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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

Saturday, December 1, 2012

UPDATE 2-PM says Greek pension funds won't join debt buy-back


Wall Street Journal

UPDATE 2-PM says Greek pension funds won't join debt buy-back
Reuters
ATHENS Dec 1 (Reuters) - Greek pension funds will not take part in a debt buy-back that is a key part of the country's international bailout, Greek Prime Minister Antonis Samaras said in a newspaper interview. Greece must conduct the deal by Dec. 13 ...
Greek debt buy-back will not apply to Greece's pension funds: PMFox Business
What's Missing in the Latest Greek BailoutNew York Times
Hedge Funds May Hold Back Greek Bond Plan, Nomura SaysBloomberg
Business Insider -Wall Street Journal -Forbes
all 100 news articles »

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Pictures from the Week in Business, Nov. 30

Mary Schapiro stepped down from the S.E.C., but her tenure left the agency in a stronger position; the holiday shopping season got off to a shakier start than retailers had hoped for; and new aid to Greece was on its way after European financial leaders reached a deal.


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PM says Greek pension funds won't join debt buy-back

ATHENS (Reuters) - Greek pension funds will not take part in a debt buy-back that is a key part of the country's international bailout, Greek Prime Minister Antonis Samaras said in a newspaper interview.



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Greek debt buy-back will not apply to Greece's pension funds: PM


Wall Street Journal

Greek debt buy-back will not apply to Greece's pension funds: PM
Reuters
ATHENS (Reuters) - Greek pension funds will not take part in a debt buy-back that is a key part of the country's international bailout, Greek Prime Minister Antonis Samaras said in a newspaper interview. "The debt buy-back does not concern the pension ...
What's Missing in the Latest Greek BailoutNew York Times
Hedge Funds May Hold Back Greek Bond Plan, Nomura SaysBloomberg
The Only Analysis You Need To Read On The Latest Deal To Save GreeceBusiness Insider
Wall Street Journal -Forbes
all 83 news articles »

READ THE ORIGINAL POST AT www.reuters.com

Greek debt buy-back will not apply to Greece's pension funds


Greek debt buy-back will not apply to Greece's pension funds - PM
Reuters
ATHENS Dec 1 (Reuters) - Greek pension funds will not take part in a debt buy-back that is a key part of the country's international bailout, Greek Prime Minister Antonis Samaras said in a newspaper interview. "The debt buy-back does not concern the ...


READ THE ORIGINAL POST AT www.reuters.com

FOREX-Euro rises vs dollar, heads for 4th straight month of gains


Business Recorder

FOREX-Euro rises vs dollar, heads for 4th straight month of gains
Reuters
Fri Nov 30, 2012 2:21pm EST. * Euro hits 7-month high vs yen, more than 5-week high vs dollar * U.S. fiscal talks dominate traders attention * Expectations of BoJ easing add to selling pressure on yen By Wanfeng Zhou NEW YORK, Nov 30 (Reuters) - The ...
Dollar Pares Losses Against Euro After Boehner Damps OptimismBloomberg
Euro Eases as Dollar Climbs on Fiscal ConcernsWall Street Journal
Euro briefly trades at $1.30MarketWatch
Financial Times -NASDAQ -MNI News
all 322 news articles »

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After Greece: Ireland's next move


New Europe

After Greece: Ireland's next move
Irish Times
Europe moved this week to grant a new swathe of financial concessions to Greece in a renewed effort to prevent the country falling into an abyss. Only days before another harsh budget in Dublin, the development underlined the Irish Government's failure ...
Greece rescued againNew Europe
Greece in new bank result delayed ahead of debt buybackEconomic Times
The argument for buying GreekQuartz
Reuters -Business Insider -International Business Times
all 71 news articles »

READ THE ORIGINAL POST AT www.irishtimes.com

"The euro is a currency with a state", says ECB's Coeure

Benoit Coeure, Treasury Chief Economist, reacts as he speaks the day after France nominated him as a candidate for the executive board of the European Central Bank at the Bercy Finance Ministry in ParisPARIS (Reuters) - European Central Bank policymaker Benoit Coeure urged euro zone governments on Saturday to forge a closer political union, arguing "the euro is a currency with a state" whose branches of government need more clearly defining. Praising the deal reached earlier this week to reduce Greece's debt burden as an unprecedented commitment by euro zone governments to keep the crisis-wracked state within the single currency, Coeure told an economic forum in Paris there needed to be closer political coordination to manage crises. ...



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Chancellor Merkel says she understands German taxpayers' frustration over ...


Chancellor Merkel says she understands German taxpayers' frustration over ...
Washington Post
BERLIN — Germany's chancellor says she understands the frustration felt by many Germans over the repeated bailout programs for Greece. But Angela Merkel also insists that helping debt-ridden Greece is in her country's self-interest because it helps ...

and more »

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Merkel acknowledges Germans' frustration on Greece


Merkel acknowledges Germans' frustration on Greece
Boston.com
But Angela Merkel also insists that helping debt-ridden Greece is in her country's self-interest because it helps stabilize the 17-nation eurozone on which Germany's prosperity depends. In an interview released Saturday, Merkel told Sunday tabloid Bild ...

and more »

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Greece rescued again


New York Times (blog)

