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May 5, 2012

GREECE News, May 05, 2012


Greek Election Critical And Uncertain
NPR
by AP ATHENS, Greece (AP) — Greeks head to the polls Sunday in their most critical — and uncertain — election in decades, with voters set to punish the two main parties that are being held responsible for the country's dire economic straits.
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A Band of Contrarians, Bullish on Greece
New York Times
LONDON — As Greece girds for an election on Sunday that top politicians warn could ultimately force the country to leave the euro zone, some risk-happy investors have adopted an improbable rallying cry: buy Greek bonds now. Among counterintuitive bets ...
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Stocks down as focus turns to payroll figures
BusinessWeek
"Ignoring the specifics of today's report, the larger theme of slower job creation should now be embedded," said Dan Greenhaus, chief global strategist at BTIG. For now though, the figures did little to alter the position in markets in the run-up to ...
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Greeks to vote in most critical and uncertain election in decades
Newser
By ELENA BECATOROS | AP | 6 hours, 42 minutes ago in Greeks head to the polls Sunday in their most critical _ and uncertain _ election in decades, with voters set to punish the two main parties that are being held responsible for the country's dire ...
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Greek election could push eurozone back into crisis mode
Financial Post
BRUSSELS – Overshadowed by the prospect of a Socialist win in France's presidential vote, the parliamentary election in Greece on Sunday carries far greater risks for the eurozone. Opinion polls show no clear winner emerging from the vote, ...
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Financial Post
Europe Elections, Jobless Claims in Focus for Coming Week
TheStreet.com
What's more likely to roil equities is the drama at the polls in Greece, where the population is frustrated with both the socialist and conservative parties. "That's why the Greek election is more important for the market because what you may see is a ...
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As the euro zone turns: More elections, more uncertainty
Globe and Mail
The great recycling of European politicians begins afresh on Sunday, when French and Greek voters go to the polls. Since the start of the financial and debt crises, 10 European governments have either fallen or been replaced. The latest victim was the ...
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Globe and Mail
Leaders fall in Europe crisis: Sarkozy next?
KEYC TV
Oil is now below $100 per barrel following a disappointing US jobs report and warnings of a weakening world economy. By DANIEL WOOLLS Associated Press French President Nicolas Sarkozy is widely expected to be kicked out of office in elections Sunday.
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UPDATE: US Dollar Surges Post-NFP on Euro-zone Rumors
ForexTV.com
As market participants digested today's nonfarm payrolls report, the US Dollar was sold off through the US cash equity open. However, on a bout of discouraging rumors out of the Euro-zone, the US Dollar surged, dropping the EURUSD to its lowest level ...
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UPI NewsTrack TopNews
UPI.com
ATHENS, Greece, May 5 (UPI) -- As Greeks head to the polls Sunday, they are expected to vote for smaller parties as a way of punishing mainstream parties, officials say. Mainstream parties such as right-leaning New Democracy and socialist PASOK are ...
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Greek election set to rock euro zone
Saudi Gazette
BY LUKE BAKER Overshadowed by the prospect of a Socialist win in France's presidential vote, the parliamentary election in Greece on Sunday carries far greater risks for the euro zone. Opinion polls show no clear winner emerging from the vote, ...
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Smith & Nephew Reports 3 Pct. Profit Growth
Memphis Daily News
“Our plans to progress the structural changes, additional investments and, of course, greater efficiencies, are now under way,” he said. “Throughout Smith & Nephew, at every level, there is a clear sense of direction, as we work to reshape the group ...
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The Emperor is Naked: David Stockman
Business Insider
Today it is nearly $3 trillion. Can it triple again? I do not think so. Worldwide it's the same story: the top eight central banks had $5 trillion of footings shortly before the crisis; they have $15 trillion today. Overwhelmingly, this fantastic ...
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Europeans bank on tourism for economic recovery
eTurboNews
"Although economic challenges remain, our tourism industry is back on track," said George Koletsos, Secretary-General of theGreek National Tourism Organisation (GNTO). "Life is going back to normal after last year's debt crisis." A recent report by ...
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eTurboNews
FXWRAP: Dlr Mixed After So-So Employment Data, Euro Slips
MNI News
By Dennis Pettit NEW YORK, May 4 (MNI) - The dollar racked up modest gains over the euro while losing ground against the yen Friday after the monthly US employment report left traders nonplussed. Euro-dollar was changing hands at $1.3087 in afternoon ...
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BNP Paribas SA Management Discusses Q1 2012 Results - Earnings Call Transcript
Seeking Alpha
As you know, we report them. This was essentially in line with the quarterly average of 2011, of course, if we exclude Greece. In the first quarter, as you noticed, we booked a significant deal in our deleveraging plan, namely the sale of 28.7% of ...
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Press digest
Times of Malta
It also highlights drought fears for the future as a report showed how the Mediterranean will bear the brunt of European climate change. The Malta Independent says the number of children in childrcare centre has tripled to 1500 since 2006.
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Nasdaq, S&P see worst week of '12
The Spokesman Review (subscription)
“Now that we got the jobs numbers out of the way, we can focus on other things, and Europe is still out there, with elections in Greece and France on Sunday,” said Scott Brown, chief economist at Raymond James. “Germany and France have been imposing ...
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