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Troika officials are returning to Greece today to assess the country's progress on carrying out...

Troika officials are returning to Greece today to assess the country's progress on carrying out its bailout commitments, such as privatization, tax reform, bank recapitalization and cutting the public sector. The visit comes after Russell Investments said it would take the unprecedented step of downgrading Greece to an emerging from a developed market. The change is due to take effect in June. (PR)
Comments (21)
  • Oooo the Troika is returning to Greece.. Sugar coating again.. Hmmmm
    Troika is starting to sound like a financial STD
    3 Mar 2013, 05:02 AM Reply Like
  • As if changing a descriptive adjective for Greece has the slightest thing to do with anything.
    3 Mar 2013, 05:50 AM Reply Like
  • A recent story stated Greece collected half the tax revenue it was expected to collect in 2012. People still not paying. Default will come--or more bailout money. If the EU wants to keep Greece in, they should just write off the debt due, and start anew.
    3 Mar 2013, 06:16 AM Reply Like
  • Ohhh, you want them to scrap the crew cut and go to a baldie ? :>)
    Poor Merkal.. She is sure to win,but, her coalition will be this as good Swiss chese
    3 Mar 2013, 06:22 AM Reply Like
  • bankers wouldn't like that. Greece like the rest of PIGS should leave the Euro, much better for them but bankers will not allow that and markets would tank. Greece like the rest of em will default just a matter of when not if.
    3 Mar 2013, 07:04 AM Reply Like
  • june1234, ??? Greece DID DEFAULT ! What do you think that massive haircut was ?


    What you mean is that the ECB & IMF will take the loss. And, that is not in the IMFs charter. or the ECBs for that matter..


    They would tow the island and sell it to the Chinese ( kidding)
    3 Mar 2013, 07:08 AM Reply Like
  • Stadiums full of unemployed, growing homelessness problem, 26% of the country without a job, some soccer clubs unable to find corporate sponsors now funded by prostitution houses. Cant see why anyone would downgrade them, Lend em more money, that plan has worked out so well
    3 Mar 2013, 07:01 AM Reply Like
  • Italy is next! They keep voting for clowns like Grillo and Berlusconi and the markets are quickly tiring of their games.
    3 Mar 2013, 07:40 AM Reply Like
  • Spain is much worse than Italy ! "Stadiums full" and thousands taking to the streets sounds as your talking Spain !


    Catalan is trying to succeed... Spain's Rojoy is clueless and Spain would crack before Italy. And, truthfully Italy's leaving the Euro would be good for them. Their in the best shape to benifit.
    3 Mar 2013, 07:44 AM Reply Like
  • Especially Italy, they would do just fine without the Euro .Would be good for all of them or just restructure all that debt but bankers and their worthless over leveraged swaps will never allow them to default. Bernanke alluded to the risk of Italy leaving the Euro, nothing to do with Italians everything to do with super banks and their highly over leveraged underinsured bets just like in 08. Thats the tragedy here, all these countries being made to bleed for the interest of a few
    3 Mar 2013, 08:10 AM Reply Like
  • Someone voted for BO as well? Just sayin..
    3 Mar 2013, 05:23 PM Reply Like
  • Pros, and Vlad Putin had the quote of the century ! " The ignorant in the USA gave him a second term"
    Only thing Putin ever said that made sense for the world !
    3 Mar 2013, 05:34 PM Reply Like
  • BIG


    Yup, and i feel sorry for this country because neither guy was my pick..


    Truth, they are only puppets anyway!! The real power is hidden..
    3 Mar 2013, 05:54 PM Reply Like
  • Putin wanted Romney. I wonder why?
    3 Mar 2013, 06:37 PM Reply Like
  • Putin didn't want Romney.. Didn't you hear the off mike blunder Obama made. He told Russia re-elected he was free to kiss there boots.
    4 Mar 2013, 01:30 AM Reply Like
  • "Troika officials are returning to Greece today to assess the country's progress..."


    Reuters is reporting that "...environmentalists are protesting Troika officials returning to Greece...a spokesbeing for Greenpeace stated: 'for goodness sake, have the Troika never heard of videoconferencing?'"


    The world is wondering why a "Troika" governs Greece so soon after the fall of the Soviet Union.
    3 Mar 2013, 07:42 AM Reply Like
  • Shouldn't the downgrade be to "submerging market"?
    3 Mar 2013, 12:15 PM Reply Like
  • Maybe, they should just rename the place to "Grease." :-)
    3 Mar 2013, 12:17 PM Reply Like
  • Tack, if John Travolta and Oliva Newton-John get involved, I'm heading for the exits! :-)
    3 Mar 2013, 07:00 PM Reply Like
  • I blame the Greek politicians. They are not statesmen of any kind.


    They are in fact de facto traitors and treasonous.
    3 Mar 2013, 06:06 PM Reply Like
  • TK, sounds like the textbook definition of a poltico
    3 Mar 2013, 06:09 PM Reply Like
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