Greece: Debt Talks Must Be Done by Late Sunday
- Derek Gatopoulos and Demetris Nellas - The Associated Press
- •
- February 04, 2012
ATHENS, Greece (AP) — Greece's finance minister said negotiations for the bailout deal his country needs to avoid defaulting on its debts must be completed by late Sunday, but that a breakthrough is b...
Unpaid Electricity Bills in Greece Exceed 500,000
- ANA- MPA
- •
- February 03, 2012
AMNA--Unpaid electricity bills beyond 80 days, which include an extraordinary real estate surcharge, now exceed 500,000, according to the union representing state-run power company (PPC) employees.
...
Greece: ECB Must be Part of Debt Relief
- Nicholas Paphitis - The Associated Press
- •
- February 03, 2012
ATHENS, Greece (AP) — The European Central Bank and national central banks should be part of a debt relief deal with near-bankrupt Greece's private sector creditors ahead of a pressing deadline early ...
Greek Bailout Talks to Stretch into Weekend
- Derek Gatopoulos and Elena Becatoros - The Associated Press
- •
- February 03, 2012
ATHENS, Greece (AP) — "Crucial" issues remain to be resolved in Greece's critical negotiations over a second multibillion euro international bailout, and talks would continue into the weekend, the cou...
Unemployment Rate in Greece Has Soared to 19.2 Percent
- Andy Dabilis
- •
- February 02, 2012
ATHENS – Austerity measures demanded by international lenders to keep Greece from defaulting – it is already technically broke – have created a deep recession that now has left nearly one in five Gree...
Germany: No Public Contribution to Greek Haircut
- The Associated Press
- •
- February 02, 2012
BERLIN (AP) — Germany's finance minister says he sees no need for a public-sector contribution to cutting Greece's debt load as the country works toward a deal with its private creditors, and is insis...
EU Official: Greece Needs Extra $20 Billion
- Gabrielle Steinhauser - The Associated Press
- •
- February 02, 2012
BRUSSELS (AP) — Greece needs about an extra €15 billion ($20 billion) to get its debt down to manageable levels — and the rest of 17-country eurozone is being asked to help foot the bill.
Debt-ridd...
Greece, IMF Expect Deal Soon
- Elena Becatoros - The Associated Press
- •
- February 01, 2012
ATHENS, Greece (AP) — Greece and the IMF said Wednesday that negotiations for landmark debt deals will be concluded in a "matter of days," raising hopes that the country will dodge a disastrous defaul...
Greece 'a Step' Away from Twin Rescue Deals
- Derek Gatopoulos - The Associated Press
- •
- January 31, 2012
ATHENS, Greece (AP) — Greece has all but concluded a crucial deal to write off half its privately held debt and is now working on new austerity measures needed to secure continued bailout loans, Finan...
Greece: Debt Inspectors Delay Labor Talks
- The Associated Press
- •
- January 31, 2012
ATHENS, Greece (AP) — International debt inspectors have delayed a meeting with the Greek government to discuss ways of reducing employment costs — a key sticking point in negotiations between the str...
Source: Greek Deal Sees 70 Pct Loss for Investors
- Gabrielle Steinhauser - The Associated Press
- •
- January 30, 2012
BRUSSELS (AP) — A person familiar with the negotiations to slash Greece's massive debt says private creditors participating in the deal would face an overall loss on their bondholdings of around 70 pe...
Greece: Banks Warn Bond Deal Could Delay Merger
- The Associated Press
- •
- January 30, 2012
ATHENS, Greece (AP) — Greek lenders Eurobank and Alpha Bank say a planned merger to create the country's largest bank by assets could be put on hold because of debt-relief negotiations between the cri...
EU Leaders Seek Growth but Greece Case Looms
- Gabrielle Steinhauser & Sarah DiLorenzo - The Associated Press
- •
- January 30, 2012
BRUSSELS (AP) — European leaders were trying Monday to find ways to boost economic growth and create badly needed jobs, even as they drew up tighter spending limits to avoid a repeat of the crippling ...
Greek Debt Deal May Not Equal Wall Street Relief
- The Associated Press
- •
- January 29, 2012
NEW YORK (AP) — Greece and the investors who bought its bonds have the beginnings of a deal that could avert a disastrous, long-feared Greek default on its debt. But don't expect a celebration on Wall...
Germans Float Direct EU Control over Greek Budget
- Juergen Baetz - The Associated Press
- •
- January 28, 2012
BERLIN (AP) — A German official says Greece should temporarily cede sovereignty over tax and spending decisions to a powerful eurozone budget commissioner to secure further bailouts.
The official s...
Greece Tries to Revive Debt Relief Deal
- Nicholas Paphitis - The Associated Press
- •
- January 26, 2012
ATHENS, Greece (AP) — Greece will try to revive a debt relief deal needed to avoid a potentially disastrous default when it resumes talks on Thursday with its private creditors in Athens.
Greek Pre...
Greece Hopes for Debt Swap Deal by End of Week
- Gabrielle Steinhauser and Nicholas Paphitis - The Associated Press
- •
- January 25, 2012
ATHENS (AP) — Greece is aiming to complete negotiations on its debt swap deal by the end of the week, the government's spokesman said Wednesday, adding that the talks were at their "most delicate phas...
Greek Unions, Employers Discuss Wage Cuts (Video)
- Nicholas Paphitis - The Associated Press
- •
- January 25, 2012
ATHENS, Greece (AP) — Greek workers and employers launched talks on private sector wage cuts Wednesday, a week after Communist protesters blocked a first attempt, with both sides trying to avoid any c...
War of Words over Greek Debt Heats Up
- The Associated Press
- •
- January 24, 2012
ZURICH (AP) — The war of words between Europe and private investors heated up Tuesday as talks to reduce Greece's massive debt burden hit an impasse.
While the finance ministers of the countries th...
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