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Jul 10, 2011

GREECE News, Jul 10, 2011


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Prior Week's Lessons For Next Week: Seismic Shift In EU Debt Risk
Business Insider
No one trusts Greek officials to manage funds responsibly, and thus EU officials will be carefully monitoring Greek spending. Not surprisingly, after 6 sessions of gains on the assumption thatGreece was past its latest debt crisis, the EURUSD closed ...
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Credit rating agencies, IMF could push Greece, Turkey further together
Today's Zaman
Such remarks were reportedly approved of by Greek parliamentarians as they agreed that Turkey sets a good example for Greece when it comes to dealing with economic hardships. The Greekparliament approved the latest set of austerity measures on June 29 ...
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Turkey urges Cyprus peace deal by early 2012
The Associated Press
Ahmet Davutoglu said that a "new state" bringing together Greek and Turkish Cypriots would make a Cyprus EU presidency legitimate because it would represent the whole island. Responding to Davutoglu's remarks, Greek Cypriot government spokesman ...
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The Associated Press

Sweden Shifts Focus To Greek Debt Service
Wall Street Journal
Europeans have already imposed strict conditions on Greece in order to release the latestdisbursement of Greece's existing loan, or decide on a further aid package. Bending to pressure, the Parliament in Athens approved on July 1 a crucial five-year, ...
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Axe hangs over Wall Street bankers as US economy continues to struggle
Telegraph.co.uk
By Richard Blackden JPMorgan Chase releases its latest profits on Thursday, kicking off a round of earnings that will show the toll on Wall Street of a slowing US economy and the uncertainty created by the latest flaring of Greece's debt crisis. ...
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Telegraph.co.uk

Hamish McRae: The euro could survive Greece leaving, but not Spain and Italy
The Independent
The aim for all three bailed-out countries, Greece, Ireland and Portugal, was to be able to return to the public markets and raise funds there by 2012, or 2013 at the very latest. But all the actions taken by European political leaders have been ...
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David Frum: How Israeli lawyers stopped the second flotilla
National Post (blog)
Only one boat of all the flotilla vessels has managed to depart Greece: a Gilligan's Island-style motor yacht with nine activists aboard. Israeli vessels should be able to manage it without difficulty. On Thursday, an attempted “flytilla” was defeated ...
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'Rookie' model
Rochester Democrat and Chronicle
Rockwell always had plenty of photos taken before starting to draw — a method detailed in a newexhibit at George Eastman House. "Rockwell asked, 'Are you free to come to my studio this Saturday?'" recalls Safford, 73, a retired Greece salesman. ...
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Chicago Tribune Gail MarksJarvis column
istockAnalyst.com (press release)
Last week's stronger-than-expected manufacturing data helped allay those concerns, as did thelatest installment on Europe's bailout for Greece, and the Standard & Poor's 500 climbed almost 6 percent. It was the strongest weeklong rally since early ...
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The fate of Greece and Portugal in the hands of rating agencies
euronews
In this week's edition of Business Weekly, we focus on the latest decisions of Standard & Poor's and Moody's regarding Greece and Portugal. These moves, heavily criticized by euro zone governments and the European Commission, demonstrated once again ...
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euronews

Don't Miss Your Chance to Catch a Bull Market
Wall Street Pit
We received our first dose of clarity on the Greece sovereign debt issue and it looks like calamity has been averted. The Chinese government, which has been tightening policies to keep the country's economy from overheating, announced its third ...
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12 Reasons Markets Were Hot Until Yesterday's Jobs Report
Wall St. Cheat Sheet
1) Portugal may be the new Greece. Moody's cut Portugal's credit rating by four levels to Ba2, two notches into junk territory. Moody's says Portugal will need a second bailout, like the one currently being planned for Greece, before it can return to ...
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IMF agrees to give Greece $4.2b to save from debt default
The Nation, Pakistan
WASHINGTON (Agencies) — The International Monetary Fund approved just over $4.2 billion for Greece, the latest instalment of a rescue package aimed at helping the country pull back from an impending debt default. The move by the executive board had ...
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The Nation, Pakistan

Malaysian authorities fire tear gas, detain at least 924 at biggest political ...
Sierra Vista Herald
IMF agrees to give Greece $4.2 billion in latest rescue package installment. WASHINGTON (AP) — The International Monetary Fund approved on Friday just over $4.2 billion for Greece, the latestinstallment of a rescue package aimed at helping the ...
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Northborough resident brings home gold medal from Special Olympics
MetroWest Daily News
Colin Davidson of Northborough wears the medals he won at the Special Olympics in Greece. By Brad Petrishen/Daily News staff People will have to excuse Colin Davidson if they don't like the metallic, tinny timbre they hear when he strides by. ...
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FACTBOX-Latest developments in Libyan conflict
Reuters Africa
Traders said on Friday oil companies in the Mediterranean are seeking at least 70000 tonnes of jet fuel for delivery to Greece, Tunisia and Turkey, highlighting a rise in regional demand for the product and a standstill of exports from Libya. ...
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Nightly Business Report
American Chronicle
HUDSON: From American to European IOUs now, a new page in the debt crisis overseas. Moody's (NYSE: MCO) today cut its rating on Portugal to junk, with a negative outlook. Now Moody's (NYSE: MCO) fears that Portugal, like Greece, will have trouble ...
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UK-Style Austerity Trap
CountingPips
The chanting may be louder and the protests more violent but like Greece, the UK is suffering through its own austerity program. However, unlike Greece which is having restraint forced upon it in exchange for emergency funding from the European Union, ...
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State vs free market
Jamaica Gleaner
In the last couple of months, another fine publication has rolled off the scholarly press, which provides further ammunition to explode the myth of free trade and free market fundamentalism, which are now official economic dogma. ...
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Jamaica Gleaner

