Britannia Radio

E U BRIEF

E.C.B. Could Survive a Greek Default, but What About the Banks?

http://www.nytimes.com/2011/10/01/business/global/ecb-could-survive-a-greek-default-but-what-about-the-banks.html

Former ECB Chief Economist Issing Says Greece Will Exit the Euro

rmer European Central Bank chief economist Otmar Issing, one of the architects of the euro, said Greece’s exit from the 17-nation monetary union is inevitable.

“There is no other way,” Issing told Germany’s Stern in an interview, according to a transcript supplied by the magazine. With Greece’s debt forecast to reach 160 percent of gross domestic product next year, the country needs to renege on at least 50 percent of its obligations and “that can’t happen within the monetary union,” Issing is quoted as saying.

http://www.bloomberg.com/news/2011-09-28/former-ecb-chief-economist-issing-says-greece-will-exit-the-euro.html

Barroso Calls for More Power for EU Institutions

National Governments Can't Be Trusted

http://www.spiegel.de/international/europe/0,1518,789300,00.html

Save the euro’ mission divides politicians and people

http://rt.com/news/greece-crisis-euro-loans-707/