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Ditto in Greece,, It seems Greek MPs are also "completely in the dark" about
whether Greece will receive any debt relief - and if yes, when.
I've just got off the phone with Costas Lapavitsas, a Syriza MP
and professor of economics at SOAS university in London, who has described
today's agreement in principle as "outrageous", misleading and based on policies
that have failed over the past five years.
He described claims by officials that Greece will avoid
austerity measures worth around €20bn because of the relaxed primary surplus targets
attached to the new debt deal as "wrong".
He said the debt deal had "bypassed democratic procedure" because MPs had not
been consulted before it was announced. "When were these conclusions [on prior
actions and targets] made? Who decided on that? It's outrageous, it's
absolutaely outrageous," he said.
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NEW YORK (AP) — A barrel of U.S. crude fell below $40 per barrel for the first time since the end of the global economic crisis.
Friday’s fall, to $39.86, was just the latest indicator of a vast shift in the energy landscape.
Oil prices have been falling solidly for eight consecutive weeks. That’s the longest streak since 1986.
Prices have fallen almost 60% since this time last year, and more than 34% in just the past three months.
The U.S. is churning out oil at an unprecedented pace, adding to the supply from energy powerhouses like Saudi Arabia and other OPEC nations.
What may be pushing prices this low, and possibly lower, is a steady drumbeat of economic data out of China suggesting that the world’s second largest economy is slowing.
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