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Feb 11, 2012

GREECE News, Feb 11, 2012

The Greek Government Is Falling Apart
Business Insider
Markets are sour, the euro is diving, and suddenly the picture no longer looks rosy in Greece. We'll keep you up to speed throughout the day right here with all the latest news coming out of Greece. UPDATE (8:25 AM ET): Violence has broken out again, ...
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Stocks dip on Greece uncertainty
Herald Sun
Video Video Clashes in Greece over bailout demands Another two Greekministers resign Two more deputy ministers have resigned from Greece'scoalition government over new austerity measures. London's benchmark FTSE 100 index fell 0.73 per cent to ...
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Stocks' worst day of 2012: Market drops on Greece snags
USA TODAY
NEW YORK (AP) – Stocks had their worst day of the year Friday after Greece hit a roadblock on its way to a critical bailout. By Richard Drew, AP Traders working on the floor of the New York Stock Exchange on Feb. 8, 2012. By Richard Drew, AP Traders...
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USA TODAY
Climax nears in Greek drama
Reuters
Euro zone officials have said February 15 marks a cutoff points for agreement on a new bailout deal, without which Greece will have no funds to cover the March repayments. "We have a very stretched timetable, so if there's no agreement on Wednesday any ...
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TREASURIES-Bonds up on Greece doubt; data focus next week
Reuters
In the latest development, Eurogroup chair Jean-Claude Juncker set three conditions for Greece to receive a second bailout worth 130 billion euros ($170 billion). Juncker said the Greek parliament must ratify the package when it meets on Sunday and a ...
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Greece's coalition party leaders back bailout deal
Atlanta Journal Constitution
By DEMETRIS NELLAS AP ATHENS, Greece — The leaders of the two parties backing Greece's coalition government made dramatic appeals to their deputies Saturday to back legislation that calls for harsh new austerity measures — essential ifGreece is to ...
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Atlanta Journal Constitution
Oil falls on Greece deal doubt, but up on week
Reuters
By Robert Gibbons | NEW YORK (Reuters) - Oil prices fell on Friday, but posted gains for the week, as the latest hitches in negotiations on a Greekbailout package pressured oil, the euro and equities. A reduced oil demand growth forecast from the ...
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European Stocks Slide as Greeks Fail to Agree on Austerity Deal
Bloomberg
“If Greece comes out now and says it will no longer play along and chooses to default, that may trigger a drop in European equities,” said senior equity strategist Per Hansen at Silkeborg, Denmark-based Jyske Bank A/S. “The ECB intervention, ...
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ADR Report: Shares Slide As Greek Fears Trigger Bank Losses
Wall Street Journal
By Ian Thomson Of DOW JONES NEWSWIRES NEW YORK -(Dow Jones)- International companies trading in New York closed lower Friday, in line with the broader markets, as uncertainty over Greece intensified after euro-zone finance ministers held off on ...
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Stock Futures Falter on Greek Deal Doubts, Global Growth Concerns
TheStreet.com
By Andrea Tse 02/10/12 - 09:13 AM EST NEW YORK (TheStreet) -- US stock futures were falling Friday as the fate ofGreece's bailout was called into question and reportssuggested global economic growth continues to face pressure.
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TheStreet.com
Commodities fall across the board as Greece debt woes deepen, renewing ...
Washington Post
A key vote on the austerity measures is set Sunday in the Greek parliament despite public protests. Without approval of the plan, the country could default on its debt March 20. Investors are concerned that the lack of an agreement in Greece could hurt ...
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Asian Stocks Gain for Eighth Week on U.S. Jobless Report, Greece Austerity
Bloomberg
Asian stocks rose for an eighth week, with the regional index capping its longest streak of weekly advances since 2005, after the US jobless claims unexpectedly dropped and Greek political leaders struck a deal on a package of austerity measures.
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Oil falls below $99 a barrel, Greek bailout plan in limbo raises worries about ...
Washington Post
Greece's government promised to push through new austerity measures, but some lawmakers have balked as unions organized mass protests against the cuts. “This looks to drag out until the end of the month, now,” said Michael Fitzpatrick, editor-in-chief ...
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RATE FUTURES REPORT: Safety Sought If Greek Crisis Spreads
Wall Street Journal
However, euro-zone finance ministers called for more significant debt reduction that must also be approved by Greece's parliament. A Greekdefault on its own is not traders' main worry. Rather, "it's what the Greekdefault represents to other countries ...
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Greek Lawmakers Debate Bailout As Crisis Simmers
KVIA El Paso
By the CNN Wire Staff ATHENS, Greece (CNN) -- Greece's Cabinet approved austerity measures demanded in return for a new eurozone bailout of the debt-stricken country Saturday, a day ahead of a crucial vote in Parliament. The Cabinet move comes after ...
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TSX Ends Lower On Greek Deal; Down 1.24% For Week -- Canadian Commentary
NASDAQ
The developments came amidst widespread protests in Greece with a 48-hour strike over the austerity proposals. There were several reports of clashes between protesters and riot police in Athens and several otherGreek towns and cities on Friday.
