GREECE News, Jan 14, 2012

Greece's Debt Talks With Creditors Stall Bloomberg “The second Greek program, including the debt restructuring, has to be carried out quickly now because otherwise it won't be possible to pay out the next tranche for Greece,” Merkel said on Jan. 9. Greece “really has to implement the commitments made... See all stories on this topic » Bloomberg

Earnings, Europe Top Agenda in Coming Week TheStreet.com By Kaitlyn Kiernan 01/14/12 - 11:37 AM EST NEW YORK (TheStreet) -- Concerns about Europe will test US markets again in the coming week and could overshadow earnings reports from some of the biggest US companies. In Europe, the review mission to Greece ... See all stories on this topic »

U.S. stocks face lowered earnings bar MarketWatch A disorderly default by Greece, for instance, might trip credit default swaps, hitting the French banks that hold Greek bonds and the US institutions that are counter-parties. Read more on Greece debt breakdown. “We don't know the magnitude of those ... See all stories on this topic »

Downgrade drama: S&P lowers France, Italy, Spain, 6 others USA TODAY In Greece, negotiations Friday to get investors to take a voluntary cut on their Greek bond holdings appeared close to collapse, raising the specter of a potentially disastrous default by the country that kicked off Europe's financial troubles more ... See all stories on this topic » USA TODAY

Divide Emerges Between IMF and EU Over Failed Greek Austerity Measures Greek Reporter A report has emerged that the International Monetary Fund, which, along with the European Union and European Central Bank forms the so-called Troika providing Greece with $152 billion in an initial bailout and planning a second for $169 billion, ... See all stories on this topic » Greek Reporter

Treasury Yields Drop to Year Low on Europe Bloomberg “The numbers disappoint,” said Steven Ricchiuto, chief economist in New York at Mizuho Securities USA. “We're not out of the woods here yet. There's no reason to be selling Treasuries.” Growth Forecasts A report on Jan. 19 is forecast to show prices ... See all stories on this topic »

TSX Closes Lower On Eurozone Downgrade Fears -- Canadian Commentary NASDAQ There were further concerns of a Greek default as talks with private sector lenders on a 50 percent voluntary write-off of Greece's debts were stalled, casting doubts on Athens ability to remain in the eurozone. The S&P/TSX Composite Index, however, ... See all stories on this topic »

US stocks smacked by downgrade talk MarketWatch By Kate Gibson, MarketWatch NEW YORK (MarketWatch) — US stocks fell Friday, denting weekly gains, after JP Morgan Chase & Co. reported a profit drop and as investors fretted a possible Greek default and coming downgrades of euro-area nations. ... See all stories on this topic »

Turkish Film “Fetih 1453″ Causes Outrage Among Greeks Greek Reporter “Turkish invaders present themselves as rulers of the world in the movie,” the report said, adding that the film “fails to show the mass killings of Greeks and the plunder of the land by the Ottoman Turks.” The film is being described as one-sided and ... See all stories on this topic » Greek Reporter

EU sanctions against Iranian oil to be delayed six months DigitalJournal.com Interestingly Nigel Kushner, an international trade lawyer, is cited by Bloomberg saying “No doubt the Greeks are saying to rest of EU, 'If we play ball, what are you giving us in return?'" This contrasts with Greek agreement to approve the sanctions ... See all stories on this topic » DigitalJournal.com

The Week in Review theTrumpet.com The facts are that Greece's coffers have been substantially drained into huge profits for German defense industry barons. When the EU was threatened with the collapse of the Greek economy, German defense industry chiefs held theGreeks' feet to the ... See all stories on this topic »

Incumbent Indicator: A Profitable Year, Regardless? Barron's Reuters quoted a source close to the Greek task-force team as saying that the consequences of failure "would be catastrophic for Greece and the Greekpeople, Europe and the Europeans." Iran has begun to enrich uranium in a bunker, and Western officials ... See all stories on this topic »

Stocks' drop chips at week's gains The Spokesman Review NEW YORK – US stocks fell Friday, denting weekly gains, after JPMorgan Chase & Co. reported a profit drop and as investors fretted about a possibleGreek default and coming downgrades of eurozone nations. After the close of trading, Standard & Poor's ... See all stories on this topic »

European Downgrades, US Calm Barron's Adding to the markets' concern were reports that talks between Greece and its bankers had broken down. That left hanging the plan for a 50% haircut needed as a condition for the proposed bailout from the "troika" of the International Monetary Fund, ... See all stories on this topic »

George Osborne urges UK businesses to look beyond eurozone to Asia The Guardian The suspension on Friday of negotiations with the banks and hedge funds that hold Greek bonds has also raised fears that the rescue package agreed last year for its stricken economy is set to collapse. Inspectors from the "troika" ofGreece's creditors ... See all stories on this topic »

Euro shares down on downgrade fears; DAX off 0.58% Moneycontrol.com S&P is slashing France of its AAA rating for the first time reported Agence France Presse, French President Sarkozy declined to comment on the report. More bearish word fromGreece added to the bearishness that a group representingGreek's creditors ... See all stories on this topic » Moneycontrol.com

