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Greek rescue package talks blocked by unions and employers

Greece's economy will be crippled if lenders' demands for pay cuts and tax rises are implemented, claim coalition's critics

Greek unions and employers' associations have blocked a critical element of a rescue deal put forward by the European Union , accusing negotiators of crippling the economy with wage cuts and tax rises that will undermine growth.In a joint letter to the Greek prime minister, Lucas Papademos, the employers and unions said a cut in the minimum wage was non-negotiable and the focus of talks should switch to the tax system, the complexity of regulation and corruption.Athens is under pressure to wrap up talks on a bond swap and a €130bn (£108bn) bailout to avert a chaotic default. But hopes of an imminent deal faded after eurozone finance ministers put off a meeting expected on Monday to finalise the rescue. The ministers may meet later next week instead, said its head, Jean-Claude Juncker .

The unions' and employers' statement undermined efforts by the coalition government to agree a package of reforms as demanded by the country's international lenders if Athens is to receive the crucial €130bn second rescue package.The three main parties in the coalition will meet on Saturday to discuss the situation, though sources close to the talks said a quick resolution was unlikely.The refusal of unions to accept further wage cuts and the discovery earlier in the week of an extra €15bn hole in Athens's accounts are expected to force negotiators to rethink their tactics over the weekend.The troika of officials from the International Monetary Fund, European Central Bank and EU want Greece to agree a package of spending cuts and reforms before they release the fresh €130bn of funds.

Splits have opened up inside the Greek coalition, which includes right- and leftwing parties, as leaders jockey for position in the runup to the elections scheduled for March.Antonis Samaras, the leader of the conservative New Democracy (ND) party, which is leading in opinion polls, opposes cuts to pensions and to wages in the private sector , which he argues would deepen the current recession. The ND leader joined employers in proposing a salary freeze, though even this plan is rejected by unions, which have already accepted 14% wage cuts.
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http://www.guardian.co.uk/business/2012/feb/03/greece-rescue-package-blocked-unions?INTCMP=SRCH

Kuvat Helsinki 57-sarjasta "Iso-Britannian laivastovierailu Helsinkiin syksyllä 1957". Kuvannut Pertti Manninen.

S&P downgrades European bailout fund
Standard & Poor's cuts the European Financial Stability Facility's credit rating from AAA to AA+ following Friday's mass downgrade of nine eurozone countries

Standard & Poor's, the credit ratings agency, has stripped Brussels' main bailout fund of its AAA status and challenged eurozone countries to increase their financial support for a collective rescue package or risk a further downgrade. The move forced European leaders onto the back foot following the mass downgrade of nine eurozone countries by S&P last week.

S&P said the loss of France's AAA rating had forced it to conclude that the European Financial Stability Facility should be cut to AA+ from AAA, which could increase its borrowing costs. Germany and Finland, the remaining AAA-rated countries in the single currency, are expected to come under pressure to increase their commitments to bolster the EFSF's funds to prevent a further downgrade and the likelihood that lenders will demand higher interest costs. The blow to the EFSF came as bankers poured cold water on hopes for an early deal between Greece and its creditors after they accused Athens of making "completely unreasonable" demands for debt payment cuts.

Charles Dallara, head of the Institute of International Finance which represents Greece's private creditors, said talks had yet to reach agreement on any aspect of a deal following demands from Greek negotiators for ultra-low interest rates on its outstanding debts. The warning will send a shiver through Europe's capitals, which are pinning their hopes on a private sector deal with Greece to cap the country's ballooning debt bill and prevent contagion to other southern European nations.

