(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.
"Ό,τι η ψυχή επιθυμεί, αυτό και πιστεύει." Δημοσθένης (Whatever the soul wishes, thats what it believes, Demosthenes)
Wednesday, October 17, 2012
Tuesday, October 16, 2012
Greece, troika talks hit snag on labour reforms
(Reuters) -
Greece 's
labor minister and international lenders briefly suspended talks on austerity
cuts on Tuesday to confer with their leaders on the thorny issue of labor
reforms, which raised objections among government coalition partners.
Greece prepares second wave of privatizations
(Reuters) -
Greece
plans to launch tenders to sell or lease a string of state assets, including
its biggest refiner and two largest ports, as it battles to pay down debt and
meet the terms of an international bailout.
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 Is Not Poor; Has Abundance Of Uptapped Reserves Of Gold, Oil And Natural Gas
October 15th, 2012
Michael
Snyder: It turns out that the poster child for the European debt crisis is not
actually poor at all. In fact, the truth
is that the nation of Greece
is sitting on absolutely massive untapped reserves of gold, oil and natural
gas. If the Greeks were to fully exploit
the natural resources that are literally right under their feet, they would no
longer have any debt problems.
Greece and Troika deal after EU summit
FXstreet.com
(San Francisco ) - "It is difficult to reach
an agreement by the EU Summit" said Greece 's Finance Minister Giannis
Stournaras on Monday after meeting with Troika's officials. "There is
still the issue of the debt sustainability and the financing gap,"
Stournaras added and pointed that "all show that we are heading towards an
emergency Eurogroup" meeting.
Softening stance on Greece, Merkel rules out default
(Reuters) -
Chancellor Angela Merkel has ruled out letting Greece
default on its debt, in the latest sign Berlin
is softening its stance towards Athens
ahead of an eagerly awaited report on its reform progress from the
"troika" of international lenders.
Friday, October 12, 2012
Germany holds firm on Greece as IMF pressure mounts
By Antoni
Slodkowski and Julien Toyer
(Reuters) -
Germany held firm on Friday
in insisting it was too soon to say Greece deserved more time to meet
its budget-cutting goals even as the head of the IMF laid out the case for
leniency.
Labels:
Austerity measures,
Germany,
Greece,
Greek Crisis,
IMF
Thursday, October 11, 2012
Greece's Coca Cola Hellenic to switch main listing to London
ATHENS |
Thu Oct 11, 2012 3:34am EDT
Oct 11
(Reuters) - Coca Cola Hellenic, Greece's biggest company by market value, said
on Thursday it would switch its main bourse listing to London, where it hopes
to tap more liquidity from investors.
IMF’s Lagarde Says Greece Needs More Time to Meet Targets
By Sandrine
Rastello - Oct 11, 2012 7:36 AM GMT+0300
Oct. 11
(Bloomberg) --International Monetary Fund Managing Director Christine Lagarde
said Greece
should get two years to meet fiscal targets and suggested debt reductions are
needed before a 130 billion-euro ($167 billion) bailout can proceed.
Wednesday, October 10, 2012
Greece Welcomes Gold Miners to Rank First in Europe: Commodities
Bloomberg News
For three
years, Steve Sharpe’s company prodded Greek officials for permission to drill
for gold. Before approval was finally granted this year, European Goldfields
Ltd.’s battered share price attracted a takeover bid.
IMF Singles Out European Debt Crisis as Key Threat
source: Reuters
The
International Monetary Fund urged European policymakers to deepen the financial
and fiscal ties within the euro area with some urgency to restore sagging
confidence in the global financial system.
Nobel for quantum "parlour trick" that could make super computers
(Reuters) -
A French and an American scientist won the Nobel Prize in physics on Tuesday
for finding ways to measure quantum particles without destroying them, which
could make it possible to build a new kind of computer far more powerful than
any seen before.
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.
Tuesday, October 9, 2012
Greek anti-fascist protesters 'tortured by police' after Golden Dawn clash
Fifteen
people arrested in Athens
says they were subjected to what their lawyer describes as an Abu Ghraib-style
humiliation
Fifteen
anti-fascist protesters arrested in Athens
during a clash with supporters of the neo-Nazi party Golden Dawn have said they
were tortured in the Attica General Police Directorate (GADA) – the Athens equivalent of
Scotland Yard – and subjected to what their lawyer describes as an Abu
Ghraib-style humiliation.
Labels:
Golden Dawn,
Greece,
Greek Crisis,
Police Brutality
Athens Braces for Visit by Merkel
Security Is
Boosted as Authorities Fear Protests Could Grow and Overshadow Mission to Show Unity
By PHILIP
PANGALOS and JAMES ANGELOS
Labels:
Austerity measures,
Germany,
Greece,
Politics,
Troika
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
Labels:
Austerity measures,
European debt crisis,
Greek Crisis,
IMF
Monday, October 8, 2012
Euro Finance Chiefs to Give Positive Greece View, Rehn Says
By Kati
Pohjanpalo on October 08, 2012
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.
Labels:
Austerity measures,
European debt crisis,
Greek Crisis,
IMF,
Troika
Sima Qian: China's 'grand historian'
By Carrie
Gracie
BBC News, Beijing
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
The
eurozone's new permanent fund to bail out struggling economies and banks will
be launched later at a meeting of finance ministers.
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