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| READ THE ORIGINAL POST AT neoskosmos.com |
How the world sees Greece
Showing posts with label barack obama. Show all posts
Showing posts with label barack obama. Show all posts
Monday, August 19, 2013
Greece needs a 21st century Marshall Plan
Neos KosmosGreece needs a 21st century Marshall PlanNeos KosmosDimitri B. Papadimitriou. At their White House meeting last week, US President Barack Obama assured Greek Prime Minister Antonis Samaras of his support as Greece prepares for talks with creditors on additional debt relief amid record-high unemployment.Greece Will Let Banks Seize HomesGreek Reporterall 5 news articles »
Saturday, August 10, 2013
Obama on Greece: End Austerity Now
Obama on Greece: End Austerity Now Huffington Post Greek Prime Minister, Antonis Samaras, arrived in Washington on an official visit this past Thursday where he was warmly greeted by President Barack Obama. What emerged from their discussions is that Washington is firmly behind Greece's ongoing efforts ... |
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World Briefing
President Obama urged Greece on Thursday to find ways to build its economy even as it continues to cut spending in an effort to recover from a debt-driven economic crisis. In a meeting in the Oval Office, Mr Obama told Antonis Samaras, the Greek prime minister, that policies focused only on spending reductions would not help Greece return to economic prosperity. Mr Obama said after the meeting, ...
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| READ THE ORIGINAL POST AT www.greekherald.com |
Obama praises Greek austerity but urges growth
US President Obama has praised the Greek government’s strict austerity measures and structural reforms and said the country must now start creating growth. At a meeting with Greek Prime Minister Samaras in Washington on Thursday, Obama said: ';I think Prime Minister Samaras is committed to taking the tough actions that are required but also understands and wants to make sure that the ...
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| READ THE ORIGINAL POST AT www.greekherald.com |
Greece Reforms Good Austerity Bad Obama
President Barack Obama on Thursday praised Greek Prime Minister Antonis Samaras for taking "bold and difficult actions" to achieve structural reforms demanded by the European Union and lending agencies. In their meeting in the Oval Office, Obama made a pitch for the mantra of Washington's economic advisors, saying that too many cutbacks do not develop an economy. He said ...
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| READ THE ORIGINAL POST AT www.greekherald.com |
Obama expresses broad support confidence in Greece
A meeting between Greek Prime Minister Antonis Samaras and US President Barack Obama in Washington late on Thursday culminated in the expression of firm support for Greece's economic reform effort and a warning against too much austerity by Obama who also expressed his confidence in Greece as a valuable anchor of stability in a volatile region.In comments to reporters at the White House, ...
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| READ THE ORIGINAL POST AT www.greekherald.com |
Opposition parties play down Samaras-Obama talks
The main leftist opposition party SYRIZA on Friday played down the outcome of talks between Greek Prime Minister Antonis Samaras and US President Barack Obama, declaring in a statement that they had yielded "nothing good for Greek society or the economy."The statement was particularly critical of Samaras' comments eyeing a closer regional cooperation between Greece and Israel, ...
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| READ THE ORIGINAL POST AT www.greekherald.com |
Obama Urges Greece to Continue Failed Policies
There is no ending to the suffering of Greeks under the austerity regimen, and yet President Obama doesn't seem to get it. "The unemployment rate in Greece was 27.6 percent in May, marking yet another record high for the country," ThinkProgress reported on Thursday. "The country's rate is more than double the average rate across the Eurozone." Yet, the very same ...
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Tuesday, July 3, 2012
Thanos Dimadis: The American Guidance Europe Needs
The U.S. president's reelection in November seems to be more and more uncertain as the financial storm in Europe continues to devastate people's and the...
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| READ THE ORIGINAL POST AT www.huffingtonpost.com |
Wednesday, June 27, 2012
Greek president to fly economy class to Brussels
 New York Times | Greek president to fly economy class to Brussels Reuters Octogenarian president gave up salary in February* Leading Greek delegation to two-day summit* Government under pressure from public angry over cutsBy ... New Greek PM Samaras names cabinet members Before Talks With Lenders, Greece Appoints Finance Minister New Greek PM, finance minister in hospital |
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| READ THE ORIGINAL POST AT www.reuters.com |
Curtis Roosevelt: Austerity Policy Has Pushed Europe to the Brink
The continual gatherings of heads of state, such as the one just concluded in Rome of Germany, France, Greece and Italy, reassure us that the euro will be saved. But the means to do so seem to be as elusive as ever.
