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Feb 13, 2012

GREECE News, Feb 13, 2012

European Leaders 'Confident' Greece Meeting Bailout Demands
BusinessWeek
13 (Bloomberg) -- Germany and the European Commission welcomed Greek approval of the austerity steps demanded for a financial lifeline, suggesting euro finance chiefs will pull Greece back from the brink when they meet in two days.
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Oil gains on Greece deal relief
Reuters
By Simon Falush | LONDON (Reuters) - Crude oil prices rose on Monday, back towards six-month highs touched last week, as assets that are sensitive to risk climbed after Greece approved an austerity bill to secure a second bailout.
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Greece cleans up after night of rioting
CNN International
By the CNN Wire Staff Athens, Greece (CNN) -- Anger over Greece'sausterity measures exploded in the streets of Athens early Monday as tens of thousands of protesters clashed with police in riots that left 106 police officers and dozens of civilians ...
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Greece Urged to Set Up Interest Payment Account
Washington Post
13 (Bloomberg) -- Lawmakers in Athens may face pressure to set up a separate account for Greece's interest payments to enable the country to better address its debt burden. David Tweed reports on Bloomberg Television's "Countdown" with Owen Thomas and ...
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Greece riots
Toronto Star
Policemen stand in front of a burning building following violent anti-austerity protests in Athens on Sunday. At least 45 buildings were burned and more than 120 people were hurt during the rioting in the Greek capital. Lawmakers passed the harsh new ...
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FTSE boosted as Greece approves austerity package
Reuters
FTSE up 1.0 percent * Banks gain as Greece bill eases threat of financial meltdown * Miners and integrated oils rise as outlook improves * C&W Worldwide boosted by Vodafone interest By David Brett LONDON Feb 13 (Reuters) - Banks and commodity stocks ...
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Is Italy Really Better Off Than Greece?
CNBC.com
Italian Prime Minister Mario Monti's claim that Italy's economy is stronger than Greece is supported by Italian economists and analysts, who argue that broad popular support for much-needed austerity in Italy will help it navigate the euro zone debt...
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CNBC.com
Greece's Austerity Approval Weighs On US Treasurys
Wall Street Journal
The violent riots in Greece, as its leaders voted through the painful wage and spending cuts, served as a reminder of the real implications still ahead for the financially troubled country. Germany, a crucial party in deciding whether Greece sees more ...
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Greece's persistent troubles force investors to question Wall Street's strong ...
Washington Post
Attention now shifts to a meeting Wednesday of European finance ministers, who will discuss additional bailout funds for Greece. “Fear is going to be back this week,” said Jeffrey Sica, president of Sica Wealth Management. “It's going to be a very, ...
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Nikkei advances after Greece seals austerity deal
Reuters
By Mari Saito | TOKYO (Reuters) - The Nikkei average rebounded from two days of losses on Monday after Greece approved a painful austerity bill in return for a second European bailout, but further gains may be difficult amid protests in Athens and ...
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*BREAKING NEWS* Greece Financial Crisis
YouTube
Breaking news on the Greece financial crisis! Check out this video too - http://www.youtube.com/watch?v=DuXvbs6HHX8 Greek Prime Minister Lucas Papademos told members of his government they must back deeper budget cuts needed to prevent financial ...
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Bond Markets Welcome Greece News
Wall Street Journal
WSJ's Matina Stevis has details of what's next for Greece after leaders approved an austerity package calling for significant job and budget cuts. Photo: REUTERS/John Kolesidis In a separate auction, Germany sold €3.01 billion of six-month treasury ...
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TREASURIES-Bonds regain footing on Greece worries
Reuters
Early in the session, what seemed like improved prospects for Greecesecuring a second bailout and avoiding a disorderly default damped demand for safe-haven US government debt. But even then, traders quickly chose to treat the lower bond prices as a ...
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Brazil Stocks Open Higher As Greece Passes Austerity Package
Wall Street Journal
By Jeff Fick RIO DE JANEIRO (Dow Jones)--Brazilian stocks opened higher Monday after Greece's parliament approved the latest package of government austerity measures, a key step as Europe works to resolve its ongoing debt crisis.
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Greece and the Euro-crisis jump the shark
MarketWatch (blog)
You guys know that throughout the last couple years that I have repeatedly loaded up on stocks and calls aggressively whenever the markets have panicked over Greece/Euro-crisis and that we've trimmed back and added to shorts when the markets are ...