Greece rescued again
New Europe
Last 27 November, the Eurogroup finance ministers “saved” Greece from bankruptcy once again, by agreeing to disburse € 43 billion over the next few months. By doing so, they bought some more time for Greece but also for themselves. It has indeed been ...
Greece in new bank result delayed ahead of debt buybackEconomic Times
The argument for buying GreekQuartz
Euro zone looking for Greece to buy back 40 billion euros of debt: officialsReuters
Wall Street Journal (blog) -New York Times (blog) -Press TV
all 55 news articles »

READ THE ORIGINAL POST AT www.neurope.eu

Moody's Axes EFSF And ESM, Blames France


Business Today

Moody's Axes EFSF And ESM, Blames France
Forbes
With peripheral bond yields tightening and the Eurozone breathing a generalized sigh of relief after Greece was given enough cash to survive for a few months, Moody's decided to ruin the party and downgrade the credit ratings of the EU's bailout facilities and ...
Moody's downgrades euro zone rescue funds, keeps negative outlookCNBC.com
European rescue mechanism loses triple-A ratingMarketWatch
Moody's cuts AAA rating of ESM rescue fundBBC News
Reuters -Telegraph.co.uk
all 365 news articles »

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Greece holds first B2B trade show in China


Greece holds first B2B trade show in China
China.org.cn
The trade show was one of the recent steps Greece has taken to promote economic and cultural exchanges with China, said Pelagia Karpathiotaki, president of the Institute of Economic and Cultural Action Greece-China (IECGC) and the organizer of the show ...


READ THE ORIGINAL POST AT www.china.org.cn

Spanish Bonds Advance on Greek Deal; Bunds Gain on Fiscal Cliff


Spanish Bonds Advance on Greek Deal; Bunds Gain on Fiscal Cliff
Bloomberg
Spain's bonds rose this week, with yields falling the most in almost three months, as an agreement by euro-area ministers to ease the terms of aid to Greece boosted demand for the debt of so-called peripheral nations. Italy's government securities ...

and more »

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News of the Day From Across the Globe




Masked men in jackets emblazoned with the word "police" boarded a fishing boat Friday in Curacao and stole 70 gold bars worth an estimated $11.5 million, officials on the southern Caribbean island said.

Athens is seeing an alarming increase in new HIV infections, particularly among intravenous drug users, health officials warned Friday, as Greece struggles through a protracted financial crisis in which funding for health care and drug treatment programs have been slashed.

While there were about 10 to 14 new HIV infections per year among Athens drug users from 2008 to 2010, that number shot up to 206 new cases last year and 487 new cases by October this year - a 15-fold and 35-fold increase, respectively.

The Italian news agency ANSA says a wall at the Pompeii archaeological site has collapsed following days of heavy rain.

Under a newly approved amendment, the candidates would have to invest in a Bulgarian company involved in a high-priority project in industry, infrastructure, transport or tourism.


READ THE ORIGINAL POST AT www.sfgate.com

World Briefing | Europe: H.I.V. Cases Increase in Greece

Health officials warned of an alarming increase in infections in Athens, particularly among intravenous drug users, as Greece struggled through a financial crisis.


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WORLD News of the Day From Across the Globe /




Masked men in jackets emblazoned with the word "police" boarded a fishing boat Friday in Curacao and stole 70 gold bars worth an estimated $11.5 million, officials on the southern Caribbean island said.

Athens is seeing an alarming increase in new HIV infections, particularly among intravenous drug users, health officials warned Friday, as Greece struggles through a protracted financial crisis in which funding for health care and drug treatment programs have been slashed.

While there were about 10 to 14 new HIV infections per year among Athens drug users from 2008 to 2010, that number shot up to 206 new cases last year and 487 new cases by October this year - a 15-fold and 35-fold increase, respectively.

The Italian news agency ANSA says a wall at the Pompeii archaeological site has collapsed following days of heavy rain.

Under a newly approved amendment, the candidates would have to invest in a Bulgarian company involved in a high-priority project in industry, infrastructure, transport or tourism.


READ THE ORIGINAL POST AT www.sfgate.com

German parliament approves aid for Greece


German parliament approves aid for Greece
AFP
BERLIN — Germany's parliament on Friday overwhelmingly approved billions of euros in international aid for Greece, handing a much-needed financial boost to Athens as it battles against bankruptcy. Deputies voted by 473 to 100 to give the green light ...


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What's Missing in the Latest Greek Bailout


Deutsche Welle

What's Missing in the Latest Greek Bailout
New York Times
The new Greek bailout deal agreed to Tuesday by euro zone finance ministers and the International Monetary Fund is a clear improvement over earlier deals. It recognizes that Greece's current and projected ratios of debt to output are unsustainable.
UPDATE 4-German lawmakers approve Greek bailout despite qualmsReuters
Greek aid is patchwork, ex-foreign minister saysDeutsche Welle
Germany's Schaeuble urges MPs to back Greek bailout despite uneaseFox Business
NASDAQ -Business Recorder (blog)
all 1,159 news articles »

READ THE ORIGINAL POST AT www.nytimes.com

Facing impoverishment, elderly Greeks rage against pension calamity


Globe and Mail

Facing impoverishment, elderly Greeks rage against pension calamity
Globe and Mail
For hours the leader of the Greek journalists' social security fund had been chairing a meeting about disastrous losses on retirement savings caused by the country's economic collapse. “She tried to present herself as the fund's saviour and asked ...
Greek Housing Market Falling Down FastGreek Reporter

all 28 news articles »

READ THE ORIGINAL POST AT www.theglobeandmail.com