Today: GREECE News, Sep 10, 2011

Search

ALS, Alexander Language Schools Franchise


Sep 10, 2011

GREECE News, Sep 10, 2011


GREECE: Here's The Latest, And Here's What's Next
Business Insider
I do understand the political difficulties the Greek government is facing are very serious, but that's not an argument to the outside world," said eurozone finance minister Jean-Claude Juncker in a WSJreport. - That's bad news for Greece, ...
See all stories on this topic »
Treasurys jump as Greece fears lure buyers
MarketWatch
The story has been corrected. NEW YORK (MarketWatch) — US Treasury prices rose Friday, extending weekly gains and pushing yields on the 10-year note back to record lows, as speculation about a possible Greek default drained confidence and led ...
See all stories on this topic »
GREECE: Now Here's What's Next
Business Insider
- Greece is looking at about 75% private sector participation for "voluntary" bond swap activities proposed in the second Greek bailout, according to Dow Jones. It has demanded 90% participation to go through with the deal. - Germany, the Netherlands...
See all stories on this topic »

Business Insider
G7 leaders scramble to reassure amid Greece worries
Globe and Mail
The Greek statement came shortly after the government of German chancellor Angela Merkel moved to set plans to shore up Germany's banks if Greece fails to negotiate the terms for its new bailout package, according to several reports. ...
See all stories on this topic »

Globe and Mail
RATE FUTURES REPORT: Key Rate Seen Rising On Greek-Default Fears
Wall Street Journal
Fears that Greece this weekend will declare default--a scenario described as "rubbish" by a Greekfinance-ministry official--added even more anxiety for investors already worried about a slowdown in the global economy. In addition, European Central ...
See all stories on this topic »
Exclusive: Greece must make up slippage to get more aid-sources
Reuters
But they also said some Greek politicians were playing dare with the euro zone, convinced the bloc would not let the country default and at the same time believing that austerity now would not bring improvement later, therefore it was not worth the ...
See all stories on this topic »
Greek Labor Union Sees 1 Million Unemployed By Year End
Wall Street Journal
ATHENS (Dow Jones)--Greece's private sector umbrella union GSEE said Thursday that 1 million Greeks will be jobless by the end of this year and called on the government to rethink its economic policies. In its annual report, the union's in-house ...
See all stories on this topic »
Greece's Recession Deepens
Wall Street Journal
The latest austerity plan followed fiscal measures gradually adopted since May 2010 when the country received an initial €110 billion EU/IMF bailout to stave off default. With many reforms taking effect this month, Greek public and private sector ...
See all stories on this topic »
French parliament approves 2nd Greek bailout, austerity measures to cut ...
Washington Post
By Associated Press, PARIS — France's lower house of parliament has approved a second European bailout for Greece and austerity measures to cut France's debts. The parliament approved changes to the 2011 budget allowing for the Greece aid. ...
See all stories on this topic »
Overcoming the Economic Crisis in Greece and Europe
EMportal
I request today that all interested parties cooperate with the Task Force, and with Greece. The time for real action on the technical assistance front to help Greece is right now. And I say to my Greekcounterparts, and friends, that this is a unique ...
See all stories on this topic »
Shares in Greece Soar, Up 8%
Wall Street Journal
At least for a day, the news was generally good for global shares, Italian and Greek in particular. The day's biggest European moves were in Greece, which remains under pressure from other euro-zone governments to address its budget deficit before it ...
See all stories on this topic »

