How the world sees Greece
Greece is on a collision course with the eurozone’s creditor powers after emergency talks ended in acrimony on Monday night, triggering the most serious political crisis since the launch of the euro. The Leftist Syriza government reacted with fury to ...
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| READ THE ORIGINAL POST AT www.telegraph.co.uk |
Cash-strapped Greece can survive financially until the middle of the year after its EU bailout technically ends on February 28, analysts believe, despite the abrupt failure of talks with its eurozone partners on Monday. The Greek government appears unlikely to do so, because it has rejected the Eurogroup's demands that it continue the bailout, arguing that the attached conditions have plunged ...
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| READ THE ORIGINAL POST AT news.yahoo.com |
Talks among euro-zone finance ministers over a new financing arrangement for Greece broke down abruptly, triggering a period of high uncertainty about Greece’s future inside the currency bloc.
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| READ THE ORIGINAL POST AT www.wsj.com |
Greece Faces 'Disaster' As Debt Talks End. Europe gives Greece until the end of the week to request a bailout extension after debt talks end in ...
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| READ THE ORIGINAL POST AT news.sky.com |
BRUSSELS (AP) — European creditors on Monday issued Greece an end-of-week deadline to request an extension to its bailout program or face having to meet its debt commitments on its own.
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| READ THE ORIGINAL POST AT hosted2.ap.org |
Greece Zou Xiaoli met Monday with Foreign Minister Nikos Kotzias (photo) and extended an invitation to the Greek diplomat to visit Beijing. The date of the visit will be arranged in due course.
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| READ THE ORIGINAL POST AT www.ekathimerini.com |
Six people died of seasonal flu complications from Friday to Sunday evening, according to figures released by the Greek Center for Disease Control and Prevention (KEELPNO).
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| READ THE ORIGINAL POST AT www.ekathimerini.com |
Greece’s bonds declined for the first time in three days as the nation’s euro-area creditors voiced doubt that a new financing agreement for the country was taking shape.
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| READ THE ORIGINAL POST AT www.ekathimerini.com |
The eurozone's top official has effectively given Greece an ultimatum to request an extension to the country's bailout program.
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| READ THE ORIGINAL POST AT www.ekathimerini.com |
That “drinking games are a time-honored tradition” has a whole new meaning – at least ever since Professors Heather Sharpe and Andrew Snyder of West Chester University in Pennsylvania, and their students, researched and recreated a drinking game called kottabos that goes way, way back, far preceding college fraternities, all the way to Ancient […] The post University in Pennsylvannia Recreates Ancient Greek Drinking Game appeared first on The National Herald.
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Greek Corruption prosecutor Dimitris Foukas has issued a warrant for the arrest of a former US Embassy official on spying charges. The post Former US Diplomat Said Wiretap Spy appeared first on The National Herald.
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That’s very serious, what Greek Finance Minister Yanis Varoufakis revealed at a press conference in Brussels on Monday during a break of the Eurogroup meeting. “Prior to Eurogroup Moscovici gave me a draft that Greece would be happy to sign,” Varoufakis said adding that Eurogroup head Jeroen Dijsselbloem withdrew it […]
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| READ THE ORIGINAL POST AT www.keeptalkinggreece.com |
EUROZONE MINISTERS HAVE handed Greece an ultimatum to request an extension to its bailout programme after crunch talks collapsed, deepening a bitter stand-off that risks seeing Athens bid farewell to the euro. Eurogroup head Jeroen Dijsselbloem said Greece ...
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| READ THE ORIGINAL POST AT www.thejournal.ie |
No one doubts that Germany is the winner of the Eurogroup crisis with Greece. German exports win from the Euro tumbling.., and tumbling … and tumbling towards USD. via Zerohedge.com
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| READ THE ORIGINAL POST AT www.keeptalkinggreece.com |
Naivety of Alexis Tsipras’ anti-austerity request hammered home by a no-nonsense response leaving Syriza with few establishment friendsRarely have European finance ministers given such a clear statement. To the request from Greece to scrap its toxic austerity programme, the answer was no. Jeroen Dijsselbloem, the Dutch finance minister, is not the worst when it comes to convoluted euro-speak. Still, he has rarely delivered such a pithy response. Continue reading...
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| READ THE ORIGINAL POST AT www.theguardian.com |
Creditors present ultimatum as finance minister insists other members must water down austerity conditions if country is to reach ‘honourable agreement’Talks between Greece and its eurozone creditors collapsed in disarray on Monday night, heightening concerns that the country is edging closer to a disruptive exit from the eurozone.The breakdown of discussions in Brussels over the Greek bailout programme appeared to leave both sides as far apart as ever, although eurozone finance ministers said a last-ditch summit could be held on Friday. Continue reading...
