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Nov 26, 2011

GREECE News, Nov 26, 2011

Z: The story of a corrupt regime
Ahram Online
Z, by Greek director Costa-Gavras was released in 1969 and tells the story of a corrupt regime. The plot is a thin fictionalisation of the murder of Greek politician Grigoris Lambrakis in 1963. Although based on Greece's experience of the ...
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Bank of Greece: Last chance to stay in euro
New Europe
A €130 billion bailout approved by EU leaders on 26 October represents a milestone on the adjustment path of the Greekeconomy, the Bank of Greece said in its interim monetary policyreport on 24 November. "The present juncture is the most critical ...
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New Europe
Report: Athens playing hardball
Kathimerini
In part for that reason, Greece has been talking to creditors individually, just to get their own sense of market sentiment.” Greece is proposing that the net present value of the new bonds be cut to just 25 percent of the value of those they replace,...
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The Whigs Versus The Schoolboys
Energy Tribune
Now that Greece is imploding and unable to deliver on promised reforms and service its debts, Greece has landed where it's been for much of its modern history. As a task force of Eurocrats arrived from Brussels to dispense “expert” advice, a Greek ...
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Energy Tribune
Greece Seeks Bribery Settlement With Siemens
Wall Street Journal (blog)
Greece claims that bribes paid by Siemens from the late 1990s to 2009 to variousGreek governments cost taxpayers EUR2 billion, according to the Newswiresreport. In January, an investigation named 15 Greek politicians as having taken bribes from ...
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Stocks fall on spread of Europe debt woes to Belgium
USA Today
A Greek official also said the new government may need to postpone elections set for Feb. They were all signs that investors are growing increasingly hesitant to lend to Europe's third-largest economy. The Dow Jones industrial average declined 26 ...
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USA Today
ForexLive North American close: Greek bond talk getting tougher
FXstreet.com
After spiking to a seven-week low of 1.3212 as US traders got to their desks, EUR/USD rebounded on the ESM report but barriers at 1.33 held off the rally until the wave of bad news from 1) Belgium 2) Finland and 3) Greece drilled the pair back down to ...
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Shields and Brooks on GOP Foreign Policy Debate, Supercommittee Failure
PBS NewsHour
MARK SHIELDS: It was fascinating to me that the eurozone and the crisis in Europe, whether it -- I mean, what began as Greece and Italy and now is basically a threat to the entire region and to the entire unity, never did come up. ...
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Fire the Janitor
Barron's
... to report, was heavily tilted to the downside. Having already wrested a 50% haircut on its borrowings from banks, Greece decided to go for a 25% haircut on any new bonds it issues. Do yourself a favor, and don't expect a rush to buyGreek paper. ...
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Treasuries Fall on Concern Refuge Demand Pushed Yields Too Low
San Francisco Chronicle
European leaders persuaded bondholders last month to accept a 50 percent loss on their holdings of Greek debt as part of an interim rescue effort. Italy had to pay almost 7 percent to sell six-month bills at an auction today, fanning investor concern ...
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Examiner letters, November 26, 2011
Huddersfield Examiner (blog)
The financial crisis in Greece was created by the corruption of various Greekgovernments aided and abetted by rapacious banks, together with the unwillingness of big business in Greece to pay its taxes. Mr Oakes ignores the fact that public sector ...
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First pain and then gain
BusinessLIVE
Annabel Bishop, Investec group economist, put it this way: for every R10000 of bonds South Africa owns, its exposure to the banks of Portugal, Ireland, Greece and Spain would be R3, and to Greekbanks it would be 30c. Bishop said South African banks ...
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BusinessLIVE
Digicel in group bid for African network
Irish Times
Demco's interests include ownership of Cosmoline, a telco in Greece. Reportssuggest that Centamon has agreed to fund all the required capital for the expansion of the business over the next two years. Africa is seen as a potentially attractive market ...
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Greek Activists Take On The Power Company
Salon
(AP Photo/Nikolas Giakoumidis) (Credit: AP) VERIA, Greece (AP) — The Robin Hoods in this northern Greek town sport rubber gloves, fuses and orange stickers. Nearly two years of pay cuts, job cuts and tax hikes have pummeled living standards in ...
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Greece: Migrants rescued from stranded trawler
Sacramento Bee
The Atlantis was instructed to sail to the southern Greek port of Kalamata. Debt-crippled Greece is a main gateway for illegal immigration into the European Union. Tens of thousands of people, mostly from Asia and Africa, are arrested on the country's ...
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BBC News - Greek budget will 'cut deficit' by 2012
How might Greece leave the euro? The new Greek government has submitted its plans for next year's budget, promising to almost halve the deficit. Finance ...
www.bbc.co.uk/news/business-15791008
Italy gets new Cabinet as Greece lawmakers endorse new leader ...
Italy gets new Cabinet as Greek lawmakers endorse new leader. Italy's Mario Monti and Greece's Lucas Papademos are unelected technocrats tasked with ...
www.latimes.com/.../la-fg-greek-italy-euro-20111117,0,1375...
Report paints dire picture of Greek finances - Yahoo! News
News: Greece is losing out on about euro60 billion ($81 billion) in uncollected ...The EU task force is one of the latest attempts at giving some hands-on support for the ... Athens now aims to raise euro1.3 billion by selling off publicly owned ...
