Greek GDP Shrank Less Than Initially Reported in 4Q
- Paul Tugwell
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- March 12, 2010
March 12 (Bloomberg) -- Greece’s economy shrank less than first reported in the fourth quarter of last year as the country struggled to cut the European Union’s largest budget deficit.
Gross domest...
Patchwork Pension Plan Adds to Greek Debt Woes
- Landon Thomas Jr. - The New York Times
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- March 12, 2010
ATHENS — Vasia Veremi may be only 28, but as a hairdresser in Athens, she is keenly aware that, under a current law that treats her job as hazardous to her health, she has the right to retire with a f...
Greece wallowed in recession before austerity cuts
- Christopher Tripoulas
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- March 12, 2010
ATHENS, Greece — Greece's economy was still shrinking and unemployment remained above 10 percent at the end of 2009, just before the government announced harsh spending cuts that are expected to drive...
Merkel says confidence now key for Greece
THE HAGUE, March 11 (Reuters) - German Chancellor Angela Merkel said on Thursday the first priority for Greece is to win back the confidence of financial markets and that the debt-stricken country's f...
Greece says no budget slippage, concerned by yields
(Reuters) - Greece is ahead of schedule with plans to tame its budget deficit and there has been no slippage in moves to rein in spending, the government said in a report submitted to the European Uni...
Fears of a Greek bank run
- Dody Tsiantar
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- March 10, 2010
(Fortune) -- In the middle of the 2001 debt crisis, Argentines stormed their nation's banks to get their money out. To stop the stampede, the government imposed controls that allowed them to take out ...
Greece plans more bond offerings: report
By Polya Lesova
FRANKFURT (MarketWatch) -- Debt-laden Greece is planning to raise more money through bond offerings, according to a published report. The government in Athens hopes to raise 10 bill...
Greece's Finmin Papaconstantinou on financial crisis
- Richard Quest, Stephanie Elam, Jim Boulden, John Defterios - CNN
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- March 10, 2010
CNN International held an interview with Greek Finance Minister George Papaconstantinou on Monday March 8, 2010, ahead of his meetings with U.S. officials like Treasury Secretary Timothy Geithner.
...
Greek strike to shut down services Thursday
- Stevenson Jacobs - The Associated Press
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- March 10, 2010
ATHENS, Greece — Greek unions will stage their second nationwide strike in a week on Thursday, shutting down all public services, closing schools, customs and tax offices, halting public transport and...
Proposal for European Monetary Fund Meets Resistance
- Matthew Saltmarsh - NY Times
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- March 10, 2010
PARIS — The German proposal to establish a European monetary fund ran into skepticism at home and abroad Tuesday, highlighting the political and legal hurdles that such an undertaking would face.
I...
UPDATE: Greece says EU could intervene, mechanism in works
- Harry Papachristou and Jan Strupczewski
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- March 10, 2010
(CNBC) -- Greece is likely to formally ask the European Union for financial aid if the cost of borrowing does not fall in coming weeks and, if it doesn't get it, may go to the International Monetary F...
Greece braces for further general strike
- Christopher Tripoulas
- •
- 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...
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