Wall Street Journal
G-7 seeks to calm market fears on Europe, banks
MarketWatch
After the meeting, German Finance Minister Wolfgang Schaeuble dismissed a report by Bloomberg News that German officials were readying a plan to recapitalize German banks should their Greekholdings overcome balance sheets. Schaeuble insisted that the ...
See all stories on this topic »
Fear of Greece Leaving Euro Lingers Over Markets
CNBC.com
News reports have, of course, also played their part in fostering this uncertainty. A report in Der Spiegel in early May and in the Greek newspaper Daily Elefterotypia last week, indicated that the issue of a Greek exit had at least been discussed by ...
See all stories on this topic »
Greece, Israel sign pact on security cooperation
Jewish Telegraphic Agency
ATHENS (JTA) -- Greece and Israel signed a security cooperation agreement amid declining Israeli relations with neighboring Turkey. Greek Defense Minister Panos Beglitis, making the first official visit by a Greek defense minister to Israel, ...
See all stories on this topic »
Another week with the focus on Greece
FXstreet.com
In the euro area the focus once again is likely to centre on Greece, as the Troika (ECB, IMF and EC) will return to Greece and continue work on the fifth review of the Greek economy and public finances. In Switzerland the focus of attention is likely ...
See all stories on this topic »
Euro sell-off contintues as poor US payrolls reports reinforces investor fear
FXstreet.com
by KBC Market Research Desk - KBC Bank | View company's profile On Friday, EUR/USD remained under pressure and set a new correction low just above 1.42 early in European trade. Greece was again on the radar of the financial markets. ...
See all stories on this topic »
It's 'Time to Finally Let Greece Go': Strategist
CNBC.com (blog)
“The end point will come next week or the week after the at the latest, where Greece is hoping that they get the next tranche [of international aid], because if they don't, they realize they'll run out of money.” “All the money the [EU] is allocating ...
See all stories on this topic »
Security cabinet meets to 'contain crisis' with Turkey
Jerusalem Post
“We welcome the Greek Defense Minister and thanked the Greek government for their rapid assistance during the Carmel fire,” Barak said at the end of the meeting. “We're pleased with the strengthened relationship between Greece and Israel in all aspects ...
See all stories on this topic »
Waiting in the wings of a Greek tragedy
Financial Times
In this case that would be the ashes of the eurocracy's latest attempt at a resolution of the Greekfinancial crisis. In fairness, though, the late July document accomplished its unstated purpose: to allow official Europe, some senior bankers, ...
See all stories on this topic »
Greece struggling to leave the crisis behind
France 24
REPORT - Greece is struggling to leave the crisis behind. A Greek parliament expert commission even called the country's debt "out of control". One of the country's problems remains tax evasion. To stem the tide, the government is on the chase to track ...
See all stories on this topic »
Colombia Peso Posts Biggest Weekly Drop Since July on Greek Woes
San Francisco Chronicle
9 (Bloomberg) -- Colombia's peso fell, posting its biggest weekly decline since July, amid speculationGreece may default and deepen an economic slowdown. The peso followed global equities lower as German Chancellor Angela Merkel's government prepared ...
See all stories on this topic »
Greece supports Belgrade-Priština dialogue
B92
BELGRADE -- Greek FM Stavros Lambrinidis believes Serbia will become EU candidate by the end of the year, and calls for a continuation of the Belgrade-Priština dialogue. The dialogue, he told Belgrade daily Večernje Novosti, can help Serbia's EU...
See all stories on this topic »

B92
QE3: A world away from QE2....
FXstreet.com
German politicians spent Friday Greek-bashing after the collapse of the programme review. Patience is running out for the country, maybe Greece should explore its options: a report that Athens had hired a US law firm to handle its exit from the EU ...
See all stories on this topic »
Annual Economy Report
Macedonia Information Centre
The talks between Macedonia and Greece concern only the name in the English language in diplomatic communication, said mediator Matthew Nimetz in an interview with Kanal 5. He denied the allegations of the Greek paper Kathimerini, which reported in its ...
See all stories on this topic »
The Overnight Report: Europe Trashed
International Business Times AU
News that Greece had miserably failed to meet its 2011 bail-out targets on Friday, thus threatening the likelihood of a second, 2011 bail-out being organised, had European markets tumbling 3-4%. Little help was provided by the US jobs report. ...
See all stories on this topic »
The $200 million Greek island that Bill Gates and Qatari prince want
Al-Arabiya
Greece is also a popular destination for Qataris for tourism and business opportunities. According to a recent report in The Greek Reporter, the Prince of Qatar, Sheikh Hamad bin Khalifa Al Thani, along with his Prime Minister and Minister of Foreign ...
See all stories on this topic »

Al-Arabiya
Slovak FinMin seek strong conditionality for Greek aid
Reuters
Earlier on Tuesday, German Finance Minister Wolfgang Schaeuble said that Greece will not be able to receive another tranche of international aid if the "troika" report is not positive. (Reporting by Martin Santa, editing by Jan Lopatka)
See all stories on this topic »
MONEY MARKETS-Eurozone worries raise dollar funding costs
Reuters
A dispute over an Italian austerity package [ID:nL5E7K6130] and fraught talks over a second Greekaid package [ID:nL5E7K61TQ] heightened investor concern over the impact on the banking sector of a potential default in the euro zone. ...
See all stories on this topic »
Boost business over austerity, says Greek minister
EurActiv
The minister outlined his party's ambitions to boost Greece's competitiveness by driving exports, fast-tracking new laws to promote business, employing EU cohesion funds and attracting foreign investors. The Greek economy has recently become reliant on ...
See all stories on this topic »
Solar power offers a ray of hope to stricken Greek economy
Business Green
The proposal represents a further boost to Europe's solar sector after a new report from the European Photovoltaic Industry Association predicted that solar power would become as cost effective as coal power by 2020, with some regions achieving cost ...
See all stories on this topic »
NEWS ANALYSIS: The Greek in the mirror
Helsingin Sanomat
When Greece's worthiness for joining the eurozone was under assessment, the country met the criteria by embellishing the figures. In a few of the years it neglected to report its sizeable military expenditure, and sometimes the budgets did not include ...
See all stories on this topic »
Greece vows immediate job cuts
Financial Times
George Zannias, a senior finance ministry official, received a similar message at a meeting in Brussels of eurozone officials, according to Greek media reports. The troika has given the finance ministry a final opportunity to put in place a series of ...
See all stories on this topic »