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Greece police/fire blotter, Feb. 12
Greece Post
By Patricia Penaranda An accident of motor vehicles involving unknown injury in the 2800 block of West Ridge Road, Greece, was reported Sunday. The Monroe County Emergency Communication Department received the call at 2:58 am when the Greece Police ...
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Greece-Watching on Tap for Euro
Wall Street Journal
After weeks of uncertainty, Greece's interim government brokered a provisional deal to implement more than €3 billion ($4 billion) in unpopular austerity measures to secure a €130 billion bailout. That helped vault the euro to an eight-week high at ...
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Greece surveys riots damage after austerity vote
STLtoday.com
The vote was crucial for the country to secure euro130 billion ($172 billion) in new rescue loans and avoid a potentially catastrophic default next month _ bankruptcy could push Greece out of Europe's euro currency union, drag down other troubled ...
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Hong Kong Stocks Climb on Greece Progress, China's 'Fine Tuning'
BusinessWeek
13 (Bloomberg) -- Hong Kong stocks climbed, with the Hang Seng Index rising for the first time in three days, as China's premier said the country should start “fine tuning” economic policies this quarter and Greece'sparliament voted for austerity ...
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Further Hurdles Ahead for Greece
Wall Street Journal
European financial markets responded with modest gains early Monday after Greece got a step closer to receiving a second rescue package to avoid defaulting on its debts next month. A next big step in the cluttered approval process for the aid package ...
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Wall Street Journal
Turmoil after Greece votes yes
The Australian
With EU and International Monetary Fund financial support for Greece set to collapse if the vote was not approved, Prime Minister Lucas Papademos warned MPs that a "No" vote would see banks tumble, ordinary people's savings wiped out and hospitals ...
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'Greece doomed, economy total farce & fiction!'
RT
Patrick Young, from investment consultants, DV Advisors, says whatever happens in Greece, there's no saving it from a collapse that will be felt across Europe. RT on Twitter http://twitter.com/RT_com RT on Facebook http://www.facebook.com/RTnews.
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Canadian Dollar Gains As Greece Plan Sparks Cautious Optimism
Wall Street Journal
By Karen Johnson Of DOW JONES NEWSWIRES TORONTO (Dow Jones)--The Canadian dollar is firmer early Monday, as Greece's approval of a tough austerity package over the weekend contributed to a measured sense of optimism among investors.
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Greece's Papandreou: Austerity Program Is Sole Solution
Wall Street Journal
ATHENS (Dow Jones)--Greece's Socialist party leader Sunday renewed his call to lawmakers to support a tough package of reforms the country must take to secure a new 130-billion-euro ($178 billion) aid package from its international creditors.
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Rand Appreciates First Time in Three Days as Risky Assets Rally on Greece
Bloomberg
Passage of Greece's austerity bill will help the country prevent a default and allow it to remain part of the euro area, Prime Minister Lucas Papademos told parliament, shifting the spotlight to a meeting of euro-area finance ministers who must decide ...
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Stocks Hold Modest Gains After Greece News – CNBC.com
By nyse - Google News
The Fiscal TimesStocks Hold Modest Gains After GreeceNewsCNBC.comThe Dow Jones Industrial Average rallied, led by BofA The S&P 500 and the Nasdaq were also higher. The CBOE Volatility Index, widely considered the best gauge of ...
Daily Financial News
Crisis in Greece | Anarchist news dot org
By worker
Anarchist news dot org ... Overseas Embassies and Consulates of Greece... Sun, 2012-02-12 16:50. the reason for the austerity measures is so thatGreece can pay pack bankers with bonds. banks are responsible for the misery of austerity. » ...
Anarchist news dot org
Stocks back above 4800 mark on positive news from Greece ...
By Karen Martinez, InterAksyon.com
The stock market returned above the 4800 mark on Monday after Greek legislators approved a debt-reduction plan despite popular opposition.
Interaksyon.com
Markets on the up after Greece austerity Bill passed - Business ...
MSCI's broadest index of Asia Pacific shares outside Japan edged up as much as 0.3% on the news. The index hit a six-month high on Thursday on optimism that Greece would clinch a deal on austerity measures, only to pull back on Friday ...
