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Nov 5, 2011

GREECE News, Nov 05, 2011

Map of Greece - a Basic Map of Greece and the Greek Isles
Greek prime minister set to form new government
CNN
European leaders warned this week that although they wanted Greece to stay in the euro, they considered saving the currency more important, amid fears that the Greekcrisis could spread to other European countries and beyond. In forming Greece's new...
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The Denials That Trapped Greece
New York Times
THE warning was clear: Greece was spiraling out of control. But the alarm, sounded in mid-2009, in a draft report from the International Monetary Fund, never reached the outside world. Greek officials saw the draft and complained to the IMF So the ...
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New York Times
Market unsteady: Weekly market report
Moneylife Personal Finance site and magazine
The uncertainties associated with Greece's debt issues and weak economic indicators kept the market sharply lower in the early part of the week. Pressures eased on the last two trading days after Greek prime minister George Papandreou cancelled his ...
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Oil reverses course to end at 3-month high
MarketWatch
Investors were waiting for a confidence vote in Greece. Greek lawmakers are expected to take a vote near midnight Athens time, or 6 pm Eastern. See more about Greecegovernment's confidence vote. The dollar index /quotes/zigman/1652083 DXY +0.22% which ...
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G-20 rejects extra help for debt-strapped Europe
Boston.com
And they froze a new euro8 billion loan that Greece will soon need to pay government salaries. On Thursday, Papandreou backed down and abandoned the referendum. The U-turn left his 2-year-old government teetering. Now Europe's leaders may find it is ...
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Boston.com
Asia's future hinges on Greek outcome
Malaysia Star
The fluidity of developments in Greece has investors worried. Uncertainty is shunned by markets and, for economists, the worst case scenario will be a ripe disaster for Europe and global markets. “Right now the lenders toGreece will take a 50% haircut ...
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Malaysia Star
Stocks recover after a two-day slump; Dow up 178
Houston Chronicle
Should voters reject the austerity plan, it could lead to a messy default on Greece's debt that would send shock waves through Europe's financial system and likely cause massive losses for banks that hold Greek bonds. Only last week European leaders ...
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Arrests in Penn State abuse probe...Greek deadlock continues...Time to fall back
9&10 News
Penn State's athletic director and another school administrator have been charged with perjury and failure to report in an investigation into the allegations. ATHENS, Greece(AP) — A political deadlock continues in Greece, where the prime minister is ...
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Weekly Market Recap: Greece Confuses the Cost of Borrowing Money, MF Global ...
Wall St. Cheat Sheet
1) Greece. Greek Prime Minister George Papandreou surprised European leaders Monday when he called for areferendum on the new aid package for Greece, putting austerity measures and potentially the nation's membership in the euro zone to a popular vote. ...
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Euro firm after Greek climb-down on referendum
Pakistan Daily Times
The single currency fetched $1.3810 and 107.76 yen in Tokyo afternoon trade, almost flat from late Thursday in New York where the unit rose on a surprise European rate cut and relief over the Greek backstep on the poll. The dollar was at 77.99 yen, ...
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ADR Report: Shares Close Mostly Lower As Greece Vote Looms
Wall Street Journal
The Bank of New York index of ADRs slipped 0.8% to 124.62 as European financial stocks fell after the Group of 20 nations offered little help to the struggling euro zone and as a parliamentary vote of confidence loomed in Greece. ...
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Greek vote coming up...Romney's Medicare plan...Prosecutors look into video
9&10 News
ATHENS, Greece (AP) — The government of Greek Prime Minister George Papandreou (pah-pahn-DRAY'-oh) is teetering, ahead of a confidence vote by lawmakers a few hours from now. Papandreou sent markets falling around the world this week when he called...
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Report: Travel agency seeks protection from Greek currency switch
Monsters and Critics.com
The Bild newspaper reported that it had a copy of a letter from the Scandinavian subsidiary of travel group TUI Travel PLC in which owners of Greek hotels were asked to agree to new contracts. These contained provisions to stem losses should Greek ...
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Stocks Fall for the Week on EU Debt Fears (AAPL, ANR, ARMH, BAC, C, CVX, F ...
TradersHuddle.com
On Thursday, stocks jumped following mixed economic data and retail sales figures, amid drama unfolding in Greece. Participants reacted positively to a surprise rate cut from the ECB and after Greek Prime Minister Papandreou back tracked on his plans ...
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Market May Find a New Source of Anxiety-Washington
CNBC.com
You don't have the jobs report. You have a bunch of 'B' level economic indicators. Next week is likely to be a cooling off period," said Dan Greenhaus, global market strategist with BTIG. "...We can now turn our attention to yet another humungous land ...
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CNBC.com
ETF Insider: It's All Greek To Me
ETF Database
Selling pressures hit the street as investors scrambled for the safe havens, fearing thatGreece would succumb to default. However, euphoria quickly returned to the markets after Greece decided to solidify its place in the currency bloc and scrapped ...
