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Sep 17, 2011

GREECE News, Sep 17, 2011


Greece announces new property tax to contain 2011 deficit, says can achieve ...
Washington Post
The statement by Philipp Roesler, who is also economy minister, comes amid an unsourced reportin Der Spiegel weekly that Germany's finance ministry has been working up two different scenarios to accommodate a Greek default. ...
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UPDATE 1-Merkel coalition toughens tone on Greek bailout
Reuters
That would keep Greece going for a few more months until European parliaments approve newpowers for the European Financial Stability Facility (EFSF) rescue fund to give preventive credit lines to euro zone member states, buy bonds in the secondary ...
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FTSE live: market report - as it happened September 16, 2011
Telegraph.co.uk
Analysts remained cautious about France and Germany's ability to prevent a Greekdefault. Germany and France affirmed their commitment to keep Greece within the euro. Given we are not seeing much more than rhetoric at the moment, many people still ...
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Telegraph.co.uk
Rehn: trokia should finish Greek report by end-Sept
Reuters
"Over the last weekend, the Greek government took very important decisions that go a long way to meeting the fiscal target for this year," Olli Rehn told a news briefing. "It is now essential that they go all the way and convince their partners so that ...
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Greek, French, German leaders stress Greece is central part of eurozone in ...
Washington Post
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Gold prices rise on concerns about Greece's debt problems; other commodities mixed
Washington Post
By AP, Gold prices rebounded Tuesday on mounting concerns about how the Greek financial crisis could affect the European economy. Greece faces the prospect that it could run out of money if it does not get another round of bailout funds. ...
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EU Commission: Greek deficits far above forecasts
BusinessWeek
THIS IS A BREAKING NEWS UPDATE. Check back soon for further information. AP's earlier story is below. ATHENS, Greece (AP) -- Greek tax collectors and taxi owners have started two-day strikes to protest austerity measures and market reforms aimed at ...
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US stock indexes rise sharply on optimism that Greece will be able to avoid a ...
Washington Post
14, 2011, despite a downgrade of two of France's biggest banks, with traders hoping for some progress on Greece's debt crisis emerging from a teleconference later between the leaders ofGreece, France and Germany. By Associated Press, NEW YORK — A ...
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Roche Keeps Drugs From Strapped Greek Hospitals
Wall Street Journal
As of June 30 this year, Greek's state-financed hospitals had paid for just 37% of the €1.9 billion ($2.62 billion) worth of drugs delivered by SFEE member companies in the 18 months to June, 2011, the organization said in a recent report. Greece's ...
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US STOCKS-Futures gain on Greek hopes; US data in focus
Reuters
By Angela Moon NEW YORK, Sept 15 (Reuters) - US stock index futures rose on Thursday after three days of market gains as investors welcomed signs that European leaders are committed to keeping Greece afloat for now. Investor sentiment was given a boost ...
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Greek Bond Swap Participation Reaches 82% - Report
Wall Street Journal
Pension and insurance funds also hold sizeable portfolios of Greek government bonds. In July, European leaders agreed to a new EUR109 billion aid program for Greece to cover its financing needs for the next several years. Central to the Greek plan is a ...
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Dollar up as Europe news adds to worries
MarketWatch
That may mean Greece has won't get the next loan disbursement on schedule, said Richard Franulovich, senior currency strategist at Westpac. Concerns also remained about Finland's demand for Greek collateral in return for Helsinki's participation in the ...
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Finnish populist lawmaker suspended from group for inflammatory comments on Greece
Washington Post
By AP, HELSINKI — A Finnish opposition lawmaker has been suspended from his party's parliamentary group for suggesting that the Greek financial crisis should be solved with tanks. Jussi Halla-aho from the Finns party — formerly known as the True ...
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Greece default threats are real, but it can be averted
Northern Voices Online
A report about the Europe leaders making announcement on Greece that was later denied was followed by an un-sourced report that Greek, French and German leaders were to hold a conference call on Tuesday underpinned the move higher. ...
