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Jul 26, 2011

GREECE News, Jul 26, 2011


Venizelos Says Greece Needs 'Less Expensive' State
Bloomberg
Venizelos, during a speech in Washington today, also said Greece needs “national unity.” He met earlier with US Treasury Secretary Timothy F. Geithner and said in a statement after the meeting that the two had “very positive” talks. ...
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Euro exchange rate today: Greece certain to default
Euro Exchange Rate News
"The euro initially weakened after Moody's cut Greece's sovereign rating by three notches to Ca, taking it one notch above the lowest possible rating. Currency markets had earlier made a volatile start to the week in after the latest round of ...
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Geithner pushes Greece on debt reform program. Wow
Globe and Mail
That, of course, would be the Greek debt reform and austerity program, now led by Finance Minister Evangelos Venizelos, who met Mr. Geithner today. According to the Treasury Department, Mr. Geithner welcomed Greece's progress, which is no doubt more ...
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Greek rescue is a pig in a poke
Montreal Gazette
In the Middle Ages, a common scam was to sell a cat in a bag while pretending it was a far more valuable pig, and today, Greece is hoping that a deal is better than a disaster. LONDON- A deal was better than a disaster. But last week's planned rescue ...
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The problem with bailing out Greece
On Line opinion
Rolling over Greece's debt at market rates today, which are above 16 per cent, would mop up the entire budget, an intolerable situation for a sovereign country, where willingness to pay, not ability, matters. Widespread prognoses that a Greek default ...
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S&P 500 Profit Pain Ends in Greece as Sales From Europe Drop
San Francisco Chronicle
The index retreated 0.6 percent to 1337.43 today as a political stalemate over raising the US government's debt ceiling intensified, spurring concern the nation will default. For the 128 S&P 500 companies that have posted quarterly results since July ...
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Lawsuit filed, hoping to nullify gay marriage
News 10NBC
This organization, which is based out of Greece, made national headlines today. The group known as, New Yorkers for Constitutional Freedoms, is doing all it can to turn around the state's decision to legalize gay marriage. Reverend Jason McGuire, along ...
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German consumer confidence falls
Irish Times
Worries about Greece's debt crisis dented German consumer sentiment going into August, a survey showed today, although it was conducted before euro zone leaders reached agreement on the matter last week. The forward-looking index of consumer morale by ...
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The EU must act on Greece today or risk a markets` crush?
(For Professional Advisers only) Legal & General provide a range of investment options including Asset Allocation, Cash, Equities, Fixed Income, ...
www.landginvestments.com/.../The-EU-must-act-on-Greece-to...

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