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Jun 21, 2011

GREECE LATEST News, Jun 21, 2011

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WORLD FOREX: Euro Gains On Expectations Of Stable Greece Government
Wall Street Journal
"Nothing can be taken for granted in the rarefied atmosphere pervading Greece (riots, mass strikes, etc.), but the omens so far look good," said Willie Williams, director of FX institutional sales at Societe Generale. In addition, with the euro able to ...
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Greece: vote of no confidence in government - live blog
The Guardian (blog)
I'll be following the situation in Greece in the lead up to the confidence vote in George Papandreou and his government - happening at 10pm. The Greek prime minister is stuck between a rock and a hard place, between trying to secure a further loan from ...
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US 10-Year Notes Drop for Third Day as Greece Concern Eases
BusinessWeek
By Cordell Eddings June 21 (Bloomberg) -- Treasury 10-year notes fell for a third straight day in the longest losing streak since March on speculation Greece's government will survive a confidence vote and proceed with efforts to contain its debt ...
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Greece's Debt Woes Risk Hindering Drug Supplies
Wall Street Journal
By JACOB GRONHOLT-PEDERSEN And STEN STOVALL Greek hospitals face dwindling supplies of medicines because Greece's debt-laden government has fallen so far behind on payments to foreign pharmaceutical companies that they are withholding delivery of some ...
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Greek PM faces crucial confidence vote
Forbes
By ELENA BECATOROS and DEREK GATOPOULOS , 06.21.11, 05:21 PM EDT ATHENS, Greece -- Greece's prime minister was gambling his government's survival and the danger of a devastating debt default on a Tuesday night confidence vote aimed at helping him ...
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Canadian Stocks Rebound On Greece Hopes -- Canadian Commentary
RTT News
(RTTNews) - The Toronto stock market was sharply higher Tuesday as traders picked up stocks from across most sectors expecting that Greece's government would earn a vote of confidence from Parliament. The S&P/TSX composite index ran ahead 205.62 points ...
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French PM: Ready To Help Greece If It Keeps Up Effort
Wall Street Journal
By Gabriele Parussini Of DOW JONES NEWSWIRES PARIS (Dow Jones)--France remains determined to help Greece out of its debt crisis, but the government in Athens must continue its efforts to shore up public finances and increase competitiveness, ...
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Equities buoyed as fears ease over Greece
Financial Times
But there were still some nerves ahead of a critical vote of confidence by Greece'sparliament in the country's revamped government. This hurdle must be cleared before the government can win approval for further austerity measures, required for the ...
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Gold Gains Ahead Of Greece Vote
RTT News
Markets expect that Greece's government is hours from a vote of confidence, easing its debt crisis. Gold for August delivery added $4.40, to $1546.40 an ounce on the Comex division of the New York Mercantile Exchange. Gold has traded between $1500 and ...
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Stocks jump on hopes for Greece
MSN Money
By Charley Blaine on Tue, Jun 21, 2011 12:46 PM A vibrant rally in technology, energy and metals stocks erupted today as investors appeared confident that Greece's government would survive a no-confidence vote and were willing to snap up bargains. ...
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Canada rises on Greece optimism, commodities
MarketWatch
“This renewed enthusiasm appears to be due to speculation that Greece's governmentmay survive a non-confidence vote and work toward the new austerity measures required to access additional bailout funds,” said Colin Cieszynski, market analyst at CMC ...
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ADR Report:Shares Up On Hopes Greece Will Survive Confidence Vote
NASDAQ
By Matt Jarzemsky, Of DOW JONES NEWSWIRES NEW YORK -(Dow Jones)- International companies trading in New York closed higher Tuesday, in line with the broader market, as shares were buoyed by hopes that Greece's government will survive a crucial ...
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Protesters gather as Greece awaits confidence vote
ABC Online
By Europe correspondent Rachael Brown and wires Protesters in Greece are making their voices heard as the government prepares for a critical vote of confidence in a few hours' time. Riot police are outside parliament on standby for violent clashes as ...
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ADR Report:Shares Up On Hopes Greece Will Survive Confidence Vote
Fox Business
By Matt Jarzemsky NEW YORK -(Dow Jones)- International companies trading in New York closed higher Tuesday, in line with the broader market, as shares were buoyed by hopes that Greece's government will survive a crucial confidence. ...
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Euro up slightly after Greek PM wins confidence vote
Reuters
NEW YORK, June 21 (Reuters) - The euro rose on Tuesday after Greece's governmentsurvived a late night confidence vote, though traders said fear that parliament may next week vote down a package of unpopular reforms could limit the currency's gains. ...
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Gold Grinds Higher as Greece Remains in Focus
Wall Street Journal (blog)
And they see plenty, the biggest being strike-addled, debt-ridden Greece. Thegovernment faces a confidence vote later today, but even getting over that hurdle won't mean much. Athens still has to figure out how to (someday) cover its mountain of debt ...
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European Shares Jump Ahead of Greek Vote
Wall Street Journal
By ANDREA TRYPHONIDES And SIMON KENNEDY European stocks rose sharply on hopes Greece's government would survive a confidence vote later Tuesday, while Nokia got a lift after unveiling its latest smartphone and BP climbed after announcing a settlement ...