As George Osborne admitted he could be forced to give billions of pounds in extra funds to the IMF to prevent Europe's debt crisis from spinning out of control, Dallara warned the Greek government that demanding a 4% interest rate meant some banks would be forced to write-off three quarters of their loans. "That is essentially the area where the differences are substantial," Dallara said ahead of a rescheduled meeting on Wednesday. "They are looking at the private sector to accept interest rates that they would not accept [themselves], which is completely unreasonable."

http://www.guardian.co.uk/business/2012/jan/16/standard-poors-downgrades-european-bailout-fund

	SMILE from MODERN TIMES
Lyric by JOHN TURNER and GEOFFREY PARSONS		Music by CHARLIE CHAPLIN
	Moderately, with great warmth

	SMILE, thou' your heart is aching, SMILE, even tho' it's breaking, When there are clouds in the sky, you'll get by, If you SMILE though your fear and sorrow, SMILE and maybe tomorrow, You'll see the sun come shining thru for you. Light up your face with gladness, Hide ev'ry trace of sadness. Alto' a tear may be ever so near, That's the time you must keep on trying, SMILE, what's the use of crying, You'll find that life is still worth while, If you'll just SMILE.		AIN', hymy voimat antaa. AIN', hymy taakat kantaa, harmaatkin pilvet puistat kun muistat hymy AIN' pois vie murheen, huolen, AIN', hymy ilon puolen tuo auringon paistelulle, sulle. Kasvoillesi onni suo. Suru aina murheet tuo, nyt ne peitä, kaikk' kyyneleet heitä. Nyt se on tehtävä, itku pois, AIN', hymy elämän tois. Taistele, muista sääntö vain, niin, hymy AIN'.

Moderately, with great warmth	AIN' - HYMY	suomennos: pertti manninen, 1.0-versio, 17.05.01
	modern times - nykyaika. kuvitelma.

http://www.nettisanomat.com/2001/05/17/hymy.htm

Tuuli käy heidän ylitseen ...

Kuva: Pertti Manninen

Sanomapark 2012/02/06 - Presidentivaalit 2012- Kuvia - Tulos: Ääniosuudet ja äänimäärät pyöristettyinä: Niinistö 43 8 (1. 8 miljoonaa), EI 31 (1.3 miljoonaa), Haavisto 26 (1.1 miljoonaa) - Kuvia sunnuntaina 2012-02-05: FIN - Niinistö - Haavisto. Kuvia maanantaina 2012-02-06: Finalistit parisuhdetentissä (Iltalehti 4.2.2012) - Niinistö löi Haaviston Ylivoimaa (HS) - Niinistö sai suurvoiton, kansa äänesti laiskasti (Keskisuomalainen) - Suomisen Olli rakastuu (Orvo Saarikivi 1944 Yle 1:ssä): "On se hirveän paljon Ollia vanhempi, ainakin seitsemän vuotta - Älä välitä, elämä on joskus niin kenkkua. - Rakkaus, tiedätkö, on episodi miehen elämässä, joka rikastuttaa sitä. - Kaksi ilmoitusta : Pekka- festarit vai "Hyvä keskustalainen teko", maksajina Kansanmies ry ja Uusi presidentti ry. Keskisuomalainen. Jarmo Korhonen. Kuvasarja. 6 minuuttia Haavistontiellä perjantaina 03.02.2012. Kuva: Työvoimaa - Kalervo Kummola. ”Ei kai me mitään tyhmiä olla ... - Sutta pakoon, karhu vastaan. - Kriisirahasto. Urpilainen. Katainen. Humpuuki yksimielisyys jatkuu. - Kuva. Värittömyys ja rypyttömyys ... - 'Presidentti ei voi olla homo' - Kansanedustaja Pentti Oinonen lyttää Pekka Haaviston - Oinonen: Ei homoa! - Iltaset-lehti - NTV3 - Riittääkö roihu tällä kertaa? Arkistokuva 2006. -1. kierroksen tulos suhteutettuna äänioikeutettuihin: Ei äänestänyt 27, Niinistö 27, Haavisto 14, Väyrynen 13, Soini 7, Lipponen 5, Arhinmäki 4, Biaudet 2 ja Essayah 2. Presidentinvaalit 2012. - Kuva. Isonenä. - Kuvat. "01.01.2012". -- "Kiven hehku". Kari Alonen 2010. -- Lukijan kuva: "Katso tuolla on Hakkarainen!" - Kuva. Käden ojennus. Karuselli. - torstai 26.01.2012 - etusivu - Nettisanomat - Sanomanetti - Blogi: Viikkosanomat.fi - Kuvasanomat - Sanomatori - Viikkosanomat - Härkää sarvista -