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Key suspect arrested in Greek match-fixing probe after months on run from police
Washington Post
By AP, ATHENS, Greece — The former chairman of Greek club Kavala has been arrested for alleged involvement in a match-fixing scandal after three months on the run. Poilce say Makis Psomiadis was arrested Thursday at a seaside home south of Athens on ...
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Hopes for progress on Greek debt support stocks ahead of talks between Greece ...
Washington Post
Following days of uncertainty in the markets as to whether Greece will get the next batch of bailout funds to say afloat beyond next month, Greek Prime Minister George Papandreou, French President Nicolas Sarkozy and German Chancellor Angela Merkel ...
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Aussie Falls 4th Day Versus Yen on Sentiment Data, Greece Debt
San Francisco Chronicle
Demand for New Zealand's dollar was curbed after government reports showed manufacturing volumes fell for the first time in three quarters and food prices declined. Losses on the South Pacific currencies were limited as Asian stocks rallied. "Now that ...
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Stocks: All eyes on Greece and inflation
CNN International
Monday: Investors will anxiously await Bank of America (BAC, Fortune 500) CEO Brian Moynihan's 9 am presentation at the Barclays investors conference in New York for any insights into the bank's plans. Tuesday: A report on August's import and export ...
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Canadian Stocks Rise as Support for Greece Offsets Retail Sales
BusinessWeek
French President Nicolas Sarkozy and German Chancellor Angela Merkel are “convinced” Greecewill remain in the euro area, according to a statement issued by Sarkozy after they spoke to GreekPrime Minister George Papandreou by telephone today. ...
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Treasuries Fall After Merkel, Sarkozy Signal Greece Commitment
BusinessWeek
Benchmark bond yields were 12 basis points from a record low as Greek Prime Minister George Papandreou pledged to meet deficit-reduction targets, according to statements from governments in Athens, Berlin and Paris. Treasury-market bets on inflation ...
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ADR REPORT-ADRs advance as bank shares rebound
Reuters
By Chuck Mikolajczak NEW YORK, Sept 13 (Reuters) - US-listed shares of foreign companies advanced on Tuesday as fears of a default by Greece ebbed on the belief a solution to the nation's debt crisis was still possible. After several days of selling, ...
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U.S. Stocks Decline as Greek Sovereign Debt Concern Increases
San Francisco Chronicle
"It's going to be dicey," Quincy Krosby, a market strategist for Newark, New Jersey-based Prudential Financial Inc., which oversees $883 billion, said in a telephone interview. "We may have gotten another reprieve with regard to Greece and an imminent ...
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Emerging Stocks Drop, Entering Bear Market, on Greece Debt Woes
BusinessWeek
“With the Greek drama yet to conclude and the market uncertain of the end game, risk reduction has been in full force,” analysts at BNP Paribas SA including Bartosz Pawlowski in London wrote in an e-mailed report. “The focus remains on developments in ...
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IMF: Fund Needs To Improve Debt Analysis; Greek Error An Example
Wall Street Journal
By Ian Talley Of DOW JONES NEWSWIRES WASHINGTON (Dow Jones)--The International Monetary Fund needs much more realistic analyses of the abilities of countries to pay their debts, IMF staff warned in a new report published Monday. ...
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PAOK Salonika 0 Tottenham Hotspur 0: match report
Telegraph.co.uk
The Greek side missed the retake Photo: GETTY IMAGES By Telegraph staff and agencies Tottenham Hotspur survived a frantic finish to leave the cauldron of the Toumba Stadium with a hard-fought point, after PAOK, having missed a retaken penalty, ...
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Telegraph.co.uk
Oil Rises to Highest Level in Almost 6 Weeks on Supply Forecast
BusinessWeek
7 that his country may not contribute to a second Greek bailout package if demands for collateral in exchange for new loans aren't met. Finland is at the center of a collateral dispute that threatens to stall Greece's second rescue package and ...
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Mid-Day Update: Stocks Rebound in Choppy Trade; Inventory, Eurozone Crisis Weigh
NASDAQ
German Chancellor Angela Merkel reportedly sought to ease fears over an imminent default forGreece. Reports note a conference call between Merkel, French President Nicolas Sarkozy andGreek Prime Minister George Papandreou. ...
