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Welcome, 77 artists, 40 different points of Attica welcomes you by singing Erotokritos an epic romance written at 1713 by Vitsentzos Kornaros

Monday, August 20, 2012

European Central Bank Rejects Speculation About Its Bond-Buying Intentions


Daily Mail

European Central Bank Rejects Speculation About Its Bond-Buying Intentions
New York Times
FRANKFURT — The European Central Bank sought Monday to discourage speculation that it might act far more aggressively to contain borrowing costs for countries like Spain, while issuing a rare rebuke to government officials who have encouraged the ...
ECB Quashes Yield-Cap SpeculationWall Street Journal
The Truth About ECB Bond Yield Targeting And Why It Won't HappenForbes
Euro Fluctuates as Bundesbank Criticizes ECB's Bond-Buying PlanBusinessweek
Financial Times -Reuters India
all 1,045 news articles »

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Greece Readies More Cuts

Details of Greece's €11.5 billion ($14.2 billion) austerity plan are emerging as Prime Minister Antonis Samaras moves to demonstrate his government is serious about cost-cutting efforts.

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Germany dampens Greek hopes of revised spending targets


Deutsche Welle

Germany dampens Greek hopes of revised spending targets
Deutsche Welle
Foreign Minister Guido Westerwelle has asked his Greek counterpart to wait for the latest report from the so-called "troika" of financial overseers before considering changes to the country's austerity targets. Guido Westerwelle told reporters in ...
Greek PM Prepares Cost-Cutting Plan Ahead Of Key MeetingsWall Street Journal
Greek, German ministers kick off euro diplomacyBoston.com
German and Greek Officials Meet Over Bailout TermsNew York Times
NBCNews.com (blog)
all 1,376 news articles »

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News Summary: Greece Seeks $11.5B In Spending Cuts


News Summary: Greece Seeks $11.5B In Spending Cuts
TheStreet.com
MORE STILL: Greece has been operating on two multibillion-dollar international bailouts from other European countries and the International Monetary Fund since its debt crisis came broke in 2010. But despite taking a series of harsh austerity measures ...

and more »

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News Summary: Greece seeks $11.5B in spending cuts


News Summary: Greece seeks $11.5B in spending cuts
Washington Post
MORE STILL: Greece has been operating on two multibillion-dollar international bailouts from other European countries and the International Monetary Fund since its debt crisis came broke in 2010. But despite taking a series of harsh austerity measures ...

and more »

READ THE ORIGINAL POST AT www.washingtonpost.com

News Summary: Germany insists on Greece reforms


News Summary: Germany insists on Greece reforms
Boston.com
HIGH FINANCE: Europe's leaders are in a high-stakes week of financial diplomacy that could determine Greece's future. The first round began Monday with Germany's foreign minister hosting his Greek counterpart ahead of a meeting in Berlin on Friday ...


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Forest fires in Greece, Spain and France

Forest fires cause people to flee in Greece, Spain and France.

READ THE ORIGINAL POST AT www.telegraph.co.uk

Germany: Greece must follow through with reforms

La canciller alemana Angela Merkel en una conferencia de prensa conjunta con el primer ministro canadiense Stephen Harper en el parlamento de Ottawa el jueves, 16 de agosto del 2012. Un aliado de Merkel insistió que no hay espacio para hacer más concesiones a Grecia en torno a las condiciones de su programa de ayuda financiera, y ve pocas posibilidades de que la coalición gobernante alemana respalde un tercer paquete de rescate al país helénico. (Foto AP/The Canadian Press,Patrick Doyle)Europe's leaders are gearing up for a high-stakes week of financial diplomacy that could determine Greece's future — and the stability of the 17 countries that use the euro.



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Germany will not soften Greek demands


Globe and Mail

Germany will not soften Greek demands - foreign minister
Reuters
| BERLIN Aug 20 (Reuters) - Germany will not substantially soften its agreements with Greece, its foreign minister Guido Westerwelle said on Monday, after meeting with his Greek counterpart Dimitris Avramopoulos. Greece is expected to lobby for a ...
German foreign minister: Greece should stay in eurozone and follow through ...Washington Post
German and Greek Officials Meet Over Bailout TermsNew York Times
Germany: Greece must follow through with reformsNewsday
Economic Times
all 1,092 news articles »

READ THE ORIGINAL POST AT in.reuters.com

Greece seeking to finalize $15 billion in spending cuts ahead of top-level ...