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| READ THE ORIGINAL POST AT www.huffingtonpost.com |
Tuesday, June 26, 2012
Obama urges Greek PM to honor reform vows
 The Chosun Ilbo | Obama urges Greek PM to honor reform vows Times of India WASHINGTON: US President Barack Obama urged Greek Prime Minister Antonis Samaras on Monday to work closely with European leaders and world finance bodies to push forward with his country's reform program. Obama called to congratulate Samaras after he ... Designated Greek finance minister resigns due to health problems Greek finance minister quits before he started in the job Designated Finance Minister Drops Out Of Greek Cabinet |
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| READ THE ORIGINAL POST AT timesofindia.indiatimes.com |
Obama urges Greece to work with "Troika" on economic reform
The US President Barack Obama spoke with newly-elected Greek Prime Minister on Monday in a phone call and urged him to work with the European Union and other European bodies to implement reform program, the White House said in a statement.
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| READ THE ORIGINAL POST AT www.globaltimes.cn |
Greece's finance minister resigns
 Globe and Mail | Greece's finance minister resigns Globe and Mail Vassilis Rapanos, chairman of the National Bank of Greece, had been named finance minister last week in the country's new three-party coalition government. |
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More Turmoil Hits Greek Government
Greek Finance Minister Vassilis Rapanos resigned for health reasons, forcing the government to scramble as it tries to renegotiate better terms for its European-led bailout.
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| READ THE ORIGINAL POST AT online.wsj.com |
Sunday, June 24, 2012
Schaeuble says "no" to throwing money at euro crisis
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| READ THE ORIGINAL POST AT news.yahoo.com |
Friday, June 22, 2012
Mitt Romney's Greek chorus of Republican ideologues | Jason Farago
The GOP refrain has Obama turning the US into debt-wracked Greece – and never mind that their Irish poster-child bombed
As he left the G20 summit on Tuesday, President Obama told reporters he thought the ongoing European crisis "will potentially have some impact on the election". Well, no kidding.
The meltdown of the eurozone, simultaneously the most alarming and the most boring story of our times, remains the great unknown of this American presidential race. The formation of a new Greek government this week may delay the country's exit from the euro, but a controlled ejection this summer or autumn will rattle the US all the same. It now seems that Greece will go gently and not Lehman-style, at least. But nobody can predict what comes after – there and especially here.
And yet, however bad things get later this year, Europe is already weighing the president down. "I do not want to become Europe," Mitt Romney told a crowd in Frankenmuth, Michigan on Tuesday. "Look across the pond," he warned, and tremble at the sky-high unemployment. Frankenmuth, I have to mention, was a frankly weird place to say this, since the town is better known as "Little Bavaria" – visitors gawp at bogus Franconian houses and lederhosen-clad waiters serve weisswurst and imported beer. Maybe he was trying to make a point about German frugality.
But no matter: Romney, for well on a year now, has been insisting that under the president's leadership the US faces sclerotic European decline. Nothing new among GOP candidates, of course. But now that Europe really is in serious trouble, the line sticks a lot better.
Last week, Romney dismissed Obama's economic record and said he wasn't leading the country forward, but "forward on the way to Greece". This Greece bit is rather a refrain in the party now. "Unfortunately, we're on the road to Greece," warned Kelly Ayotte, the New Hampshire senator, at a rally with Romney last week. Obama has "put our country on the road to Greece", according to Connie Mack, the Florida representative and Senate nominee. "The president's budget isn't a blueprint for America; it's a road map to Greece," in the words of Washington Representative (and veepstakes dark horse) Cathy McMorris Rodgers. Stay on message, people!
Naturally, the "road to Greece" that these Republicans are cautioning against does not pass by a poorly designed currency union, insufficient tax collection, or political clientelism. To listen to these conservatives, Europe, and Greece in particular, are in freefall because of one thing only: government spending. Any state expenditure at all seems to be inadmissible – these new Republicans now deem it sensible to oppose paychecks for firefighters and teachers – and the debt Greece is now saddled with proves that government can never be trusted.
But as should be painfully clear by now, the eurozone is locked in a balance of payments crisis; debt in and of itself is not to blame. Greece and Portugal may have run large deficits during the good years, but so did Germany. Spain, which, with each passing week, looks more like the euro's final battleground, was running a surplus back in the day.