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The Week Ahead
International Business Times
(But it may not even be this weekend, as the latest media reports nowindicate a vote is due either Sunday or Monday.) The Greek budget plan presented to EU finance ministers on Thursday was deemed inadequate and the Greeks were told to find an ...
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Greek Debt Saga Back on Center Stage for Markets
CNBC.com
I think the EU (finance ministers) was a little harsh with the Greeks. It looks like they were trying to push them out of the euro zone. It could get bumpy next week,” said Art Cashin, UBS director of floor operations. Besides watching the latest scene ...
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Portugal watches Greek debt drama with foreboding
Chicago Tribune
LONDON (Reuters) - Portugal's economy will shrink as much as Greece'sthis year, according to IMF projections. The two will have identical current account deficits and the red ink in Portugal's budget will be almost as deep as in Greece's.
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Greek woes unsettle stocks and euro
Financial Times
By Vivianne Rodrigues in New York Friday 10:30 GMT. Global stocks have fallen and the euro retreated from a two-month high amid growing unrest in Greece and signs consumer confidence in the US is faltering. Adding to the negative sentiment, ...
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Financial Times
Stocks Slugged by Chaos in Athens
TheStreet.com
By Kaitlyn Kiernan 02/10/12 - 04:13 PM EST NEW YORK (TheStreet) -- Stocks posted their largest one-day decline of the year Friday as fears of a disorderly Greek default and signs of global economic slowdown dinged sentiment. The Dow Jones Industrial ...
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TheStreet.com
How west was won: Alberta, Sask., to lead for years
Globe and Mail
If it weren't so tragic, the repetitive nature of the Greek debt crisis might almost be funny. All we heard throughout the week was how Greece was getting ever closer to a deal with its lenders and its colleagues in the European Union.
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Gold Ends Lower As Doubts Over Greece Deal Resurface
NASDAQ
The resignations came amidst widespread protests in Greece with a 48-hour strike over the austerity proposals. There were several reports of clashes between protesters and riot police in Athens and several otherGreek towns and cities on Friday.
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Setback in Greek deal sends investors into bonds
Sacramento Bee
AP NEW YORK -- The latest setback in Greece's efforts to avoid defaulting on its debt sent investors rushing back into US Treasurys Friday. The yield on the benchmark 10-year Treasury note fell back below 2 percent as its price rose 56 cents per $100 ...
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Greek doctors battle hospital superbug
Bend Bulletin
By Bloomberg News BERLIN — Greek doctors are fighting a new invisible foe every day at their hospitals: a pneumonia-causing superbug that most existing antibiotics can't kill. The culprit is spreading through health centers already weighed down by a ...
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Business Highlights
BusinessWeek
Prime Minister Lucas Papademos promised to "do everything necessary" to ensure parliament passes the new austerity measures that would slapGreeks with a cut in the minimum wage during the fifth year of a recession. He also promised to replace any ...
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ADR REPORT-ADRs tumble on Greece fears, Petrobras weighs
Reuters Africa
By Ryan Vlastelica NEW YORK Feb 10 (Reuters) - US-listed shares of overseas companies tumbled on Friday as yet another setback with Greeceaccepting a debt deal pressured banks while oil giant Petrobras tumbled on weak results. A deal for Greece, ...
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Crude Oil Ends Lower On Greek Deal Uncertainty
NASDAQ
The resignations came amidst widespread protests in Greece with a 48-hour strike over the austerity proposals. There were several reports of clashes between protesters and riot police in Athens and several otherGreek towns and cities on Friday.
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FXWRAP: Euro Slips As Greek Drama Continues Unabated
MNI News
By Dennis Pettit NEW YORK, Feb 10 (MNI) - The dollar notched modest fresh gains against the euro Friday while slipping slightly against the yen, the driver being a pull-back in risk appetites amid fresh uncertainty over Greece. Euro-dollar was changing ...
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Canadian Dollar Retreats As Greek Uncertainty Deflates Risk Sentiment
Wall Street Journal
Political haggling continued in Greece as the country attempts to implement austerity measures needed ahead of securing crucial bailout funds. TheGreek Parliament is set to vote on the reforms this Sunday. Meanwhile, earlier Friday, Canada's December ...
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Greek Ministers Resign | Greece.GreekReporter.com Latest News ...
By A. Papapostolou
Ministers from a far-right party in Greece's coalition government have offered their resignation to Prime Minister Lucas Papademos, the Athens NewsAgency said. ... Greece's deputy foreign minister resigned Friday to protest tough new austerity measures demanded by the euro zone and International Monetary Fund in return for a second bailout of the debt-strapped country, according to several news reports. Marilisa Xenogiannakopoulou, a member of the majority socialist PASOK ...
Greece.GreekReporter.com Latest...