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Default To Greece
Inside Futures
Paul Krugman of the New York Times is adding to the uncertainly by saying that, "Financial turmoil in Europe is no longer a problem of small, peripheral economies like Greece. What's under way rightnow is a full-scale market run on the much larger ...
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Investors Go Long Dollar, 1st Time Since July '10 - CFTC
Wall Street Journal
The dramatic shift came amid a sharp increase in bearish bets on the euro, which has been pummeled by Greek debt worries and now those of other euro-zone members, such as Spain and Italy. Other euro-zone members have pledged to support Greece, ...
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Australian And New Zealand Dollars Slide On Weak Equities
RTT News
Papandreou's call with Merkel and Sarkozy will be held after the Greek leader meets with ministers to discuss the progress of a five-year budget plan, reports said. Australia's benchmark S&P/ASX 200 index was down 68.80 points or 1.7 percent to 4003.90 ...
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German Bunds Slide Most in 8 Weeks; Greek Two-Year Notes Rise
Bloomberg
The ECB began purchasing Spanish and Italian bonds last month to curb a surge in yields as contagion from the debt crisis that engulfed Greece, Ireland and Portugal spread to the region's third- and fourth-largest economies. Economists say a report ...
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Sovereign, Bank Bond Risk Reach Records on Greek Debt Concerns
San Francisco Chronicle
Credit-default swaps insuring $10 million of Greek debt for five years now cost $5.8 million upfront and $100000 a year, up from $5.5 million in advance on Sept. 9, according to CMA. The Greeceswap level signals a 98 percent probability of default, ...
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Forex Exchange Morning Report
Action Forex
Risk markets took heart from a joint statement from the German and French leaders that they are 'convinced' Greece will remain in the euro area and that Greek fiscal efforts will restore calm to markets. That helped equity markets reverse a slump ...
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UK Stocks Extend Last Week's Fall Amid Greek Plight Concern
BusinessWeek
Greek Prime Minister George Papandreou, vowing to avoid a default and keep the country in the euro, approved new measures to help plug a budget gap as resistance builds at home and in Europe to extending more aid to the European Union's most indebted ...
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State Department issues latest Int'l Religious Freedom Report
EMportal
The US State Department on Wednesday made public its latest International Religious FreedomReport covering the second half of 2010, in which it ascertains, in the country chapter on Greece, that the Greek constitution and other laws and policies ...
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Some Actual Good News On Greece...
By Joe Weisenthal
Some Actual Good News On Greece. ... Now granted, it's only Saturday, but it certainly doesn't sound as though the big Greek default is going to happen this weekend, as people were freaking out about on Friday. Instead, Prime ... "good news" why must you report this (and all other items) from the perspective of the Long (wrong) Side just state Who, What, When, Where & Why. Reply. 10. 0. Flag as Offensive. esc on Sep 10, 7:49 PM said: Well, what did you bloody expect him to say? ...
Clusterstock
United Front Against Turkey - Beglitis | Cyprus News Report
By Sarah Fenwick
There is a new reality in the balance of power in the Mediterranean with a strong united front against Turkey comprised of the EU, the US, countries of the Eastern Mediterranean and Russia, said GreekDefence Minister Panos Beglitis ...
Cyprus News Report - Fast-breaking...
Roche Halts ... - Greece.GreekReporter.com Latest News from Greece
By Apostolos Papapostolou
Roche Holding halted delivering its drugs for cancer and other diseases to some state-funded hospitals in Greece, the Wall Street Journal reported citing.
Greece.GreekReporter.com Latest...
XE.com - Rehn: troika should finish Greek report by end-Sept
UPDATE 1-Nasdaq CEO says D.Boerse-NYSE deal could be unfair ... 'Over the last weekend, theGreek government took very important decisions that go a long way to meeting the fiscal target for this year,' Olli Rehn told a news briefing. 'It is now essential that they go all the way and convince their partners so that they can expect a decision to be taken by the euro area and the IMF in time before the next hurdles of financing will emerge,' he said, adding that the situation would be ...
