(Reuters) -
The euro zone may give Greece
more time to meet fiscal targets agreed under its international bailout, the
chairman of the euro zone finance ministers said in an interview published on
Thursday.
"Ό,τι η ψυχή επιθυμεί, αυτό και πιστεύει." Δημοσθένης (Whatever the soul wishes, thats what it believes, Demosthenes)
Thursday, May 23, 2013
EU may give Greece more time to meet fiscal targets: Dijsselbloem
Wednesday, May 22, 2013
UPDATE 1-Gazprom pushes for concessions in sale of Greece's DEPA
Tue May 21,
2013 2:28pm EDT
* Binding
bids for DEPA due May 29
* Sintez,
SOCAR to bid for DEPA's gas grid unit DESFA (Adds meeting between Gazprom chief
and Greek Prime Minister)
By Harry Papachristou
ATHENS, May
21 (Reuters) - Gazprom is squeezing Athens for better terms to buy DEPA,
Greece's sole retail gas distributor, a Greek official said, as the Russian gas
export monopoly leverages its position as the only major player in the running.
Tuesday, May 21, 2013
Greece Isn’t Turning the Corner
By Megan
Greene May 20, 2013 12:56 AM GMT+0300
Bloomgerg
(Corrects Greece ’s projected 2015-16 budget
funding gap in 15th paragraph.)
Judging
from the markets and English-speaking news media this week, Greece ’s
damaged economy has finally turned the corner. I doubt it.
Labels:
Austerity measures,
Grecovery,
Greece,
Greek Crisis,
Troika
Saturday, May 18, 2013
UPDATE 1-Greece slow on asset sales but may tap bond market soon-EU/IMF
Fri, May 17
2013
* Pace of
privatisations unsatisfactory - EU/IMF report
* Athens might try to tap
bond markets in 2014 - EU official
* Country
needs 4 bln euros extra savings to meet 2016 goals
BRUSSELS/ATHENS,
May 17 (Reuters) - Greece's foreign lenders expressed concern at its slow pace
of asset sales on Friday but praised the country for tackling its budget gap
and said it may be able to tap bond markets in 2014.
Labels:
Austerity measures,
Greek Crisis,
Structural Reforms,
Troika
Friday, May 17, 2013
Samaras Seeks China Investment to Revive Battered Greek Economy
By
Bloomberg News - May 17, 2013
Greek Prime
Minister Antonis Samaras promised to give the “red-carpet treatment” to foreign
investors as he visited China
to help revive an economy that contracted for the 19th straight quarter.
Thursday, May 16, 2013
Bond Rally Feeds Greek Recovery
The Wall
Street Journal
Greek bonds
rallied further today on news late Tuesday that Fitch was upgrading the country
from CCC to B-minus, pushing yields to their lowest levels in nearly three
years and adding fresh impetus to the first steps of recovery. After highs of
36.58% in 2011, the 10 year yield fell to 8.15% Wednesday, according to
Tradeweb.
Greek 3-month borrowing costs hit lowest in two years
May 14
(Reuters) - Greek borrowing costs fell to their lowest since April 2011 in a
sale of 1.3 billion euros ($1.69 billion) worth of government Treasury bills on
Tuesday, the country's debt agency PDMA said.
The T-bills
were priced to yield 4.02 percent, down from 4.05 percent in a previous auction
last month. The sale's bid-cover ratio was 1.75, up from 1.65 in the previous
auction. Monthly T-bill sales are Greece 's sole remaining source of
market funding. (Reporting by Lefteris Papadimas; Writing by Karolina Tagaris;
Editing by Harry Papachristou)
Tuesday, May 14, 2013
Cyprus Gets First Aid Tranche as Greece Cash Backed
By Corina
Ruhe and Karl Stagno Navarra - May 13, 2013
Bloomberg
Thursday, May 9, 2013
ECB says has tools left to act if needed
By Sakari
Suoninen and Martin Santa
(Reuters) -
The European Central Bank still has room to maneuver should the euro zone
economy continue to worsen after it cut interest rates to a new record low last
week, ECB policymakers said on Wednesday.
Wednesday, May 8, 2013
Krugman’s Still Wrong
NATIONAL
REVIEW ONLINE
By Michael
Tanner
Paul
Krugman has never been shy about proclaiming that he is right and everyone else
is wrong — and not just wrong, but “knaves and fools.” Lately, however, one
begins to worry that he might actually hurt himself, so vigorously has he been
patting himself on the back for his opposition to “austerity” (defined as any
cut in government spending, anytime, anywhere).
