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May 15, 2012

GREECE News, May 15, 2012

Greece Heads Toward New Elections
Fox Business
Greece abandoned a nine-day hunt for a government on Tuesday and called a new election that may hand victory to leftists who might cut the nation's financial lifeline, pushing it closer to bankruptcy and out of the euro zone.
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Greece calls new elections after talks collapse |
Reuters
By Lefteris Papadimas and Dina Kyriakidou | ATHENS (Reuters) - Greeceabandoned a nine-day hunt for a government on Tuesday and called a new election that may hand victory to leftists who might cut the nation's financial lifeline, pushing it closer to ...
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Greece Heads To New Elections After Coalition Talks Fail
Wall Street Journal
By Stelios Bouras and Jenny Paris ATHENS (Dow Jones)--Greece is heading to new elections after political party leaders failed to reach an agreement to form a coalition government following an inconclusive election May 6 that left the cash-strapped ...
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Greece to undergo new election next month after coalition talks collapse in ...
Washington Post
ATHENS, Greece — Greece is headed for another month of political paralysis ahead of new elections in mid-June, after party leaders on Tuesday failed to reach an agreement to build a coalition government. The protracted deadlock and the prospect of an ...
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Greece to hold new election, jolts euro markets
Reuters
By Dina Kyriakidou and Paul Taylor | ATHENS/PARIS (Reuters) - Attempts to form a government in Greece collapsed on Tuesday, jolting financial markets at the prospect that leftists opposed to the terms of an EU bailout could sweep to victory in a June ...
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Greece to hold fresh elections as unity talks fail
The Guardian
After a week of political high drama after inconclusive elections, feuding party chiefs acknowledged their inability to form a unity government on Tuesday, with several blaming Alexis Tsipras, whose Left Coalition party has taken Greece by storm.
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The Guardian
Greece to Hold New Elections, Pasok Leader Venizelos Says
San Francisco Chronicle
May 15 (Bloomberg) -- Greece will hold new elections after President Karolos Papoulias failed to broker a governing coalition following an inconclusive May 6 vote, raising concern it may exit the euro. The currency and euro-area stocks fell.
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Greece to Hold New Elections, Pasok Leader Venizelos Says
San Francisco Chronicle
May 15 (Bloomberg) -- Greece will hold new elections after President Karolos Papoulias failed to broker a governing coalition following an inconclusive May 6 vote, raising concern it may exit the euro. The currency and euro-area stocks fell.
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Markets drop as Greece heads to another election
BusinessWeek
By CARLO PIOVANO European markets fell on the news Tuesday that coalition government talks in Greece have failed after nine days of discussions, meaning the country is heading for another election next month. The worry is that the next round may lead ...
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Greece and the euro: What's next?
CNN International
By Chris Isidore @CNNMoneyInvest May 15, 2012: 8:03 AM ET NEW YORK (CNNMoney) -- Investors are getting increasingly worried about whetherGreece will remain in the eurozone. And they should. There are a series of upcoming events that could spell the ...
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Greece invites 5 parties to talks on new government
Fox News
ATHENS, Greece – Seeking to end a nine-day deadlock, Greece's president met Tuesday with five political party leaders in an effort to form a new government after inconclusive elections plunged the crisis-hit country into further disarray.
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Venizelos: Greece talks fail
BusinessWeek
Greek socialist leader Evangelos Venizelos says that Greece is going to new elections after talks produced no deal. He says "unfortunately, the country is heading again toward elections." Venizelos met on Tuesday with party leaders convened by the ...
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Why Greece Should Default and Leave the Euro
Forbes
Which is why Greece should default altogether on its debts and leave the euro. The standard mainstream solution for a country with Greece's problems is exactly that: if the debt is too much to pay then don't pay it. Better that some lenders lose their ...
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EU Tough On Greece As New Elections Loom
Wall Street Journal
By VANESSA MOCK AND TODD BUELL BRUSSELS—Germany's finance minister Tuesday insisted the terms of Greece's bailout agreement with the European Union and the International Monetary Fund can't be renegotiated, while his Swedish counterpart said the ...
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Germany Wants Greece In EMU, Insists On Troika Demands - Merkel Allies
Wall Street Journal
By Andrea Thomas and Beate Preuschoff BERLIN (Dow Jones)--Germany wants to keep Greece in the euro zone despite Athens heading for new elections, but the country must respect demands from international creditors regardless of the outcome of the new ...
