IMF Miscalculated Greek Austerity Effect

Economic Times

IMF Miscalculated Greek Austerity Effect Greek Reporter The top economist at the International Monetary Fund (IMF) one of Greece's Troika of lender, has admitted that the agency didn't calculate how devastating the austerity measures it wanted would be on the Greek economy and those of other struggling ... Austerity's impact surprised IMF, official saysPittsburgh Post Gazette The IMF: we were right about being wrong. But normally we aren't.FT.com (blog) IMF economists apologize for austerity forecastsSalon Capital.gr (press release) all 105 news articles »

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Merkel Shifts Focus to Economy From Debt as State Election Nears

The Star Online

Merkel Shifts Focus to Economy From Debt as State Election Nears Bloomberg German Chancellor Angela Merkel said she'll make jobs and growth a priority in this election year, in comments that indicate a shift away from focus on the European debt crisis. “For us it's clear that's what economic competence and keeping up Germany's ... Merkel's FDP partners scramble to avoid electoral oblivionReuters With weak coalition partnerOman Daily Observer Election campaigns kick off in GermanyFinancial Times Boston.com -Deutsche Welle -Bismarck Tribune all 436 news articles »

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Walk at Greece mall honors West Webster firefighters

News 10NBC

Walk at Greece mall honors West Webster firefighters Rochester Democrat and Chronicle Carmelo Huertas, left, and Josh Von Rathonyi, both Sea Breeze volunteer firefighters carry Huertas children, Andrew Huertas and Robert Huertas during the Walk for West Webster Firefighters at The Mall at Greece Ridge on Saturday. / MARIE DE ... Ridge Road Fire District community boot drive Jan. 4, 11Greece Post Area Fire Departments Hold Boot Drives To Help West Webster Fire Department13WHAM-TV Outpour of support continues for West Webster firefightersNews 10NBC all 16 news articles »

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Modern Day Greek Santa Delivers Gifts

Greek Reporter

Modern Day Greek Santa Delivers Gifts Greek Reporter asdkgalk It seems that Crete had its very own Santa Claus this year. Dimitris Apostolakis, a DHL courier employee, decided to gather food, clothing, toys and other necessities in his spare time and distribute them to the charitable foundation Minors ...

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Greece's Inaction Over Wealthy Tax Evaders Fuels Fire

Greece's Inaction Over Wealthy Tax Evaders Fuels Fire NPR After the eurozone provided billions in bailout loans to Greece in December, the prime minister declared a new beginning for his country, despite a third year of wage cuts and tax hikes. But a scandal over a list of wealthy Greeks with Swiss bank ...

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Portugal does not need debt restructuring: IMF's Lagarde

LISBON (Reuters) - Any restructuring of Portugal's debt is out of the question and the country's bailout program is progressing well, the head of the International Monetary Fund said on Saturday. IMF chief Christine Lagarde told Portuguese weekly Expresso that she was also confident Portugal would not follow Greece into a spiral of economic recession. The European Union and IMF gave Portugal a 78-billion-euro ($102-billion) bailout in 2011 and the lenders have praised the country for meeting most of their terms. ...

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The Greek dilemma with migrants

The Greek dilemma with migrants Cyprus Mail THE AIR smells of smoke: olive wood. Late into the night tractors laden with hessian sacks make their way to brightly illuminated village presses. The fine weather over New Year has rallied all to the fields to harvest the green gold. For in Messinia ...

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Greece investigates tax scandal implicating former finance minister

New Europe

Greece investigates tax scandal implicating former finance minister New Europe The Greek prosecution service questioned today two finance ministry officials that used to work closely with the former finance minister George Papaconstantinou, who is allegedly responsible for counterfeiting a list of names of people with accounts at ... Greece Probes Officials Over Lagarde ListGreek Reporter Lagarde List sparks inter-party feudingPresseurop (English) Scandal Deepens Over Greece's 'Lagarde List'Wall Street Journal ANSAmed -Kathimerini all 27 news articles »

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Greece may bridge key budget gap

Yahoo!7 News

Greece may bridge key budget gap Gulf Daily News ATHENS: Greece may end 2012 with a better-than-targeted primary budget gap, a finance ministry official said yesterday, suggesting a modest fiscal success for the euro zone's first bailout recipient. Greece's primary budget balance, which excludes debt ... Greece's 2012 primary budget gap seen at 1.2 pct of GDP- sourceReuters Greece may beat 2012 primary budget target - paperYahoo!7 News all 13 news articles »

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Greek PM to visit Merkel next week: Berlin

Greek PM to visit Merkel next week: Berlin Focus News This conference would "obviously be an opportunity to look back at the progress Greece has made in terms of its reform efforts," Seibert said, although he declined to specify which topics the leaders would discuss. The event will be closed to the press. and more »

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