The Economist: "GREECE’S prime minister, George Papandreou, faced the television cameras on Friday 23rd April to announce that his government would draw on emergency aid to tide it over for the rest of the year. Mr Papandreou described the rather embarrassing request to to other euro zone members and the IMF as 'an extreme necessity.' This followed a week in which yields on Greek bonds reached an alarming 8.9%. That in part reflected an announcement by Eurostat, the European statistics agency, that Greece’s budget deficit reached 13.6% of GDP in 2009, even worse than it had previously thought. The agency added that the number might be revised up again, owing to the poor quality of the available data.
The Hellenic Republic cries out for help. The politicians do not count on the Monarchy's stabilising effects.
Symbol of Greece's sovereignty: King Constantine II of the Hellenes in Thessaloniki. Even the most vicious republicans can't blame neither the Greek Monarchy nor His Majesty for the mess, the Hellenic Republic is in. The modern Greek republic is bankrupt.
Anonymous said...
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Nuno Castelo-Branco said...
In my modest point of view, the "hellenic republic" could disappear tonight, taking the Portuguese one with her.
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