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Saturday, November 10, 2012

Opinion poll shows Greek opposition pulling ahead


Opinion poll shows Greek opposition pulling ahead
Reuters
ATHENS (Reuters) - Three percent of Greeks trust their politicians, according to a new survey which shows rising support for opposition parties across the spectrum, from left-wing SYRIZA to ultra-nationalist Golden Dawn. According to the KAPA Research ...


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The Greek Diet: Let Them Eat Expired Food


The Greek Diet: Let Them Eat Expired Food
Greek Reporter
Well, if this doesn't take the week-old stale cake! Greek Prime Minister Antonis Samaras, of the caviar-and-champagne caste that runs Greece and has never missed a 5-star meal, says the answer to hunger in Greece, where two million people are out of ...


READ THE ORIGINAL POST AT greece.greekreporter.com

New Greek, Roman, And Byzantine Art Galleries Open Tomorrow At The Art ...


New Greek, Roman, And Byzantine Art Galleries Open Tomorrow At The Art ...
Chicagoist
The Art Institute has been renovating some of its galleries to make the spaces match the world class art housed inside. The African Art and Indian Art of the Americas galleries opened last summer, and tomorrow is the opening of the Mary and Michael ...


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Greece Shrugs Off EU Loan Delay


Greece Shrugs Off EU Loan Delay
Greek Reporter
Greece is downplaying reports that the Eurozone will not act at a Nov. 12 meeting of finance ministers to disburse a long-delayed $38.8 billion loan (31.5 billion euros) installment despite approval by the Greek Parliament of a contentious $17.45 ...


READ THE ORIGINAL POST AT greece.greekreporter.com

Greece should get more time, aid: ECB member


AFP

Greece should get more time, aid: ECB member
AFP
BRUSSELS — Debt-laden Greece should get more time and more aid if necessary to put its financial house in order and remain in the eurozone, a member of the European Central Bank said in an interview published on Saturday. "It is preferable that Greece ...
Greece sees no reason to worry about aidgulfnews.com
Greece will fail to reduce debt to a manageable level by 2020, warns ECB ...This is Money
Bankrupt Greece Unlikely to Get Bailout Next WeekThe Market Oracle
Businessweek -The Associated Press -The Nation
all 969 news articles »

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Bankrupt Greece Unlikely to Get Bailout Next Week


Bankrupt Greece Unlikely to Get Bailout Next Week
The Market Oracle
It has now been reported that for logistical reasons it is very unlikely Greece will be able to draw down on further bailout funds before the week of November 19 at the earliest, notwithstanding the approval of the Greek Parliament on Wednesday of the ...

and more »

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

Greek Court To Probe Parliament Worker Pay


Greek Court To Probe Parliament Worker Pay
Greek Reporter
Even as Greek Prime Minister Antonis Samaras has vowed to make another attempt to cut their pay and benefits, the Court of Audit is investigating the government's decision to exempt parliamentary workers from cuts in pay and benefits as part of a $17 ...

and more »

READ THE ORIGINAL POST AT greece.greekreporter.com

Ex-IMF rep says Greece needs another write-off


Ex-IMF rep says Greece needs another write-off
Oman Daily Observer
WASHINGTON — Only another write-down of Greece's debt will help stabilise the country financial situation, a just-departed director for India at the International Monetary Fund said yesterday. Arvind Virmani, who represented India at the IMF for three ...

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The worst of Europe's crisis may be over


Irish Times

The worst of Europe's crisis may be over
USA TODAY
Euro banknotes are projected on a screen. The European Central Bank announced that it will launch a new series of euro banknotes over coming years, starting with a new five-euro note in May 2013. (Photo: DANIEL ROLAND, AFP/Getty Images) ...
Greek Budget Deficit Narrows 42% in Jan-to-Oct Period -Deputy MinisterWall Street Journal
Fears Grow That Euro Will Drag Down GrowthCNBC.com
Euro Loses Most in 4 Months Against Yen on Fiscal Cliff, GreeceBloomberg
Financial Times -The Guardian
all 961 news articles »

READ THE ORIGINAL POST AT www.usatoday.com

Greece near bailout deal


Greece near bailout deal
CNN
Assuming Sunday's vote goes in favor of Prime Minister Antonis Samaras' coalition government, Greece would get two more years to meet budget targets set out in the original program in March, and gain access to €31.5 billion that Greece needs to ...

and more »

READ THE ORIGINAL POST AT money.cnn.com

Mr. Draghi's Dangerous Confidence Game

European Central Bank (ECB) Chairman, Draghi, has a very big agenda.  Armed with only a printing press, he’s pledging to directly bail out the GIIPS (Greece, Italy, Ireland, Portugal and Spain) and indirectly bail out their economies. Draghi’s betting his commitment will give private lenders the confidence needed to invest in [...]