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MARKET COMMENT: BP, Nokia Lead Gains For European Stocks
Wall Street Journal
By Simon Kennedy LONDON (Dow Jones)--European stocks ended sharply higher Tuesday, booking gains on hopes that Greece's government will survive a crucial confidence vote, with Nokia Corp. trading up after unveiling its latest smart phone and BP PLC ...
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Why Greece needs another 110bn euros
BBC News
But even so, Greece continues to borrow, at a rate of more than 20bn euros a year, because of a deficit (the gap between what the Greekgovernment spends and what it brings in from tax revenues) which is running at 10% of GDP every year. ...
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Greek deputies vote in crucial confidence motion
Seattle Post Intelligencer
Communist party affiliated protesters march during a rally against the government'slatest austerity measures and plans to sell off state enterprises in central Athens, Saturday, June 18, 2011. Greece has seen near-daily protests against the ...
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As Greece teeters, Germany's Merkel caught between pleasing voters and ...
Washington Post
Now, any participation of private creditors in a second bailout expected to total around the size of Greece's first at around €110 billion, will be on a voluntary basis. “Thegovernment has again and again drawn lines in the sand, ...
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Canadian Dollar Rises on Boost in Risk Demand Before Greece Vote
BusinessWeek
“It's the bigger-picture story on Greece today that's holding dollar-Canada in check.” Statistics Canada also said today its index of leading economic indicators rose 1 percent in May, twice the pace forecast by economists. Canadian government bonds...
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Sea tourism investment opportunities for Greece, Eastern Med and Black Sea
Travel Daily News International
While the leaders of the European cruise industry welcomed the government'scommitment they underlined cruising is founded on stability. Planning is made some 24 months in advance and this depends on a sound framework. “We need Greece to have a stable ...
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US stocks rally ahead of Greek vote
TheBull.com.au
US stocks closed higher on Tuesday amid hopes that Greece's government would survive a confidence vote, a crucial first step in defusing the country's debt crisis and stabilizing Europe's finances. US stocks closed higher on Tuesday amid hopes that ...
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All together now
Manitoban
The government of Greece, pushed by the European Union and the International Monetary Fund, has imposed tough austerity measures upon the Mediterranean nation. Sales taxes have gone up, wages have gone down, as has government spending. ...
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Asia Stocks Snap Four-Day Drop, Euro Gains as Juncker Eases Greek Concerns
Bloomberg
Speculation that Greece's government will survive the confidence vote helped push down US bond prices. Treasuries strengthened slightly after the International Monetary Fund said in a report that Spain's efforts to repair its economy are “incomplete” ...
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Mexico Stocks End Higher As Blue Chips Rise On Hope For Greece
Wall Street Journal
By Laurence Iliff MEXICO CITY (Dow Jones)--Mexican stocks closed solidly higher Tuesday as depressed heavyweights made gains on hopes that the Greek governmentwould get enough support from parliament to tackle the nation's sovereign debt problems....
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EMU is Not Being Cooked in Greece
Business Insider
The Greece government survives the vote of confidence and gets its austerity plan through parliament. The EU and IMF free up the next tranche of funds. The fifth under last year's program, then what ? Then officials turn their attention to a package ...
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Markets News Tuesday: Greek government faces vote of confidence ...
Irish/Ireland Business News, Internationa, Global, World, European Union, Financial Information - Irish Finance and Business Portal - providing Irish, European and global market information including mortgages, pensions, investment, ...
Finfacts Ireland Business & Finance...
Europe: Lord Stirling's News Blog EUROPE
By Lord Stirling
They are keeping the world in boom and busts cycles, including the current new Global Depression, and usurping governmental roles to do so. Stirling. Europe gives Greeceultimatum: Austerity for loans ~ link ~ This austerity is economic ...
Europe
Greek PM faces crucial confidence vote « Artesia News
By admin
Greek Prime Minister George Papandreou faces a crucial parliamentary vote of confidence in the new cabinet he formed to face down increasing opposition to austerity measures needed to avoid a national debt default. ... If Prime Minister George Papandreou's new government fails to get the necessary Parliamentary support in a midnight vote Tuesday, it would throw into question whether it can pass a new austerity bill by the end of the month as demanded by international ...
Artesia News
ekathimerini.com | EU increases the pressure on Greece
As Greece's international creditors ramped up the pressure on the government to win a confidence vote in its new Cabinet, due on Tuesday night, and to push a new raft of austerity measures through Parliament next week, Prime Minister ...
ekathimerini.com : Latest News
Greece Confidence Vote Nears, As Protest Turns To Riots
By The Huffington Post News Editors
HuffPost's QuickRead... Loading... HuffPost's QuickRead... Loading... BIG NEWS: Iran; Middle East Protests; Japan Earthquake; Pakistan; Taliban. Smarter Ideas More ...Facing ongoing budget shortfalls, Greece's government must impose more spending cuts and tax hikes by the end of the month if it is to receive the next installment from its €110 billion international bailout in mid-July -- just in time to avoid a default. If parliament approves the €28 billion ($39 billion ...
