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Nov 8, 2011

GREECE News, Nov 08, 2011


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Greece to name new premier today, official says
CBS News
Without the deal, which took Europe months to work out, Greece would go bankrupt, potentially wrecking Europe's banking system and sending the global economy back into recession. "I believe that we are now close to an agreement with New Democracy,"...
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Twin troubles Italy & Greece may see relief today: RBC Cap
Moneycontrol.com
Just when Greece was boiling too hot, the investor focus has now gone ahead and shifted to Italy. However, today being the d-day, Greece is likely to a new Prime Minister and Italy may have Silvio Berlusconi facing a proxy confidence vote, says Gustavo ...
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Gold futures: Prices rise, first over Greece, now over Italy
Christian Science Monitor
At the same time, political instability continued to roil Greece. The two main parties in that country were still trying to form an interim government that could impose austerity measures needed to avoid default. Copper prices fell on pessimism about ...
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Christian Science Monitor
Even Japanese scandals now carry Greek name
MarketWatch
By MarketWatch WASHINGTON (MarketWatch) — It's fitting that even when the Japanese are accused of fiddling with the books, it's with a Greek name. Asia Today: Olympus admits to covering up huge investment losses for decades after weeks of inquiry. ...
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Eurozone crisis: Now euro-elite move to gag national opposition parties
Daily Mail
It is what the euro-elite are forcing on Greece -- not that the euro-elite have asked the Greek voters, who cares what they think? Shut-up, Stavros, and do what you're told -- more, Juncker and Rehn insisted last night that the new government of ...
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Daily Mail
Papandreou Says Greek National Unity Government to Be Named Soon
BusinessWeek
Greece plans to pay lenders 50 cents for each euro the government borrowed under the terms of the bailout plan agreed at the Oct. 26 summit of European leaders and bankers. Its 4 percent notes due in August 2013 now trade at about 35 cents. ...
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It's All Greek To Me
FXstreet.com
As I wrote to one of my friends, every time I tried to put this issue to bed, more news came out of Greece that made it impossible to know exactly what to say. At this point, I am starting to feel like Sybil, the girl with 27 personalities (and now ...
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Greek leaders strain to agree on coalition
Timaru Herald
Rehn said after a meeting of euro zone finance ministers that Greece had breached confidence with the EU by calling the referendum. NowBrussels needed undertakings to release even the next €8 billion instalment of funding for Greece under its original ...
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Timaru Herald
Greece Hurts Société Générale
Wall Street Journal
SocGen, France's second-largest bank by market value, said its focus now is on hitting its capital ratio targets. It won't propose a dividend for 2011, which it said will reduce the amount of extra capital the European Banking Authority recently ...
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GLOBAL MARKETS:European Stocks Up;Company News Trumps Italy For Now
Wall Street Journal
... on Greece, the markets have moved their focus to Italy, "the reason behind fears of contagion and the singular event which Europe had been trying to avoid. The biggest domino in the debt crisis is now teetering," said Brenda Kelly at CMC Markets. ...
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Tiny Greece, big problems
National Post
And now, punching well above its weight, it may bring down the world economy. Or at least halt the world recovery. Talk about a blast from a country that's largely past it.Today Greece's superlatives are mainly in debt. The US Central Intelligence ...
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Greece: Euro rescue on the brink?
Aljazeera.com
So what do the Greek people want, having seen their country used almost as a sort of global punch bag? And are the banks past caring now about Greece? Have they in effect written off Greece already? Sir David Frost discusses with Prokopis Doukas, ...
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Why You Should Buy Greece
Smartmoney.com
It never looked back. The third reason to think about buying Greece now? It was Baron Rothschild, allegedly, who said "the time to buy is when there's blood running in the streets." I think anyone would admit Athens meets that description today. ...
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European markets to remain volatile for 3-6 months: BNP Paribas Wealth Management
Economic Times
For example in Greece right now, none of the banks have run into problem so far, they will now with a haircut. The government already has a stabilisation scheme of its own to recapitalise them. So at the very least we did not have any single Greek bank ...
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Attracted to Astoria Again
Wall Street Journal
"With the crisis in Greece now, there is an expectation that there will be a new wave of immigrants: younger, more educated immigrants looking for a future. The pendulum might swing back," Ms. Lekas said. George Alexiou, a real-estate agent and the ...