Mail & Guardian News Feed
Massive austerity bill approved in riot-torn Greece — RT
By RT
The Greek parliament has approved new harsh austerity legislature needed to secure a 130-billion-euro bailout from the EU and the IMF in efforts to avoid devastating default. This comes amid violent riots against the vote in Athens.
News RSS : Today
EURO NEWS: Greece Officials Okay Austerity Bill As Country ...
By Jet Encila
THE Parliament of Greece on Monday gave the green light for the highly-controversial bill to secure a fresh International Monetary Fund/European Union financial rescue package to save the country from a crippling bankruptcy as business ...
Gainpips.com
Greece agrees to cut spending amid mass protests | BNN-NEWS.COM
By BNN
The Greek parliament is set to cut the government spending in order to get the European Union and the International Monetary Fund's financial aid package.
BNN-NEWS.COM
Euro Recovers as Greece Accepts Austerity — Forex News
By NewsInspector
The euro rose a little against the dollar and the yen today after the Greek parliament agreed on the austerity measures required to get the bailout, easing tensions around Greece and its debt problems. Greek Prime Minister Lucas Papademos ...
Forex News
Norwegian LNG Heads for Greece >> LNG World News
By LNG World News
The latest LNG cargo to be loaded at Norway's Hammerfest liquefied natural gas terminal has been dispatched to Greece, according to shipping.
LNG World News
Delightful News Out of Greece This Morning (for bankers) | The ...
By Numerian
One reason equity traders were so delighted with the news out of Greece is because 80% of the bailout money isn't going to Greece at all; the German and French governments, which are the puppet masters for the Troika, have required that ...
The Economic Populist
BBC News - Greece MPs pass austerity plan amid violent protests
Greek MPs pass an unpopular austerity bill crucial for a 130bn euro ($170bn; £ 110bn) bailout, as protesters clash with police outside parliament.
www.bbc.co.uk/news/world-europe-17007761
Greece Approves Crucuial Austerity Bill As Thousands ... - Fox News
Greece's parliament early Monday approved harsh new austerity measures demanded by bailout creditors to save the debt-crippled country from bankruptcy, ...
www.foxnews.com/.../buildings-set-on-fire-in-greece-ahead-d...
Greece Surveys Riots Damage After Austerity Vote - ABC News
Firefighters doused smoldering buildings and cleanup crews swept rubble from the streets of central Athens on Monday following a night of rioting during which ...
abcnews.go.com/.../greece-passes-austerity-deal-amid-rioting-...
Greece set to defy protesters and accept eurozone bailout deal ...
The Guardian, UK and World news, User comments, Web ... Greece's parliament was expected to defy angry protesters on the streets of Athens and endorse a ...
www.guardian.co.uk/world/.../greece-eurozone-bailout-deal?...
Greece passes new austerity deal amid rioting - World - CBC News
Greek lawmakers have approved harsh new austerity measures demanded by bailout creditors to save the debt-crippled nation from bankruptcy, after riots in ...
www.cbc.ca/news/world/story/2012/.../greece-bailout-vote.htm...
Greece on 'Razor's Edge' as Debt Talks Drag On - Bloomberg
Greece's efforts to win a second bailout from international creditors teetered in the balance as negotiations in Athens failed to clinch an agreement.
www.bloomberg.com/.../greece-talks-enter-final-phase-on-2nd...
Greece says faces 24-hour deadline to clinch rescue | Reuters
Ta Nea newspaper reported that the debt swap would now cut Greece'sdebt by 170 billion euros after including a 23 billion euro contribution from public ...
www.reuters.com/.../02/.../us-greece-idUSTRE8120HI201202...
Greece news lifts Europe stocks; C&W Worldwide up - MarketWatch
MADRID (MarketWatch) -- European stock market opened higher on Monday after Greece's parliament approved austerity measures in the face of major protests ...
www.marketwatch.com/.../greece-news-lifts-europe-stocks-cw-...
US Stocks: Stocks Hold Modest Gains After Greece News - US ...
Stocks cut their early gains Monday, even after Greek lawmakers approved the financial reforms needed to secure its latest bailout package from the IMF and the ...
www.cnbc.com/.../Stocks_Hold_Modest_Gains_After_Greece...
Bond Markets Welcome Greece News - WSJ.com
Italy's funding costs fell as it sold the targeted €12 billion in treasury bills after the Greek Parliament passed a controversial austerity bill.
online.wsj.com/.../SB10001424052970204883304577220640...

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