

IMF's Useless Greek Predictions

Thursday, December 08, 2016

Greece Caught Between Rock and a Hard Place



Greece should do itself a favour, and leave the Eurozone.

Wednesday, December 07, 2016

IMF's Greek Fantasy - Sunday Opening

According to daily To Ethnos, the IMF submitted a demand to the Greek government last Friday via an e-mail that all stores be open on 52 Sundays per year, and to legislate this measure within the month of December.

The Fund claimed that this measure was including in the first tool kit of the OECD that was not implemented.

All very well and jolly in a wealthy consumer driven economy. However, Greeks are living in penury.

How much extra will they buy if stores are open on Sunday?

Bugger all!

Tuesday, December 06, 2016

Greece Tells IMF To Fuck Off

Monday, December 05, 2016

Greek Crisis Hasn't Gone Away

Whilst the media have been distracted by Brexit and Trump, the Greek debt crisis hasn't gone away.

As per the Wall Street Journal Germany and the Netherlands have promised their parliaments that they won’t ask for more money for Greece unless the IMF also resumes lending to Greece.

However, the IMF won’t do this unless it is satisfied that Greece’s debt burden is sustainable. For the IMF, this is a question of institutional credibility. It has already put its name to two failed programs, and it is determined that it will only join a third program if it is convinced that Greece can return to the markets at the end of it, its financial sovereignty restored.

Fat chance of that!

Thursday, December 01, 2016

Coming Soon - Meat Free Fivers!