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Galvan's Week-Ahead: Greece – A fate worse than austerity beckons
Proactive Investors UK
Of course, the lead event will be the latest from the MPC of the Bank of England after the £75bn QE injection. At least for now the panel will probably be biding its time to see what the effects are. In the EU, the Nov Monthly Report from the ECB is ...
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Asia Stocks Fall by Most in Six Weeks on Greece Rescue Package Confusion
Bloomberg
Stock prices fell after Greek Prime Minister George Papandreou announced on Oct. 31 a parliamentary confidence vote and his desire to hold a referendum on Europe's rescue pact. He scrapped the plan Nov. 3, the same day the European Central Bank ...
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AJC Delegation Concludes Solidarity Mission to Greece
Sacramento Bee
The delegation also continued AJC's inter-religious dialogue with the Greek Orthodox Church, in an audience with His Beatitude Hieronymos II, Archbishop of Athens and AllGreece. "Our meetings with Greek Jewish leadership – both in Athens and ...
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World leaders ask Australia to host next G20 summit in 2014
The Australian
With European finance ministers due to meet next week, the only successes being claimed were convincing Greece to back down from a referendum on its bailout and Italy agreeing to get its budget back into surplus in 2012 and provide regular reports on ...
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Weak jobs data sinks TSX
Toronto Star
Trader John Panin works on the floor of the New York Stock Exchange Thursday, Nov. 3, 2011. Stocks closed higher after Greece scrapped a referendum on unpopular budget cuts and US unemployment claims fell to the lowest level in five weeks. ...
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CANADA FX DEBT-C$ ends weaker on jobs drop; Greek worry
Reuters
"The big driver has been that Canadian jobs report ... (but) in terms of event risk today, we're still waiting for that Greek confidence vote," said Stewart Hall, senior currency strategist at Royal Bank of Canada. In October, Canadian employers cut ...
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Indian scrips rise 1%
Pakistan Daily Times
MUMBAI: Indian shares rose on Friday, buoyed by better-than expected corporate results and after Greece looked set to abandon a proposed referendum on a European Union bailout, but the benchmark is on track to fall for the week that was dominated by...
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Treasuries Surge on Greek Mess
Barron's
By BRADLEY DAVIS | MORE ARTICLES BY AUTHOR Just when it seemed European leaders would finally lurch toward solving the region's long-running debt crisis, a new Greek drama took the stage. US Treasuries took their cue and rallied strongly. ...
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Treasuries Fall as U.S. Unemployment Rate Unexpectedly Falls
San Francisco Chronicle
Group of 20 leaders meeting in Cannes, France, yesterday pushed European authorities to enact a week-old Greek rescue plan that has already shown signs of unraveling. Billionaire investor George Soros said Greece faces the danger of a disorderly ...
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NBR Transcripts-November 4, 2011-Full Episode
PBS Nightly Business Report
But most economists now say the labor market should be strong enough to keep the US economy from slipping into recession. Suzanne Pratt, NIGHTLY BUSINESSREPORT, New York. SUSIE GHARIB: Also weighing on the markets, the future of theGreek government. ...
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A discount at the restaurant, but not on Groupon shares
Globe and Mail
First, an ultimatum from Germany and France forced Greece's George Papandreou to scrap plans for a referendum on the crisis agreement struck in Brussels. Now, Mr. Berlusconi, who has promised his colleagues he'll come through with reforms on pensions ...
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News on Jobs Fails to Stem Market's Slide
Barron's
By VITO J. RACANELLI | MORE ARTICLES BY AUTHOR The markets' spectacular October rally came to a screeching halt last week as fears about the European Union's ability to bail out Greece more than offset any positive domestic economic news. ...
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Obama: World economic recovery on 'firmer footing'
CBS News
The drama of Greek's messy internal struggles and their potential to derail the entire European effort hung over the summit in this French Riviera resort, as did a gloomy rain. While Obama met with world leaders, a new jobs report showed that the ...
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XE.com - UPDATE 3-Greek PM wins vote, to meet president on ...
Greek Prime Minister George Papandreou survived a vote of confidence in parliament on Saturday, avoiding snap elections that would have torpedoed Greece's debt bailout deal and inflamed the euro zone's economic crisis. ... News Providers: Thompson Financial, AP, XFN-Asia, Daily FX, Reuters Date format: yyyy-mm-dd. Refresh Articles. UPDATE3-Greek PM wins vote, to meet ... The pro-government Ta Nea ran with 'New governmentnow!' Greece has been racked by torment ...
XE Forex News
Greek Prime Minister Set To Form New Government - Politics News ...
Reports have named current Finance Minister Evangelos Venizelos as a possible successor as caretaker prime minister. ... In forming Greece's new government, Papandreou's Socialist PASOK party is likely to seek the support of a number of smaller parties, on either the left or the right, after the main opposition leader Antonis Samaras made it clear he did not want to ... "Those days, you could borrow money easily, andnow that's why the Greek people have to pay back for it," he said. ...
