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Feb 18, 2012

GREECE News, Feb 18, 2012

Greek Hopes Drive Dow Near 13K, Nasdaq Takes a Breather
Fox Business
In a significant development, the European Central Bank has swapped some of its Greek bond holdings for new ones, according to a report by Dow Jones Newswires. This shows the central bank's commitment to helping Greece reduce its debt load and take ...
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Greece 'very close' to debt-to-GDP-ratio cut
MarketWatch
By Tom Fairless FRANKFURT (MarketWatch) -- Greece will come "very close" to reducing its debt-to-GDP ratio to 120% by 2020 following newreform measures and a private creditor haircut, German newspaper Die Welt reports Saturday, citing people familiar ...
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Greece's aid package delay raises concerns, UK outlook clouded with uncertainty
FXstreet.com
The week started with optimism after the approval of austerity measures in the Greek Parliament, yet worries returned once again as the awaited euro area finance chief's meeting was cancelled and replaced by a telephone conference as Greece could not ...
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Merkel optimistic Greek deal can be agreed Monday
State Journal
Hours earlier, the French prime minister warned against letting Greecedefault. That means the euro currency union's main powers are nowpushing toward resolving the uncertainty hanging over Greece at a meeting of eurozone finance ministers on Monday.
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Stocks end mixed on renewed hopes for Greece
USA TODAY
By Christina Rexrode, AP NEW YORK – The Dow edged teasingly close to the 13000 marker on Friday, a milestone it hasn't reached since before the financial crisis brought the US economy to its knees. By Richard Drew, AP Traders work on the floor of the ...
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USA TODAY
Greece, U.S. data to dictate market's direction
MarketWatch
In a short trading week, first-time jobless claims, the Nasdaq's drive toward 3000 and the Greek debt deal will get attention. MarketWatch's Rex Crum reports. European Union finance ministers are scheduled to meet in Brussels on Monday to decide ...
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Canadian Dollar Gains for Second Day on Rising Inflation, Greece Optimism
Bloomberg
The Canadian dollar traded within a cent of the strongest level in three months against its US counterpart amid bets Greece will win a bailout and a government report that showed the inflation rate unexpectedly accelerated. The currency gained for the ...
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Op-Ed: World support for Greek people over austerity measures
DigitalJournal.com
Rallies are taking place around the world under the banner "We are all Greeks now" in call for solidarity against austerity measures. The show of solidarity is in response to what is increasingly seen as the suppression of the Greek people by ...
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DigitalJournal.com
Greece OKs escrow in return for aid: report
MarketWatch
By Tom Fairless FRANKFURT (MarketWatch) -- Greece's government has agreed to pay part of its revenue into an escrow account that would be used only for servicing debt, in return for receiving billions of euros innew aid, German newspaper Sueddeutsche ...
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A Hollow Target for Greek Debt
Wall Street Journal
In 2010, the latest year for which annual data are available, Greece'sdebt was 145% of GDP. In 2009, the IMF was projecting it would be 116% of GDP. And in earlier annual reports back to 2005, the IMF projectedGreece's debt in 2010 would be less than ...
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Gold Prices Settle Lower on Greek Bailout Uncertainties
TheStreet.com
Investors are keeping a close eye on Greece, with many growing increasingly confident that the country will be able to secure a new bailout package before a meeting of eurozone finance ministers on Monday, averting a disorderly default that could rock ...
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Oil mixed but up on week eyeing Iran, Greece
Reuters
By Gene Ramos | NEW YORK (Reuters) - Brent crude oil ended lower on Friday as investors booked profits after gaining for four straight days and hitting overbought conditions as it topped $120 a barrel. But Brent crude posted its fourth consecutive ...
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Treasury Notes Fall a Third Week Amid Greek Bailout Optimism
Bloomberg
Play Video Treasury notes fell for a third consecutive week amid speculation Greece will secure an aid package from European leaders, discouraging demand for the safest assets. Yields increased the past two days as reportsshowed claims for US jobless ...
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Bloomberg
Euro gets late boost on hopes for Greek deal
The News International
The euro got a boost from unconfirmed reports that the European Central Bank and individual country central banks are swapping their Greekbonds for new issues, taken as a sign that the complex deal to refinanceGreece's government might be going ...
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Greek Cabinet Mulls Austerity Mandates
Voice of America
The austerity measures are needed in order to secure a $170 billion bailout from the European Union and again prevent Greece from defaulting on its debt. But ministers are also expressing concerns about just how much more the Greek people can take.