AFP

Greece seeking to finalize $15 billion in spending cuts ahead of top-level ...
Washington Post
ATHENS, GreeceGreece's finance officials were working Monday to finalize €11.5 billion ($14.19 billion)in spending cuts necessary for it to continue receiving the international funding that is protecting it from bankruptcy. Finance Minister Yannis ...
Greece seeking to finalize $15 bln spending cutsBoston.com
Greece seeking to finalize 11.5 bln spending cutsSacramento Bee

all 142 news articles »

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Greece seeking to finalize $15 bln spending cuts


Greece seeking to finalize $15 bln spending cuts
The Seattle Times
Greece seeking to finalize $15 bln spending cuts. Greece's finance officials were working Monday to finalize (EURO)11.5 billion ($14.19 billion)in spending cuts necessary for it to continue receiving the international funding that is protecting it from ...


READ THE ORIGINAL POST AT seattletimes.com

Greece seeking to finalize 11.5 bln spending cuts


Telegraph.co.uk

Greece seeking to finalize 11.5 bln spending cuts
Sacramento Bee
ATHENS, Greece -- Greece's finance officials are seeking to finalize (EURO)11.5 billion in spending cuts necessary for it to continue receiving the international funding that is protecting it from bankruptcy. Finance Minister Yannis Stournaras was ...
Greece must remain in eurozone: StournarasSydney Morning Herald

all 127 news articles »

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Greek, German ministers kick off euro diplomacy





BERLIN (AP) — Greece's foreign minister meets his German counterpart Monday at the start of a new high-stakes round of financial diplomacy that could help determine the future of the 17 countries that use the euro.

The parliamentary leader of Merkel's conservative bloc, Volker Kauder, has insisted that there is no room for giving Greece more time and says he sees little chance of Germany's governing coalition supporting a third rescue package.

A regional official with one of the country's governing parties, Bavarian state finance minister Markus Soeder, has called for Greece to leave the currency this year and argued that "an example must be made of Athens" — comments Westerwelle has criticized.

The ECB has said that it may buy government bonds to drive high borrowing rates down if countries first ask for help from Europe's bailout funds — a move that would benefit countries such as Spain and Italy.


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Finland Europe minister: no new Greece aid without reforms


Finland Europe minister: no new Greece aid without reforms
Reuters
HELSINKI Aug 20 (Reuters) - Finland's European affairs minister ruled out any new aid programme for Greece without structural reforms, saying support for the debt-burdened country was always conditional. "There will be no third (aid) package if it does ...

and more »

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ECB Official: Greece Should Remain In Euro


Business Recorder

ECB Official: Greece Should Remain In Euro
TheStreet.com
German officials and lawmakers are making clear they have no appetite for granting Greece more time to comply with the terms of its rescue packages or other concessions. Asmussen was quoted as telling the daily Berliner Zeitung it's up to Greece to ...
ECB official says Greece should remain in eurozone, exit would be very costlyWashington Post
EU Leaders Plan Shuttle Talks to Bolster GreeceBusinessweek
EU Leaders Plan Shuttle Talks to Bolster Greece, Sovereign BondsSan Francisco Chronicle

all 250 news articles »

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ECB official: Greece should remain in euro

A top European Central Bank official says Greece should remain in the eurozone — arguing that, though an exit would be manageable, it would be very costly and push up unemployment in Europe.

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Greek bid on bailout could fuel a standoff


Boston Globe

Greek bid on bailout could fuel a standoff
Boston Globe
FRANKFURT — While the Greek prime minister, Antonis Samaras, will be greeted with military honors when he arrives in Berlin on Friday, his pleas for easier bailout terms could meet with a cool reception, setting up a standoff that could unsettle the ...
German politicians say no leeway for Greece on reformsChicago Tribune
Merkel looks both ways on GreeceMarketWatch
Report: Merkel ally rejects concessions to GreeceThe Associated Press
Businessweek
all 239 news articles »

READ THE ORIGINAL POST AT bostonglobe.com

Tension Over Aid to Greece Could Unsettle Markets


Times LIVE

Tension Over Aid to Greece Could Unsettle Markets
CNBC.com
While the Greek prime minister, Antonis Samaras, will be greeted with military honors when he arrives in Berlin on Friday, his pleas for easier bailout terms could meet with a cool reception, setting up tension that could unsettle the financial markets ...
German politicians say no leeway for Greece on reformsReuters
Report: Merkel ally rejects concessions to GreeceThe Associated Press
Greece needs 2.5 billion extra spending cuts over two years: paperChicago Tribune

all 232 news articles »

READ THE ORIGINAL POST AT www.cnbc.com

No wiggle room for Greece, Merkel ally says


No wiggle room for Greece, Merkel ally says
AFP
BERLIN — The parliamentary head of Angela Merkel's party warned Sunday that crisis-wracked Greece had "no room for manoeuvre" ahead of talks this week between the German chancellor and the Greek prime minister. Volker Kauder, parliamentary group ...


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