BBC News - Greek edges towards bailout deal
Continue reading the main story ... Pressure is rising on Greece's national unity government to agree tough ... Meanwhile, Dutch Prime Minister Mark Rutte also told public radio that a Greek exit from the eurozone now would be less risky than ... in the new memorandum which, aside from the dramatic impact on workers, it is ...
www.bbc.co.uk/news/business-16923706
EU to learn Greek debt deal content soon - World - CBC News
A spokesman for Greece's private creditors says Greek Premier Lucas ...story content; Skip to related news content; Skip to CBC accessibility page... rest of the 17-nation eurozone on the deal is a sign that they believe it isnow ... Earlier in the day, Greece's coalition leaders once again postponed a crucial meeting on new ...
www.cbc.ca/news/world/story/2012/02/.../world-markets.html
Eurozone crisis live: Greek bailout deal reached, but euro finance ...
Greek prime minister Lucas Papademos's office has announced that coalition ... A government minister has resigned, along with a senior member of the New Democracy party. ..... 3.16pm: Reports are now coming in that this afternoon's agreement was ..... 10.05am: Grim economic news fromGreece this morning -- the ...
www.guardian.co.uk/.../eurozone-crisis-live-greek-bailout-dea...
Treasurys gain; Greece goes back to drawing board
By Deborah Levine, MarketWatch NEW YORK (MarketWatch) — Treasury prices jumped ... Read story on Greece, Greek Finance Minister Evangelos Venizelos said a ...
www.marketwatch.com/.../treasurys-gain-as-greece-aid-delaye...
Penniless shepherd among Greece's top debtors: report - Latest ...
A penniless shepherd from the island of Crete is one of Greece's top state ...task facing the crisis-hitLatest news around the world and developments close to ... Parasyris, who now lives in a hut and has a flock of 50 sheep, told the daily he has ...
news.ph.msn.com/business/article.aspx?cp-documentid...
Greek premier says default would lead to 'chaos' - US News and ...
US News & World Report Politics ... Home > News > Greek premier says default would lead to 'chaos' ... to push through the tough new austerity measures and rescue a crucial euro130 billion ($170 billion) bailout deal after six members of the ...
www.usnews.com/.../greece-on-strike-as-bailout-deal-in-limbo
Greek coalition leaders face crucial deadline - RTÉ News
Nine News: Greek PM meets coalition leaders on bailout deal ... Now the parties - PASOK, the conservative New Democracy and far-right LAOS - must ... Paul Maguire reports on prostitution in Ireland in a one-hour Prime Time programme ...
www.rte.ie/news/2012/0205/greece.html
Greek police fire tear gas at protesters in latest clashes (VIDEO) — RT
Go to main page News Greek police fire tear gas at protesters in latest ...MORE ON THE STORY ... No arrests or injuries were reported after the clashes. ... Unless people stop them now, I'm wondering they may find tomorrow to be a little bit ...
rt.com/news/greece-protesters-clash-police-731/
Greeks Protest Over Tough Bailout Terms - Sky News
A wave of fresh protests hit Greece on Friday after the Greek people reacted angrily to the rejection ... Sky News HD - First for breaking news - Sky channel 517 ...
news.sky.com/home/business/article/16166988
Greek deal leads to modest gains on Wall St - Yahoo! News
News: NEW YORK (Reuters) - Stocks rose modestly for a third straight day... Euro zone officials say the full package must be agreed with Greece and... Providing support to the market was a report showing jobless claims fell last week, underscoring improvement in the labor market. .... Boy, glad thegreek deal is done now.
news.yahoo.com/stock-index-futures-mixed-cisco-seen-12071...
Greek debt deal is close, finance minister Venizelos says ...
The deal would have private creditors swap Greek bonds for new ones of a lower ... from finalizing" the debt relief agreement, Venizelos told a newsconference. ... To do that, Greece is now focusing on completing negotiations by the end of the ... To report corrections and clarifications, contact Standards Editor Brent Jones.
www.usatoday.com/money/world/story/2012-01-31/.../1
LIVE: All The Latest From Greece
Greek newspaper Kathimerini reports that there will also be a rally in front of parliament beginning ... NOW READ: Here's How Greece Would Leave The Euro > ...
www.businessinsider.com/live-latest-from-greece-2012-2
Euro scales 8-week peak vs dollar on Greece deal optimism | Reuters
NEW YORK (Reuters) - The euro rallied across the board on Tuesday, hitting an ... "What we have going on with the euro right now is a temporary relief rally and ... an eight-week high of $1.3270 in the wake of the Greek dealnews after blowing ... "Once the dust settles and the Greece story settles down, the market will start ...
www.reuters.com/.../us-markets-forex-idUSTRE80S0RY2012...
Greece caves in on civil service firings - Hawaii News Now - KGMB ...
Hawaii News Now, Hawaii's live, local, connected news leader. News, weather, sports, video, employment and real estate classifieds. BreakingNews and ...
www.hawaiinewsnow.com/.../intense-greek-talks-for-debt-deal.

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