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| READ THE ORIGINAL POST AT www.theguardian.com |
(Bloomberg) -- Talks between Greece and its official creditors in Brussels broke up on Monday after the country's new government said it could not ...
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| READ THE ORIGINAL POST AT www.bloomberg.com |
Talks between Greece and euro zone finance ministers over the country’s debt broke down on Monday when Athens rejected a proposal to request a six-month extension of its international bailout and stick to the conditions.
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| READ THE ORIGINAL POST AT www.france24.com |
German Finance Minister Wolfgang Schaeuble speaks with the media as he arrives for a meeting of eurogroup finance ministers at the EU Council building in Brussels, Monday, Feb. 16, 2015. (AP Photo/Virginia Mayo) Talks between Greece and euro zone finance ...
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| READ THE ORIGINAL POST AT www.independent.ie |
The up-until-recently PM contacted socialist PASOK leader Venizelos and Potami party's Stavros Theodorakis
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| READ THE ORIGINAL POST AT en.protothema.gr |
Greek Minister of Defense and ANEL leader clearly opposed to current bailout program being extended
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| READ THE ORIGINAL POST AT en.protothema.gr |
First reaction comes from 'sources' inside Maximos Mansion government house
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| READ THE ORIGINAL POST AT en.protothema.gr |
BigBen_2.jpg Home Page News Page One Step Beyond Given the scandals, bonus increases and plummeting lending to small and medium-sized British businesses, reform of the banking system is likely to be a hot topic in the run-up to the general election. It is not surprising then that Labour has launched its plan on banking reform, which proposes measures to improve competition within the banking sector, lending to smaller businesses, and the culture of banking itself. Given the scandals, bonus increases and plummeting lending to small and medium-sized British businesses, reform of the banking system is likely to be a hot topic in the run-up to the general election. It is not surprising then that Labour has launched its plan on banking reform, which proposes measures to improve competition within the banking sector, lending to smaller businesses, and the culture of banking itself. See Also links url: http://www.economywatch.com/features/The-UKs-Green-Party-Shares-Anti-austerity-Sentiment-with-the-Greeks.02-03-15.html Title: The UK's Green Party Shares Anti-austerity Sentiment with the Greeks See Also type: Reference Featured Report That You Might Like: Waitemata District Health Board Tasmanian Public Finance Corporation read more
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… of its agreement with lenders. Greece's bailout expires on … unacceptable," the source said. Greece's new anti-austerity government … to Greece to request an extension - something the new Greek government …
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| READ THE ORIGINAL POST AT world.einnews.com |
… cooperation from the Greeks. French Socialist @pierremoscovici position on Greece, rules are … emergency funding for Greek banks worth €65bn. If Greece is not longer … successful end to the Greek drama evaporates. Greece's three-year paper …
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| READ THE ORIGINAL POST AT world.einnews.com |
The institutions need more time to talk with the Greek government. What is it they want exactly, what do these measures look like?" (Reporting by ...
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| READ THE ORIGINAL POST AT www.reuters.com |
There's still a bit more posturing for the electorates to go before an actual deal that might solve the Greek debt crisis is announced. But the rhetoric ...
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| READ THE ORIGINAL POST AT www.forbes.com |
“I am very skeptical, because the Greek government apparently hasn't moved at all” in its demands, Schaeuble told reporters ahead of the talks.
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| READ THE ORIGINAL POST AT www.voanews.com |
Amid signs of discord, eurozone meeting gives Greece rest of week to request bailout extension
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| READ THE ORIGINAL POST AT abcnews.go.com |
A Greek official blasted as "unreasonable" and a "waste of time" what Athens believed was a draft proposal presented at the Eurogroup in Brussels.