Nine posts in one Reuters Blogs (blog) If you want to get a new credit card, make sure you're only payingnew debt when you do so, not old and expired debt as well. ¶ Landon Thomas says that the French and German banks which held a lot of Greek debt have now sold it to “hedge funds and ... See all stories on this topic » Reuters Blogs (blog)

Text - S&P: factors behind euro zone sovereign rating actions Reuters India WHAT IS YOUR VIEW OF THE LATEST DEVELOPMENTS IN GREECE AND WHAT IMPACT DO THEY HAVE YOUR ANALYSIS? We did not change the rating on Greece, which had been downgraded to 'CC' in July 2011, indicating our view of the risk of imminent default. ... See all stories on this topic »

Greece's 'bank of cronies' Montreal Gazette The secret report was completed on July 27 last year, but its full findings have not been disclosed until now. The detailed revelation of alleged mismanagement at Proton Bank comes just as cash-strapped Greek banks are seeking fresh support from the ... See all stories on this topic »

S&P downgrade could be major game changer TradingFloor.com (blog) "We do not believe that private-sector involvement will necessarily be a one-off event in the case of Greek restructuring and would not be sought in possible future bail-out packages in the future case of sovereign insolvency or prolonged loss of ... See all stories on this topic »

BIOMET INC - 10-Q - Management's Discussion and Analysis of Financial ... Insurance News Net (press release) The reorganization eliminated three reporting units (US Orthopedics, Sports Medicine and Biologics) and established a new reporting unit (US Reconstructive). We continue to monitor economic conditions, including the volatility associated with ... See all stories on this topic »

Brankrupt Greece to Pay for 'Disabled' Exhibitionists, Kleptomaniacs and ... Patriot Post Thus, American taxpayers might someday be underwriting Greek pedophiles. The outrage over this story has sparked a re-iteration by the Labor Ministry that the new list "solely concerns medical evaluation, not the provision of social benefits. ... See all stories on this topic »

S&P cuts credit ratings for France, Italy, Spain Houston Chronicle Photo: Gregorio Borgia / AP A homeless person sleeps outside the headquarters building of the Bank of Greece as pedestrians pass by in Athens, on Friday, Jan. 13, 2012. The Greek government held a second day of talks Friday with private bondholders on ... See all stories on this topic »

Report: former Dutch central banker doubts Greece - Yahoo! News News: Greece probably won't repay all of its loans to the Dutch state, the former ... story. Discuss: New Pentagon strategy · Harbin slideshow. China's Snow and .... Those in Washington now want to continue the debt and raise the 'limit' again. news.yahoo.com/report-former-dutch-central-banker-doubts-g...

ANALYSIS: Greece Labels Pedophilia a Disability - World - CBN ... Please click on the link below to download the latest version. ... They said that pedophiles will now receive higher disability pay than people who ... CBN Newsspoke with Peter Sprigg of the Family Research Council about this. ... Sign up for the CBN News Dispatch and receive CBN News Reports in your inbox each day. www.cbn.com/.../Greeks-Angry-after-Pedophilia-Named-Disa...

BBC News - Greece disability list sparks welfare benefits row Disabled Greeks are alarmed by a government plan to class paedophiles and pyromaniacs ... and sado-masochists, the Associated Press news agencyreports. www.bbc.co.uk/news/world-europe-16486416

Children 'dumped in streets by Greek parents who can't afford them ... MailOnline - news, sport, celebrity, science and health stories .... Are thesereports referring to the Greeks or the other Europeans that have saturated the country ... www.dailymail.co.uk/.../Children-dumped-streets-Greek-paren...

Greek Debt Likely Unsustainable Even With Haircuts, Barclays ... Greece was able to stretch its finances up until now to avoid a hard default. With the €8bn ... The latest timeline reported by Reuters news reports is as follows. www.zerohedge.com/.../greek-debt-likely-unsustainable-even-...

Greece holds new talks on bond swap - Hawaii News Now - KGMB ... Hawaii News Now - KGMB and KHNLGreece holds new talks on bond swap... ATHENS, Greece (AP) - The Greek government held a second day of talks Friday ... www.hawaiinewsnow.com/.../greece-holds-new-talks-on-bond...

Greek national gallery robbed of Picasso, Mondrian - Arts ... Skip to main content; Skip to Greek national gallery robbed of Picasso, Mondrian; Skip to supplementary story content; Skip to related news content; Skip to CBC ... www.cbc.ca/news/.../greece-art-theft-picasso-mondrian.html

Greece nears debt-saving bank deal | Latest Business ... - Perth Now GREECE is nearer to a deal with bank creditors to wipe out 100 billion euros ...be reached by early next week, Greek news reports said, as the Deputy Finance ... www.perthnow.com.au/.../story-e6frg2qu-1226241736895

Eurozone crisis live: S&P cuts French credit rating on night of ... The European financial crisis has moved into a new phase after Standard & Poor's cut ... The news that talks had broken up without agreement was seen as very ... UPDATE: John Chambers of S&P is explaining now that the EFSF would need ... In other words -- it is a serious mistake to make Greece, Ireland and Portugal ... www.guardian.co.uk/.../eurozone-crisis-live-markets-italian-bo...

