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Dec 17, 2011

GREECE News, Dec 17, 2011


Greece can't tax its people any further: IMF
Malta Business Weekly
Thomsen, speaking about the IMF's latest report on Greece's progress, said the country's structural reforms have fallen “well short” of expectations. But he said it was too early to say whether new austerity measures would have to be taken next year. ...
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Special report: the billionaire from Brazil
Reuters
Batista, who blames the problems on the Greek government for refusing to grant an environmental license, returned to Brazil. "I traveled around the world and I realized that Brazil is the best place in the world to invest," he said. ...
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Finansbank Surges on Report NBG May Sell Bigger Stake
BusinessWeek
The Greek lender may sell 49 percent or more of Finansbank, Macedonia Information Agency reported on its website today, without saying where it got the information. A National Bank official, who asked not to be identified in line with company policy, ...
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As Greece slashes costs, the deaf left unaided
The Seattle Times
Groups representing the disabled and other vulnerable Greeks have held several demonstrations outside the Finance Ministry, on Athens' main Syntagma Square, but getting attention is difficult in a city where between four and five protests are held ...
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Irish economy slumps as euro debt tensions mount
BusinessWeek
EU heavyweight France also sought to come to grips with a new report putting the country on course for renewed recession. The French statistics agency Insee forecast Thursday night that the country's economy would decline for the last two quarters of ...
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Update on the latest business
NECN
Until now, EU leaders have held up Ireland as an example of how a country can keep growing its economy while simultaneously sucking money out of it through spending cuts and tax hikes. Ireland's economy was performing better than those of Greece and ...
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How speculators fed US housing bubble, fuelled bust
Globe and Mail
According to The Wall Street Journal, suicides have almost doubled in Greece. In some Greek hospitals, drugs have been withheld because of missed payments, while the country's consumer protection agency warns against scam artists. ...
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Why the euro zone crisis still has legs
Globe and Mail
A new credit crunch seems inevitable, deepening the downturn. The banks' blood loss probably ranks as Europe's biggest economic threat. The 17-country euro zone already has two unelected (or technical) governments – in Greece and Italy. ...
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Globe and Mail
Euro Zone Breakup: The Day After
Wall Street Journal (blog)
The FX manager on the other end of the line is screaming, “Greece has left the euro, the rest of the periphery is teetering, the markets are panicked. Get into the office. Now!” A bit dramatic. An impossible scenario, most market participants still...
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Christopher Hitchens, polemicist who slashed all, dies at 62
Livemint
In 1981, he married a Greek Cypriot, Eleni Meleagrou. The marriage ended in divorce. He is survived by their two children, Alexander and Sophia; his wife, Carol Blue, and their daughter, Antonia; and his brother, Peter. Hitchens' reporting onGreece ...
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Dollar Crushes Commodities
Gold Seek
Just as Europe had finally scraped together a deal to bail out overspendingGreece, the socialist Greek Prime Minister dynamited the entire package. So the euro collapsed that day. And since it accounts for 58.6% of the USDX's weight, ...
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Cyprus played key role in Christopher Hitchens' life
Cyprus Mail
After graduating from Oxford, and starting a career in journalism, Hitchens came to Cyprus in the 1970s to report on the conflict here for the New Statesman andNew Left Review. Apart from helping him earn his stripes in polemic debate, the island also ...
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Torrent of bad financial news flows out of Europe
Newsday
Reports said the envelopes contained notes threatening those named if the austerity package wasn't changed. GREECE: European officials told The Associated Press that private holders of Greekbonds were resisting EU efforts to persuade them to take a ...
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Newsday
Cash-Strapped Banks Struggle to Trade Trashed Bonds: Euro Credit
San Francisco Chronicle
The European Banking Authority demanded this month that the region's banks raise 114.7 billion euros in fresh capital to withstand writedowns on Greek bonds and other sovereign debt. Attracting additional funds may be challenging as lenders are ...
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Irish economy slumps as euro debt tensions mount
CBS News
EU heavyweight France also sought to come to grips with a new report putting the country on course for recession. The French statistics agency Insee forecast Thursday night that the country's economy would decline in the last quarter of 2011 and the ...
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Talks About Forgiving Greek Debt Proving Difficult
Salon
They were trying to work out the terms under which private creditors are willing to exchange their existing Greek bonds for new ones with a lower face value. The swap, which was meant to go ahead in early 2012, is supposed to reduceGreece's debt to ...
