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Nov 11, 2011

GREECE News, Nov 11, 2011


Papademos, Who Took Greece Into Euro, Must Now Save Country's Membership
Bloomberg
Photographer: Ralph Orlowski/Getty Images Lucas Papademos, named today to be interim prime minister of Greece, steered the country into the euro region as central bank governor more than a decade ago. Now the former European Central Bank vice president ...
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Bloomberg
Ye gods! Now Greece's mythology gets a kicking
Daily Mail
By Chris Tookey Doesn't Greece have enough problems? As if Clash Of The Titans wasn't bad enough, here's another mugging of mythology, with sadistic violence and shoddy 3D. Produced by the geniuses who gave us 300, it can most safely be recommended to ...
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Daily Mail
Greece and Italy Seek a Solution From Technocrats
New York Times
The question now, in both Italy and Greece, is whether the technocrats can succeed where elected leaders failed — whether pressure from the European Union backed by the whip of the financial markets will be enough to dislodge the entrenched cultures ...
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Merkel Greek Strategy Risks Backfiring as Exits Route Mapped
BusinessWeek
Countries unable to play by the euro's rules may now have to leave the bloc, upending the assumption that “once in the euro a country could never escape,” King said in a note to clients. Now “what's true of Greece may now also be true of Italy. ...
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Anxiety Over Italy Scares Mortgages Steady
Fox Business
Mortgage rates barely changed this week, remaining near record lows as investors seem to have given up hopes on Greece and now are panicking over Italy's debt woes. The benchmark 30-year fixed-rate mortgage rose 2 basis points this week, to 4.25, ...
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Insight: In Greek crisis, HIV gains ground
Reuters
"This is also due to the economy in Greece now. I used to get plenty of work before," she said, her small black braids tucked under a red and white scarf. Last year she didn't work at all. Since April this year, she has found sporadic cleaning jobs, ...
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Reuters
Market fears over Italy, Greece ease further
CTV.ca
However, expectations that Monti will lead a post-Berlusconi government has helped calm those jitters, and Italy's ten-year bond yield was nowdown below the 7 per cent threshold that eventually forced Greece, Ireland and Portugal to seek bailouts. ...
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CTV.ca
Explainer: Fears Rise That Italy Could Join Greece In Eurocrash
RadioFreeEurope/RadioLiberty
By Charles Recknagel Ancient Greece and Rome created the civilization of Western Europe. Will modern Greece and Romenow bring it crashing down -- at least in the form of the eurozone? Those fears may still be premature, but they have been mounting for ...
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RadioFreeEurope/RadioLiberty
Greece: a hard puzzle to solve
Financial Times
At the Brussels headquarters of the Commission, the EU's executive arm, officials are torn between the need to ready contingency plans for Greeceand the fear that this would fan speculation about whether Italy or Spain –now the front line of the ...
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Financial Times
Greece's New Interim Prime Minister Faces Huge Task
NPR
So there's this idea that there's movement, because there's been so much time wasted, and there are so many people watching Greece right now to see what's going to happen, that even the politicians who have been on the sidelines are saying, well, ...
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Friends back up Greece teen with cancer
Rochester Democrat and Chronicle
Michaela, who is now in remission, had to go through weeks of chemotherapy and radiation. Her hair is slowly growing back as well as her spirits and energy. "She is able to hang out with friends again and go back to school regularly," Luther said. ...
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Euro zone savers, outside Greece, keep cash in bank
Reuters
In Italy, now the focus of attention over fears it may need a bailout that Europe could not afford, there were no signs of panic withdrawals. "There is no panic yet, no withdrawals on deposits but there is certainly a lot of worry," said a manager at ...
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Europe In 2011 Vs. 2007 Financial Crisis: Similarities Are Striking
Seeking Alpha
Greece has dominated the headlines and now Italy is giving it a run for its money. Baron Rothschild, an 18th century British investment giant, once said, "Buy when there's blood in the streets." Warren Buffett likes to say that you pay a steep premium ...
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The arts bloom in Greece's second city
eTaiwan News
“To overrun this, bottom-up, DIY initiatives had already emerged in the city, and nowthey are blossoming.” The night spot that best embodies this grass-roots vibe might be Coo, a cafe, bar, music space and gallery that also has its own radio station ...