EU says Greek payments pushed back - RTÉ News Greece's entire schedule of emergency loans from the EU and IMF is being ...One News · Six One News · Nine News · News On Two · Oireachtas Report... that Greece was originally to receive in March this year will now be paid only in June. ... Conor Brophy looks at the latest signals from the ECB, and talks to Diageo ... www.rte.ie/news/2012/0105/greece-business.html

Fitch reassures on France as Merkel, Lagarde meet on Greece ... ... met IMF chief Christine Lagarde on Greece's stLatest news around the world and ... with banks could be reached by early next week, Greek news reports said. ... with banks' deposits with the European Central Bank hitting anew record. news.ph.msn.com/business/article.aspx?cp-documentid...

Greece Euro Exit Poses Less Risk Now, Two Merkel Lawmakers ... A Greek exit from the euro would pose a “significantly smaller” risk of contagion to the rest of the currency area than two ... Get our new FREE iPad app now ... www.businessweek.com/.../greece-euro-exit-poses-less-risk-no...

Will Greece lead the way in 2012? | Canada | News | Toronto Sun The debt crisis that's left the Greek state on the brink of collapse and dependent on ... Now, she says, that's changing. ... Another poll reported inGreece's Ethnos newspaper found 40% want the current ... RIM close to picking new chair: Report ... www.torontosun.com/2011/.../will-greece-lead-the-way-in-20...

Greece, bondholders break off debt-reduction talks – USATODAY.com ATHENS, Greece (AP) – Crucial negotiations between the Greek government and ... To report corrections and clarifications, contact Standards Editor Brent Jones. ... USA TODAY is now using Facebook Comments on our stories and blog posts to provide ... For the latest Money news, follow USATODAYMONEY On Twitter. www.usatoday.com/money/world/story/2012-01-13/.../1

Greeks, Italians burying cash as crisis fears grow | Economy | News ... Greeks and Italians are taking their money and running, moving it abroad or even burying it ... Latest News Headlines Feed · JPMorgan reports lower Q4 net income .... With ordinary Greek grandmothers now joining the wealthy in seeking ... business.financialpost.com/.../greeks-italians-burying-cash-as-c...

Greek-Chinese Deal | Greece.GreekReporter.com Latest News from ... GreekReporter.com Latest News from Greece Greek News on Politics, ...The biggest wine trade deal ever signed between Greece and China is nowofficially confirmed. ... According to a Kathimerini daily report, the members of the VAENI ... greece.greekreporter.com/tag/greek-chinese-deal/

Greece: Bond talks at 'very good point' (AP) | NEWS.GNOM.ES LAGONISSI, Greece – Greece's finance minister on Wednesday said talks with banks for ... The country's interim coalition government is now rushing to pass a new batch of ... Former SNB head Hildebrand to get 12 months' pay:report ( NEWS. news.gnom.es/.../greece-bond-talks-at-very-good-point-ap

Greece wins Swiss court ruling over ancient coin - CBS News In recent years, Greece has secured the return of important illegally ... Reportoffensive content: ... Latest Now in MoneyWatch ... Latest CBS NewsHeadlines ... www.cbsnews.com/.../greece-wins-swiss-court-ruling-over-anc...

News Blog > Greek Debt totally unsustainable - HousePriceCrash ... ... are paying these rates, and that this is why the EU is slapping on carbon taxes, new VAT's, etc. ... The very same bankers who cooked the books forGreek EU membership ... Thursday, January 5, 2012 03:51PM, ReportComment ... estrader , the problem with the 'house prices fall they're now back to 1986 prices when ... www.housepricecrash.co.uk/.../blog-greek-debt-totally-unsusta...

Latest Greek bailout called insufficient; report - MarketWatch FRANKFURT (MarketWatch) -- Greece's second bailout package will ...budget figures, German newspaper Financial Times Deutschland reportsFriday, citing ... www.marketwatch.com/.../latest-greek-bailout-called-insufficie...

Construction Spending Set Housing Stocks Soaring - Greek News Taking a closer look at the economic report produced by the U.S. Census Bureau ... Now, the shares of homebuilders rallied significantly on the news, with ... Eventually, new home construction was going to have to improve, driven by lack of ... Cyprus Consider Linking Power Grids, Greek Minister Says - BusinessWeek ... www.greeknewsonline.com/?p=18882

SPECIAL REPORT-In Greece, claims a magnate stole from his own ... Greek prosecutors allege that Lavrentis Lavrentiadis loaned himself and his associates ... Indonesians' confidence in govt's anti-graft efforts hits new low and Kenyan ... TrustLaw is a global hub for pro bono legal work and a free source of news .... on July 27 last year, but its full findings have not been disclosed until now. www.trust.org/.../special-report-in-greece-claims-a-magnate-st...

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