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"The International Monetary Fund (IMF) will not participate probably after a newspaper report at the next partial payment of grants for Greece."
"It is generally acknowledged that the IMF is its part of the end of June next installment due not pay off," wrote the Frankfurter Allgemeine Zeitung (FAZ) on Wednesday. Apparently, the Troika of the ECB, IMF and the EU Commission in its audits come to the conclusion that the financing was not secured for the current program for twelve months. Consequently, the IMF does not pay its part. "
Frankfurter Allgemeine Zeitung (FAZ) Eurointelligence Wirtschafts Blatt
Three options are being discussed, one of which – the bankruptcy of Greece – is wanted by no one. The second option is to use the Commission’s EFSM to take over the billions the IMF would have paid for otherwise. The advantage would be, from Angela Merkels point of view, that it involves no votes of national parliaments. A third option would be another adjustment program with yet more conditionality attached to it.
Nato operations extended to Sept. Very poor writing. What year?
Wait until the Ozzies get a full quarter of the Japanese radiation/no power effect. Then you will see a real swan dive.
I know yesterday was Fukushima day but here's evidence of what I've been second most afraid of: the air emissions measurement has just been wrong. The effort to keep the story 'not as bad as Chernobyl' (oh and no way in Hell considering evacuating Fukushima City, too inconvenient) has not been adding up compared to the continuing discoveries of air deposition/contamination in various places. Now this from NHK:
French research institute finds high radioactivity
A French independent radioactivity watchdog has found radiation in Fukushima Prefecture 60 times higher than the annual reference level for ordinary people recommended by an international commission.
Bruno Chareyron, director of the research institute CRIIRAD, briefed reporters in Tokyo on Wednesday on the results of its survey of the air in Fukushima Prefecture.
The measurements and calculations found an annualized amount of 60 millisieverts at a farm in Iitate Village in the prefecture.
The level is 60 times higher than the annual limit for ordinary people, except for radiation workers, of 1 millisievert, recommended by the International Commission on Radiological Protection. The researchers also found high radiation levels in Fukushima City. At some places in the city, the levels of radioactivity were 7 to 9 millisieverts a year.
Chareyron urged Japan to increase the number of monitoring spots so that it can provide the public with detailed information on the negative effects of the radiation caused by the troubled Fukushima Daiichi plant.
The one-week survey from May 24th was conducted in cooperation with a Japanese nongovernmental organization.
Wednesday, June 01, 2011 21:49 +0900 (JST)
Could someone with a straight face please summarize what a "Greek Solution" is?
And for your next trick, how that "Solution" relates to "Bond Roll-Overs?"
Is MAD Magazine in charge of headlines or is it Larry Flynt?
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