How the world sees Greece
Greek Debt Buyback Seen Likely to Reach Target NASDAQ WASHINGTON--A bond buyback plan meant to shave roughly 20 billion euros off Greece's debt burden is likely to succeed, a circumstance that would pave the way for the International Monetary Fund to approve the next tranche of bailout financing, the ... |
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Unemployment has surged to the highest since the 1960s as a result of harsh austerity measures imposed in return for vital international rescue loans.
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 Daily Mail | Greek jobless rate up to record 26 percent The Associated Press ATHENS, Greece (AP) — Greece's unemployment rate rose to a new record of 26 percent in September, underscoring the economic plight in the country as it heads toward a sixth year of recession. The Greek Statistical Authority said Thursday that 1.295 ... Greek jobless rate up to 26 percent UPDATE 1-Record Greek jobless rate highest in euro zone in Sept Greek Unemployment Rate Climbed to Record 26% in September |
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 Daily Mail | Revealed: African immigrants who went to Greece for a better life tortured at ... Daily Mail Almost nobody in Greece has been left untouched by the devastating economic crisis. But it is the country's migrants who now appear to have become the biggest victims of this troubling period in Greek history. Horrific: Migrants living in Greece have ... |
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 ABC News | Greek Clashes at Protests Over 2008 Police Killing ABC News Greek riot police used tear gas Thursday to disperse youths throwing firebombs and stones during an Athens protest to mark the fourth anniversary of a deadly police shooting that triggered major disturbances. No injuries or arrests were reported from ... Greek police clash with youths over 2008 shooting Students clash with police in Athens |
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 Economic Times | Greek Banks to Decide Friday on Debt Buyback - Sources Wall Street Journal ATHENS--The management of Greece's leading banks will decide Friday whether to participate in an ambitious plan by the government to buy back billions of euros worth of outstanding bonds in an effort to cut Greece's growing debt burden, people familiar ... IIF Bank Group: Greek Debt Buyback Likely To Reach Target Hedge funds face a Greek riddle Greek Bonds Now Defaulted, Also Extra Attractive |
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 Economic Times | Greece to raise tax on businesses, middle incomes-finmin source Reuters ATHENS Dec 6 (Reuters) - Greece plans to tax businesses and middle incomes more in an effort to raise revenues from a tax reform bill it has long-promised its international lenders, a senior finance ministry official said on Thursday. The European ... Greece sees no need for new debt 'haircut': Samaras Greece can avoid haircut but needs growth, PM says Greek jobless rate up to 26 percent |
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Economic Times | IIF Bank Group: Greek Debt Buyback Likely To Reach Target Fox Business "With the likely participation from the Greek banks, it appears likely that the buyback operation could reach the target of EUR14 billion or so of participation by foreign investors...so as to fully utilize the EUR10 billion set aside for buyback," the ... Greek Banks to Decide Friday on Debt Buyback - Sources Greek Bond Buyback Leads S&P to Cut to Selective Default Greek Bonds Now Defaulted, Also Extra Attractive |
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Greek taxation The Economist After many years of turning a blind eye to this illegal practice, a desperately broke Greek government is at last cracking down. The tax declarations of almost 2,000 Greeks with accounts at the Geneva branch of HSBC, a bank, are being scrutinised by ... |
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 Kansas City Star | Greek clashes at protests over 2008 police killing Boston.com ATHENS, Greece (AP) — Greek riot police used tear gas Thursday to disperse youths throwing firebombs and stones during an Athens protest to mark the fourth anniversary of a deadly police shooting that triggered major disturbances. No injuries or ... Students clash with police in Athens |
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Insight: Tortured, detained and ordered out: a migrant's tale in Greece Chicago Tribune SALAMINA, Greece (Reuters) - Egyptian immigrant Waleed Taleb says demanding his unpaid wages in Greece came at a heavy price; 18 hours chained and beaten by his boss, a stint in jail and orders to leave the country he calls home. One of hundreds of ... |
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Does Berlusconi Want to Turn Italy Into Greece? Bloomberg You have got to ask: Wasn't former Italian Prime Minister Silvio Berlusconi paying attention when Antonis Samaras toppled the technocratic government in Greece, forced early elections and triggered six months of political chaos and economic destruction? |
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 Haaretz | Afghanistan's Rock-bottom Global Corruption Ranking Huffington Post The 2012 Transparency International Corruption Perceptions Index (CPI), published yesterday, finds Afghanistan at absolute rock bottom, sharing this dismal place with North Korea and Somalia. Despite the flow to Afghanistan over the last decade of ... Greece takes bottom EU spot in global corruption index Report: Corruption Remains Widespread Global Problem Crisis-Hit Nations Seen Among Most Corrupt in EU |
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GREECE’S elite used to see stashing funds in Swiss bank accounts as an insurance policy. Until the country joined the euro zone, fears of a sudden devaluation or a freeze on capital movements loomed large. Then came a rush to transfer money made in the black economy to financial havens abroad.After many years of turning a blind eye to this illegal practice, a desperately broke Greek government is at last cracking down. The tax declarations of almost 2,000 Greeks with accounts at the Geneva branch of HSBC, a bank, are being scrutinised by officials at SDOE, the financial police. Their names were on a computer disk sent in 2010 by Christine Lagarde, then French finance minister, to her Greek counterpart, George Papaconstantinou.The “Lagarde list” went missing in mid-2011 but turned up again recently when Evangelos Venizelos, Mr Papaconstantinou’s successor as finance minister, sent a copy to the office of Antonis Samaras, who is now prime minister. Hot Doc, a Greek investigative magazine, then got hold of another copy and published all 2,000 names.Several politicians and their wives and many members of prominent business families appear on the list. Yet most attention has focused on Maria Panteli, an office manager whose account contained €550m ($719m), about one-third of the total in all the accounts. Ms Panteli was suspected at first of acting as a...
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Haaretz | Israel continues slide in corruption perception poll Jerusalem Post Israelis perceive their public sector as increasingly corrupt, according to a global index released Wednesday by the Peace Index. Israel ranked at number 39 in the world, continuing the country's slide, as Israeli confidence in the public sector fell to its lowest ... Crisis-Hit Nations Seen Among Most Corrupt in EU Report: Fight Against Corruption Frustratingly Slow Greece takes bottom EU spot in global corruption index |
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