Greece braces for further general strike
- Christopher Tripoulas
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- March 09, 2010
NEW YORK -- Greek tax and garbage collectors walked off their jobs for a second day Tuesday as the country braced for a second general strike against government austerity measures.
Over a million c...
Greece And Its Bad Company
- Matthew Craft - Forbes
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- March 09, 2010
Even after a 5 billion euro ($6.81 billion) bond sale last week eased fears that Greece would default on its debts, Wall Street still ranks the country among the world's most dangerous. Judging by bon...
Greece will come through crisis without bailout, IMF head says
- Graeme Wearden - The Guardian
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- March 08, 2010
The head of the International Monetary Fund believes Greece will resolve its debt crisis without an IMF bailout, and today dismissed fears that other European nations will be engulfed by the crisis.
...
Budget cuts give Greece a break
- David Smith - Times Online
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- March 08, 2010
For George Papandreou, the Greek prime minister, last week brought the first real signs of relief in a crisis that has dominated his short time in office. His €4.8 billion (£4.3 billion) austerity pac...
Volcker Says Euro to Survive as Greek Budget Crisis Manageable
- Rainer Buergin and Philipp Encz
- •
- March 08, 2010
March 8 (Bloomberg) -- Former Federal Reserve Chairman Paul Volcker said European officials are lucky that the euro region’s first major crisis was sparked by one of its smaller members and he’s confi...
Greece: We Don’t Want to Be Europe’s Lehman
- Chris V. Nicholson - The New York Times
- •
- March 05, 2010
Deficits can pave the wave to popularity in politics, at least in the short run, and they tempt even the most conservative parties to spend big.
The reasons why politicians avoid austerity became c...
Greek Crisis: A Dire Warning From Argentina and Latvia
- Uri Dadush and Bennett Stancil - Carnegie Endowment for Int'l Peace
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- March 04, 2010
Greece has been profligate and fiscally irresponsible. Still, the contrasting experiences of Argentina and Latvia in dealing with excessive spending and currency overvaluation—problems that now plague...
The snag in Greece's salary solution
- Shelley DuBois
- •
- March 04, 2010
NEW YORK (Fortune) -- Greek prime minister George Papandreou may have made a big mistake. As part of a plan to fix his nation's ruined economy, he announced Wednesday that he aims to cut 30% of civil ...
Greece will need further measures: report
MILAN (Reuters) - Greece will need to take further action in 2011 and 2012 to repair its public finances, EU Economic and Monetary Affairs Commissioner Olli Rehn said in an interview on Thursday.
T...
Moody's: Greece must carry out cuts plan perfectly
LONDON, March 4 (Reuters) - Greece must implement its austerity plan perfectly or face the prospect of a rating cut, Moody's senior analyst Sarah Carlsson told Reuters Insider TV on Thursday.
"Anyt...
The Greek Austerity Message
- Robert McMahon and Roya Wolverson - Council on Foreign Relations
- •
- March 03, 2010
The Greek government's March 3 announcement of another round of shock therapy (FT) is intended to signal that Athens is prepared to attack a sovereign debt problem that has roiled the European Union a...
Austerity steps to ease, not end Greek crisis
- Andrew Torchia
- •
- March 03, 2010
LONDON (Reuters) - Austerity steps announced by Greece on Wednesday may pave the way for European Union government aid, easing fears that Greece could lose its ability to borrow from debt markets at a...
S&P, Fitch react to Greece's new measures
SINGAPORE (Reuters) - Standard & Poor's said on Wednesday that it was "less pessimistic" on Greece than financial markets, after worries over Greece's debt problems led to increased risk aversion in m...
Greece Approves Plan for New Taxes and Pay Cuts
- Niki Kitsantonis - New York Times
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- March 03, 2010
ATHENS — The Greek government Wednesday approved another round of tax increases and pay cuts for public employees as part of new austerity measures aimed at reducing the country’s huge budget deficit ...
POLL-Economists predict "slow burn" crisis for Greece
- Andy Bruce
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- March 02, 2010
LONDON, March 2 (Reuters) - Greece will probably fail to rebuild its finances convincingly this year and its crisis will likely continue through 2010 in a "slow burn" scenario, a Reuters poll of econo...
Will crisis-hit Greece be another Lehman Brothers?
by Xinhua Writer Ming Jinwei
BEIJING, March 2 (Xinhua) -- The world faces the possibility that embattled Greece will become another Lehman Brothers by escalating the European sovereign debt crisis ...
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