Tuesday, May 7, 2013
IMF: Greece making progress but must do more on taxes
By Anna
Yukhananov
10:04am EDT
WASHINGTON
(Reuters) - Greece
has made progress in reducing government debt and improving its
competitiveness, but needs to follow through on structural reforms to ensure
its economy recovers, the IMF said on Monday after a mission visit to the
country.
Wednesday, May 1, 2013
Three men charged with undermining Boston bombing probe
3:26pm EDT
By Scott
Malone, Tim McLaughlin and Mark Hosenball
BOSTON/WASHINGTON
(Reuters) - U.S. authorities on Wednesday charged three men with interfering
with the investigation of the Boston Marathon bombing, accusing two students
from Kazakhstan of hiding a laptop computer and backpack belonging to one of
the suspected bombers.
The third
man, a U.S. citizen named Robel Phillipos, was charged with making false
statements to investigators.
UPDATE 9-Oil tumbles on weak U.S., euro zone economic reports
Tue, Apr 30 2013
* Brent-WTI spread settles below $9 for first time since 2011
* Brent oil down over 7 pct, biggest monthly fall since May 2012
* Coming Up: EIA data, Wednesday 10:30 a.m. EDT (1530 GMT
By Anna Louie Sussman and Jonathan Leff
Monday, April 29, 2013
Greek Parliament Passes Plan for Layoffs
The New
York Times
April 28,
2013
By NIKI
KITSANTONIS
Saturday, April 27, 2013
Euro zone set to approve 2.8 billion euros for Greece on Monday
(Reuters) -
Senior euro zone officials will meet on Monday to approve payment of another
2.8 billion euros (2.35 billion pounds) in rescue loans for Greece , on
condition that the country's lawmakers approve a reform law the day before, the
country's finance minister said on Saturday.
Friday, April 26, 2013
Greece is right to expose German loans hypocrisy
The Guardian
As the Athens-Berlin spat intensifies, both sides must approach the eurozone crisis with humility or face dire consequences
Adolf Hitler's military chief, Walther von Brauchitsch, centre, and colleagues at the Acropolis in Athens, Greece, in 1941. Photograph: Roger Viollet/Getty Images
Greece forgets much of its history when it demands Germany repays loans made during the second world war.
As the Athens-Berlin spat intensifies, both sides must approach the eurozone crisis with humility or face dire consequences
Adolf Hitler's military chief, Walther von Brauchitsch, centre, and colleagues at the Acropolis in Athens, Greece, in 1941. Photograph: Roger Viollet/Getty Images
Greece forgets much of its history when it demands Germany repays loans made during the second world war.
Wednesday, April 24, 2013
Greece Internal Devaluation Update
April 23,
2013, 2:48 PM ET
ByMatthew
Dalton
The Wall
Street Journal
Without the tool of currency
devaluation, the euro zone is hoping “internal devaluation” can restore
competitiveness to the bloc’s periphery. What’s that?
It’s an
economy-wide fall in wages and, more broadly, prices. Officials have been
careful not to say the “D” word – that’s “deflation” – but Europe ’s
policies call for a period of deflation in euro-zone countries with the worst
competitiveness problems.
Labels:
Austerity measures,
Deflation,
Economy,
Greek Crisis
Saturday, April 20, 2013
Greece may get bailout cash advance to pay bills –reports
(Reuters) -
Greece
might receive 3.2 billion euros of earmarked rescue aid earlier than planned to
cover part of its financing needs, two Greek newspapers reported on Saturday.
The Excel Depression
April 18,
2013
The New
York Times
By PAUL
KRUGMAN
In this age of information, math errors can
lead to disaster. NASA’s Mars Orbiter crashed because engineers forgot to
convert to metric measurements; JPMorgan Chase’s “London Whale” venture went
bad in part because modelers divided by a sum instead of an average. So, did an
Excel coding error destroy the economies of the Western world?
Friday, April 19, 2013
With Boston Manhunt, Media Is Part of a Story It Is Covering
The New
York Times
April 19,
2013
By BRIAN
STELTER
Reporters,
camera crews and ordinary citizens with cellphone cameras were squarely in the
middle of the manhunt in Boston
that gripped the nation on Friday, and the result was some of the most
startling, and at times unnerving, news coverage in years.
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