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Hopes rise for Greek deal, but anger grows in eurozone
Pakistan Daily Times
Time is running out for Greece to seal the 130 billion euro ($170 billion) rescue and avoid bankruptcy, but Greek officials hope euro zone finance ministers will sign the deal off on Monday - a month before Athens needs the money to make 14.5 billion ...
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World stocks rise on hopes for Greece, US economy
Albany Times Union
"The bankers accepted giving up 70 percent of the loans they made to theGreeks, the Europeans must now keep their commitments, that is the position that France is defending." Optimism over a deal was further buoyed by Steffen Seibert, a spokesman for ...
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Merkel optimistic Greek deal can be agreed Monday
Live 5 News
Hours earlier, the French prime minister warned against letting Greecedefault. That means the euro currency union's main powers are nowpushing toward resolving the uncertainty hanging over Greece at a meeting of eurozone finance ministers on Monday.
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Oil Set for Biggest 2012 Weekly Gain on US Economy, Greek Aid
BusinessWeek
17 (Bloomberg) -- Oil rose for a third day in New York, heading for the biggest weekly gain this year, as signs of an improving US economy and progress on a bailout for Greece bolstered the outlook for fuel demand. Brent touched an eight- month high.
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Oil mixed, on track to end week up on Iran, Greece
Reuters
* Top European buyers of Iranian oil cut imports * Upbeat mood onGreece ahead of Monday meeting * Overbought signals pressure Brent (Recasts, updates prices, changes dateline previously LONDON and by-line) NEW YORK, Feb 17 (Reuters) - Brent crude oil ...
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Last updated at 4:23 AM on 18th February 2012
Daily Mail
'There are so many similarities between these periods,' said Nikolaidou. 'Of course, it was the Germans then, and once again the Germans are the dominant figures in our crisisnow.' Greeks seem torn between outrage at their venal politicians, ...
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Daily Mail
Immigrants targeted by far-right groups in Greece
FRANCE 24
Once in Athens, he was helped by the Afghan Community ofGreece, an association that offers immigrants Greekclasses and workshops on Greek culture, laws, and customs. Now, the organisation also informs new arrivals of the risk of racist attacks.
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FRANCE 24
Greek Hopes Boost Dow, Nasdaq Lags Behind
Fox Business
The European Central Bank has swapped some of its Greek bond holdings for new ones, according to a report by Dow Jones Newswires. This represents a significant development because it shows the central bank's commitment to helping Greece reduce its debt ...
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ADR Report: Shares Higher On Increased Optimism For Greek Bailout
Wall Street Journal
By Corrie Driebusch Of DOW JONES NEWSWIRES NEW YORK (Dow Jones)--International companies trading in New York closed mostly higher Friday, in line with the broader market, on renewed hopes for a Greekbailout. The Bank of New York index of ADRs rose ...
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Asian Currencies Rebound From Weekly Drop on Greece, U.S. Data
Bloomberg
“The Greek situation was fragile earlier this week and that gave investors selling opportunities,” said Shigehisa Shiroki, chief trader on the Asian and emerging-markets team at Mizuho Corporate Bank Ltd. in Tokyo. “Ultimately, Europe won't let Greece ...
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Pushed to the brink in Greece
Stuff.co.nz
"As a people, Greeks had a feeling that something bad would happen - and now they don't believe this recession will end." There is no shortage of finger-pointing and name-calling.Greeks mostly blame their politicians for the mess they are in.
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Stuff.co.nz
Greece on the edge
Melbourne Weekly Port Phillip
"As a people, Greeks had a feeling that something bad would happen - and now they don't believe this recession will end." There is no shortage of finger-pointing and name-calling. Greeks mostly blame their politicians for the mess they are in.
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Canadian Currency Rises Against Most Major Peers on Risk Demand
Bloomberg
Canada's dollar rose against most of its major counterparts, trading at almost a three-month high versus the US currency, as speculationGreece will win its second bailout next week fueled demand for higher-risk assets. The currency almost erased last ...
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Daly Gold Report(37)
Inside Futures
The world continues to watch Greece struggle in its attempt to meet thelatest austerity measures in order to receive its second rescue package.Eurogroup President Jean-Claude Juncker has invited euro zone ministers to a conference call on Wednesday, ...
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We Are All Greeks. Global Solidarity For Greece | Cyprus News Report
By Savvas Hadjigeorgiou
A global rally in solidarity of Greece is scheduled for today at 2 o'clock (12 o'clock GMT), in major cities all over the world, by a group calling itself “We are all Greeks”. They borrowed that name from British poet Percy Bysshe Shelley (August ...