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Turmoil in Greece touches Astoria
Queens Chronicle
“Now it's like three or four.” Aronis said that during a recent visit from Panagiotis Psomiadis, the head of the District of Central Macedonia in Greece, the politician noted that over 100000 young Greeks will probably leave the country to escape the ...
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Why Italy Won't Fail, And The ETFs To Consider Buying Now
Seeking Alpha
The troubles in Italy, Portugal and Greece are shockingly serious. How serious? Many insist that these 3 little piggies will eventually succumb to disorderly bankruptcies, causing Armageddon for world stock markets and the global financial system. ...
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From global to local, the hurt spreads
Media Life Magazine
By Diego Vasquez In a crisis that's been playing out for months, the entire world is focused on Greece right now and whether it can create a new government that can help resolve the issues that are threatening the euro and the European Union. ...
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US Markets Remain Concerned About Italy & Greece
PBS Nightly Business Report
Now, US investors welcomed news of that leadership change, as well as good news that yields on Italian bonds fell below 7 percent, easing concerns that the country would need an emergency bail out. HUDSON: That`s been a key level, 7 percent. ...
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News Wrap: Greece, Italy Show Signs of Political Progress
PBS NewsHour
TOM BRADBY: There's only one truth you can really grasp tonight, which is that many of the pillars of the Murdoch empire are now trying to tear each other to pieces. HARI SREENIVASAN: To date, more than a dozen journalists at the Murdochs' British ...
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Credit Agricole Q3 profit drops on Greece
Reuters
With the eurozone debt crisis now spreading from Greece to Italy -- where Credit Agricole owns a local bank, Cariparma -- the French bank's executives were reluctant to give more detail on the outlook for profits and solvency strength. ...
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Reuters
Saxo Bank releases new video commenting on Eurozone crisis
WebWire (press release)
It goes without saying that despite the impending appointment of new heads of state the burdens in these nations are so heavy now that they can hardly be shrugged off. Clean-up in both countries is a major task. While Greece is in the bailout phase and ...
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Greece, Italy move towards forming unity governments
TODAYonline
Sources in the ruling PDL party said Mr Berlusconi, who had previously insisted on early elections after he steps down, has been persuaded it would be better not to go to the polls now. President Giorgio Napolitano yesterday assured the public that Mr ...
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UPDATE 1- Greece's OTE profit down 17 pct in 3rd quarter
Reuters
[ID:nL5E7LV304] OTE, a former state monopoly, is now 40 percent owned and managed by Germany's Deutsche Telekom (DTEGn.DE). In a bid to save costs, the firm reached a deal with its workers in September to cut wages without layoffs [ID:nL5E7KN22V]. ...
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No warm welcome for tax collectors
Views and News from Norway
“Many Greeks try to find others to blame for the crisis, among them the advisers from the EU and eventually from Norway,” Thamos Dokos, head of the research foundation Eliamep, told Aftenposten. He thinks it's only natural that Greece now will lose ...
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Sector Detector: Italy Steals Investor Spotlight From Greece
Seeking Alpha
I'll keep this short since I'm traveling and it's quite late on Wednesday night right now in Dallas. There isn't much to talk about other than Europe. That's all you see on CNBC. Maybe there's an occasional mention of the latest earnings miss or some ...
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Greece native Bobby Matthews instrumental in Republican victory for Lancaster ...
Greece Post
... Matthews became the youngest political Town Party Chairman in New York state history in September of that year. Now 23, Matthews is a graduate of Athena High School in Greece. His parents, Bob and Debbie Matthews, live on Northwood Drive inGreece.
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Writing on the Wall: Banks bigger issue than Italy
MarketWatch
Banks now hold much of the debt those nations issued. The banks would suffer most should Italy and Greece default-or a bailout prove insufficient. If the fallout were limited to the banks, we could all just go home and talk about Champions League ...
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Schools from 11 local districts cited
Rochester Democrat and Chronicle
In Monroe County, schools from the Brockport, Churchville-Chili, East Irondequoit, Fairport, Gates Chili, Greece, Hilton, Rush-Henrietta, Spencerport, Webster and West Irondequoit districts made the list for the first time, as did 12 schools in the ...
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Analysis: Europe's crisis spells more pain for drugmakers
Reuters
"The thing that worries me the most now is that debts, particularly at hospitals, are running so high. We're looking at close to 10 billion euros ($13.8 billion) only in Portugal, Spain, Italy and Greece." Some companies, including Roche, have stopped ...
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Diesel Engine Vehicles Now Permitted to Circulate Athens and ...