Financial Times
Thank Europe For Friday's Market Upheaval
Seeking Alpha
Interestingly, rumors also warmed today regarding German planning for the protection of its domestic banks in the scenario of a Greek default. On Saturday, George Papandreou, Greece's prime minister, delivers a speech on the state of the Greek economy. ...
See all stories on this topic »
ADR Report-Bank, other ADRs bounce back; energy shares up
Reuters
Also, overseas Greek bank stocks surged as the government made a fresh promise to implement reforms demanded by its international lenders. US-listed shares of National Bank of Greece (NBG.N) advanced 8.4 percent to 90 cents. US-listed shares of energy ...
See all stories on this topic »
Why Gadhafi's demise may presage end of the euro
MarketWatch
All that has now come to an end. On Friday, the paper published what it called a “Titanic scenario” to illustrate a “worst case” outcome for monetary union, with Greece leaving the euro in April 2012, the German parliament turning down eurobonds and ...
See all stories on this topic »
German, Dutch Bonds Advance on Safety Bid; Italian Bonds Slide
Bloomberg
German Finance Minister Wolfgang Schaeuble said Greece won't get its next bailout installment unless it meets goals under the aid package. At a closed-door meeting in the week, he told lawmakers that the Greek government's budget reforms are failing, ...
See all stories on this topic »
Berlin Rattled by Italian and Greek Foot Dragging
Spiegel Online
Greece, they found, isn't doing enough to implement the massive austerity package passed in the summer. Even simple steps haven't been taken, the group, known as the "troika," complained. "If something isn't done immediately then no option will be ...
See all stories on this topic »

Spiegel Online
Greek banks rally after German court ruling
Irish Times
Greek banks rallied after the German court rejected challenges to the participation of Europe's largest economy in euro rescue funds. They were led by the National Bank of Greece which gained 7.9 per cent to €3. EFG Eurobank climbed 6 per cent to €1.23 ...
See all stories on this topic »
Weighing the Week Ahead: Parade of Government Speeches, U.S. And Worldwide
Seeking Alpha
Greek debt yields spiked as new payment fears arose. How about nearly 50% on a two-year obligation? Consumer Confidence plunged. This in line with the Michigan survey, and an important factor for future spending. The ECRI growth index dropped further ...
See all stories on this topic »
World markets drop on bad economic news
Winnipeg Free Press
The difference in interest rates between Greek and benchmark German 10-year bonds, known as the spread, spiralled to new records Monday, topping 17.3 percentage points. Yields on Greek bonds were above 18 per cent. Mario Draghi, incoming chief of the ...
See all stories on this topic »
Inflation ... - Greece.GreekReporter.com Latest News from Greece
By Apostolos Papapostolou
Greece.GreekReporter.com Latest News from Greece Greek News on Politics, Sports, Entertainment & Economy. News · Politics · Money · Life ... Greece's inflation rate dropped for a second month in August as retailers slashed prices during the summer sales season. The annual rate calculated using ... Using Greek methods, the rate was 1.7%. Greece now has the third-lowest inflation rate in the euro region behind Slovenia and Ireland, less than a year after it had the region's highest. ...
Greece.GreekReporter.com Latest...
Greek debt. The momentum is now “out of ... - Economics Newspaper
The momentum is now out of control Posted 01-09-11 at 06:53 to 12:39 Edited ... after a leak of undetermined origin, a new report by the Office of the State budget, ... of Greece, adopted 21 July by the EU, added the text according to the Greek ...
economicsnewspaper.com/.../greek-debt-the-momentum-is-no...
Greece rules out, for now, new austerity measures
Sign up, become my fan and join me in changing the face of online news! Select Friends Start ...Greece rules out, for now, new austerity measures. Athens : Greece ... This report's viewers come from the following countries: United States of ...
www.allvoices.com/.../10221732-greece-rules-out-for-now-ne...

Surrender the Heart (Surrender to Destiny)Alexander Dictionary of English Idioms: English-FrenchAlexander Dictionary of English Idioms: English-SwedishUnder the SunStealing Jake
Enhanced by Zemanta

No comments: