 Wall Street Journal Although he declined to give a precise forecast, Venizelos hinted that official estimates of a 3.8% to 3.9% contraction in Greek gross domestic product this year were "optimistic" and did not rule out an even sharper slowdown. "There are now a range of ... See all stories on this topic » | ||
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| Drugmakers take a hit on Greek bonds FiercePharma Greece paid Roche with a bond, too. The company sold it--at a discount of 26%, CFO Alan Hippe said. "[B]ut we have now the cash," Hippe said on a conference call last month, Bloomberg reports. "And cash is what counts. We are monitoring our exposure, ... See all stories on this topic » | ||
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| PIIGS Update: The Problem of Public Sector Obesity Seeking Alpha Judging from the rising yields on 2-yr Greek debt, Greece is very likely to default, and the likelihood of a significant default has only been rising in recent weeks. The prospect of a Greek default (which at this point would likely be equivalent to a ... See all stories on this topic » | ||
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| Another Brutal Day for Wall Street: Heightened Economic Fears Send Stocks Sliding Fox Business The Greek government is internally forecasting a bigger-than-expected contraction to economic growth, according to a report by Dow Jones, citing sources. The wider contraction will push the country's deficit higher, according to the report, ... See all stories on this topic » | ||
| Can the EU be saved? Macleans.ca Now that investors are demanding a risk premium, in the form of higher interest rates, before they'll even touch Greek, Spanish and Italian debt, the euro has lost much of its appeal. “If you're paying high interest rates inside the euro, ... See all stories on this topic » | ||
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| It's the second coming for the Greek economy Kathimerini Greece, 2011. It's as if Michelangelo's masterpiece has come to life as we seem to be witnessing the second coming, for the Greek economy at least. At the heart of developments, Eurogroup chief Jean-Claude Juncker and German Chancellor Angela Merkel ... See all stories on this topic » | ||
| Michael Lewis's ship of euro fools National Post Following his eviscerations of those who perpetrated the headshaking folly that led to the debacles in Iceland, Ireland and Greece, he turns his attention - in the September Vanity Fair - to Germany. His piece - It's the economy, Dummkopf! ... See all stories on this topic » | ||
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| Sports Briefs Daily Herald Reportedly, all games played by the Greek National Team will also be live on national TV in Greece. Reportedly, former Cougar Brock Reichner, who played for the Greek pro team Aris, helped the Cougars get the spot in the tournament. ... See all stories on this topic » | ||
| Food of the gods Ha'aretz In Greece the villagers would distill drinks seasoned with anise at home, but ouzo became the national drink only in the late 19th century. Until then the most common drink in Greece was retsina, the Greek equivalent of Italian grappa, ... See all stories on this topic » | ||
| 3 Crashes and Another Credit Crisis Seeking Alpha The chances of a full Greek default (a selective default with bondholders taking a 21% haircut was already part of the second bailout deal reached in July) intensified on Thursday. Finland insisted thatGreece provide a cash deposit equivalent to its ... See all stories on this topic » | ||
| Bonds Flag at End of Torrid Week Forbes Worries for a further collapse in already fragile investor confidence sent the yield on Greek debt skyrocketing to end the week. And while bond markets appeared to calm on Friday there werereports that the ECB was once again intervening to steady ... See all stories on this topic » | ||
| Americans take government for granted CNN (blog) So when a German sees a Greek who is evading taxes, his or her first reaction is not “These are fellow Europeans and we're all part of the same family and we've got to help them.” Their first reaction is “These shiftless Greeks aren't enough like the ... See all stories on this topic » | ||
| Simon Kennedy, Bloomberg News istockAnalyst.com (press release) KENNEDY: We're starting to see I guess people put a price on their assistance for Greece. Greekgovernment bonds falling (ph) this morning as Austria joins Finland in saying that it's going to ask the country for collateral in exchange for new ... See all stories on this topic » | ||
| Volatility hits temperatures of August 2008 Financial Times She compares Greek government debt to Lehman Brothers – both were initially considered small local difficulties relative to their wider sectors: Greece had €200bn of foreign-held central government debt, while Lehman's assets were $600bn. ... See all stories on this topic » | ||
| Has Relief Rally Ended Already? HoweStreet.com The international bailout of Greece ran into trouble Thursday when at least five euro-zone countries demanded that the Greek government provide them with cash as collateral for their contributions to the $157 billion bailout. ... See all stories on this topic » | ||
| William Urban: Witnessing the failure of the Euro Zone Galesburg Register-Mail In the early summer, when the Greek parliament had tried to cut expenses, leftists poured into the streets. Riots paralyzed Greece, usually the first stage of that nation doing something stupid. When ordinary Germans learned that Greeks retired well ... See all stories on this topic » | ||
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| World weather photos: Drought in spots, too much rain elsewhere KOMO News (AP Photo/Matt York) A stray dog rests in the shade as Greek Presidential guards perform at the Unknown Soldier's Tomb outside parliament in central Athens on Tuesday,Aug. 9, 2011. Greecesuffered sweltering heat Tuesday, with the temperature reaching ... See all stories on this topic » | ||
| Sri-Kumar: Europe in Recession in Next 6 Months Morningstar.com Sri-Kumar: Christine, I think there has been a lot of talk on the euro debt situation beginning with theGreek bailout on May 10. This is one more in the instance of conversations going on without getting much achieved, and one of the major decisions ... See all stories on this topic » | ||
| Start looking for bargains FXstreet.com But the ECB already ruled that it could accept downgraded Greek debt. The next step is wondering how much downgraded paper can the ECB take, and since it can't treat Italy, say, any different than it treats Greece, when do the ratings agencies ... See all stories on this topic » | ||
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| These Foreign Stocks Have Become Too Cheap to Ignore StreetAuthority Shares of Netherlands-based ING have been swept up in the chaos, recently taking a $440 million write-down against Greek government loans that have soured. Even with that write-down, ING managed to earn more than $2 billion in its second quarter ... See all stories on this topic » | ||
| COMPANIES AND INDUSTRIES Utility Products State-owned pipeline company Botas reportedly interested in Greece's DEPA. Reports in the Greekmedia speculate that state-owned pipeline company Botas is interested in acquiring a stake inGreece's natural gas company DEPA. The Greek government holds ... See all stories on this topic » | ||
| Charles Dallara, CEO, Institute Of International Finance istockAnalyst.com (press release) The deal that was reached on Greek debt is a solid deal. It will come together successfully over the course of the coming weeks. But the concerns are much broader than Greece. The concerns relate to the underlying fiscal challenges that are not being ... See all stories on this topic » | ||
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| Greek political rivals Papandreou and Samaras go way back ... Reporting from Athens—. Under pressure to solve Greece's financial crisis, beleaguered Prime ...an admission of what we've been saying all along: that the policy adopted until now has failed. ...Latest News; Most Viewed; Most Emailed ... www.latimes.com/.../la-fg-greece-politics-20110818,0,329073... |
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