Thursday, November 3, 2011

Greece is the word

Greek Prime Minister George Papandreou called an emergency cabinet meeting Thursday morning after the leaders of France and Germany warned that his country would have to leave the euro zone if voters rejected a bailout plan. 


French President Nicolas Sarkozy made the threat Wednesday after more than two hours of meetings with Papandreou and German Chancellor Angela Merkel in Cannes, France, as world leaders gathered for an economic summit.


Europe's common currency has been thrown into crisis by Greek debt and the Greek prime minister's surprise announcement earlier this week that his country would hold a referendum on a plan to bail the country out.


Greece's finance minister delivered a surprise of his own Thursday morning, saying the country's future "cannot depend on a referendum."  Evangelos Venizelos said the country had to implement the terms of the deal "now, as soon as possible," in a statement that appears to undercut the prime minister's position.


If the Greek people say "No" to the bailout in their referendum, Greece must leave the euro zone, Sarkozy told reporters in this chic resort town on France's southern coast.


Papandreou expressed optimism Wednesday that the Greek people will support his plan to remain in the euro zone despite having to endure the austerity measures that Greece's continued membership in the club would require.



Boudin Chaud. Cous Cous Froide. Allons Tigres--Poussez Poussez Poussez


John Broussard

Assistant State Treasurer

Chief Investment Officer

State of Louisiana

Department of the Treasury

Ph:  225-342-0013

Fx:  225-342-9721


Street Address:

445 North Blvd, 7th Floor

Baton Rouge, LA 70802

Mailing Address:

P.O. Box 44154 Capitol Station

Baton Rouge, LA 70804-4154

Physical Location:

One City Plaza, 7th Floor

Corner of North Blvd & 4th Street

Exit 1B I-110 Convention Street, Turn Left to get to North Blvd


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