Click on Detroit - National News...
Greeks bearing debts - Stabroek News - Guyana
By Stabroek staff
Bloomberg News reports that concerns over the Eurozone debt crisis “led to credit downgrades, margin calls and demands from regulators to boost capital before the bankruptcy filing.” From afar it is difficult to tell precisely who should be ...
Stabroek News
BBC News - Greece PM Papandreou wins confidence vote
Greek PM George Papandreou wins a crucial confidence vote in parliament, promising to hold talks on a ... Continue reading the main story ... The question now is whether Mr Papandreou is simply buying time, trying to rebuild his ... After Greece controversially announced it will put its latest European bail-out package to a ...
www.bbc.co.uk/news/world-europe-15586673
Debt crisis: live - Telegraph
Greek prime minister George Papandreou has won a crucial confidence vote and .....what he failed to do in 2007 and become PASOK's new leader and prime minister, ...14.25 Reports are now emerging on Twitter that Germany was against ...
www.telegraph.co.uk/finance/.../8846201/Debt-crisis-live.html
Greek crisis: Referendum cancelled amid chaos - Thursday ...
Nor is it just that there has been a deluge of bad news. ... NewDemocracy is being offered the chance to 'co-negotiate' Greece's next...
www.guardian.co.uk/.../03/greek-crisis-referendum-eurozone
Greek Prime Minister Scraps Referendum On Greek Debt Plan | Fox ...
Greece's prime minister abandoned his explosive plan to put a European ... FoxNews/Fox Business (Article Page: Fox News/SBC/Latino/Fox Business) ... SpecialReport ... Venizelos said, as the opposition now indicated it would support the ... theGreek opposition's backing for the debt-crippled country's new bailout as ...
www.foxnews.com/.../greece-on-brink-collapse-as-lawmakers-...
Greek Government on the Brink of ... - U.S. News & World Report
US News & World Report Politics. Home ... ATHENS (Reuters) - The Greekgovernment teetered on the brink of collapse Thursday, with the opposition and some ...
www.usnews.com/.../greek-government-on-the-brink-of-colla...
Greek Bailout Deal Referendum Scrapped - Sky News
Sky News HD - First for breaking news - Sky channel 517 ... There are nowunconfirmed reports that leader George Papandreou he has struck a deal to step ...
news.sky.com/home/world-news/article/16102562
New episode in euro Greek drama rattles world markets
To report corrections and clarifications, contact Standards Editor Brent Jones. For publication consideration in the newspaper, send comments to ...
www.usatoday.com/money/markets/story/2011-11-01/.../1
Gyrations on policy leave Greeks dizzy - latimes.com
Greek Prime Minister George Papandreou's defense of democratic choice at a summit in ... of 17 nations that share the euro currency, now engulfed by a serious debt crisis.... Details of the latest European bailout plan remain nebulous , unsettling ... PreviousStory More World - world news, international news, foreign policy ...
www.latimes.com/.../la-fg-greece-referendum-20111104,0,22...
Greek government wins confidence vote - RTÉ News
One News: Italy agrees to IMF monitoring - reports. Play Stop. Six One News: Greeksdebate crucial confidence motion ... Speaking ahead of the confidence vote, Mr Papandreou called for a new coalition to approve the bailout deal agreed last ... The PASOK party now has a majority of 153 seats in the 300-seat parliament. ...
www.rte.ie/news/2011/1104/greece.html
Asian stocks down as Greece uncertainty swirls - Yahoo! News
Read 'Asian stocks down as Greece uncertainty swirls' on Yahoo! News. ... Traders work on the floor of the New York Stock Exchange Wednesday, Nov. ... South Korea's LG Electronics plummeted 10.4 percent following news reports that the ... The Fed said it would not take any more steps to help the economy for now, but it ...
news.yahoo.com/asian-stocks-down-greece-uncertainty-swirls-...
World stocks mixed as Greece uncertainty swirls - Business - CBC ...
Markets have been gripped by uncertainty since Greece's prime minister ... their massive deficit," Stan Shamu of IG Markets in Melbourne said in a report. ... 3 mobile phone maker was seeking to issue new shares, Yonhap News Agency said. ... but Canadians who now aren't subjected to such a cost are warned the debit ...
www.cbc.ca/news/business/.../world-stock-market-113.html?...
"We Are All Greeks" - SocGen Presents The New World Order ...
"We are all Greeks" - so begins one of the best reports on the unsustainability of the status quo, and on what "the new world order" will look like, created by ...
www.zerohedge.com/.../we-are-all-greeks-socgen-presents-ne...
Greek government teeters over referendum pledge - Channel 4 News
Latest reports suggest Greece's defence minister, Panagiotis Beglitis, has gone ... you hear the news about army officers being replaced now and resignations in ...
www.channel4.com/.../markets-take-fright-following-greek-vo...

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