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Remember Greece? It's still as insolvent as ever ...
... and unlike the United States, it can't just print the world reserve currency.
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IMF Warns that Eurogroup Loan Measures Are Not Enough for Greek Debt
By Eleni Chrepa and Andrew Mayeda
Bloomberg News
Saturday, January 28, 2017
Greece's public debt and financing needs will prove "explosive" in decades to come unless Europe overhauls its bailout program to ease the load, the International Monetary Fund says in a draft report as the country seeks a fresh loan payout.
In the IMF's baseline scenario, Greece's government debt will reach 275 percent of its gross domestic product by 2060, when its financing needs will represent 62 percent of GDP, the report obtained by Bloomberg says. The government estimates public debt around 180 percent of GDP at present.
The European Union's view of the evolution of Greek debt is "more benign" and based on "significantly more optimistic assumptions," the IMF notes. The document also says some Greek debt proposals by euro-area finance ministers "are not specific enough to enable a full assessment" of how they would affect sustainability. ...
... For the remainder of the report:
https://www.bloomberg.com/news/articles/2017-01-28/imf-warns-eurogroup-l...
At 3 Aces Project, Golden Predator Finds 7.5 Meters of 33 Grams-Per-Tonne Gold
Company Announcement
Thursday, January 19, 2017
VANCOUVER, British Columbia, Canada -- Golden Predator Mining Corp. (TSX.V: GPY; OTCQX: NTGSF) is pleased to report assay results for the first 13 holes of a total of 54 holes completed in the winter 2016 drill program at the 3 Aces Project in southeastern Yukon Territory.
Drilling has demonstrated an extension of high-grade gold at the Ace of Spades zone, as well as the exciting discovery of a blind vein and the occurrence of significant assay values in stockwork zones.
Significant results reported at true width include:
-- Hole 3A16-RC-032 intersected 7.54 meters of 32.86 grams per tonne gold from a depth of 16.76 meters, including 0.54 meters of 252 grams per tonne gold; and a new blind vein at a depth of 71.63 meters returned 3.23 meters of 10.04 grams per tonne gold. (The hole ended in mineralization. ...
For the remainder of the announcement:
http://www.goldenpredator.com/_resources/news/nr_2017_01_19.pdf
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