READ THE ORIGINAL POST AT www.forbes.com

Euro at two-month low versus dollar on European growth concerns


Irish Times

Euro at two-month low versus dollar on European growth concerns
Reuters
NEW YORK (Reuters) - The euro dropped to a two-month low against the U.S. dollar on Friday and could extend losses further as fears mount that the euro zone's debt crisis and deteriorating economic conditions could drag down global economic growth.
Euro Declines to Four-Week Low Versus Yen on Greek Aid ConcernBloomberg
GLOBAL MARKETS: Euro Dips, Stocks Fall as Greece Concerns RiseWall Street Journal
Eurozone faces brinkmanship on GreeceFinancial Times
Washington Post (blog) -The Guardian -BBC News
all 960 news articles »

READ THE ORIGINAL POST AT www.reuters.com

Eight Investors Eye Greece's Stake in OPAP- Privatizations Agency


Eight Investors Eye Greece's Stake in OPAP- Privatizations Agency
Wall Street Journal
ATHENS--Greece's privatizations agency said Saturday eight potential investors have shown interest in acquiring a majority stake in Greek gambling monopoly OPAP, a key asset in the country's delayed privatizations program. In a statement, the Hellenic ...


READ THE ORIGINAL POST AT online.wsj.com

Former Greek PM attacks successor as Socialist rifts deepen


Former Greek PM attacks successor as Socialist rifts deepen
Chicago Tribune
ATHENS (Reuters) - The man who led Greece into the euro has attacked former Prime Minister George Papandreou's handling of the debt crisis, adding to infighting threatening the Socialist Party's position in the ruling coalition. Costas Simitis, who was ...

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Greek Budget Deficit Narrows 42% in Jan-to-Oct Period -Deputy Minister


Economic Times

Greek Budget Deficit Narrows 42% in Jan-to-Oct Period -Deputy Minister
Wall Street Journal
By Stelios Bouras. ATHENS--Greece's budget deficit narrowed 42% in the first 10 months of the year on slightly higher revenues despite the country's deepening recession, Deputy Finance Minister Christos Staikouras said Saturday. The shortfall for the ...
Worst of European financial crisis appears overCTV News
Fears Grow That Euro Will Drag Down GrowthCNBC.com
Euro Declines to Four-Week Low Versus Yen on Greek Aid ConcernBloomberg
Financial Times -The Guardian
all 950 news articles »

READ THE ORIGINAL POST AT online.wsj.com

Greek Budget Deficit Narrows 42%


AFP

Greek Budget Deficit Narrows 42%
Wall Street Journal
Next year's primary budget target, however, was recently revised lower by the Greek government from a forecast 1.1% surplus as austerity measures weigh on the economy. The country's annual economic output is expected to contract by 4.5% next year, in ...
Greek debt could go above 140 percent of GDP in 2020, ECB saysChicago Tribune
EURO GOVT-Growth, Greek concern propel Bunds higherReuters
Greek minister insists 'no need to worry' about aidAFP
Businessweek -HispanicBusiness.com -DailyFX
all 950 news articles »

READ THE ORIGINAL POST AT online.wsj.com

Greece sees no reason to worry about aid


Greece sees no reason to worry about aid
gulfnews.com
An EU official in Brussels backed Stournaras assuring that international creditors would not allow Greece to default on its debt and were ready to give Athens two extra years to put its house in order. “There will be no default, not accidental, not ...


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Taste trumps pronunciation at new Greek eatery


Taste trumps pronunciation at new Greek eatery
The Virginian-Pilot
Elias Fotopoulos, who owns It's All Greek To Me along with his wife Maria, honed his cooking skills while with the Greek merchant marine. He served six years as ship's cook. (Irene Bowers / For The Virginian-Pilot). View full-size photo | Buy Pilot ...


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Obama comments, fiscal cliff in focus


Business Today

Obama comments, fiscal cliff in focus
MarketWatch
Indications: Stock futures slip. U.S. stock futures fell on Friday, with investors awaiting remarks by President Barack Obama after a sharp, two-day post-election selloff tied to worries over the fiscal cliff and Greece's ability to secure urgently needed fiscal aid.
Blue Chips Finish in the BlackWall Street Journal
'Cliff' Fears Give Stocks Worst Week Since JuneCNBC.com
US Stocks Decline Amid Greece, Fiscal Cliff ConcernsBusinessweek
Reuters -CNNMoney -CNN
all 3,842 news articles »

READ THE ORIGINAL POST AT articles.marketwatch.com

ECB's Weidmann urges honest troika report on Greece


ECB's Weidmann urges honest troika report on Greece - paper
Reuters
BERLIN (Reuters) - Europe's politicians seem to have already decided to continue funding Greece, European Central Bank policymaker Jens Weidmann was quoted as saying on Saturday. The ECB Governing Council member and Bundesbank chief said ...

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Strikes continue in Greece


Philadelphia Inquirer

Strikes continue in Greece
World Socialist Web Site
The decision regarding payment is continually being delayed and used as a means of pressuring Athens to implement further cuts. On November 19, credit repayments of some €5 billion fall due, which Greece will be unable to pay out of its own resources.
Greece: A ticking budget bombPhiladelphia Inquirer
Greece is ripe for radical changeThe Guardian (blog)
EU keeps pressure on Greece after austerity voteThe Bostwana Gazette
Irish Times -Boston.com
all 3,530 news articles »

READ THE ORIGINAL POST AT www.wsws.org

Gold-Forex Correlations: Gold Watches US, Euro Watches Greece As Event Risk ...


Gold-Forex Correlations: Gold Watches US, Euro Watches Greece As Event Risk ...
DailyFX
Though Greece passed its new round of austerity earlier this week by a narrow margin, clearing one hurdle to receiving the next EUR 31.5 million tranche in aid, it still needs to pass its 2013 budget on Sunday and further approval by the Troika before ...

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