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| READ THE ORIGINAL POST AT www.foxbusiness.com |
By Renee Maltezou and Jan Strupczewski BRUSSELS, Feb 16 (Reuters) - Talks between Greece and euro zone finance ministers over the country's debt broke down on Monday when Athens rejected a proposal to request a six-month extension of its international bailout and stick to the conditions. The unexpectedly rapid collapse raised doubts about Greece's future in the single currency area after a new leftist-led government vowed to scrap the 240 billion euro bailout, reverse austerity policies and end cooperation with EU/IMF inspectors. Dutch Finance Minister Jeroen Dijsselbloem, who chaired the meeting, said Athens had until Friday to request an extension, otherwise the bailout would expire at the end of the month. How long Greece can keep itself afloat without international support is uncertain. The European Central Bank will decide on Wednesday whether to maintain emergency lending to Greek banks that are bleeding deposits at an estimated 2 billion euros a week. "The general feeling in the Eurogroup is still that the best way forward would be for the Greek authorities to seek an extension of the program," Dijsselbloem told a news conference. A Greek official said Finance Minister Yanis Varoufakis had rebuffed a draft statement put to him at the meeting. "Some people's insistence on the Greek government implementing the bailout is unreasonable and cannot be accepted," the official said. "Those who keep returning to this issue are wasting their time. Under such circumstances, there cannot be a deal today." The talks, which had been expected to last late into the night, collapsed in less than four hours. Both sides showed signs of fraying patience, with several ministers complaining of disappoinment and fearing disaster. Dijsselbloem spoke of a need to rebuild trust and Greek officials grumbled that Varoufakis was presented with an unacceptable text as soon as he walked into the room. Dijsselbloem pleaded with the Greeks to buy themselves time to discuss the way forward calmly by requesting an extension. But he also said: "Would a new program look very different? I don't think so. The rules and regulations talk about strict conditionalities. It would still be about fiscal sustainability." Germany, the euro zone's main paymaster and Greece's biggest creditor, stuck to its hard line. German Finance Minister Wolfgang Schaeuble said before the talks that Greece had lived beyond its means for a long time and there was no appetite in Europe for giving it any more money without guarantees it was getting its finances in order. As the meeting in Brusssels broke up, a senior Greek banker said Greece's stance boded ill for the markets and the banks. "It is a very negative development for the economy and the banks. The outflows will continue. We are losing 400-500 million every day and that means about 2 billion every week. We will have pressure on stocks and bond yields tomorrow." Varoufakis earlier spelled out in a combative New York Times article Greece's refusal to be treated as a "debt colony" subjected to "the greatest austerity for the most depressed economy." "The lines that we have presented as red will not be crossed," he said. MONEY FLEEING An opinion poll showed 68 percent of Greeks want a "fair" compromise with euro zone partners while 30 percent said the government should stand tough even if it means reverting to the drachma currency. The poll found 81 percent want to stay in the euro. Deposit outflows in Greece have picked up. JP Morgan bank said that at the current pace Greek banks had only 14 weeks before they run out of collateral to obtain funds from the central bank. The ECB has allowed the Greek central bank to provide emergency lending to the banks, but a failure of the debt talks could mean the imposition of capital controls. Euro zone member Cyprus was forced to close its banks for two weeks and introduce capital controls during a 2013 crisis. Such controls would need to be imposed when banks are closed. Greek banks are closed next Monday for a holiday. Leftist Prime Minister Alexis Tsipras had requested a bridge program for a few months while a new debt relief deal is agreed to replace the existing bailout, which has already forced drastic cutbacks onto ordinary Greeks. The current program expires at the end of the month. Some of the problem is semantic. The Greeks will not countenance anything that smacks of an "extension" to the old bailout or a continued role for the supervisory "troika" of international lenders. ($1 = 0.8785 euros) (Additional reporting by Yann Le Guernigou, Michael Nienaber, Andrew Callus, Ingrid Melander, Alastair Macdonald, Adrian Croft, Foo Yun Chee, Robin Emmott, Tom Koerkemeier and Francesca Landini; Writing by Jeremy Gaunt, Paul Taylor and Alastair Macdonald; Editing by Paul Taylor and Giles Elgood)
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A meeting of Eurogroup finance ministers has ended abruptly without agreement after Greece rejected as “totally unacceptable” a draft proposal proposed by the Eurogroup. A two-page draft document under consideration by finance ministers and seen by the ...
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| READ THE ORIGINAL POST AT www.irishtimes.com |
Foreign media report that the Eurogroup has broken up in total impasse, as the Greek government has rejected a draft document asking that Greece abide the terms of the bailout deal it has declared moot.
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| READ THE ORIGINAL POST AT en.enikos.gr |
The European Union has given Greece until Friday to apply for an extension of the current bailout program, calling on the country to respect its commitments. "The best step would be for Greek authorities to seek extension to (the bailout) program...this ...
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| READ THE ORIGINAL POST AT en.enikos.gr |
Stand-off between Greece and its creditors looks no closer to ending as a second round of crisis talks between euro finance ministers began in Brussels
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| READ THE ORIGINAL POST AT telegraph.feedsportal.com |
Greece is one step closer to stumbling out of the eurozone after talks with its European creditors collapsed on Monday.
