GREECE News, Nov 12, 2011

Party's over for Silvio Berlusconi (Well, one party, anyway) Globe and Mail As the political drama of the week wound down, Germany's Angela Merkel wrote to Mr. Papademos to assure Greece's new leader that "Germany will stand by you and theGreek people." Right, but that doesn't mean she wants to throw any more money into the ... See all stories on this topic »

ADR Report: Shares Rise On Signs Of Stabilization In Europe Wall Street Journal Meanwhile, interim Greek Prime Minister Lucas Papademos appointed a new cabinet Friday, which will be tasked with implementing the country's latest bailout before the country's elections. European banks posted broad gains, with shares of Germany's ... See all stories on this topic »

Waiting for Europe Surprises: Coming Week TheStreet.com Will Greece's newly sworn-in government successfully push ahead austerity measures? Will the interim government even last? And, will Italy's situation snowball into a bigger and scarier Greek crisis? While the market tracks the political dance in Italy ... See all stories on this topic »

Greece swears in Papademos at head of unity government CNN International He belongs to the New Democracy party, the main opposition to the previous government. Greece's new defense minister, Dimitris Avramopoulos, is also a NewDemocracy lawmaker. The newly sworn-in Cabinet was scheduled to head next to theGreek Parliament ... See all stories on this topic »

Greece and Jamaica — a tale of two countries Jamaica Observer For years the Greeks engaged in a spending spree which saw public sector wages practically doubling. Tax evasion was also at an all-time high and the black market economy grew to an estimated 30 per cent of the country's GDP. ... See all stories on this topic » Jamaica Observer

AJC on the New Greek Government Sacramento Bee 11, 2011 -- /PRNewswire-USNewswire/ -- As the new Greek unity government was named, AJC expressed the hope that the leaders would successfully confront the major economic challenges facing the country. "We are long-time friends of Greece, ... See all stories on this topic »

A 'haircut' on Greek bonds? A buzz cut would look smarter Globe and Mail With Italy's debt problems quickly becoming the financial markets' latestfull-time preoccupation, it's some solace that at least the crisis in Greecehas cooled. The Greek government's decision to back away from a proposed risky referendum on the euro ... See all stories on this topic » Globe and Mail

Why 23% of the world's employees are depressed Globe and Mail As the political drama of the week wound down, Germany's Angela Merkel wrote to Mr. Papademos to assure Greece's new leader that "Germany will stand by you and theGreek people." Right, but that doesn't mean she wants to throw any more money into the ... See all stories on this topic »

The Global Note: Euro-Hope$…Nightmare In Syria…The Tsunami, 8 Months Later ... ABC News (blog) Italy's borrowing costs have slid sharply today toward levels that are considered manageable, just two days after they spiked to levels that triggered the bailouts ofGreece, Ireland and Portugal. Meantime, the new Greek cabinet has just been sworn in. ... See all stories on this topic »

New PM of interim Greek government sworn in Washington Post Former European Central Bank Vice President Lucas Papademos was sworn in as thenew Prime Minister of Greece in a ceremony in Athens on Friday. (Nov. 11) (/The Associated Press) Correction: Clarification: SuperFan badge holders consistently post smart, ... See all stories on this topic »

Asia Stocks Decline for Second Week Amid European Debt, Olympus Concerns Bloomberg Equities dropped this week as Europe's sovereign-debt crisis stirred political turmoil across the region, with Italian Prime Minister Silvio Berlusconi and Greek Prime Minister George Papandreou both offering to step down. Italian bonds slumped on Nov. ... See all stories on this topic »

US Stocks, Oil, Euro Gain Ground Bloomberg Italy's Senate approved debt-reduction measures, paving the way for a newgovernment led by former European Union Competition Commissioner Mario Monti, while Greece will swear in Lucas Papademos to head a unity government. “It's like investors hit the ... See all stories on this topic » Bloomberg

Oil Near $100 On Optimism Over Europe CNBC.com Italy and Greece's debt woes haven't gone away, yet US crude oil prices are closing in on $100 a barrel, following the upward momentum in the euro and equities on cautious optimism over improved Italian and Greek bond spreads. ... See all stories on this topic »

US EQUITIES WEEK AHEAD: Retail Earnings, CPI, Housing Data Wall Street Journal Greece's new government has been given the task of implementing a freshly minted EUR130 billion bailout for the country. But it must also secure a promised sixth aid tranche for Greece, worth EUR8 billion, from its euro-zone partners and the ... See all stories on this topic »

