As we run up to kick off this Friday evening I’ll be dealing with ante post bets for Euro 2012, including the four groups. Group A looks arguably the most straightforward.
A few days ago the Head of the International Monetary Fund (IMF), Christine Lagarde, had the audacity to suggest that instead of resisting the neo-liberal austerity measures prescribed by her organization, in agreement with the EU and the European Central Bank, Greek citizens should focus on paying their taxes.
Fernando Santos leads Greece into this summer’s Euro 2012 tournament in a calm yet confident mood.
“Isolation is a dream killer,” so the saying goes. Many commentators assert that German Chancellor Angela Merkel’s unprecedented new isolation in Europe over eurobonds and growth measures could turn her dream of tightly controlled European fiscal discipline into a limp cadaver. Some go even further and say it could accelerate her own political garrotting.
Christian Schulz of Berenberg Bank has calculated that total exposure of the rest of the world is just over €424bn. To put this in context when Lehman Brothers went belly up in September 2008, giving the global economy a heart attack, the US investment bank had liabilities of $613bn, which works out, at present exchange rates, at €476bn.
Germany does not share the economic pain of the likes of Greece and Spain and thus does not feel the urgency of the situation.
Skoda Xanthi are not renowned for their big name players or first class scouting system. George Boateng and Tomasz Radzinski are probably the most established names to have played for Marinos Ouzounidis’ side in recent years. That could soon change, however.
I spoke to a member of the ECB council in Davos last month, who told me that he was in favour of selling the Bank’s (estimated) €5obn of Greek bonds to the EFSF. He even said that the ECB president, Mario Draghi, was reasonably well disposed to the idea.
A worrying development in Honduras echoes anti-democratic trends in Italy and Greece, whereby technocracy is usurping popular rule.
Honduras has long been one of the poorest countries in the western hemisphere. A year ago, the National Party, with support from the opposition Liberal Party, decided to form the Región Especial de Desarrollo (RED), or Special Development [...]
Greece will open next summer’s Euro 2012 tournament against Poland just as they did eight years ago in Portugal, where Otto Rehhagel’s side eventually went on to lift the trophy and surpass expectations of everyone in the game.
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