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BBC News - Greek euro exit: How would it hurt people in the UK?
By Ian Pollock Business reporter, BBC News. A shop owner sits on an old armchair at his open air antique shop in central Devaluation would impoverishGreeks ...
www.bbc.co.uk/news/business-15874549
As Greece slashes costs, the deaf left unaided - CBS News
Overnight, 15000 deaf people around Greece were left without help to report a ..."Now they are obliged to look for other work and take on other commitments, ...and invite disabled groups to join negotiations on a major new tax code due to ...
www.cbsnews.com/.../as-greece-slashes-costs-the-deaf-left-una...
Greek govt passes 2012 austerity budget - RTÉ News
Greece's new coalition government has secured enough parliamentary votes early to pass a 2012 budget. Greece's new ... Replayed at 9am on RTÉ News Now ...
www.rte.ie/news/2011/1206/greece.html
Wartime recipes feed cash-strapped Greeks | euronews, world news
world news - With Greeks in their third year of austerity living, the signs are that their ... so I imagine they'll also help now, especially the very poor and working class who ... A new report says 60000 businesses closed over the last two years....
www.euronews.net/.../wartime-recipes-feed-cash-strapped-gree...
Greece Africa News - World News Report
The Latest Greece Africa News from World News Report. ... present this year is the knowledge that right now a family in Africa is getting used to their new goat....
world.einnews.com/news/greece-africa
OECD Report | Greece.GreekReporter.com Latest News from Greece
The need for deep structural reforms in Greece is well-known. But a new OECDreport indicates that Athens may be incapable of such far-reaching changes. ...
greece.greekreporter.com/tag/oecd-report/
Greeks Tighten Belt With Crisis Cookbooks | Fox News
Fox Report ... 26, 2011: Greeks have turned to cookbooks for low-cost meals, with ... hit as millions of Greeks struggle to make ends meet in a new era of hardship ... "I read an article from the front page of a newspaper, 'How to collect crumbs' ... consumer organization KEPKA: People are now eating out less, cutting back on ...
www.foxnews.com/.../greeks-tighten-belt-with-crisis-cookboo...
IMF slashes growth forecast for Greece | Business | The Guardian
IMF report likely to fan financial market fears over debt default as Greecestruggles ... however, of further belt-tightening on a populace now stretched to the limit by a barrage .... Follow the latest business news, comment and analysis on Twitter ...
www.guardian.co.uk/.../13/imf-slashes-greek-growth-forecast
IMF: Greece can't tax its people any further | Deseret News
Read Church News ... Thomsen, speaking about the IMF's latest report onGreece's progress, said the country's structural reforms have fallen "well short" of...
www.deseretnews.com/.../IMF-Greece-cant-tax-its-people-any-...
Euro Crisis Uncertainty: Anxious Greeks Emptying Their Bank ...
Many Greeks are draining their savings accounts because they are out of work, face rising ... that has gone on for three years now: "Our banking system lacks the scope to finance growth." ... European leaders against the referendum, and a newgovernment was formed on Nov. ... Stay informed with our free news services: ...
www.spiegel.de/international/europe/0,1518,802051,00.html
Biden: US 'stands in solidarity' with Greece - Hawaii News Now ...
Hawaii News Now, Hawaii's live local late connected news leader. News, weather, sports, video, employment and real estate classifieds. Breaking News and ...
www.hawaiinewsnow.com/.../biden-arrives-in-greece-for-2-da...
Greece seeks to boost economy - Business - CBC News
A top Greek politician and European officials are discussing ways of kickstarting... story content; Skip to related news content; Skip to CBC accessibility page ...would have to cut spending further next year, but would not impose new taxes. ...time is now right to bring in new regulations. more » · Egypt's military clashes with ...
www.cbc.ca/news/.../12/.../greek-talks-kickstart-economy.html
Financial Mirror dot com - Greece braces for troika scrutiny, creditor ...
Follow us on Twitter. Home · News; Business & Economy; Story Detail. News ...off the notional value of their Greek bond holdings by 50% in exchange for newpaper. ... dire finances, and Greece now risks missing its 9% deficit target this year. ...
www.financialmirror.com/news-details.php?nid=25203
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