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Greece to hold new elections after stalemate
CNN
By the CNN Wire Staff Athens, Greece (CNN) -- Greece will hold new elections in response to a political stalemate that left the debt-racked country unable to form a government, the office of President Karolos Papoulias said Tuesday.
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Greece calls new elections after talks collapse
Reuters
A second election is expected to produce a similarly divided legislature, but the balance of power is seen tipping towards opponents of the EU/IMF rescue and raising the likelihood of a coalition that reneges on the deal keeping Greeceafloat.
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New Elections for Greece as Talks Fail
Voice of America
Greece will hold a new election after coalition talks fell apart Tuesday. The fresh round of voting follows a May 6 ballot that failed to elect a clear winner. Political leaders have been scrambling for days to form various coalition governments, ...
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Voice of America
GLOBAL MARKETS-World stocks ease with euro on Greece worries
Reuters
Euro at four-month low vs dollar * World stocks edge down on Greece political pressures * Greek euro exit fears weigh on markets By Caroline Valetkevitch NEW YORK, May 15 (Reuters) - World stocks slipped and the euro fell to a four-month low against ...
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Greece calls for new election after attempts at forming new government fail
Christian Science Monitor
By Lefteris Papadimas and Dina Kyriakidou, Reuters / May 15, 2012 Head of Greece's Socialist PASOK party and former Finance Minister Evangelos Venizelos leaves the Presidential palace following a meeting with political leaders and the Greek President ...
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Christian Science Monitor
Greece fails to form unity government
Financial Times
By Kerin Hope in Athens and Robin Wigglesworth in LondonGreece is heading for a fresh general election after its political parties failed to form a national unity government because of opposition from the anti-bailout Syriza coalition.
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Financial Times
What will happen if Greece leaves the Euro?
CBS News
(Money Watch) So what happens if Greece repudiates its debt and leaves the euro? It would have a big impact beyond Greek borders, but no one is sure how big. Inside Greece's borders it could be the best, fastest way to rebuild the nation's economy.
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CBS News
Greece Starts Fresh Coalition Talks
Wall Street Journal
In a meeting with the heads of Greece's five largest political parties--conservatives New Democracy, socialists Pasok, Democratic Left, leftist's Syriza and nationalists Independent Greeks--Papoulias will discuss the formation of a technocrat ...
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Greece to get new elections; coalition talks fail
MarketWatch
By Stelios Bouras ATHENS -- Greece is heading to new elections after political party leaders failed to reach an agreement to form a coalition government following an inconclusive election May 6 that left the cash-strapped country deeply divided and ...
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MARKET COMMENT: European Stocks Drop On Greece Worries
Wall Street Journal
By Kim Hjelmgaard LONDON (Dow Jones)--European stocks ended deep in the red on Tuesday, as worries about Greece's political uncertainty and position in the euro overshadowed data showing that Germany's economy grew in the first quarter.
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Open Europe blog: No Good News From Greece
By Open Europe blog team
Today's negotiations in Greece on the creation of a government of technocrats have broken down. Talks will resume tomorrow morning, but only in order to appoint a caretaker cabinet which will remain in office until new elections take place ...
Open Europe blog
Greece euro exit to hit Spain and Italy hardest – experts — RT
By RT
Where the eurozone crisis heads will depend not on whether Greece leaves the union, but on how the situation in the region affects debt-troubled Italy and Spain, Aleksey Bachurin, head of Russian Cash Equity Trading at Renaissance...
News RSS : Today
Greece to Hold New Elections | FDL News Desk
By David Dayen
It's official: Greece will hold new elections after the various parties could not work out an agreement on a government after the Parliamentary vote.
Firedoglake
Greece Election Inconclusive, No Deal On Government: Report
By The Huffington Post News Editors
By Lefteris Papadimas and Dina Kyriakidou ATHENS, May 15 (Reuters) -Greece will hold a new election after politicians failed to form a government on Tuesday, nine days following an inconclusive vote, prolonging a political crisis that pushes it closer to bankruptcy and exit from the euro. After a third day of failed talks with political leaders, ... The Greek debt story is easily the most obnoxious news story of the decade. It is the exact same story every few months: "Greece is going to ...