news.yahoo.com/report-paints-dire-picture-greek-finances-12...
Greek PM says country must stay in eurozone - World - CBC News
Greece's new prime minister says he is determined to keep the country in the ...stay in eurozone; Skip to supplementary story content; Skip to related newscontent ... a commitment to back the new debt deal is now required for that vital payout. ...
www.cbc.ca/news/world/story/2011/.../greece-papademos.html
New Greek govt wins confidence vote - RTÉ News
Greece's new coalition government has, as expected, won a parliamentary vote of confidence. ... Lucas Papademos addresses the Greek parliament .... 8-year- old Oisín has Prader Willi Syndrome - This is the moving story of his birth, his life, his family and the people who love him ... Replayed at 9am on RTÉ News Now ...
www.rte.ie/news/2011/1116/greece.html
Report paints dire picture of Greek finances | Deseret News
Read Church News ... Report draws up challenges faced by Greece – Nov. ... The EU task force is one of the latest attempts at giving some hands-on support for ...Athens now aims to raise €1.3 billion by selling off publicly owned companies ...
www.deseretnews.com/.../Report-paints-dire-picture-of-Greek-...
New Greek Prime Minister Lucas Papademos Acts On ... - Sky News
Forget for now the way a new prime minister's first 100 days traditionally unfold in... Still, over the weekend and in a flurry of opinion polls, Greeks seemed to greet the bespectacled new leader with a strong thumbs up. ... Report this comment ...
news.sky.com/home/business/article/16109820
Greeks Attend Church Amid Economic Downfall - World - CBN News ...
More Greeks appear to be turning to faith as the country faces economic ... Please click on the link below to download the latest version. ... Sign up for the CBNNews Dispatch and receive CBN News Reports in your inbox ... Subscribe Now>> ...
www.cbn.com/.../Greeks-Attend-Church-as-Economic-Uncerta...
Greeks acknowledge illegal homes in debt ... - News - MSN.com
For the purposes of the Greek authorities and particularly the taxman, ... owners nationwide are now opting to declare them under a new amnesty law intended ...who have found new business in helping owners update their building plans so ...
news.ph.msn.com/business/article.aspx?cp-documentid...
Report draws up challenges faced by Greece - CBS News
The group's first report paints a dire picture of Greece's efforts to raise money to repay ... The EU task force is one of the latest efforts to give some hands-on support to the ... Athens now aims to raise euro1.3 billion by selling off publicly owned ...
www.cbsnews.com/.../eu-task-force-greece-misses-euro60-billi...
New Greek government faces vote of confidence - GREECE ...
Join the France 24 community here; Log in · FRANCE 24 latest world news reportNew Greek government faces vote of confidence - GREECE - FRANCE 24 ...
www.france24.com/.../20111116-new-greece-government-de...
Greek protesters to march as warning to new PM | Reuters
UPDATE 1-Black Friday shopper pepper sprays rivals ... Greece's Prime Minister Lucas Papademos looks on during a parliament session in Athens November ...
www.reuters.com/.../us-greece-idUSTRE7AE1CI20111116
Molotov Cocktail Sets Fire to EU Commission ... - Cyprus News Report
Molotov Cocktail Sets Fire to EU Commission Office, Greece ... offices in Athens,Greece, setting them on fire, says a report by Skai News. ... and also coincides with the latest upheaval in Greece's political and economic saga. ... prevail; debt levels that used to be sustainable in a healthy economy have now been thrown out...
www.cyprusnewsreport.com/?q=node/4909
Report: Germany is preparing for Greece's exit from the euro zone ...
Now, the new story is that the Germans are preparing for a euro zone exit byGreece (hat tip Kevin). Again the source is Spiegel: The German government has...
www.creditwritedowns.com/.../report-germany-is-preparing-fo...
Greek, Italian plans bypass voters – USATODAY.com
Greek Prime Minister Lucas Papademos delivers a speech at Parliament in Athens. ... Monday, the new prime minister for Greece presented his plans to parliament for a new ... "Now, it has turned into a crisis of the political system. ...For publication consideration in the newspaper, send comments to letters@ usatoday.com. ...
www.usatoday.com/news/world/story/2011-11-15/EU.../1
Report: Troika Backs Down to Samaras, No Signatures Needed ...
Greece.GreekReporter.com Latest News from Greece Greek News on ... a deal to keep rescue loans coming, international lenders now have reportedly said that ...
greece.greekreporter.com/.../report-troika-backs-down-to-sam...
New Greek PM expected to win confidence vote - KHQ Right Now ...
KHQ Right Now - News and Weather for Spokane and North Idaho | New Greek... ATHENS, Greece (AP) - Greece was negotiating with international bankers ...
www.khq.com/.../greece-debt-deal-needs-maximum-possible-s...
Greek police prepare for protest trouble - Breaking News - The ...
9:05PM Saturday Nov 26, 2011; 2162 online now; See today's paper ... Less than 24 hours after being confirmed in parliament, Greece's new government faces ...
news.smh.com.au/.../greek-police-prepare-for-protest-trouble-...
Financial Mirror dot com - Greece has 60 bln euros in unpaid taxes
Follow us on Twitter. Home · News; Business & Economy; Story Detail. News ...and lack of compliance, a report by the European Commission's task force onGreece said on Thursday. ... Latest videos in your inbox SUBSCRIBE NOW ...
www.financialmirror.com/news-details.php?nid=25024
EU, IMF to press Greek parties on reform promises | World | News ...
International lenders will press Greece's fractious political parties on Saturday to give ... Ski & Snowboarding Report · Asia Now · Weather · Homes · Contests · Coffee ... Change text size for the story; Print this story ... The leader of conservative New Democracy — one of three parties in the new national unity government of ...
www.torontosun.com/.../eu-imf-to-press-greek-parties-on-refo...
New Greek Coalition Wins Confidence Vote | Fox News
Greece's new coalition government won a confidence vote in parliament with a large ... Fox News/Fox Business (Article Page: Fox News/SBC/Latino/Fox Business) ... On Air Now » Anchors and Reporters » ... The Journal EditorialReport ...
www.foxnews.com/.../new-greek-coalition-wins-confidence-v...

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