The Full Feed from HuffingtonPost.com
Greek Leader Makes 'Take It Or Leave It Proposal' | KOSU Radio
By KOSU News
In any democracy, governments can lose power following a popular vote. But under the parliamentary system, governments can vote to strip themselves of power. That's the dynamic behind Tuesday's confidence vote in Greece. In order to keep bailout money coming in ... For two hours every weekday, All Things Considered hosts Robert Siegel, Michele Norris and Melissa Block present the program's trademark mix of news, interviews, commentaries, reviews, and offbeat features. ...
KOSU Radio
Greek PM faces crucial confidence vote
Associated Press. ATHENS, Greece (AP) - Greece's prime minister was gambling hisgovernment's survival and the danger of a devastating debt default on a Tuesday night confidence vote aimed at helping him passing deeply disliked ...
Las Vegas News from 8NewsNow.com
Greece faces vote crucial to avoid default - IRN News
By Watson
(Reuters) – Prime Minister George Papandreou's cabinet faces a confidence vote late on Tuesday, the first of three tests the Greek government must survive to avert the euro zone's first sovereign default. The vote follows a euro zone ...
Global Markets Lifted On Hopes Greece Will Pass Confidence Vote
By The Huffington Post News Team
Greek Prime Minister George Papandreou faces a parliamentary vote of confidence in the new cabinet he formed last week. If Papandreou's new government fails to get the necessary Parliamentary support in a midnight vote, it would throw ...
Bailout on Huffington Post
BBC News - Greece: MPs begin voting on confidence motion
Greece's economic problems meant lenders started charging higher interest rates to lend it money. Widespread tax evasion also hit the government's coffers. ...
www.bbc.co.uk/news/business-13850580
As Austerity Anger Swells, Greece's Government Struggles - Yahoo! News
Prime Minister George Papandreou vows to stay in office, name a new cabinet and leadGreece out of the debt crisis. But will it satisfy Greeks and the ...
news.yahoo.com/s/time/20110616/wl.../08599207801100
16-Jun-11 News -- Greece's government nears collapse as euro ...
16-Jun-2011 - 16-Jun-11 News -- Greece's government nears collapse as euro crisis spreads through Europe - Generational Dynamics - Web Log.
www.generationaldynamics.com/cgi-bin/D.PL?xct=gd...
Greece prime minister to reshuffle government - World news ...
Greece's prime minister will form a new government on Thursday and seek a vote of confidence, he said Wednesday after street protests against his austerity ...
www.msnbc.msn.com/.../greek-prime-minister-reshuffling-go...
Papandreou to form 'new' Greek government - RTÉ News
Greek Prime Minister George Papandreou has said he will announce a governmentreshuffle tomorrow and seek a vote of confidence from his party.
www.rte.ie/news/2011/0615/greece.html
Greece in turmoil as Papandreou tries to salvage government ...
guardian.co.uk, UK and World news, User comments, Web ... Greece in turmoil as Papandreou tries to salvage government. PM concedes he is unable to muster ...
www.guardian.co.uk/.../greece-prime-minister-george-papand...
Greek government survives confidence vote - World - CBC News
The embattled government of Greek Prime Minister George Papandreou survives a crucial confidence vote.
www.cbc.ca/news/world/story/.../greece-austerity-vote.html
Government reshuffle as Greece gets desperate | euronews, world news
world news - Against a backdrop of violent anti-austerity protests Greek Prime Minister George Papandreou is planning a major government reshuffle as he ...
www.euronews.net/.../government-reshuffle-as-greece-gets-de...
As Austerity Anger Swells, Greece's Government Teeters ... - 4VF News
Even after the scuffles between police and anarchists erupted into clouds of tear gas on June 15, Giorgos Liolios did not leave Syntagma Square.
www.4vf.net/as-austerity-anger-swells-greeces-government-tee...
Leader of Greece will form new government | Detroit Free Press ...
The prime minister of Greece, struggling to ensure parliamentary approval for a crucial austerity bill, said Wednesday that he will reshuffle his cabinet ...
www.freep.com/.../Leader-Greece-will-form-new-government
WORLD FOREX: Euro Gains On Expectations Of Stable Greece Government
"Nothing can be taken for granted in the rarefied atmosphere pervading Greece (riots, mass strikes, etc.), but the omens so far look good," said Willie ...
online.wsj.com/article/BT-CO-20110621-712641.html
Dailymotion - Greece's Papandreou to Form New Government - a News ...
A day of violent protest against further austerity measures, Greek Prime Minister George Papandreou addressed the nation and announced he will reshuffle his ...
www.dailymotion.com/.../xjbpoi_greece-s-papandreou-to-for...
Papandreou to Form New Government in Greece | Europe ... - VOA News
Greek Prime Minister George Papandreou says he will form a new governmentThursday and immediately ask for a vote of confidence in parliament, ...
www.voanews.com/.../Papandreou-to-Form-New-Government...

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