And anyone paying attention to Europe knows that there is zero correlation between the size of the state and the propensity for crisis. Austria and Finland, which are both eurozone members, rank near the top of the OECD for public spending and have remained strong during the crisis. Which eurozone state had the lowest public spending per capita? That would be Ireland: wrecked, miserable Ireland, junk-bond Ireland, which you may remember as the dream republic of every Cato Foundation fellow and drown-government-in-the-bathtub sandbagger.
Ireland, more than Greece, is the most telling case – because it reveals just how unstintingly the American right is committed to destroying the public sector, and how indifferent it is to evidence. In the boom years, as Ireland was transformed from one of the poorest European nations to one of the richest, US conservatives couldn't get enough of the place. Ireland was proof that trickle-down economics worked, the thinktanks enthused: keep taxes minimal and government tiny, and everyone gets rich! (And forgive me, but I cannot resist a nod to Thomas Friedman, the soi-disant center's favorite columnist, for telling German politicians that the Irish model was their only hope. The headline was "Follow the Leapin' Leprechaun".)
By the top of the boom, the Ireland worship had hit a fever pitch. John McCain, during his first debate against Obama, said the US had to cut taxes to Irish levels. He also mused that the first foreign trip of his blessedly unrealized presidency would be to Ireland, which Vice-President Palin might have heard of once from reading the back of the Lucky Charms box at breakfast. Romney himself, in 2008, enthused that "jobs have been flowing into Ireland" and that the US was in trouble because "money is all going to government and taxes."
We now know, of course, that the Celtic Tiger was, in fact, predicated on a massive property bubble, assisted by absurdly lax regulation, inactive government, and a healthy dose of corruption. Ireland now has zero economic growth; youth unemployment stands at 30%. Did this give any of the erstwhile Ireland boosters pause? On the contrary: apparently, Ireland was no free-market paradise at all! One Cato fellow, having praised Ireland for its Reaganite policies in the good times, suddenly concluded that the government was "spending like drunken sailors". The country that the right celebrated for its low taxes mutated into a redistributive hellhole. And as for the continued failure of the brutal austerity measures Ireland has since put into place – measures that look rather like the Republican economic plan here – the contortions are too ludicrous to summarize.
By now, really, it no longer comes as a surprise that these ideologues will never waver in their conviction that no taxes and nearly no state are the solution to every problem. In good times and in bad, the prescription is the same. All conflicting evidence is dismissed; any shred of support (Latvia!) is amplified a thousand fold.
But they can get away with it, still, because who's to stop them? Four whole years after the most ruinous disaster of laissez-faire capitalism most Americans have ever lived through, we still do not have a Democratic party willing to defend the economic role of government with a full voice. Until they do, we will be stuck in this trough of a Lesser Depression. And in the meantime, we must live in fear of the Romney economy, of American unfairness and European growth.
guardian.co.uk © 2012 Guardian News and Media Limited or its affiliated companies. All rights reserved. | Use of this content is subject to our Terms & Conditions | More Feeds
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We are not Greece
 Chicago Tribune | We are not Greece Chicago Tribune The United States is not now and will not become Greece. To the extent that the budget crisis in Europe has lessons for the United States, they go the other way. EJ Dionne: We're not Greece |
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Wednesday, June 20, 2012
Europe gets lengthy homework assignment from G-20
 CBC.ca | Europe gets lengthy homework assignment from G-20 MarketWatch WASHINGTON (MarketWatch) — The Group of 20 leaders presented a lengthy homework assignment to their European colleagues and said it was critical that some of the work be completed at the European Union summit meeting later this month. Barack Obama 'confident' in eurozone crisis resolution World Leaders Weigh Stimulus Vs. Austerity at G-20 European Shares to Open Lower; Euro Zone Crisis Still Weighs |
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| READ THE ORIGINAL POST AT articles.marketwatch.com |
Tuesday, June 19, 2012
Obama to speak with EU leaders after G20 dinner-White House
 CTV.ca | Obama to speak with EU leaders after G20 dinner-White House Reuters | LOS CABOS, Mexico, June 18 (Reuters) - US President Barack Obama will discuss the euro zone crisis and the state of the global economy with European leaders after the G20 dinner in Los Cabos on Monday, a White House official said. Germany's Merkel, Obama Agree More Euro-Zone Political Integration Needed -Source Greek election, debt crisis and G20 Summit: as it happened, June 17 - 18, 2012 G-20 leaders call for Europe to fix finance woes |
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