Today: GREECE News, Jul 02, 2011

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Jul 2, 2011

GREECE News, Jul 02, 2011



EU confirms Greece getting more money
Boston Globe
Eurozone finance ministers confirmed yesterday that they would announce the release of an installment of $17.4 billion in aid for Greece today, buying the country time to avoid an immediate default. As part of the announcement, the finance ministers ...
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Greece is bankrupt
Malaysia Star
But Greece was not the only European economy that was living beyond its means and being pumped withill-conceived loans mainly from German and French banks. Greece is today insolvent. The EU's solution addresses only immediate funding needs, ...
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Malaysia Star
Greece stops Canadian boat from leaving for Gaza
CTV.ca
MONTREAL — A ship carrying Canadian protesters bound for the blockaded Gaza Strip has been prevented from leaving a port in Greece. Organizers say Greek coast guards boarded the ship today and attempted to arrest a Canadian passenger for refusing to ...
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CTV.ca
Euro zone to unlock Greek loans today as Sinn Fein claim rebutted
Irish Independent
By Donal O'Donovan LOANS to Greece are likely to be unlocked today when eurozone finance ministers hold a teleconference due to release billions of euros to the country. Ministers from the 17-nation eurozone had been scheduled to meet late tomorrow to ...
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Nothing Works in June as Greece Sends Stocks, Bonds, Dollar, Oil to Losses
Bloomberg
The Standard & Poor's GSCI Total Return Index of 24 commodities declined 5.3 percent, also prompting the first three-month slump since the period ended June 30, 2010. While Greece's approval of budget cuts and tax increases this week required to win ...
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Noonan to sign off on Greek aid package
RTE.ie
Finance Minister Michael Noonan will be among those signing off on the latest round of emergency aid for Greece today. Finance Minister Michael Noonan will participate in a conference call later today with 16 other colleagues from the eurozone during ...
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Brazilian Real Rises to the Strongest Level Since 1999 on Greece Outlook
Bloomberg
Brazil's industrial production rose 1.3 percent in May from April, and 2.7 percent from the year-ago period, the national statistics agency said today. “The Brazilian story is still pretty appealing,” Perez- Duarte said in a telephone interview. ...
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WORLD FOREX: Investors Vote Yes On Euro As Greece Worries Ease
Wall Street Journal
Greece's Parliament approved legislation implementing a crucial five-year, EUR28.4 billion austerity plan, giving the country a green light to receive fresh aid from its international creditors. "A lot of the price action today in the euro was driven ...
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EU Morning Report: The euro rebounds on expectations for further aid for Greece
International Business Times
By Markos Solomou | July 2, 2011 3:31 AM GMT The euro edged higher today on expectations for an agreement on financial aid and new austerity measures for Greece. Reports said that Germany appears willing to drop its push for a Greek debt restructuring ...
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Czech Stocks Have Best Week Since March on Greece, U.S. Industry
San Francisco Chronicle
Greece may receive as much as 85 billion euros ($123 billion) in a second bailout aimed at preventing default, an Austrian Finance Ministry official said today. "A temporary easing of the Greek debt crisis after Greece's parliament approved reform laws ...
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