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Wall Street Journal
5 Ways Bailing Out Greece is Like Dealing with My Kids
Babble (blog)
According to my scant understanding of current events, the EU has apparently already bailed out Greece once. Like a tween at the mall,Greece now needs more money. If Greece defaults, there is a very real possibility it could flatten the entire ...
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Babble (blog)
'Greek quagmire may sink banking cartel'
Press TV
Press TV: Max, first of all, let's discuss the uncertainty about Greece. Where do you think Greece is headed now? Is it certain now that it will adopt the bailout package? Keiser: I think you have to take a bigger view and understand that going back to ...
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Press TV
EMERGING MARKETS-Latam stocks mixed as Italy, Greece eyed
Reuters
Nor is Greece out of the woods yet. That country's leaders are struggling to put together a national unity government to save Greece's finances and end the chaos threatening the euro. "We're now seeing a moment of definition," said Dany Rappaport,...
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Euro hanging in there while Italy and Greece still dominate the headlines
The Economic Voice
Meanwhile over in Greece the search continues for a new PM and we now have a few names in the ring (would take me ages to type them in full here!) with a decision probably due today. The EFSF auction yesterday went down with less enthusiasm than the ...
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Gold Set to Test All-Time Highs as Global Financial Leaders Stumble on Ways to ...
International Business Times
Italian 10 year bonds are now at 6.6% which is precariously close to the 7% level that prompted Greece to seek financial assistance from the ECB and IMF. Spot gold hit a new six-week high when it traded at $1795 an ounce and December gold ended the US...
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Summary Box: Late push sends Dow over 12000
BusinessWeek
By AP NOW ITALY?: Italy's borrowing rates spiked to the highest level since the country adopted the euro, causing worries that it could become the next to be get pulled into Europe's financial upheaval. PROGRESS IN GREECE: In Brussels, ...
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No EU deal on transaction tax - Noonan
Irish Times
European finance ministers today pledged to roll out a bulked-up rescue fund next month, leaving Greece and Italy on the front lines until then in the fight against the debt crisis. Greece was ordered to provide written acceptance of bailout terms in ...
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Irish Times
Grains digest MF Global, USDA, weather
Futures Magazine
Last week the trade was concerned about Greece and now they are pivoting their concerns to Italy. Italy's debt problems are a much bigger issue than Greece's as they are the third largest economy in the European Union. If its debt situation does not ...
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Now Nik targets Turkish delight
Glasgow Evening Times
He said: “We were all disappointed after the 2-0 defeat by Greece in Athens, but we must move on from that and focus on what we now have to do to reach Euro 2012. “We have two very tough games against Turkey and I think this is the hardest team we ...
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The 3 Biggest Reasons To Stay Out Of Bank Stocks
Seeking Alpha
It may be tempting, to a degree, to step into long positions on the banks now thatGreece's debt has been "contained" for the most part. The Eurozone debt crisis seems to be cooling off, and sentiment is rebounding. One can also see that the big banks ...
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Market news wrap
ABC Online
TICKY FULLERTON, PRESENTER: And now for a look at today's markets, I spoke earlier with Marcus Padley. Marcus Padley, the European focus swings from Greece to Italy now, but it has the same dampening effect on the local share market, hasn't it? ...
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Sharemarkets dance on Berlusconi's political grave
Ninemsn
The year is not yet over and we're already into our fourth major sharemarket crisis. This too shall pass, writes The Motley Fool. Greece was the word. Now Italy is the word. World sharemarkets remain in a heightened state of alert. ...
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Implications of Greek tax regime
eProp.co.za
Anyone commenting on the Greek debt crisis right now cannot know what the final outcome will be – but what is clear is that, with Europe set to endure a three to five year low or no growth period, the repeated advice by some to diversify property ...
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'Greece – European country, euro – a Greek word' — RT
By RT
Greek ministers offered their resignations to the premier on Tuesday, paving the way for a national unity coalition. RT gave people in Athens a chance to have their say about the mess ... Go to main page News 'Greece – European country, euro – a Greek word'. MORE ON THE STORY. Greek Prime Minister George .... “Because there is a lot of unemployment in Greece now, people in Greece are very skeptical about the euro. I think it's better that we are in the euro, of course, definitely. ...
News RSS : Today
In Turmoil, Greece and Italy Deepen Euro Crisis « News Hub Today
By NewsHubToday
Jock Fistick/Bloomberg News. Via. Giulio Tremonti, Italy's finance minister, left, and Jean-Claude Juncker, the Eurogroup head. Rates on Italy's debt have risen. ROME — With political turmoil still plaguing Greece and descending upon the ...
