Ireland lobbying international creditors to allow it to shift burden of loss-making mortgages from some banks, finance minister says
Italy confirms it is in recession, but OECD says sees some small signs of improvement in euro zone as a whole
Two Reuters headlines: “German finmin: ‘mistake’ to think Greek crisis over”, followed by “Sarkozy says Greek probem solved”
Greece’s creditors have essentially let it off the hook by overwhelmingly agreeing to take a 74 percent loss. So what better time to remember one of the first times Athens got in trouble with paying its debts.
In 490 BC, the bucolic plains before the town of Marathon were the site of a bloodbath. Invading Persians lost a key battle against Greeks, who were led by the great Athenian warrior Kallimachos, aka Callimachus.