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.

Sima Qian: China's 'grand historian'

By Carrie Gracie

BBC News, Beijing

http://www.bbc.co.uk/news/magazine-19835484

Speaking truth to power has always been a high-risk strategy in China. Its rulers tend to prefer flattery, and writers who forget this do so at their peril. China's "grand historian" - 2,000 years ago - was one of many who have paid a terrible price.

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.

Greece: Merkel's euro headache returns

http://www.bbc.co.uk/news/world-europe-19868571

The moment will be watched closely. On Tuesday the German Chancellor, Angela Merkel, will visit Athens. It will be her first visit to Greece since the crisis erupted nearly three years ago.

Greece says still seeking more time to pay off debt

PARIS | Thu Oct 4, 2012 2:32pm EDT

(Reuters) - Greece is still hoping the European Central Bank will agree to give it more time to repay debt and allow euro zone rescue funds to be used to recapitalize its banks, Prime Minister Antonis Samaras said on Thursday.

Farmers, Shipyard Workers Protest in Greece

ATHENS, Greece October 4, 2012 (AP)

Greek police clashed with shipyard workers protesting pay arrears Thursday after they broke into the Defense Ministry grounds, while hundreds of farmers on tractors tried to invade the country's second-busiest airport on Crete during an anti-austerity protest.

Greece looks out to sea for gas wealth salvation

By Oleg Vukmanovic and Stephen Jewkes

LONDON/MILAN | Wed Oct 3, 2012 8:15am EDT

(Reuters) - Offshore natural gas could dramatically change Greece's fortunes, should early estimates of $600 billion worth of reserves be confirmed, according to a study presented to Prime Minister Antonis Samaras in June and seen by Reuters.

Greece's Piraeus Bank reaches deal to buy Geniki: sources

By Lefteris Papadimas and George Georgiopoulos

ATHENS | Tue Oct 2, 2012 2:42pm EDT

(Reuters) - Greece's Piraeus Bank (BOPr.AT) has struck a preliminary deal to buy French lender Societe Generale's (SOGN.PA) loss-making Greek unit Geniki (GHBr.AT) to strengthen its position amid a brutal debt crisis, two sources close to the talks told Reuters.

UPDATE 1-Greece pushes for austerity deal as time runs short

Tue Oct 2, 2012 3:22pm EDT

By Renee Maltezou

Oct 2 (Reuters) - Greece held a new round of talks with foreign lenders to bridge differences over 2 billion euros of disputed austerity cuts on Tuesday, with time running short to clinch a deal before a meeting of euro zone ministers next week.

Mitt Romney's Terrible Wall Street Journal Op-Ed

It's official: The Republican nominee has no new ideas for the Middle East.

From http://www.foreignpolicy.com

Greece to stay in recession for 6th year, 2013 draft budget shows

The Washington Post

By Associated Press, Published: October 1

ATHENS, Greece — Greece’s brutal recession is set to extend into a sixth year in 2013, when the economy will contract by another 3.8 percent, according to forecasts in the draft budget submitted to Parliament on Monday.

Global Factory Weakness Spreads as Debt Crisis Persists

By Simone Meier and Michelle Jamrisko on October 01, 2012 

From Bloomberg Buisinessweek

 (Corrects euro-area unemployment rate in third paragraph.) For more on Europe’s debt crisis, see TOP CRIS.)

Manufacturing from Europe to China contracted in September as the euro region’s fiscal crisis eroded investor confidence and clouded global growth prospects.

Greek Economy to Shrink More Than Expected Next Year

By STELIOS BOURAS

The Wall Street Journal

ATHENS—Greece's economy will contract more than projected in 2013, its sixth year of recession, under the weight of the next round of austerity measures demanded by international creditors, according to a draft budget the government will submit to parliament Monday, two senior officials said.

Μίσος σε φόντο σκοτεινό

20/09/2012

http://www.protagon.gr/?i=protagon.el.8emata&id=18346

του Γ. Σιδέρη

Ήταν δραματική η περιγραφή του αντισυμβατικού βουλευτή, ενός από τα δύο μικρότερα κόμματα τα οποία στηρίζουν την κυβέρνηση Σαμαρά. Βρέθηκε σε μπαράκι, στέκι από τα παλιά, με δυο φίλους, τους οποίους γνώριζε τουλάχιστον από εικοσαετίας.

Syrian children speak of beatings, burnings, electric shocks

(Reuters) - Khalid, 15, said he was hung by his arms from the ceiling of his own school building in Syria and beaten senseless. Wael said he saw a 6-year-old starved and beaten to death, "tortured more than anyone else in the room".

Exclusive: IMF, EU clash over Greece's bailout prospects

By Dina Kyriakidou and Lesley Wroughton

ATHENS/WASHINGTON | Wed Sep 26, 2012 5:48pm EDT

A Fragile Euro System Still Needs a Genuine Banking Union

By the Editors Sep 24, 2012 1:30 AM GMT+0300

Bloomberg

As recently as a couple of weeks ago, it seemed that Europe’s governments had reached agreement on the need for a banking union. This consensus, if it ever existed, is unraveling, and that’s dangerous.

Greece May Seek ECB Debt Rollover to Plug Financing Gap

Published: Tuesday, 25 Sep 2012 | 6:33 AM ET

From http://www.cnbc.com

Greece may seek a rollover of its bonds held by the European Central Bank or try to raise additional short-term debt to plug a possible financing gap in the coming years, a deputy finance minister said in a document released on Tuesday.

Berlin Seeks to Push Back New Euro-Crisis Aid Requests

The Wall Street Journal

By MARCUS WALKER

BERLIN—Progress on two of the euro zone's most pressing concerns—containing the crises in Greece and Spain—faces holdups up in Germany, where Chancellor Angela Merkel is reluctant to ask parliament to vote on measures that are likely to raise fierce opposition from within her own coalition.