Greek Economic Crisis a Boon to Private Security Industry Minyanville.com "There is a general fear in Greek society," he explained. "We are not sure what will happen in the next two months." One government report estimates drug use in the Attica region, which includes Athens and surrounding areas, jumped to 12000 problem ... See all stories on this topic »

See 65 chance of banking crisis by Nov-end Researchers Moneycontrol.com In face of the EU`s failure to boost the EFSF, the European banks refuse to accept the 50 percent haircut on the Greek debt. Both the IMF and the ECB suspend payments to Greece," said the report released on Tuesday evening. Between November 18-22, ... See all stories on this topic » Moneycontrol.com

Emerging-Market Stocks Rise Most in Two Weeks as Europe Debt Concern Eases Bloomberg To contact the reporters on this story: Ksenia Galouchko in New York at kgalouchko1@bloomberg.net Shikhar Balwani in Mumbai at sbalwani@bloomberg.net; Jason Webb in London at jwebb25@bloomberg.net. See all stories on this topic »

MoneyWeek Roundup: The euro is heading down MoneyWeek But “will it be the new Greece?” asks Merryn. “If Scotland votes to go it alone, they will end up with either the euro or the pound as their currency. The latter is more likely than the former, given that there is no legal reason to think that any ... See all stories on this topic »

What, Me Worry? Denial, Addiction and the Sorry State of Global Finance Justmeans "Greek officials saw the draft and complained to the IMF," report Landon Thomas Jr. and Stephen Castle last week in The New York Times. "So the final report, while critical, played down the risks that Athens might one day default, an event that could ... See all stories on this topic »

Treasuries Fall as Demand Wanes Amid Eased European Debt Crisis Concern Bloomberg US 30-year bond yields rose from almost the lowest level in a month asGreece and Italy took steps to form new governments and address budget and sovereign-debt problems, damping demand for haven assets. Yields were higher than forecast at 10- and ... See all stories on this topic » Bloomberg

Look Left – UK growth forecast to be worse than eurozone Left Foot Forward • We may be out of the eurozone but the UK economy is set to grow by less than all but four EU states this autumn, a new report revealed today. The latest European Economic Forecast (pdf) shows that, despite all the problems being experienced on the ... See all stories on this topic » Left Foot Forward

Treasure pulse Malaysia Star Markets were generally calmer at the end of the week, as we get better clarity over the political situation in Greece and Italy. Former European Central Bank (ECB) vice-president Lucas Papademos was finally named the new Greek prime minister. ... See all stories on this topic »

Potential for an Upside Breakout Looms Equities.com Fears of a meltdown earlier this week in sent Italy's 10-year bond yields soaring to 7.46 percent, but have now since pulled back below 6.70 percent with the prospect of the formation of a new government. A Greek unity government has been formed, ... See all stories on this topic »

The Week in Review theTrumpet.com “The Greeks have a choice: reforms within the eurozone or no reforms and leave,” German Economics Minister Philipp Rösler said. “There is no third way.” “The Greekgovernment must at least understand that at some point our patience will end,” he said.... See all stories on this topic »

Eurozone crisis hits UK companies The Guardian Sales at Dixons' Greek electricals chain are thought to have fallen by as much as 50%. • Unilever. The food and household goods group, whose brands include Lipton, Dove and Domestos, has warned of flat to lower profit margins in 2011, partly due to ... See all stories on this topic » The Guardian

Canadian Dollar Rises, Has Weekly Advance on European Optimism BusinessWeek The yield on the nation's benchmark 10-year bond rose above 7 percent this week, increasing concern Italy will follow Greece, Portugal and Ireland in seeking financial assistance from the European Union and the International Monetary Fund. Greek ... See all stories on this topic »

The Solution is a New Union Cause and Effect in European Politics and Economy In December 2009 the European Central Bank publishes a report on the subject "Withdrawal and Expulsion from the EU and EMU. Some Reflections". There is a kind of irony in the fact that the author of the analysis is Greek - Phoebus Athanassiou, ... See all stories on this topic » Cause and Effect in European Politics and Economy

European Stocks Rise, Erasing Weekly Loss, After Italian Vote BusinessWeek In Greece, a new unity government led by Lucas Papademos was sworn in today with a mandate to implement budget measures and decisions related to a 130 billion-euro bailout agreed on an Oct. 26. Elections may take place on Feb. 19. ... See all stories on this topic »

European Stocks Rise, Erasing Weekly Loss, After Italian Vote San Francisco Chronicle In Greece, a new unity government led by Lucas Papademos was sworn in today with a mandate to implement budget measures and decisions related to a 130 billion-euro bailout agreed on an Oct. 26. Elections may take place on Feb. 19. ... See all stories on this topic »

