 Reuters It will show if Greece met conditions for the next 8 billion euro tranche of aid under the existing loan plan, without which it will default next month. Officials said that if Greek growth forecasts in thereport were revised down, Greek revenue ... See all stories on this topic » | ||
| Greece: Privatization target OPAP backs $1.2 billion license deal Washington Post By AP, ATHENS, Greece — Greek betting operator OPAP has agreed to pay the government €935 million ($1.273 billion) in a provisional deal to extend existing licenses for 10 years, through 2030, and set up a new video lottery terminal network of 35000 ... See all stories on this topic » | ||
| Germany Pushes Plan For Greek Debt Restructuring -Reports Wall Street Journal ATHENS (Dow Jones)--The German government is pushing a plan to restructure Greece's debt that would include up to a 50% loss to bond holders and new draconian budget measures imposed on the Greek government, local media report Sunday. ... See all stories on this topic » | ||
| Greek bond swap take-up nears 85 pct - paper Reuters As part of the deal, banks are meant to take a 21 percent haircut on their Greek government bonds. In a separate story, the newspaper wrote that the IMF and Greece discussed over the weekend the possibility of applying a haircut of 40 to 50 percent or ... See all stories on this topic » | ||
| Ernst & Young Says Greek Default Inevitable as Risk of Recession Increases Bloomberg “A default on Greek government debt now seems unavoidable. The key question is when this default will occur and how it will be managed.” European leaders have struggled to allay investor concerns that a potential debt restructuring in Greece will ... See all stories on this topic » | ||
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| Greek parliament passes crucial new property tax bill Washington Post By AP, ATHENS, Greece — Another 24-hour public transport strike has left commuters in theGreek capital struggling to make their way to work as unions lash out against austerity measures the government hopes will get it access to crucial bailout loans ... See all stories on this topic » | ||
| Merkel hedges bets on Greece as euro pressure builds Reuters "We are trying to avoid a Greek insolvency. But I cannot rule it out," the famously cautious chancellor was quoted by Bild newspaper as telling her coalition -- assuring them that voting a newEU bailout for Athens would not be wasted, but accepting ... See all stories on this topic » | ||
| UPDATE UPDATE 1-Scenario of coordinated Greek default needed-Slovak Finmin Reuters "We are now waiting for results of the IMF and EU inspectors. This should be the basis for a clear assessment whether Greece's position is sustainable, or whether bankruptcy and a write-off of part of the debt are inevitable and whether it will be ... See all stories on this topic » | ||
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| Greek parliament passes new property tax bill Sacramento Bee AP ATHENS, Greece -- Greek lawmakers approved a controversial new property tax Tuesday that aims to boost revenue as the country struggles to obtain a critical installment of international bailout loans that will prevent it from default. ... See all stories on this topic » | ||
| EU could give credit boost to Greek economy-report Reuters It is not in a condition to finance and support the growth that is so badly needed," said Reichenbach, the head of a 25-member team charged with drafting reports on Greece's progress on reforms that are the condition for its bailouts. ... See all stories on this topic » | ||
| Greek tax forces deputy PM to sell properties (he has 8) CTV.ca These are stories Report on Business is following Wednesday, Sept. 28. Get the top business stories through the day on BlackBerry or iPhone by bookmarking our mobile-friendly webpage. According to Greece's deputy prime minister, even he's going to have ... See all stories on this topic » | ||
| Business Highlights Washington Post BERLIN — German Chancellor Angela Merkel pledged Tuesday to offer Greece “all necessary assistance” in overcoming its debt crisis but said the Greek government must fully implement all its planned austerity measures. “Through the euro, we are closely ... See all stories on this topic » | ||
| Oil above $82 as recession worries fade for now Boston Globe That eased worries about Greece, which only has enough money to pay its bills through mid-October. The country risks a massive default on its debts, an event that could spiral into a financial and banking crisis across the continent. ... See all stories on this topic » | ||
| Brazil's Mantega doesn't expect Greek default MarketWatch In a report Tuesday, the Valor business daily quoted unnamed government sources as saying Mantega and Brazilian President Dilma Rousseff were convinced that Greece would declare a debt moratorium as early as this week. The report said Brazilian ... See all stories on this topic » | ||
| Portugal downgrades 2012 economic outlook MarketWatch Pedro Passos Coelho, who became prime minister in June, also expressed concern about the prospect of a Greek default. "I do not wish a default, organized or disorganized, for Greece," he said in an interview. "But if it happens, Portugal and Ireland ... See all stories on this topic » | ||
