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Archive for the ‘Karolos Papoulias’ Category

May 15, 2012 10:38 PM CT

Greek President Karolos Papoulias was told by the central bank chief this week that financial institutions are becoming anxious about their prospects as Greeks pull out cash after the inconclusive May 6 elections.

Central bank head George Provopoulos told Papoulias that Greeks have withdrawn as much as 700 million euros ($891 million) and the situation could worsen, according to the transcript of the president’s meeting with party leaders on May 14 that was published yesterday.

“Provopoulos told me that of course there’s no panic but there’s great fear which can evolve into panic,” he said.

Greece’s future in the euro has been thrown into doubt by the political standoff, forcing the president to call for new elections yesterday. German Finance Minister Wolfgang Schaeuble called the next vote a referendum on whether Greece exits the euro, a move that would leave lenders to its government, businesses and households unsure of recouping their money.

The risk of a run on Greek banks is “a very serious problem,” Yannis Ioannides, professor of economics at Tufts University in Massachusetts, told Bloomberg Television. He said the European Central Bank needs to guarantee deposits held by the region’s lenders to guard against contagion. “That’s the only way to kill a bank run: not words but deeds.”

Stocks Fall

Asian stocks fell for a sixth day, with the MSCI Asia Pacific Index (MXAP) sliding 1.8 percent at 12:12 p.m. in Tokyo. The euro traded less than 0.1 percent from the weakest level in almost four months. Greece’s benchmark ASE Index (ASE) fell to its lowest since 1992 yesterday.

Greek leaders will seek agreement today on an interim government that will schedule new elections as early as June 10. Public opinion polls suggest the Syriza party, which opposes the austerity measures pledged by Greece as part of an international bailout, may come in first place.

The country will run out of cash by early July if partners withhold their next aid payment. The European Financial Stability Facility on May 9 confirmed that a 5.2 billion-euro tranche will be released by the end of June, with 4.2 billion euros already disbursed May 10. The remaining 1 billion euros will be released depending on Greece’s financing needs.

The once-taboo issue of a Greek withdrawal or expulsion from the 17-nation currency union burst into the public debate last week, starting in GermanyEurope’s biggest economy and the country that invented the euro’s low-debt rules.

‘Catastrophe’ for Greece

European Central Bank officials including Patrick Honohan of Ireland and Luc Coene of Belgium weighed the arguments for and against a euro exit, adding to speculation that a currency designed to last forever might start splintering after 13 years.

Leaving the euro would be a “catastrophe” for Greece, with the risk of a run on banks, former Greek Prime Minister Costas Simitis said yesterday in Beijing. Banks would have to close for at least three months while preparations, including printing a new currency, are made, Simitis said, citing the views of “experts.”

“Having the banks close for three months — that’s nonsense,” Simitis said, adding that he believes Greece will stay in the euro. “If they close more than three days there will be a bank run.”

from:  http://www.bloomberg.com/news/2012-05-15/greek-president-told-banks-anxious-as-deposits-pulled.html

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Karolos Papoulias was born on June 4th, 1929 according to http://en.wikipedia.org/wiki/Karolos_Papoulias

6 + 4 +1+9+2+9 = 31 = his life lesson = Controversy.  Struggling.  Things get out of hand.

Five of Wands Tarot card

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using the number/letter grid:

 
1      2      3       4       5       6      7      8      9
A      B     C       D       E       F      G      H      I
J      K      L      M      N       O      P      Q      R
S      T      U      V      W      X      Y      Z

Where:

A = 1              J = 1              S = 1

B = 2              K = 2             T = 2

C = 3              L = 3             U = 3

D = 4              M = 4            V = 4

E = 5              N = 5            W = 5

F = 6              O = 6             X = 6

G = 7              P = 7             Y = 7

H = 8              Q = 8             Z = 8

I = 9               R = 9

 

 

Karolos Papoulias

2196361 717633911            66

 

his path of destiny = 66 = Managing money.

