(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.
"Ό,τι η ψυχή επιθυμεί, αυτό και πιστεύει." Δημοσθένης (Whatever the soul wishes, thats what it believes, Demosthenes)
Saturday, April 20, 2013
Greece may get bailout cash advance to pay bills –reports
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.
Police officer shot to death at MIT campus near Boston
By Scott
Malone
(Reuters) -
A police officer for the Massachusetts Institute of Technology was shot to
death on Thursday night at the school's Cambridge
campus, touching off a manhunt in a community on edge just days after the
Boston Marathon bombing.
Greece 2013
By Andrew Stuttaford
April 18,
2013 6:51 PM
The New
York Times reports:
Wednesday, April 17, 2013
Boston bomb suspect identified on video, no arrest made
By Svea
Herbst-Bayliss and Scott Malone
(Reuters) -
Investigators believe they have identified a suspect in the Boston Marathon
bombing from security video, a law enforcement source said on Wednesday, but no
arrest had yet been made.
Police may
make an appeal to the public for more information at a news conference
scheduled for later on Wednesday, a government source said.
Earlier,
CNN reported a suspect was in custody, citing Boston and law enforcement sources, but later
retracted its report.
Monday, April 15, 2013
Greece Reaches New Deal With Lenders
April 15, 2013
The New
York Times
By NIKI
KITSANTONIS
“We
wrapped it up; we have a deal with the troika,” Finance Minister Yannis
Stournaras told reporters.
Sunday, April 14, 2013
UPDATE 2-Troika concludes Greek bailout review, next aid tranche soon – source
Sat Apr 13,
2013 3:09pm EDT
* EU/IMF
conclude Greek bailout review of reform progress
*
Eurogroup, IMF likely to discuss deal in May
* Greece to wrap
up talks with troika by Monday night
By Annika
Breidthardt and Renee Maltezou
DUBLIN/ATHENS,
April 13 (Reuters) - An inspection team of international lenders has finished
its review of Greece's austerity programme, paving the way for another 10
billion euros aid payment, a source with knowledge of the talks said on
Saturday.
Labels:
Austerity measures,
Coalition Government,
Greece,
Greek Crisis,
Troika
Thursday, April 11, 2013
Greece Beats 1Q Budget Targets for 2013
By Dow
Jones Business News, April 10, 2013,
08:25:00 AM EDT
Greece’s Unemployment Rate Increased to Record High in January
By Tom
Stoukas - Apr 11, 2013 1:45 PM GMT+0300
Bloomberg
The
seasonally adjusted rate rose to 27.2 percent from a revised 25.7 percent in
December, the Athens-based Hellenic Statistical Authority said in an e-mailed
statement today. That’s the highest level since the agency began publishing
monthly data in 2004.
Wednesday, April 10, 2013
UPDATE 1-Deposits flew into Greek banks during Cypriot crisis
Wed Apr 10,
2013 5:21am EDT
(Adds
details)
(Reuters) -
Greek bank deposits rose by more than 1.5 billion euros in March despite fears Cyprus 's banking crisis would trigger deposit
outflows in other indebted euro zone economies, Greece 's central bank chief said.
More than
19 billion euros have returned to Greece since mid-June last year
when the election of a pro-bailout government allayed fears of a messy Greek
exit from the euro zone.
Tuesday, April 9, 2013
Greece enters deflation for first time in 45 years
Greek
consumer prices fell year-on-year in March, taking the battered economy into
deflationary territory for the first time since 1968.
By Denise
Roland
1:58PM BST
09 Apr 2013
March
prices slumped 0.2pc year-on-year, according to figures from the Greek
government's statistical agency Elstat.
"Iron Lady" Thatcher mourned, but critics speak out
By Guy
Faulconbridge and Kate Holton
(Reuters) -
Britain and admirers worldwide are mourning Margaret Thatcher, who has died
aged 87, as the "Iron Lady" who rolled back the state and faced down
her enemies during 11 years as Britain's first woman prime minister.
Her impact
on the 1980s was such that opponents, including Labour's Tony Blair and Soviet
leader Mikhail Gorbachev, led tributes to a legacy that radically transformed
the British economy along free-market lines now widely taken for granted and
includes her role in the peaceful end to the Cold War.
Greek Banks Suspend Merger Talks
The New
York Times
April 8,
2013
By NIKI
KITSANTONIS
Labels:
Bank Recapitalization,
Greek Crisis,
National Bank,
Troika
Wednesday, April 3, 2013
Cyprus Bailout Details Emerge After IMF Deal
By MATINA
STEVIS in Brussels and ALKMAN GRANITSAS in Athens
The Wall
Street Journal
Tuesday, April 2, 2013
Greece to extend bank recapitalization deadline: central bank chief
(Reuters) -
Greece
will extend a deadline for the recapitalization of its banks by a few weeks,
possibly until the end of May, Greek central bank chief George Provopoulos said
on Monday.
Greek
banks, which are being recapitalized with funds from the country's latest
EU/IMF bailout, have been lobbying for the terms of the recapitalization scheme
to be sweetened and also sought an extension to an end-April deadline for the
plan.
Saturday, March 30, 2013
Cypriots Cast Blame as Banks Open
Capital is
Surprisingly Orderly as Branches Restart; President Calls for Probe Into
Economic Crisis
NICOSIA—Cyprus's
banks reopened from a nearly two-week hiatus on Thursday with little sign of
disorder among depositors, even as the country's politicians pointed fingers
over who was to blame for the financial sector's meltdown.
Thursday, March 28, 2013
The Cyprus bail-out
This septic
isle
Being tough
on bank creditors could prove costly for northern European taxpayers
The
Economist
Mar 30th
2013 |From the print edition
THE second
deal to bail out Cyprus
was much better than the first. For one thing, there was actually a deal: with
the €10 billion ($13 billion) loan the prospect of the euro zone’s first exit
has receded. An agreement among euro-zone finance ministers to wind up Laiki
Bank, Cyprus ’s
second-biggest bank, and restructure Bank of Cyprus, the largest lender on the
island, undid the worst elements of the initial botched agreement. Savers with
accounts below the €100,000 deposit-guarantee threshold will be spared. Losses
will hit creditors of weak banks in line with the normal hierarchy:
shareholders and junior bondholders first, followed by senior bondholders and
uninsured depositors.
Wednesday, March 27, 2013
The Euro Zone’s Slinky Economy
March 27,
2013, 11:32 AM EST
ByAlen
Mattich
The Wall
Street Journal
Remember
the Slinky, the toy spring that compresses and extends to walk down stairs,
bounce off tables and generally amuse children for minutes at a time?
Well, the
Slinky is a fair mechanical approximation of the euro zone economy.
Except it’s
not so entertaining.
Cyprus, Seriously
The New
York Times
Paul Krugman
MARCH 26,
2013, 4:42 PM
Paul Krugman
A
correspondent whom I respect has (gently) challenged me to say plainly what I
think Cyprus
should do — leaving aside all questions about political realism. And he’s
right: while I think it’s OK to spend most of my time on this blog working
within the limits of the politically possible, and relying on a combination of
reason and ridicule to push out those limits over time, once in a while I
should just flatly state what I would do if given a chance.
So here it
is: yes, Cyprus
should leave the euro. Now.
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