By Stella Tsolakidou
Greece.GreekReporter.com Latest News from Greece Greek News on Politics, Sports, Entertainment & Economy. News · Politics · Money ... Diesel Engine Vehicles NowPermitted to Circulate Athens and Thessaloniki. Posted on 10 November ...
Greece.GreekReporter.com Latest...
A PUZZLE SOLVED! | PRAGMATIC CAPITALISM
By Cullen Roche
Seems like Mr. Market is a little slow in realizing how dangerous this sovereign debt crisis is. A couple months ago it was all Greece Greece Greece in the newsNow Italy gets all the attention. If Bass is right, in the near future we're going to be ...
PRAGMATIC CAPITALISM
Progress in Italy, Greece on debt sends stocks up
KLAS-TV Channel 8 News NOW Las Vegas. Local News, Weather, Traffic, Sports, Entertainment for Las Vegas.
KLAS - National News
Greece, Italy turn to experts for way out of debt - 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/.../papademos-is-new-greek-pm-vo...
Where now for Greece, Italy and the euro? | euronews, world news
world news - First it was Greece, now it is Italy which finds itself staring down the barrel of a gun. So far, Prime Minister Silvio Berlusconi's promise to quit, after ...
www.euronews.net/.../where-now-for-greece-italy-and-the-eur...
Greece Couple Killed By Suspected ... - YNN - YNN | Your News Now
Monroe County Sheriff's deputies released the names of a husband and wife fromGreece killed in a hit and run crash Saturday. The man accused of driving the ...
rochester.ynn.com/.../greece-couple-killed-by-suspected-drun...
BBC News - Should we feel sorry for Greece?
The economic tide has now firmly receded, and it's obvious that the Greeks have been skinny dipping, with the result that this rather small corner of the mighty ...
www.bbc.co.uk/news/magazine-15600594
Osborne: unlikely Greece will exit euro now - Yahoo! News
Read 'Osborne: unlikely Greece will exit euro now' on Yahoo! News. LONDON ( Reuters) - Chancellor George Osborne said on Friday he thought it currently ...
news.yahoo.com/osborne-unlikely-greece-exit-euro-now-081...
Greece picks Papademos as new PM | Management and - Perth Now
GREECE'S new leader, Lucas Papademos, has steeled his country for tough times ahead, ... The previous EU forecast of 1.1 per cent growth was ripped up - with a 2.8 per cent contraction now expected in 2012 after ... Business; News; Blogs ...
www.perthnow.com.au/.../story-fn7kjv7y-1226192108266
Greece Forms New Government Amid Financial Bailout
Authors: Ashley UlkeriStockPhoto/Thinkstock(ATHENS) -- Greek political leaders were deep in talks to form a new government Monday after Prime Minister...
akronnewsnow.com/.../9010-greece-forms-new-government-a...
Now It's The News: Greece, Bank of America, and Rick Perry - Talk ...
Derrick Blair reports on democracy, debit cards, and dereliction of the senses.
www.trn1.com/NITNNEWS-110111
Greece Votes To Keep Its Head, For Now : NPR
NPR News and Shows ... SCOTT SIMON, host: This is Weekend Edition from NPRNews. ... SIMON: So is Italy now under the same kind of scrutiny Greece is? ...
www.npr.org/2011/11/.../greece-votes-to-keep-its-head-for-no...
Greece must decide - now - National News - National - General ...
All of Greece must decide, quickly, whether to stay in the euro zone. The markets should have known this last week. They do now.
www.theherald.com.au/news/national/...must.../2345924.aspx
No solution yet in Greece power-sharing talks (OneNewsNow.com)
Greece will get a new prime minister later Tuesday, senior government officials promised, as European nations ratcheted up the pressure for a swift resolution to ...
www.onenewsnow.com/AP/Search/Business/Default.aspx?id...
Papademos, Who Took Greece Into Euro, Must Now Save Country's ...
Lucas Papademos, named today to be interim prime minister of Greece, steered the country into the euro region as central bank governor more than a decade ...
www.bloomberg.com/.../papademos-who-took-greece-into-eu...
Greece: coalition heads to pick new premier - 21 News Now, More ...
21 News Now, More Local News for Youngstown, Ohio - Greece: coalition heads to pick new premier. Member Center: Create Account|; Log In; Manage Account ...
www.wfmj.com/.../greece-talks-under-way-in-bid-to-avoid-ba...
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