Cyprus News Report - Fast-breaking...
Daily Mail Reports: Book a Greek Holiday as Soon as Greece ...
By Stella Tsolakidou
Greece.GreekReporter.com Latest News from Greece Greek News, Politics, Sports, Entertainment & Economy. News · Politics · Economy ...Daily Mail Reports: Book a Greek Holiday as Soon as Greece Defaults. By Stella Tsolakidou on ...
Greece.GreekReporter.com Latest...
Latest layoffs, cuts drive Greeks to despair - CBS News
CBS Evening News: Latest layoffs, cuts drive Greeks to despair - 15000Greek ... Greece's parliament from passing a European bailout deal -- but now the country ... to reform a broken system, as CBS correspondent Elizabeth Palmer reports.
www.cbsnews.com/.../latest-layoffs-cuts-drive-greeks-to-despa...
BBC News - Greek edges towards bailout deal
Continue reading the main story ... Pressure is rising on Greece'snational 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
Greek PM defends bailout deal ahead of vote - World - CBC News
From right to left, Greek Prime Minister Loukas Papademos, Leader of the ... says he now accepts that his organization did not report all allegations of sexual abuse ... News Corp. chief executive Rupert Murdoch discusses plans to open a new ...
www.cbc.ca/news/world/story/.../greece-financial-crisis.html
Greece Approves Crucuial Austerity Bill As Thousands ... - Fox News
Greece's parliament early Monday approved harsh new austerity measures ... Fox News/Fox Business (Article Page: FoxNews/SBC/Latino/Fox Business) ... On Air Now » Anchors and Reporters » ... The Journal Editorial Report ... More than 120 people were hurt in the rioting which also broke out in other Greek cities.
www.foxnews.com/.../buildings-set-on-fire-in-greece-ahead-d...
Eurozone crisis live: Greek president attacks Germany as bailout ...
In the new age of austerity, such expensive military hardware becomes harder ..... 3pm UPDATE: Tehran has now denied thiese reports – the Oil Ministry says IT ...
www.guardian.co.uk/.../eurozone-debt-crisis-greece-eurozone-...
Greek Parliament Passes Latest Austerity Vote | ZeroHedge
Sure enough, to paraphrase what we said before, the question now is what the ... This will make your hair stand on end...and according to news reports, it could ... The Greek parliament just passed the latestproposed austerity plan with a ...
www.zerohedge.com/.../greek-parliament-passes-latest-austerit...
Source: Greek plan cannot sufficiently reduce debt - US News and ...
US News & World Report Politics ... The diplomat was citing figures from a new report by Greece's international ... Now only one remains. that's your decision.
www.usnews.com/.../contagion-fears-back-on-greek-bailout-u...
Greece passes new austerity deal amid rioting - Yahoo! News
News: Greek lawmakers on Monday approved harsh new austerity measures ... A three-story building was completely consumed by flames as firefighters ... Vice Chancellor Philip Roesler said "that is now in the hands of the Greeks alone." ...
news.yahoo.com/greece-passes-austerity-deal-amid-rioting-23...
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/
Euro ministers cold on deal to bail out Greece - Hawaii News Now ...
Hawaii News Now, Hawaii's live, local, connected news leader. News, weather, sports, video, employment and real estate classifieds. BreakingNews and ...
www.hawaiinewsnow.com/.../greece-creditors-end-talks-witho...
Greek coalition party to oppose austerity measures | 7online.com
The leader of a small partner in Greece's coalition government said Friday his party would vote against the latest round of ... 7Online - WABCNew York News ...
abclocal.go.com/wabc/story?section=news/national...id...
The Greek Government Is Falling Apart - Business Insider
Although hopes for a positive outcome in Greece were buoyed by newsthat ... throughout the day right here with all the latest news coming out ofGreece. ... of the farm deputy, now it reports that the Greek foreign minister just resigned as well.
articles.businessinsider.com/.../31044955_1_greek-cabinet-me...
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 parties face Monday EU bailout deadline | Reuters
Talks on the new bailout, which would be Greece's second since 2010 - and an ... Now the parties - PASOK, the conservative New Democracy and far-right LAOS - must ... (Additional reporting by Angeliki Koutantou and George Georgiopoulos; Writing by Deepa Babington and David Stamp. ... Related Quotes and News ...
www.reuters.com/.../02/.../us-greece-idUSTRE8120HI201202
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