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Aug 12, 2011

GREECE News, Jun 12, 2011


Euro Falls Before Factory Output, Greece GDP Data; Kiwi Slides
BusinessWeek
Industrial production in the euro area was unchanged in June after a 0.2 percent increase in May, according to a Bloomberg News survey of economists before a report from the European Union's statistics office in Luxembourg today. Greece, which is ...
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Greece-Free Banks Beat Global Peers by Most Since 2009: Australia Credit
Bloomberg
Australian banks have no investments in Greece, compared with $56.7 billion owed to French banks, according to data from the Bank for International Settlements as of the end of 2010. A second bailout for Greece in July failed to bolster investor ...
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Greek union launches privatisation lawsuit
Morning Star Online
by Our Foreign Desk Greece's main civil servants' union announced today that it will file lawsuits against the nominally Socialist government over its €50 billion (£44bn) privatisation programme. It branded the EU-IMF mandated fire-sale an act of ...
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Turkey Curbs Short-Selling After Bans in Greece, South Korea
San Francisco Chronicle
The Istanbul Stock Exchange raised the minimum cash or equity required to initiate a short-sale to 70 percent from 50 percent and said any violations could be met with "severe penalties," according to an e-mailed statement today. In a short sale, ...
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Crude Oil Drops From 4-Day High in New York, First Decline in Three Days
Bloomberg
Futures slid as much as 1.3 percent today, ending a two-day climb. Crude has traded from $75.71 a barrel, a 10-month low, to as high as $85.97 in intraday trading this week. Reports today may show manufacturing stalled in the euro region and Greece's ...
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European Stocks Rally the Most Since May 2010; Salzgitter Surges
San Francisco Chronicle
National benchmark indexes rose in every western European market except Denmark and Greece today. The UK's FTSE 100 Index increased 3.1 percent and Germany's DAX Index soared 3.3 percent. France's CAC 40 Index climbed 2.9 percent. ...
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A Free-Market Sovereign Debt Manifesto
The Market Oracle
I enjoyed an “off-the-record” private dinner several days ago with an ambassador representing one of Greece's closest allies. His experienced view on the Greek situation today probably parallels the opinion of most governments and the EU establishment, ...
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The Market Oracle
Ground breaking at Dewey Ave. Walmart in Greece today - Greece, NY ...
Greece Post - A groundbreaking celebration for the new Greece Walmart store on Dewey Avenue will take place today at 1 p.m. Greece town officials and ...
www.greecepost.com/.../Dewey-Ave-Walmart-in-Greece-to-op...

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