Nettisanomat N:o 1323 Vastaava päätoimittaja Pertti Manninen. Yhteys: nettisanomat @hotmail.com - Sivu 2012-02-06 ja 2012-02-07, nettiin 2012-02-07 klo 01:54, linkkejä 2012-02-07.

Sivun alkuun!

Html-koodin puhdistus ja linkkien korjaus lauantaina 2012-03-10 15:11. pm.

Disbelief as Greek politicians delay deal on €130bn rescue package

Greek rescue package talks blocked by unions and employers

Angela Merkel casts doubt on saving Greece from financial meltdown
German chancellor speaks candidly to the Guardian and five other leading European newspapers as part of a unique collaboration to explore the EU's predicament

S&P downgrades European bailout fund
Standard & Poor's cuts the European Financial Stability Facility's credit rating from AAA to AA+ following Friday's mass downgrade of nine eurozone countries

"Kiven hehku". Kari Alonen 2010.

"Kiven hehku". Kari Alonen 2010. Keski-Suomi. Jyväskylä. Matkakeskus. Tiistai 2011-12-13 klo 16:05. Henkilöt ovat sattumalta kuvassa. Mobikuva: Pertti Manninen.

Lukijan kuva: "Katso tuolla on Hakkarainen!"

Kansanedustaja Teuvo Hakkarainen Jyväskylän yössä Kauppakadulla aikaisin sunnuntaina 2011-11-27 noin 03:n aikaan sankan fanijoukon piirittämänä. Lähetetyssä kuvassa keskustelijoiden kasvoja on hiukan pehmennetty. Kuva: H.N. - Katso myös! Samassa puserossa.

Disbelief as Greek politicians delay deal on €130bn rescue package

Greek rescue package talks blocked by unions and employers

Angela Merkel casts doubt on saving Greece from financial meltdown German chancellor speaks candidly to the Guardian and five other leading European newspapers as part of a unique collaboration to explore the EU's predicament

S&P downgrades European bailout fund Standard & Poor's cuts the European Financial Stability Facility's credit rating from AAA to AA+ following Friday's mass downgrade of nine eurozone countries

"Kiven hehku". Kari Alonen 2010."Kiven hehku". Kari Alonen 2010. Keski-Suomi. Jyväskylä. Matkakeskus. Tiistai 2011-12-13 klo 16:05. Henkilöt ovat sattumalta kuvassa. Mobikuva: Pertti Manninen.

Lukijan kuva: "Katso tuolla on Hakkarainen!"

Kansanedustaja Teuvo Hakkarainen Jyväskylän yössä Kauppakadulla aikaisin sunnuntaina 2011-11-27 noin 03:n aikaan sankan fanijoukon piirittämänä. Lähetetyssä kuvassa keskustelijoiden kasvoja on hiukan pehmennetty. Kuva: H.N. - Katso myös! Samassa puserossa.

Angela Merkel casts doubt on saving Greece from financial meltdown
German chancellor speaks candidly to the Guardian and five other leading European newspapers as part of a unique collaboration to explore the EU's predicament

S&P downgrades European bailout fund
Standard & Poor's cuts the European Financial Stability Facility's credit rating from AAA to AA+ following Friday's mass downgrade of nine eurozone countries

"Kiven hehku". Kari Alonen 2010.

"Kiven hehku". Kari Alonen 2010. Keski-Suomi. Jyväskylä. Matkakeskus. Tiistai 2011-12-13 klo 16:05. Henkilöt ovat sattumalta kuvassa. Mobikuva: Pertti Manninen.