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| Japan may share burden of Greek bailout: finmin Reuters The news raised investor expectations for a resolution to the euro-zone debt crisis, though investors remain on alert for signs of a Greek debt default. European officials are now focused on ways to beef up their existing 440 billion euro ($593 ... See all stories on this topic » | ||
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| Dealers' CDS Coverage Doesn't Seem To Match Greek Exposure Wall Street Journal "The fact they made the Greek restructuring look voluntary does downgrade the contract and there is some skepticism," one CDS trader said, speaking of policymakers' July deal with holders ofGreece's circa EUR350 billion of debt obligations. ... See all stories on this topic » | ||
| Austria's Spindelegger Sees Greek Troika Report in Early October Bloomberg By Zoe Schneeweiss - Tue Sep 27 09:27:52 GMT 2011 Austria's Foreign Minister Michael Spindelegger expects a report on Greece from the so-called called Troika of the International Monetary Fund, European Central Bank and European Commission in early ... See all stories on this topic » | ||
| Report: Bank of France chief says French banks 'very solid,' able to cope with ... Washington Post By AP, PARIS — The governor of the Bank of France is quoted as saying that French banks are “very solid” and capable of coping with a potential Greek debt default. Christian Noyer made the comments to the weekly Journal du Dimanche, which published ... See all stories on this topic » | ||
| FOREX-Euro down 7.5 pct for quarter; more losses seen Reuters The European Central Bank's former chief economist, Otmar Issing, was cited in media reports this week saying that a Greek default and a Greek move out of the euro zone was inevitable in order to prevent contagion to other peripherals. ... See all stories on this topic » | ||
| NYMEX-Crude falls as euro zone concerns persist Reuters NEW YORK, Sept 28 (Reuters) - US crude futures fell on Wednesday as investor concerns about Europe's attempts to solve its sovereign debt problems helped pulled oil prices back after a more than $4 rally the previous session. Greece's lenders are ... See all stories on this topic » | ||
| Most Asian Stocks Advance as Greece Makes Progress to Secure Aid BusinessWeek German Chancellor Angela Merkel said Greece is ready to fulfill the conditions laid down by the so-called troika assessing Greek progress at meeting the terms of its international rescue. GreekPrime Minister George Papandreou won parliamentary backing ... See all stories on this topic » | ||
| Spain Pulling Lottery IPO Signals Greek Asset-Sale Struggle BusinessWeek “It does imply the likes of Greece won't be able to sell assets,” said Ben May, a European economist at Capital Economics in London. “It will be difficult for struggling governments to sell assets at good prices.” Greek Finance Minister Evangelos ... See all stories on this topic » | ||
| DJ Greek Central Banker Warns Of "Dramatic" Consequences On Debt-Report Middle East North Africa Financial Network Greece's government is currently laboring under a debt mountain of around EUR350 billion, or about 150% of gross domestic product, the highest in the European Union. "Up until now, we have been dragged along by developments and shown that we don't ... See all stories on this topic » | ||
| Asian stocks fluctuate amid US, Europe concerns Sydney Morning Herald Asian stocks swung between gains and losses amid concern that Greece's latest effort to cut its deficit won't be enough to stave off a default and after further evidence of weakness in the US economy. Li & Fung, the world's biggest supplier of clothes ... See all stories on this topic » | ||
| Soft Data And Lack Of Progress On Greek Debt Deal Worry Traders RTT News Additionally, no further progress has been reported on the disbursal of a second round of financing for embattled Greece. Meanwhile, a domestic economic report released earlier in the day showed that personal income unexpectedly fell, while spending ... See all stories on this topic » | ||
| Stocks: Investors Watch For Guidance On Europe WDSU New Orleans By Maureen Farrell NEW YORK (CNNMoney) -- Investors will be eyeing Washington DC over the weekend for news on Greece as finance ministers meet at the annual World Bank and International Monetary Fund. Close attention will be paid to public ... See all stories on this topic » | ||
| TEXT-Fitch: French banks face increasing pressures Reuters While exposure to Greece, Ireland and Portugal is modest, inclusion of Spain and, in particular Italy, significantly increases the totals. Fitch considers any additional write-downs needed on Greekgovernment bonds to be affordable relative to earnings ... See all stories on this topic » | ||
| NBR for September 27, 2011 - Full Episode PBS Nightly Business Report TOM HUDSON, NIGHTLY BUSINESS REPORT ANCHOR: The global stocks rally extended to a third session today Susie. Greek's approval of new property taxes led to protests in Athens, but did help push US stock markets higher. SUSIE GHARIB, NIGHTLY BUSINESS ... See all stories on this topic » | ||
| Weary US investors Teased By Jobs Data, EU Meetings NASDAQ Among other notable events next week, Apple Inc. (AAPL) is set to hold an event Tuesday at its headquarters in Cupertino, Calif., that is expected to include a new version of its popular iPhone and the launch of the latest update to its iOS mobile ... See all stories on this topic » | ||
