Econintersect:  The several factions of the Greek government have agreed to additional spending cuts of €11.5 billion ($14.1 billion over the next two years. These will come from reduced pensions, public sector wages and government provided services.… more »

Econintersect:  It is like a World War II headline:  German Troops Pull Back from the Mediterranean.  Only this time it’s a banking maneuver, no soldiers or armaments involved.  An article by Brooke Masters in the Financial Times suggests that the reduct… more »

Econintersect:  After winning the top spot in the Greek election Sunday 17 June 2012, the  New Democracy Party (ND) has to lead the effort to form a new government.  With only 29.6% of the vote and 129 seats in the 300 seat parliament, ND will need some… more »

Econintersect:  The election in Greece today was held because no party received a majority in the early May election and, following the election, no coalition could be formed among the many fractious parties to get a 50%+ majority in parliament.  The res… more »