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| READ THE ORIGINAL POST AT ri.search.yahoo.com |
An arrest warrant was issued earlier today by anti-corruption investigator Dimitris Foukas against an American former employee of the United States Embassy in Athens. The US citizen, identified as William B., is facing charges of felony espionage as he was allegedly involved in the Greek wiretapping scandal that shocked Greece in 2004 and 2005. According to Greek media, the former US Embassy employee was an operational member of a CIA team based in Athens from the mid 1990s. Reportedly, the investigator issued the arrest warrant after crosschecking that in June 2004 this person bought four mobile devices from Piraeus, three of which were used as “prepaid mobile phone-shadows” in the case of telephone tapping. The Greek authorities proceeded with a phone secrecy declassification, after which it was proved that one of the phone connections was activated in a different device subscribed under the address of Athens’ US Embassy in Vasilissis Sofias Avenue 91. According to Greek media, the accused person fled Greece straight after the case was revealed, although he returned to the country in August 2005 as the US Embassy first secretary. As the investigation proved, the devices were purchased by his wife, who was later recognized by the store manager. At the same time, the defendant appeared to be cooperating with the Greek intelligence services primarily in counter-terrorism matters and he participated in an operation code-named “Net,” which aimed at the removal of a large quantity of explosives found in the Iraqi Embassy in 2003. Finally, the Greek authorities are investigating his possible involvement in the code-named “Pythia” project, which allegedly aimed at the Former Greek Prime Minister Kostas Karamanlis’ assassination.
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| READ THE ORIGINAL POST AT greece.greekreporter.com |
French Foreign Minister Laurent Fabius, addressing both the European and the Greek side, just a few hours ahead of today’s critical Eurogroup, made a plea to respect the Greek voters’ mandate as well as the Greek government’s reform commitments. In an interview with French radio “Europe 1,” Fabius said he is expecting the Greek delegation’s reforms program proposal aiming to development. The French Foreign Minister underlined that “there should be a twofold respect for the Greek issue: respect of the vote of the electoral body, which voted against a perpetual austerity, and respect Greece’s commitments for reforms.” Furthermore, regarding the previous unfruitful negotiations between Greece and its European loan partners, he stressed that “we had discussions that at the beginning yielded no results.” Although, Fabius appeared optimistic for the upcoming discussions, pointing out that “now we move a bit, because the Greek Prime Minister said that 70% of the previous reform program can be maintained and thus a 30% is to be discussed. I hope that a solution can be found. France is working in this direction. The Greek government should tell us its own reform program that will ensure development. There are already positive results in the primary surplus. Then we will certainly discuss the debt, with no possibility of a ‘haircut.’ But the technocrats can discuss about what they call ‘maturity.’ But it should all be done very quickly.”
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| READ THE ORIGINAL POST AT greece.greekreporter.com |
by Associated Press BC-SOC--Greek Results Associated Press - 16 February 2015 14:27-05:00 BC-SOC--Greek Results Greek Football Results ATHENS, GREECE (AP) — Results from Greek football: Greece Super League Saturday's Matches Panetolikos 2, Asteras 0 Panthrakikos vs. Niki Volos PAS Giannina 1, Panionios 3 Olympiakos 3, Ergotelis 0 Sunday's Matches OFI Crete 2, Panathinaikos 3 Kerkyra 2, Kalloni 0 Levadiakos 0, Veria 2 Atromitos 4, PAOK Thessaloniki 0 Monday's Match Xanthi 0, Platanias 0 News Topics: Soccer, Men's soccer, Sports, Men's sports People, Places and Companies: Athens, Greece, Western Europe, Europe Copyright 2015 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.
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Giorgos Thomakos, the mayor of Kifissia suburb in Athens, Greece, was the victim of an armed robbery. According to preliminary information from the Greek Police, armed burglars broke into the mayor’s home and after they tied him and his wife, they took money and jewelry and disappeared. The couple was released by their underage son who was able to go unnoticed by the burglars. The robbery happened around 3:00 am on Monday. The burglars, whose identity remains unknown, entered Thomakos’ house in Kifissia through a window on the first floor that had not been securely shut. While the family was sleeping, the armed men entered the parents’ bedroom and restrained the couple at gunpoint. They proceeded with searching the house and removing any cash, jewelry and any other valuables they could find. In the end, they managed to escape without any complications. Later, the couple’s 7-year-old son, who had been hiding in his room since he heard the robbers enter the house, unrestrained his parents who alerted the police.
