Greek Rescue Funds About To Be Released, Officals Optimistic
Greek political leaders claim that now money is about to be released as part of a rescue package a new period for the southern European nation has started. Finance Minister Evangelos Venizelos said Greece has a “new starting point” when he was interviews by CNBC. That is not likely. Most economists…
Greek political leaders claim that now money is about to be released as part of a rescue package a new period for the southern European nation has started. Finance Minister Evangelos Venizelos said Greece has a “new starting point” when he was interviews by CNBC. That is not likely. Most economists believe that another bailout is only two or three years away. Greek GDP continues to contract at a 5% or greater level. Unemployment is well over 14% and on the rise. Even with government expense cuts it is hard to imagine how the country can bring down deficits and cut into the size of its national debt.
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Douglas A. McIntyre is the co-founder, chief executive officer and editor in chief of 24/7 Wall St. and 24/7 Tempo. He has held these jobs since 2006.
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A magna cum laude graduate of Harvard College, McIntyre also was president of The Harvard Advocate. Founded in 1866, the Advocate is the oldest college publication in the United States.
TheStreet.com, Comps.com and Edgar Online are some of the public companies for which McIntyre served on the board of directors. He was a Vicinity Corporation board member when the company was sold to Microsoft in 2002. He served on the audit committees of some of these companies.
McIntyre has been the CEO of FutureSource, a provider of trading terminals and news to commodities and futures traders. He was president of Switchboard, the online phone directory company. He served as chairman and CEO of On2 Technologies, the video compression company that provided video compression software for Adobe’s Flash. Google bought On2 in 2009.