Queen of Pentacles Tarot card 

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comprehensive summary and list of predictions for 2012:

http://predictionsyear2012.com/

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http://numerologybasics.com/

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https://www.createspace.com/3411561

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Sex Numerology available at:

https://www.createspace.com/3802937

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May 12, 2012          1236 GMT

Greek President Karolos Papoulias is to hold talks in the next day with party leaders in a bid to create a national unity government, his office said Saturday.

Evangelos Venizelos, leader of the country’s socialist party, PASOK, met with the president Saturday after it became the third party to fail to form a coalition, a week after parliamentary elections gave no one a majority.

Speaking after the meeting, Venizelos said PASOK, New Democracy and the Democratic Left have said they would be willing to go into a grand coalition on the condition of remaining in the euro, offering a possible way out of the impasse.

But this could still be problematic as the Democratic Left has previously said it will only join a coalition if the party which placed second in Sunday’s election, the Coalition of the Radical Left, or Syriza, also joined.

Papoulias described this as a “grain of hope.”

He said he hoped he could help form a unity government, adding that “things in Greece are quite difficult.”

Papoulias is expected to meet with the leaders of PASOK, New Democracy and Syriza at noon Sunday, his office said. He will meet with other party leaders later.

If the president’s bid to form a unity government does not succeed by May 17, fresh elections must be called. They would take place next month.

Deep uncertainty surrounds the political situation in Greece after large numbers of voters in last Sunday’s election backed parties opposed to the country’s bailout deal.

Severe austerity measures are required under the terms of the bailout, agreed by the outgoing coalition government of PASOK and New Democracy.

Headlines in Saturday’s papers talk about “Elections on the Titanic” and “Opening the door to an exit from the euro.”

A poll earlier this week suggested that if new elections are held, Syriza would come first with 28% of the vote, although without achieving a majority. Syriza came in second in Sunday’s election with 16.8%.

The party is opposed to the terms of the bailout agreed with the European Union, European Central Bank and International Monetary Fund, and has even suggested implementing a moratorium on part of the repayments.

The country’s lenders have said that if Greece does not comply with the bailout terms then payments will stop.

Greece has been forced to impose punishing austerity measures to get international loans that have kept it from defaulting on debts so far.

But this week’s election results were widely seen as a message to politicians to back away from the economic measures, which include policies to cut spending and raise taxes to reduce public debts.

Seven parties won seats in parliament, but none captured more than 19% of the vote, leading to a week of political turmoil.

The stakes are potentially huge for the rest of the eurozone, the group of 17 European countries that use the euro as single currency.

There is concern that the lack of leadership could jeopardize Greece’s bailout agreement. That could lead to a disorderly default by Greece, which would force the nation out of the eurozone.

A default by Greece also could drag down other troubled governments such as Spain and Portugal. The eurozone economy is fragile, and any financial shock could plunge the region into a deep recession, a development that would ripple across the globe.

from:  http://edition.cnn.com/2012/05/12/world/europe/greece-politics/?hpt=hp_t3

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Karolos Papoulias was born on June 4th, 1929 according to http://en.wikipedia.org/wiki/Karolos_Papoulias

June 4th, 1929

6 + 4 +1+9+2+9 = 31 = his life lesson = Controversy.  Contention.  Things get out of hand.

Five of Wands Tarot card

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undefined

comprehensive summary and list of predictions for 2012:

http://predictionsyear2012.com/

—————————————————————–

—————————————————————–

——————————————————————

discover some of your own numerology for FREE at:

http://numerologybasics.com/

—————————————————————————————–

—————————————————————————————–

—————————————————————————————–

learn numerology from numerologist to the world, Ed Peterson:

https://www.createspace.com/3411561

undefined

—————————————————————————————–

—————————————————————————————–

—————————————————————————————–

undefined

Sex Numerology available at:

https://www.createspace.com/3802937

Read Full Post »