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| READ THE ORIGINAL POST AT greece.greekreporter.com |
The “ultimate dining experience” has finally arrived in Greece. On Valentine’s day, Dinner in the Sky launched with two scheduled “flights” over the Athens sky. It is a simple, successful idea that has been implemented in more than 40 countries across the globe. For the next two months, Dinner in the Sky will be located at Technopolis in Athens. The company plans on winning over the Greek capital and then moving to other places in the country such as Mykonos, Santorini, Crete and Thessaloniki. On its first ever “flight” over the Greek capital, the Dinner in the Sky platform accommodated 22 people, offering them a date they will never forget. Over the course of the next two months, the company plans on scheduling even more meals, breakfast, lunch and even molecular mixology drinks. The dinner price is 120 euros per person, but it will be adjusted accordingly for other meals. Even though the food was spectacular, what actually peaked the attendees’ interest was the breathtaking view. The Acropolis and the Parthenon stood out, enchanting the lucky 22 who were feeling a mixture of awe and fear since they were suspended 50 meters off the ground.
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Greece rejected a proposal by its euro zone partners on Monday that it should accept a six-month extension of its international bailout program while ...
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Dutch Finance Minister Jeroen Dijsselbloem, who chaired the meeting, said Athens had until Friday to request an extension, otherwise the bailout would expire at the end of the month. The European Central Bank will decide on Wednesday whether to maintain emergency lending to Greek banks that are bleeding deposits at an estimated 2 billion euros a week. A Greek official said Finance Minister Yanis ...
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| READ THE ORIGINAL POST AT finance.yahoo.com |
Investors cautious as key talks between Greece and its creditors take placeLeading shares slipped from a five month high as investors nervously awaited the outcome of the latest talks between Greece and its European creditors.Among the fallers, AstraZeneca lost 82.5p to 4468.5p after a US court declared its patent for Pulmicort Respules - a treatment for asthma symptoms in children - as invalid late on Friday. The company said it strongly disagreed with the decision and was reviewing its legal options, including a possible appeal. It said the ruling did not affect patents in other countries. But rival Actavis immediately launched its generic version of Pulmicort Respules following the court decision. Since its all-time high reached on 8 December 2014 of 183p, the share price has declined by 11% while the company should deliver strong earnings growth in 2015-16 and we revised up our estimates in our 2 February luxury thematic report Globe-trotting shopper. The recent share price weakness puts the stock valuation at an attractive level, Jimmy Choo is now trading at a 7% discount versus global listed peers’ average which looks attractive given the 36% and 20% earnings per share growth we expect in 2015 and 2016 respectively (versus 18% and 13% sector average). We believe this provides a good entry-point for this fast growing company.Friday’s collapse in the share price on concerns that the group was no longer in talks, highlights the fragility of sentiment at bwin.party. However, it also means the risk reward is now more evenly balanced, hence our move to hold. This will deliver additional cash ($3m now and $6m in milestones), provides a potential commercialisation partner and adds new geographic markets (the US and Argentina as well as Brazil). This deal de-risks investment in new products and validates the technologies being developed. We have incorporated the additional cash and reduced our risk factor on the soy pipeline. This increases our risked target price to 70p (from 50p) with our unrisked value unchanged at 102p. This takes Plant Impact from being an attractive speculative investment to a serious player in crop enhancement with material upside. Continue reading...
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| READ THE ORIGINAL POST AT www.theguardian.com |
Greece is one step closer to stumbling out of the eurozone after talks with its European creditors collapsed on Monday. The Eurozone meeting finished early after Greek officials rejected a proposal from ...
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| READ THE ORIGINAL POST AT finance.yahoo.com |
Talks between Greece and its eurozone partners on how to manage Greek debt have broken down after Athens rejected a eurozone demand to extend its bailout. No date for further talks has been set.
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| READ THE ORIGINAL POST AT www.dw.de |
Greek government brands proposed eurozone debt deal as "unacceptable", ending crunch talks with its creditors in dramatic events in Brussels
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| READ THE ORIGINAL POST AT telegraph.feedsportal.com |
BRUSSELS (AP) — The eurozone's top official on Monday effectively gave Greece an ultimatum to request an extension to the country's bailout program, a proposal Athens has so far rejected stridently.
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| READ THE ORIGINAL POST AT hosted2.ap.org |
The intention of investors to cash in on last week’s gains and concerns over a possible rift between Athens and its eurozone peers resulted in a losing start to the week for Greek stocks, with banks sustaining considerable losses
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| READ THE ORIGINAL POST AT www.ekathimerini.com |
A Greek government official said that a draft text presented to eurozone finance ministers meeting in Brussels on Monday spoke of Greece extending its current bailout package and as such was “unreasonable” and would not be accepted.
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| READ THE ORIGINAL POST AT www.ekathimerini.com |