XE Forex News
ekathimerini.com | On rubbish, the 'Elgin Marbles,' 'Turkish bullying ...
Latest news, sport, business, comment, travel, gastronomy, community analysis and reviews from the ekathimerini. ... I assume the effect on German factories will be rather small if Greece were to stop buying German products now, while the effect on German companies working and producing inGreece while providing jobs for around 20000 employees would be rather big. Sebastian Schroeder ...Strikes and protests, every other news report from Greece is about strikes and protests. ...
ekathimerini.com : Latest News
State Department Religious Freedom Report on Greece | Athens News
Athens News is Greece's oldest English-language newspaper and offers ... public its latestInternational Religious Freedom Report covering the second half of ...
www.athensnews.gr/portal/1/47336
Greek cabinet discussing deficit-cutting measures ... - Maktoob News
Greek media report that the cabinet is discussing extra measures, including new taxes, in order to meet the 2011 deficit targets agreed with Greece's lenders. Papandreou was set to ... Register nowand start winning! http://www.yallabid. com/ ...
en.news.maktoob.com/20090001047368/.../Article.htm
THAT WAS FAST: Now The Dutch Are Denying Reports Of ...
“Greater Greece” as patriots hoped after World War I ... News) said it had internal sources in the Ministry of Finance, who told them this news. ... LIVE: The Latest ...
www.businessinsider.com/headlines-coming-out-dutch-finance...
Express.co.uk - Home of the Daily and Sunday Express | UK News ...
UK News :: Shares plunge again as fears soar over Greek debt - Breaking news ... Read the latestcolumn now ... Worries over the eurozone and the probability of Greece defaulting on its debts, overshadowed the eagerly-awaited report from ...
www.express.co.uk/.../Shares-plunge-again-as-fears-soar-over-...
Greek tax, customs workers and taxis on strike - Yahoo! News
Read 'Greek tax, customs workers and taxis on strike' on Yahoo! News. ... and power workers vowed to sabotage a new emergency property tax aimed at plugging a budget gap ... Associated Press writer Raf Casert in Brussels contributed to this report. ... Now Germany is going to be on the receiving end of the "Greek Way". ...
news.yahoo.com/greek-tax-customs-workers-taxis-strike-0718...
French, Greek, German leaders discuss Greek crisis - Maktoob News
Greece says the leaders of Greece, France and Germany have stressed during an emergency ...THIS IS A BREAKING NEWS UPDATE. ... Yallabid- Online Auction Bid Now & Save Up to 99% OFF on Retail Prices Get Free bids, iPhone, iPod Touch, IPad, ... products are brand New and at the guaranteed lowest prices ! ...
en.news.maktoob.com/20090001057640/.../Article.htm
Europeans ready new Greece talks as markets see ... - Yahoo! News
Read 'Europeans ready new Greece talks as markets see-saw' on Yahoo! ... Markets cheerednews that German Chancellor Angela Merkel, French ... While Italy confirmed reports that Finance Minister Giulio Tremonti had met the head of ... the Greek government has hopefully seen the writing on the wall and is now doing ...
news.yahoo.com/europeans-ready-greece-talks-markets-see-sa...
Debt-Ridden Greece 'Integral' Part Of Eurozone - Sky News
Nicolas Sarkozy, Angela Merkel and Greek prime minister George ... one, the IMF said, but was held to update board members of the ...
news.sky.com/home/article/16069048
Greece: Who's at most risk? | AOL News
As Greece, France and Germany discuss ways to contain the spiralling debt crisis and prevent ...we take a look at which countries will get slammed the hardest if Greece goes bust. ... If you think a comment is inappropriate, you may click to report it to our monitors for review. .... Now its 80%. ...Latest News; Most Commented ...
news.aol.co.uk/2011/.../greece-on-the-brink-whos-at-most-risk...
UTV News - Greece hears upbeat assessment by EU
Horst Reichenbach, head of a new EU taskforce for Greece, says he is impressed with government's will to ... Subscribe to the News Feed Newsback to News ...
www.u.tv/articles/article.aspx?cat=News&guid...9227...

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