Monday, 15 April 2013

Tranche Trance: Greece Struggles to Satisfy Lenders, Youth Flees Country

After the drama of Cyprus, the lending troika is sceptical about the merger between Greece's two biggest banks. The country insists it can handle recapitalisation, and the Finance Minister has assured Greeks their deposits are safe. He also promised there'll be no tougher austerity, but lenders are pressing for severe job cuts in the bloated public sector. They want a massive 25-thousand workers laid off this year, and a total of 150-thousand by 2016. Soaring unemployment has already been driving young Greeks away from their country, as Tom Barton reports. (April 2013)

THE DAILY TELEGRAPH: Greece enters deflation for first time in 45 years: Greek consumer prices fell year-on-year in March, taking the battered economy into deflationary territory for the first time since 1968. » | Denise Roland | Tuesday, April 09, 2013

THE SUNDAY TELEGRAPH: Southern Europe's brain drain over the Alps to Germany: Italians, Spaniards and Greeks are forsaking their homelands and heading over the Alps to the more robust economies of Germany and Switzerland, as economies contract across the Mediterranean. » | Nick Squires, Rome, Fiona Govan in Madrid and Jeevan Vasagar in Berlin | Sunday, April 14, 2013