Another fugitive, another time
Tulsa World
They "kidnapped" Ross' yacht from Greece, he said, changing its name to "Joy Ging," Chinese for goodbye. They sailed the seas before moving to South America, where Ross owned a 20000-acre cattle ranch. He said that he later sold it, converting the ...
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Refusal to apologise strains Turkey-Israel ties
The National
Israel also sought the support of turkey's historical enemies, namely Armenia, Greece, Cyprus, Romania and Bulgaria in order to strengthen its position. Yet, Mr Erdogan is right in his demand; otherwise, he could lose the support of his people and his ...
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Can Ferrari rekindle their British Grand Prix glory days, 60 years on?
The Guardian (blog)
The chief designer is from Greece. We've always had a lot of engineers from the UK or other countries. Someone tried to steer it towards a sort of confrontational fight, the Italians versus the others, but I never took that as the most important thing. ...
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The Guardian (blog)

SDCC 2011: Saturday Comic-Con Schedule
MovieWeb
The brutal and bloodthirsty King Hyperion and his murderous Heraklion (Mickey Rourke) rampage across Greece in search of the long lost Bow of Epirus. With the invincible Bow, the king will be able to overthrow the Gods of Olympus and become the ...
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Israel challenged by publicity stunts
The National
... next "24 to 48 hours", a police spokesman said last night. Only weeks earlier, Israel faced another news frenzy surrounding hundreds of foreign activists who tried, and eventually failed, to sail into the Israeli-blockaded Gaza Strip from Greece. ...
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Comic-Con 2011: Schedule for Saturday, July 23rd; Includes Francis Ford ...
Collider.com
The brutal and bloodthirsty King Hyperion and his murderous Heraklion (Mickey Rourke) rampage across Greece in search of the long lost Bow of Epirus. With the invincible Bow, the king will be able to overthrow the Gods of Olympus and become the ...
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Collider.com