The Huffington Post | Full News Feed
It's Official: Greece To Pay May 15 Bond Maturity | ZeroHedge
By Tyler Durden
Earlier, we reported on media speculation that this was a done deal. We now get confirmation.GREEK FINANCE MINISTRY TO PAY EU435 MLN BONDGREECE SAYS TODAY'S DECISION DOESN'T PREJUDICE FUTURE DECISIONS - no, ...
ZeroHedge
XE.com - EMERGING MARKETS-Latam currencies fall on Greece ...
Latin American currencies weakened on Tuesday, Brazil's real testing 2 per dollar for the second straight session, as Greece headed to new elections that could harden domestic opposition to its international bailout.
XE Forex News
Greeks apologise with huge horse
By Tim
Greeks apologise with huge horse. 15-05-12. THE nation of Greece said sorry to the European Union with a present of an enormous wooden horse. In theory these would still fit. Left outside the European Central Bank in the dead of night, the ...
The Daily Mash
War News Updates: Greece To Hold New Elections As Talks Collapse
By War News Updates Editor
A statement on Tuesday from the office of Greek President Karolos Papoulias have declared talks aimed at resolving the political crisis hanging over the debt-plagued country a failure. Socialist PASOK party leader Evangelos Venizelos says ...
War News Updates
TJX Companies quarterlies lead the charge against news from ...
By Jack Aubrey
In this article from our writer Jack Aubrey, he mentions the companies NYSE:HD, NYSE:TJX, NYSE:DKS as the hold-outs on a down market day, pulled into negative territory by news out of Greece. Stay informed with Oakshire Financial's ...
Oakshire Financial
IMF chief raises possibility of Greece's orderly euro exit | AAJ News
By Humair Rana
The head of the International Monetary Fund on Tuesday raised the possibility that Greece could leave the eurozone in an orderly fashion. “If the country's budgetary commitments are not honoured, there are appropriate revisions to do, which ...
AAJ News
BBC News - Viewpoints: What if Greece exits euro?
Experts give us their views on what would happen if Greece were to leave the euro.
www.bbc.co.uk/news/business-18057232
Greece Faces Big Debt Payment Tuesday: Now What? — Business ...
Greece has a 436 million euro principal repayment due Tuesday. So far, the ...News. Blog Posts. Videos. Current DateTime: 08:45:53 14 May 2012 LinksList...
www.cnbc.com/id/47419011
Greece to hold more coalition talks | World news | The Guardian
President to meet all party leaders as political uncertainty sends markets plunging amid fears of possible eurozone exit.
www.guardian.co.uk/world/.../greece-hold-more-coalition-talk...
Alexis Tsipras holds the cards in Greece | News | National Post
It's fair to say that “sexy” is not an adjective used to describe most Greek politicians.
news.nationalpost.com/.../greeces-most-powerful-man-former-...
Must See: Greece Explained In One Picture | ZeroHedge
We were going to do a caption contest out of this image, but unfortunately this is not funny. It is tragic. Many people will lose all their money, savings, livelihood, ...
www.zerohedge.com/.../must-see-greece-explained-one-pictur...
Greek leftists reject proposal for technocrat government - Yahoo! News
News: ATHENS (Reuters) - Greece's president will ask politicians on Tuesday to stand aside and let a government of technocrats steer the nation away from...
news.yahoo.com/greek-leftist-rejects-coalition-talks-07050589...
Europe in turmoil as France and Greece reject austerity - World ...
The French and Greek elections on Sunday were just a warning, Don Murray writes. What has become clear in Europe's austerity-driven crisis is that anger...
www.cbc.ca/news/world/.../f-vp-murray-europe-austerity.html
Eurozone can survive without Greece | Athens News
Some banks have raised estimates of the likelihood of Greece quitting the euro. But after a year of investors shedding bonds issued by highly indebted euro ...
www.athensnews.gr/portal/1/55396
Greece Gets Hint of Leeway From Euro Officials - Bloomberg
European governments hinted at giving Greece extra time to meet budget-cut targets, as long as the financially stricken country's feuding politicians put together ...
www.bloomberg.com/.../euro-chiefs-may-offer-leniency-to-gr...
Anti-austerity vote heralds instability in Greece | EurActiv
With about 95% of the vote counted, conservative New Democracy and Socialist PASOK, who have dominated Greece for decades and are the only two major ...
www.euractiv.com/.../anti-austerity-vote-heralds-instability-gre...

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