Greece




China has offered to buy Greek bonds to show support for international relations. It’s nice to see China helping out after obtaining the position of the second largest economy. The China Post…



I thought of Magnolia when I read this headline, granted the frog raining that occurred in Greece wasn’t as bad as in the clip below, but it is a pretty messed up situation over there … Richard Lawson writes on Gawker:

“A carpet of frogs” covered a Thessaloniki highway, forcing closings for two hours. People are guessing they came from a lake nearby, but we know the truth. Hide your firstborns and blood your doors everyone, the Lord’s a’coming.




BBC News reports:

Greece is “on the brink of the abyss”, President Karolos Papoulias has warned, after three people died during protests over planned austerity measures. “We are all responsible so that it does not take the step into the void,” the president said in a statement.

It followed a day of violence during which protesters set fire to a bank, killing three employees. Greece’s government has vowed to pursue the spending cuts — a condition of its 110bn euro ($142bn; £95bn) bail-out.

“We are prepared to pay the heavy political cost,” Finance Minister George Papaconstantinou told parliament during Wednesday’s debate on the bill. “We will not take a single step backwards.”

The euro hit a fresh 13-month low against the dollar and European stock markets were also hit, amid concerns over Greek bail-out plans. There are also fears Greece’s debt crisis could spread to other countries.