Lessons from Latin America for Greece - FT.com

Lessons from Latin America for Greece - FT.com: "nderlying solvency problems were addr"

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History Shows Why Germany Should Help Greece

By John Sfakianakis Dec 4, 2012 1:37 AM GMT+0200

Bloomberg

Germany’s Chancellor Angela Merkel has at last opened the door to the possibility of writing off Greek debts, but only several years from now. As they decide on the right thing to do, Germans should take a close look at their own history.

Merkel says understands Germans' frustration over Greece: paper

 (AP Photo/Michael Sohn, File)
BERLIN| Fri Nov 30, 2012 6:01pm EST

(Reuters) - German Chancellor Angela Merkel said she understood her compatriots' doubts about a bailout deal for Greece, but insisted in an interview that aid for Athens was in the interests of Berlin and all euro zone members.

Europe’s Plan C for Greece Is No Better Than Plans A or B

Bloomberg
Europe’s leaders have reached Plan C in their efforts to rescue Greece. Unfortunately, it lacks a crucial element also absent in Plans A and B: adequate debt relief.

Greece, markets satisfied by EU-IMF Greek debt deal

(Reuters) - The Greek government and financial markets were cheered on Tuesday by an agreement between euro zone finance ministers and the International Monetary Fund to reduce Greece's debt, paving the way for the release of urgently needed aid loans.

GLOBAL MARKETS-Shares, euro fall on Greece, U.S. fiscal talks

Mon Nov 26, 2012 2:48pm EST

* U.S. stocks fall as fiscal talks set to resume

 * Market focus on outcome of Greece aid negotiations

 * Euro edges down vs dollar

 NEW YORK, Nov 26 (Reuters) - Stocks around the globe and the euro were mostly lower on Monday, with investors cautious over whether Greece will receive emergency aid to keep it financially afloat and no signs of progress by U.S. lawmakers to avoid the U.S. "fiscal cliff."

Standoff on Greece Driven by Short-Sighted Europolitics

http://www.forbes.com/sites/karlwhelan/2012/11/22/standoff-on-greece-driven-by-short-sighted-europolitics/

Forbes

Karl Whelan, Contributor

Economist focused on European macro issues

As Greece comes ever-closer to running out of money, the Eurozone finance ministers and the IMF have now met for two weeks in a row and failed to agree a new deal to loan Greece any additional funds.

IMF's Lagarde says important for euro zone to forge deal on Greece

(Reuters) - A crucial Eurogroup meeting next week on Greece should forge a deal that will put the insolvent country's economy on a sustainable path, International Monetary Fund (IMF) Managing Director Christine Lagarde said on Friday.

Europe, Central Bank Spar Over Athens Aid

Discord Over Who Should Shoulder Burden of Giving Greece More Time to Repay Loans Comes Ahead of Crucial Deadline

http://online.wsj.com/article/SB10001424052970204755404578101102365534718.html?mod=WSJ_EuroDebt__LEFTTopStories

By BRIAN BLACKSTONE and GABRIELE STEINHAUSER

Europe's governments and the European Central Bank are at odds about who should shoulder the financial burden of giving Greece more time to repay its loans and remain part of the euro zone.

Germany, France Say November Key to Keeping Greece in Euro

By Tony Czuczka and Brian Parkin on October 30, 2012

France and Germany will strive over the next four weeks to stop Greece from unsettling markets as officials work to put the country’s faltering bailout plan back on the rails, French Finance Minister Pierre Moscovici said.

'EU Should Admit that Greece Will Need Debt Cut'

http://www.spiegel.de/international/europe/german-press-comments-on-report-that-greece-will-need-more-aid-a-864010.html

Greece's international creditors have proposed that the country receive another debt writedown, this time from EU governments. That, say German media commentators, is hardly a surprise. Fresh aid for Athens, they argue, has been inevitable for months, but leaders have shied away from telling the truth.

Euro zone seeks to give Greece more time to cut, find more money

By Jan Strupczewski

BRUSSELS | Thu Oct 25, 2012 7:13am EDT

(Reuters) - Euro zone officials are expected to press ahead on Thursday with plans to give Athens two more years to meet its budget goals as well as examine ways of closing the yawning gap in Greece's finances.

EU leaders clash on fiscal powers as Greeks protest

Nikolia Apostolou and Sumi Somaskanda Special for USA TODAY

http://www.usatoday.com/story/news/world/2012/10/18/eu-debt-crisis-greece-protest/1641571/

European leaders meet to discuss fiscal unity amid disagreement over how to achieve it and protests over budget cuts in Greece.

Greek Euro Exit Unavoidable if IMF, Euro Zone Can't Agree

The Wall Street Journal

By COSTAS PARIS

The International Monetary Fund and Europe are still far from finding a common formula to tackle Greece's explosive debt crisis, with the IMF insisting on a "haircut" on the principle that Athens owes its creditors, while euro-zone governments dismissed the proposal because of political repercussions.

"Grexit" could spark global economic crisis: German think tank

(Reuters) - A Greek exit from the euro zone could trigger a global economic crisis of dire proportions and must be avoided at all costs, a respected German think tank said in a study published on Wednesday.

Greece Will Probably Leave Euro Within Six Months, Borg Says

By Johan Carlstrom and Josiane Kremer on October 13, 2012

As European Union leaders prepare for a summit next week devoted to saving the euro, Swedish Finance Minister Anders Borg said Greece may quit the common currency within the next six months.

Greece’s biggest cheerleader: Angela Merkel

Posted by Anthee Carassava on October 9, 2012 at 3:53 pm

 The Washington Post

ATHENS, Greece – Last summer, as a team of top European leaders huddled in a Brussels ballroom to discuss the continent’s deepening debt crisis, Antonis Samaras walked into a hostile reception.

IMF, EU Press Greece on Reforms

The Wall Street Journal

Updated October 9, 2012, 5:41 a.m. ET

By RIVA FROYMOVICH, MATINA STEVIS and GEOFFREY T. SMITH

LUXEMBOURG—Greece's official creditors failed to make any visible headway Monday in averting the country's looming debt crunch, drawing a diplomatic veil over suggestions of heated exchanges at their latest meeting.

Euro Finance Chiefs to Give Positive Greece View, Rehn Says

By Kati Pohjanpalo on October 08, 2012

http://www.businessweek.com/news/2012-10-07/euro-finance-chiefs-to-give-positive-greece-statement-rehn-says

Euro-zone finance ministers meeting today are likely to make a positive statement on Greece’s progress toward meeting austerity targets needed to free the nation’s next bailout payment, European Union Commissioner for Economic and Monetary Affairs Olli Rehn said.

Eurozone rescue fund launch due

http://www.bbc.co.uk/news/business-19868868

The eurozone's new permanent fund to bail out struggling economies and banks will be launched later at a meeting of finance ministers.