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Jun 9, 2012

GREECE News, Jun 09, 2012


Euro 2012: Poland 1-1 Greece – as it happened
The Guardian
It's just as well, as the head of the Greek FA, Sophocles Pilavios, was recently forced to defend his decision to award Santos a 45% pay rise before the start of this tournament (he now earns €600000 per annum), a state of affairs that prompted ...
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Euro 2012: Salpigidis earns Greece a 1-1 draw against Poland
Toronto Star
The biggest game in the country's history was in the offing, and tens of thousands of fans were already out on the streets as the story was spreading. When it came time to start, the home support outnumbered the Greek visitors roughly 50-1 inside the ...
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Toronto Star
Euro 2012: Previewing the Opening Match Between Poland and Greece
Bleacher Report
Today marks a historic day for Polish football. Now slightly more than five years after they were chosen to co-host this tournament, Poland's national team will take to the pitch in Warsaw to take on Greece in the opening match of Euro 2012.
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Bleacher Report
Spain: Bank Bailout Decision Could Come Soon
NPR
There are concerns that anti-bailout left-wing party Syriza could become the largest party in the Greekparliament, putting the country's membership of the 17-nation eurozone at risk. "What we now crucially need is transparency and trust," said Andreas ...
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KHQ Right Now - News and Weather for Spokane and North Idaho | Spain: bailout ...
KHQ Right Now
2 killed by US drone in latest blow to terror network>> Al-Qaida's No. 2 killed by US drone in latestblow to terror network>> By DANIEL WOOLLS Associated Press MADRID (AP) - Spain could decide this month to ask for a bailout for its troubled banking ...
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Euro fin mins to discuss potential Spain rescue
Fox News
The latest report — from the International Monetary Fund — estimated that Spain needs at least a €40 billion ($50 billion) capital injection following a stress test it performed on the country's financial sector. That report came out early Saturday, ...
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The euro, the elite and the people
The Guardian
We write to support the ideals embodied by the Greek left (Report, 1 June) in the election of 17 June, which articulate the need for social and economic democracy under neoliberalism. We oppose international pressure on the people of Greece to cede ...
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Euro: Officials Scramble To Stabilize Spain Before Greece Returns
TheStreet.com
Transitioning from an open that was still feeling the withdrawal from Fed Chairman Bernanke's refusal to reassure stimulus expectations , the markets eventual moved on to reports that Spain would officially seek external support for its banking sector ...
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Spain: bailout decision could come this month
Boston.com
Deputy Prime Minister Soraya Saenz de Santamaria said the government would not act until it has received a raft of reports on how much money Spain needs to save its banks from collapsing under the weight of toxic loans. An International Monetary Fund ...
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Moody's tries to ruin our weekend, would have succeeded were it not already ruined
FT Alphaville (blog)
Now comes Moody's with a report warning that “recent developments in Spain and Greece could lead to rating reviews and actions on many of the euro area countries” — and offering a generally downbeat if less-than-original assessment of the euro zone's ...
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Live Commentary: Euro 2012: Poland vs. Greece
Sports Mole
Lewandowski handed Poland the lead in the first period, before Papastathopoulos was dismissed forGreece before the break. The Greeks equalised after 51 minutes courtesy of Salpigidis, but they missed a penalty through Karagounis after Szczesny had ...
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Spain stocks up on hopes for near-term bank rescue
MarketWatch
However, Deputy Prime Minister Soraya Saenz de Santamaria told reporters Friday that the government would make no decisions on any aid request before the results of various reports on Spanish banks were known. “The government has to respect the process ...
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Will The Euro Survive?
The Market Oracle
Despite the fact that there is a lot of speculation about Greece abandoning the single currency, we are of the view that the wealthy Greeks will not want to go back to the Drachma. After all, such a move will cause widespread wealth destruction due to ...
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Greek shipping stays afloat despite economic storm
The Australian
GREECE'S economy may be on its knees, but as evidenced in Athens at the world's biggest maritime trade fair this week, the global titans that are its shipping magnates are still standing tall - for now. "Shipping is an international industry,'' said ...
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Greek, Spain Problems Pose Risks To German Growth
NASDAQ
FRANKFURT--Germany's economic growth faces risks from Greece's possible exit from the euro-zone and Spain's deepening banking problems, the Bundesbank said Friday, revising its growth forecast upward for this year and downward for 2013.
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Eurozone crisis live: Spain set to request banking bailout on Saturday
The Guardian
With respect to Greece we've said that it is in everybody's interest for Greece to remain in the eurozone...The Greek people also need to recognise that their hardships will likely be worse if they chose to exit from the eurozone.
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The Guardian
Spain Doesn't Want a Bailout — Just Send Money. Now!
TIME
(Reuters reported on Thursday that the IMF report will recommend a $50 billion injection of funds for Spain; Madrid has not confirmed the claim.) Greek elections are on June 17, and the euro-zone finance ministers are scheduled to meet four days after ...
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TIME
E-Mini S&P 500: How long to amble in the channel?
Inside Futures
The last US Unemployment report came in at +69000 workers added when expectations were set for +150000. The US Unemployment rate is holding at 8.2 %. . Fitch's credit rating agency had restatedtoday that it may downgrade the US in 2013 if the deficit ...
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Europe equity trade hit afresh as Greek vote looms
Reuters
Worries over economic growth and contagion spreading from Greece to other peripheral euro zone countries have prompted many investors to flee stocks, further thinning a market already suffering under a longer-term slide in volumes as risk-conscious ...
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ARNewsline Report 1817 -- June 8 2012:
eHam.net
This, even though both Greece and Drobnika's home country of Germany are both signatories to the CEPT pan-European Amateur Radio licensing agreement. Even so, Greek news reports appear to indicate DJ6SI was actually arrested under a 1929 Greek law ...
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Debt crisis: Barack Obama demands action as eurozone leaders ponder Spanish ...
Telegraph.co.uk
US President Barack Obama has demanded that European leaders act “right now” as ministers in Brussels deliberate over whether to impose a bail-out on Spanish banks. By Louise Armitstead, and Bruno Waterfield In an impatient and forceful message, ...
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Crisis Makes Greeks Wait Even Longer for Pay
Wall Street Journal
But quality hasn't protected it from one of the most troubling trends of the country's economic crisis: a plague of late payments that threatens to drive Greeks deeper into an economic abyss. The hospital's 1150 employees, doctors included, ...
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Wall Street Journal
Euro Crisis: Spain Inches Closer to a Bank Bailout
TIME
The pressing question now is what form the financial intervention will take. Germany has openly pressured Spain to request a national bailout of the sort taken by Greece, Portugal and Ireland. Yet Rajoy, who argues that Spain has already done the hard ...
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TIME
EXCLUSIVE-Spain poised to request EU bank aid Saturday
Reuters
He added that an agreement needed to be reached before a Greek election on June 17 which could cause market panic and increase the threat of Athens leaving the euro zone if left-wing parties opposed to Greece's EU/IMF bailout win.
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Euro-Area Investment Drop Offset Export Gains in 1st Quarter
Bloomberg
Spanish industrial output had the biggest annual drop in more than two years in April and German production declined from the previous month, reports showed today. European economic confidence slumped to the lowest in 1 1/2 years last month.
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