| FOREX-Euro crawls up on hopes for enhanced bailout fund Reuters The latest catalyst for the euro's rebound was a CNBC report that European officials are considering setting up a special purpose vehicle to buy distressed debt from banks to magnify the firepower of the region's rescue fund. ECB Executive Board member ... See all stories on this topic » | ||
| Japanese Stocks Advance for Second Day After Germany Vows to Help Greece Bloomberg “The European Union as a whole supports measures to help Greece, but voters in Germany and other countries may not want to put money into it.” In New York, the Standard & Poor's 500 Index pared gains yesterday in the last hour of trading after the ... See all stories on this topic » |
| FT Report That Greek Bailout Package On The Verge Of Collapse ... By Tyler Durden That's right - Greece. Minutes after Greece passed a vote in which it promised to promise to promise to consider collecting 1998-1999 taxes (even as all of its tax collectors are about to go on permanent strike), the FT was breaking news that while the Troika was "bailing out" Greece in the past ... "You must give up your national sovereignty RIGHT NOW because this is an EMERGENCY! ... It will be 4 euros per square meter calculated immediately, to be paid by this December the latest. ... |
| Destination ... - Greece.GreekReporter.com Latest News from Greece By alexbesant Few recent immigrants intend to stay in Greece but most are trapped in the country either due to a lack of money or because of the difficulty in reaching other European destinations. Greece.GreekReporter.com Latest... |
| XE.com - UPDATE 2-Greece faces its inspectors, Merkel hints at ... Greece's lenders sent a team to Athens on Wednesday to inspect a government austerity plan they want implemented in exchange for aid, while Germany suggested a new bailout may be renegotiated as debate raged over the size of losses bondholders... ... Home - Tools - News - UPDATE 2-Greecefaces its inspectors, Merkel hints at bailout change .... 'I've been trying to find a job for a year nowand it's impossible,' said Maria Kappa, a graduate of the School of Philosophy in Athens . ... XE Forex News |
| Upd:Students Occupy Greek State TV Studio; Prime Time News ... By keeptalkinggreece However one hour later there is still no Prime Time News in NET with the latest developments from Washington where Greek Finance Minister is holding talks with Greece's lenders. The news have been replaced with videotaped programmes, ... Keep Talking Greece |
| Bailout addiction: Greece craves cash injection — RT By RT Greek lawmakers are expected to approve an unpopular property tax as they battle to show they are serious about tackling the country's debt crisis in order to receive a vital cash injection. News RSS : Today |
| Petrol: Greek ... - Greece.GreekReporter.com Latest News from Greece By Apostolos Papapostolou Greek motorists paid the second highest price for unleaded and diesel petrol in Europe in September, ANA reports citing a survey by EL.PA, the Hellenic. Greece.GreekReporter.com Latest... |
| Cyprus ... - Greece.GreekReporter.com Latest News from Greece By Apostolos Papapostolou President of the Republic of Cyprus Demetris Christofias and Turkish Cypriot leader Dervis Eroglu will meet on Tuesday in the context of UN-led intensified. Greece.GreekReporter.com Latest... |
| In Washington, Venizelos Tries to Convince Skeptical World ... By Andy Dabilis Greece.GreekReporter.com Latest News from Greece Greek News on Politics, Sports, Entertainment & Economy. News · Politics · Money · Life ... Venizelos reportedly told leaders of his Socialist PASOK party last week that banks might take a 50 percent hit, although his office denied the report. “One has to see whether what has ... All efforts are aimed at preventing this, but I am nowless certain in excluding a bankruptcy than I was a few months ago.” The situation has become so dire ... Greece.GreekReporter.com Latest... |
| Greece burning the bill — RT By RT The Greek parliament has approved a new and unpopular property tax as people continue to protest in the streets. Many in Greece now realize they would be better off defaulting, Godfrey Bloom, a British Euro MP for the UK Independence ... News RSS : Today |
| Merkel presses Greece on spending cuts - Business - CBC News Share with Add This; Print this story; E-mail this story ... German Chancellor Angela Merkel pledged on Tuesday to offer Greece "all necessary ... us all," Merkel said at a news conference with GreekPrime Minister George Papandreou . ... but neither Merkel or Papandreou announced any newmeasures ahead of their private ... www.cbc.ca/news/business/.../greece-germany-crisis.html?... |
| Commuters struggle in Greek transport strike - Hawaii News Now ... Hawaii News Now, Hawaii's live local late breaking news leader. News, weather, sports, video, employment and real estate classifieds. www.hawaiinewsnow.com/.../greek-parliament-passes-new-pr... |
| Greek despair over further cuts sees suicide and crime rates on the ... The Guardian, UK and World news, User comments, Web ... two years ago but, with markets far from appeased, now threatens the global economy. Surviving on rescue loans from its "troika" of lenders, the beleaguered Greek ... A new underclass has appeared: in the homeless and hungry who roam the ... More on this story ... www.guardian.co.uk/world/.../greek-despair-cuts-suicide-crim... |
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