Markets: FTSE 100 climbs higher on Friday as eurozone worries ease Interactive Investor By Interactive Investor News Team | Fri, 11/11/2011 - 17:15 17:15 - The FTSE 100 (UKX) ended a tumultuous week on a high note, adding 100 points to close at 5545 following steady rises throughout the day asGreece announced a new Prime Minister and ... See all stories on this topic » Interactive Investor

Greece's new coalition government now in place – USATODAY.com Greece's new prime minister Lucas Papademos has assumed power of an interim coalition government charged with pushing economic reform. www.usatoday.com/news/world/story/2011-11-11/.../1

New Greek cabinet sworn in - World - CBC News Greece's new interim cabinet was sworn in Friday, with former European Central ...story content; Skip to related news content; Skip to CBC accessibility page ... who also spent time as Greece's central bank governor, must now implement the ... www.cbc.ca/.../greece-financial-crisis-papademos-cabinet.html

BBC News - Greece debt crisis: Talks on unity government resume Greek politicians are holding a fourth day of talks to name a new prime ... But Greece'sANA news agency reports that the former European Central ... He has arrived at the president's residence in a possible sign that a deal is now very close. ... www.bbc.co.uk/news/world-europe-15669427

Official: New Greek government imminent - World news - Europe ... Official: New Greek government to be named on Wednesday. New premier ... Nextstory in Europe Geithner: European crisis threatens global economy. related ... www.msnbc.msn.com/.../official-new-greek-government-be-n...

Greek leaders struggle to agree on new premier | Reuters ATHENS (Reuters) - Greek party leaders are struggling to agree on a new prime minister, despite EU ... Analysis: Greece's new technocrats must win legitimacy ... www.reuters.com/.../us-greece-idUSL6E7M601O20111107

New Greek Cabinet Named THIS IS A BREAKING NEWS UPDATE. Check back soon for further information. ...Papademos must now implement the terms of Greece's latest debt deal — a euro130... www.npr.org/templates/story/story.php?storyId=142237331

European debt crisis: Papademos named as Greece's new PM - 10 ... Lucas Papademos, who will be sworn in as Greece's new interim prime ... this live blognow, after a day in which progress was made in fixing Italy and Greece's ..... 12.32pm:News from Greece's presidential palace - Helena Smith reports that ... www.guardian.co.uk/business/.../eurozone-crisis-italy-greece

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

Greek Prime Minister To Resign Amid Country's Political ... - Fox News Fox News - Fair & Balanced ... The Journal Editorial Report ... Greece's lawmakers must now approve the new rescue deal, putting intense pressure on the ... www.foxnews.com/world/.../greek-pm-launches-coalition-effo...

Banker Announced As New PM Of Greece - Sky News Sky News HD - First for breaking news - Sky channel 517 ... Lucas Papademos, 64, has been announced as Greece's new prime minister. Speaking soon after ... news.sky.com/home/world-news/article/16106426

Attention Turns to Italy After Greece Forms New ... - ABC News Sean Gallup/Getty Images ABC News Kelly Cobiella reports: Greek political leaders ...And now with the immediate crisis averted in Greece, all eyes are now ... abcnews.go.com/.../greece-forms-new-government-amid-finan...

Greek leaders set to pick new PM | World | News | Toronto Sun Greek political leaders were set to choose who will lead a new coalition on Monday ...sketchy, and both sides must now agree on a common candidate for prime minister. ...“We need a convincing report on this by Finance Minister Venizelos ... www.torontosun.com/.../greek-parties-set-for-more-wrangling

Now, Greek politics descends into chaos - ABC News (Australian ... Now political uncertainty has been added to the mix with reports that prime ... PETER CAVE: Now to the latest twists in the Greek tragedy being played out as the ... www.abc.net.au/news/2011-11-04/now-greek.../3629604

Final push for new Greek government to save euro - Yahoo! News News: Greek political chiefs were Monday to form a unity government and ... Sanjay Jha, CEO of Motorola Mobility, introduces the Droid Razr, Tuesday, Oct story .... Those loans should never have been made to Greece, now it's time to pay the ... news.yahoo.com/talks-greece-tries-break-politcal-deadlock-02...

Greek PM, opposition leader reach deal - World news - Europe ... Jump to video Greek P.M. under pressure to form temporary gov't ... Image: NewsInternational Executive Chairman James Murdoch gives evidence to the ... Next story in Europe James Murdoch: I didn't know about phone hacking .... Greece's lawmakers must now approve the new rescue deal, putting intense pressure on ... www.msnbc.msn.com/.../greek-pm-opposition-leader-reach-de...

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