Beckhams eye Prince William as godfather
Sky News Australia
The Beckhams were guests at the April 29 royal wedding and Catherine is reported as being an admirer of Mrs Beckham's fashion range. William is already godfather to three, including Prince Constantine Alexios of Greece and Denmark, Tom Pettifer, ...
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Beckhams eye Prince William as godfather
BigPond News
The Beckhams were guests at the April 29 royal wedding and Catherine is reported as being an admirer of Mrs Beckham's fashion range. William is already godfather to three, including Prince Constantine Alexios of Greece and Denmark, Tom Pettifer, ...
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ekathimerini.com | E-banking flourishes in Greece, at last
An ever increasing number of bank clients use the alternative networks of banking products and services, as the number of people registered for electronic banking services expanded by 12 percent annually in the first half of last year. ...
ekathimerini.com : Latest News
US Taxpayers Just Paid $780 Million To Fund The Latest Greece ...
By V2A
22418http%3A%2F%2Fvisiontoamerica.org%2F2241%2Fus-taxpayers-just-paid-780-million-to-fund-the-latest-greece-bailout%2FUS+Taxpayers+Just+Paid+%24780+Million+To+Fund+The+Latest+Greece+Bailout+2011-07-09+12%3A40%3A50V2Ahttp%3A%2F% ...
Vision to America
US Taxpayers Just Paid $780 Million To Fund The Latest Greece ...
By jayfromeire
US Taxpayers Just Paid $780 Million To Fund The Latest Greece Bailout Tranche. Tyler Durden Zero Hedge July 9, 2011. (Prison Planet). The IMF is delighted to announce that it just approved a €3.2 billion disbursement of cash for Greece, ...
Sovereign Independent
Salonica Welcomes French Students Travelling in Legendary ... - Greece
By Anastasia Chaini
Salonica was their only stop in Greece and the International University welcomed them and held a talk titled “Economic crisis in Greece: Prospects for the New Generation.” Latest; People; Events; Tags; Subscribe ...
Greece.GreekReporter.com Latest...
Activist Post: US Taxpayers Just Paid $780 Million To Fund The ...
By Activist
US Taxpayers Just Paid $780 Million To Fund The Latest Greece Bailout Tranche. The WSJ provides a pretty chart explaining who is responsible for what: Zero Hedge The IMF is delighted to announce that it just approved a €3.2 billion ...
Activist Post
Greece: Struggle Grows Amid Police Violence, Government Panic ...
By blackandred
The Greek parliament defied huge popular opposition, including a 48-hour general strike, to pass thelatest set of extreme austerity measures demanded by the “troika” (the European Union, the European Central Bank and the International ...
Mostly Water
Read more - | Clarion Advisory
By Clarion Advisory
OK, how about we talk about Greece and the latest cash infusion the IMF jusft handed to the the failed EU state of humus and economic perdition, otherwise known as GreeceGreece getting bailed out by the IMF? ...
Clarion Advisory
Greece to receive next tranche of IMF loan | Finance News
By Sayan Guha
The International Monetary Fund's (IMF) executive board has approved the latest tranche of €3.2 billion (£2.8 billion) loan to Greece to help the country pay debts maturing this month and return to positive economic growth in 2012.
Finance News
Debtocracy in Greece takes over democracy (video included ...
By Protesilaos Stavrou
During the last big demonstration, police emptied more than 2800 teargas grenades, containing a chemical substance whose use is prohibited during war by the Geneva conventions. Amnesty International and the most important Greek medical ...
Protesilaos Stavrou
Prior Week's Lessons For Next Week: Seismic Shift In EU Debt Risk
By Cliff Wachtel
Greece's passing austerity measures demanded by the Troika in order to get the next bailout funds, followed by EU Finance Ministers agreeing over the weekend to release € 12 bln in new loans toGreece. A French plan for banks to ...
Business Insider
OpEdNews - Article: Greek Tragedy Goes Global
On July 4, his latest report is headlined, "Why the Great Greek Tragedy Has Barely Begun," saying: The likelihood of Greek debt default is much higher than ever, what Western governments and media won't explain until its debt bubble ...
RSS Feed for Most Popular in...
Greece's latest aid injection approved by eurozone finance ...
The threat of an imminent default was lifted from Greece as eurozone politicians signed off the release of a €12bn (£11bn) injection to the crisis-hit ...
www.telegraph.co.uk/.../Greeces-latest-aid-injection-approved-...
Eurozone split over new Greece bailout | Business | The Guardian
Dutch minister condemns French plan as 'illusory' as pressure now begins to build up on Portugal.
www.guardian.co.uk/.../eurozone-split-over-new-greece-bailo...
EU approves latest bailout payment for Greece - CNN.com
The European Union's finance ministers Saturday approved the disbursement of 12 billion euros (U.S. $17 billion), the fifth tranche of bailout funding for ...
edition.cnn.com/2011/BUSINESS/07/02/greece.../index.html
S&P Puts New Obstacle Greece's Path - WSJ.com
European efforts to forge a second bailout package for Greece involving private creditors ran into a fresh obstacle when Standard & Poor's rating agency ...
online.wsj.com/.../SB10001424052702304760604576424961...
IMF releases new funds for Greece - BBC
The International Monetary Fund (IMF) backs the latest 3bn-euro ($4.2bn; £2.6bn) ) installment of a rescue package for Greece.
www.bbc.co.uk/news/business-14090023
Whoops! S&P Warns That New Greek Bailout Plan Probably WOULD Be A ...
S&P Warns That New Greek Bailout Plan Probably WOULD Be A Default. Joe Weisenthal | Jul. 4, 2011, 7:58 AM | 3254 | 25. A A A ...
www.businessinsider.com/sp-warns-that-greek-rollover-plan-w...
Greece Welcomes Its New European Overlords - Juncker Warns "The ...
Check out the latest from the Capital Research Institute: "Greek Bailouts - For Bankers And Politicians". http://www.capitalresearchinstitute.org ...
www.zerohedge.com/.../greece-welcomes-its-new-european-o...
Greece Latest - CNBC
CNBC's Michelle Caruso-Cabrera reports on the latest details in Greece after a long day of rioting and a tough austerity vote.
video.cnbc.com/gallery/?video=3000030633
Israel's new friend: Why Greece is thwarting Gaza flotilla ...
Since last year's flotilla debacle killed nine Turkish activists, Israel has cultivated ties with Greece, offering the debt-ridden country generous military ...
www.csmonitor.com/.../Israel-s-new-friend-Why-Greece-is-th...
Greece: Parliament Backs Implementing Five-Year Austerity Plan ...
The Greek parliament has passed a second austerity law which was the final hurdle to receive vital bailout loans needed to stop it defaulting on its debt.
news.sky.com/skynews/Home/.../201106416021357
The Week in Europe - latest Greece updates - Story - World - 3 News
3 News Europe correspondent Melissa Davies on the week's news in Europe - the Greek riots and strike action in the UK. The Week in Europe - latest Greece ...
www.3news.co.nz/The-Week-in-Europe.../Default.aspx
NYT: S&P says Greece is at risk of default - Business - US ...
The New York Times. updated 7/4/2011 3:50:42 PM ET 2011-07-04T19:50:42. Share; Print; Font: +; -. Greece risks being judged in default on its debt ...
www.msnbc.msn.com/.../sp-greece-risk-being-judged-default/

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