News Hub Today
Tuesday Morning Breakfast Links | Points and Figures
By Jeff Carter
There is a black market in organs now. Gary Becker did an academic study on it. I am an organ donor, and hopefully you are too. Maybe we should tax people that aren't? If all the Greece, and now Italian news seems to hit close to home ...
Points and Figures
XE.com - UPDATE 5-Greek leaders strain to agree Papademos-led ...
Greek party leaders laboured on Tuesday to agree on a new unity coalition led by a former central banker, with the rest of the nation and the EU clamouring for an immediate deal to save the country's finances and end the chaos threatening the ...STOCKS NEWS US-McMoRan call volume builds up as shares rise ... Now Brussels needed undertakings to release even the next 8 billion-euro instalment of funding forGreece under its original bailout package, pulled together last year. ...
XE Forex News
Greece Couple Killed By Suspected Drunk Driver - YNN, Your News ...
Greece Couple Killed By Suspected Drunk Driver | ... Your News Now. ... the names of a husband and wife from Greece killed in a hit and run crash Saturday. ...
rochester.ynn.com/.../greece-couple-killed-by-suspected-drun...
Gold futures: Prices rise, first over Greece, now over Italy
At the same time, political instability continued to roil Greece. The two main parties in that country were still trying to form an interim government that ...
www.csmonitor.com/.../Gold-futures-Prices-rise-first-over-Gre...
The Global Note: Greek Drama…Now Italy?…Iran ... - ABC News
EURO-MESS: NEW GOVERNMENT FOR GREECE; ITALY REELING; WHAT NEXT? -GREEK DRAMA…First, some good news – sort of: Greek Prime Minister ...
abcnews.go.com/.../the-global-note-greek-drama-now-italy-ira...
UTV News - After Greece's referendum bombshell, where now?
Kevin Featherstone:Decoding the news: Papandreou's decision to seek public backing for the EU deal has prompted more instability and an uncertain future for ...
www.u.tv/News/.../6b69b511-3264-4934-bb5f-82f3cf5f54a5
Economic crisis: Greece now, Italy next?
As one of the seven largest industrial nations in the Western world, Italy, along with debt-laden Greece, was a major topic at the recent G20 summit in ...
english.peopledaily.com.cn/90777/7638880.html
Osborne: unlikely Greece will exit euro now - Yahoo! News
Read 'Osborne: unlikely Greece will exit euro now' on Yahoo! News. LONDON ( Reuters) - Chancellor George Osborne said on Friday he thought it currently ...
news.yahoo.com/osborne-unlikely-greece-exit-euro-now-081...
Today's Market Primer: Greece News Is the Driver - TheStreet
News from Europe, particularly Greece, is driving the market Thursday.
www.thestreet.com/.../market-morning-greece-news-is-the-dri...
Dollar falls slightly awaiting Greek news | Adelaide Now
THE Australian dollar has dipped slightly awaiting further developments in the resolution of the Greek debt crisis.
www.adelaidenow.com.au/.../story-fn7kiehl-1226187700908
First Greece, now Republic of Ireland wants debts cut - World news ...
Greek debt will be slashed by €100bn as a result of new plans agreed at a crucial EU summit in Brussels last night.
www.belfasttelegraph.co.uk/.../first-greece-now-republic-of-ir...
BBC News - Today - 'It's not just Greece. It's a much deeper problem'
Harvard economics professor Ken Rogoff says that a Greek exit from the euro is " certainly not unthinkable"
news.bbc.co.uk/today/hi/today/newsid.../9630587.stm
Critical power-sharing meeting held in Greece | Business News ...
Greece's president is to convene a meeting between the country's embattled prime minister and the head of the main opposition party in an attempt to broker ...
www.bakersfieldnow.com/news/business/133325058.html
Greece must decide - now - National News - National - General ...
All of Greece must decide, quickly, whether to stay in the euro zone. The markets should have known this last week. They do now.
www.theherald.com.au/news/national/...must.../2345924.aspx
After Greece's referendum bombshell, where now?
The immediate future for Greece now looks very uncertain with several .... He is in the pocket of the banksters but the news being suppressed by the BBC and ...
www.guardian.co.uk/.../2011/.../greece-referendum-where-no...
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