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Showing posts with label bailout. Show all posts
Showing posts with label bailout. Show all posts

Saturday, July 7, 2012

Samaras commits to bailout plan in first speech as Greece PM


euronews

Samaras commits to bailout plan in first speech as Greece PM
euronews
In his first policy speech since becoming prime minister, Antonis Samaras reaffirmed his commitment to making the changes needed to meet conditions of the bailout plan. Ahead of a confidence vote on Sunday, the new premier said Greece would meet ...
Greece admits veering from bailout obligationsReuters
New Greek PM acknowledges fiscal program off target, says emphasis on ...Washington Post
Eurozone crisis: Troika returning to GreeceThe Guardian
The Associated Press -Los Angeles Times -Bloomberg
all 1,394 news articles »

READ THE ORIGINAL POST AT www.euronews.com

Greece wants to change bailout policies, not targets-PM


Greece wants to change bailout policies, not targets-PM
Reuters
ATHENS, July 6 (Reuters) - Greece will not demand changes tooverall targets included in its bailout plan but willrenegotiate policies it feels are preventing it from hittingthose goals, Prime Minister.


READ THE ORIGINAL POST AT in.reuters.com

Friday, July 6, 2012

Greece Drops Plan to Renegotiate Bailout Terms


Greece Drops Plan to Renegotiate Bailout Terms
Firedoglake
The way the Greek election worked is that Syriza, the far-left party, said they would completely renegotiate the bailout terms that forced austerity on the.


READ THE ORIGINAL POST AT news.firedoglake.com

Greece wants to change bailout policies, not targets: PM

ATHENS (Reuters) - Greece will not demand changes to overall targets included in its bailout plan but will renegotiate policies it feels are preventing it from hitting those goals, Prime Minister Antonis Samaras said in his first policy speech since taking office.



READ THE ORIGINAL POST AT www.reuters.com

REPORT: Greece Gives Up Immediate Plan For Getting New Bailout Terms


Business Insider

REPORT: Greece Gives Up Immediate Plan For Getting New Bailout Terms
Business Insider
Either way, this is unlikely to please the large percentage of Greeks that voted against the members of the current coalition, calling for revisions to the Memorandum of Understanding that governs Greece's bailout package. The government is supposed to ...


READ THE ORIGINAL POST AT www.businessinsider.com

Thursday, July 5, 2012

International inspectors arrive in Athens for economic review


Winnipeg Free Press

International inspectors arrive in Athens for economic review
Los Angeles Times
ATHENS — After months of political paralysis, international debt inspectors returned to Athens on Thursday to assess how much progress — if any — cash-strapped Greece had made in grueling attempts to fix its faltering economy.
Greek finance minister says Athens must get program on track: FTReuters
Greece drops demand to ease bailout termsFinancial Times
Greece admits it's off track on bail-out termsTelegraph.co.uk
Wall Street Journal -Moneycontrol.com -Washington Post
all 338 news articles »

READ THE ORIGINAL POST AT latimesblogs.latimes.com

Greece drops demand to ease bailout terms


Winnipeg Free Press

Greece drops demand to ease bailout terms
Financial Times
Greece's new government has dropped a plan to seek softer terms for its second bailout following warnings that it would be rejected by international lenders. Yannis Stournaras, finance minister, said the governing coalition would have to accelerate.
Greece's new FinMin: some reforms off trackFox News
Greece Promises More On Reforms Front, Admits To ProblemsWall Street Journal
Greece's new finance minister: some economic reform efforts off-trackWashington Post
Reuters
all 337 news articles »

READ THE ORIGINAL POST AT www.ft.com

Greek Finance Minister: Country Falling Short On Bailout Promises


Independent Online

Greek Finance Minister: Country Falling Short On Bailout Promises
Huffington Post
ATHENS, Greece -- Greece is falling short of some of the commitments it has made in return for billions of euros of rescue money, the country's new finance minister admitted Thursday after meeting representatives of the country's financial rescuers for ...
Greek Socialists Call for New Loan Terms as Recession DeepensWall Street Journal
New Greek Finance Minister Sworn InTIME
Greece sees 'difficult years ahead' as EU-IMF talks beginAFP
Chicago Tribune
all 300 news articles »

READ THE ORIGINAL POST AT www.huffingtonpost.com

Greek Finance Minister: Greece Is Falling Short On Promised Reforms

ATHENS, Greece -- Greece is falling short of some of the commitments it has made in return for billions of euros of rescue money, the...

READ THE ORIGINAL POST AT www.huffingtonpost.com

Greece's new FinMin: some reforms off track




After months of political turmoil that led to a hiatus in the implementation of reforms as Greece struggled through two inconclusive elections, the country's international debt inspectors from the European Central Bank, European Commission and International Monetary Fund have returned to Athens for the first time in over three months to inspect the status of the debt-ridden country's finances.

The hardship led voters furious with mainstream politicians' handing of the crisis to abandon the traditionally dominant parties in droves in favor of smaller anti-bailout parties advocating Greece renege on its bailout conditions.

Since its last visit in late March, the troika has returned to meet with the new government and explore the financial situation.

The troika heads' visit was also delayed by about a week after Samaras was forced to stay home for several days to recuperate from serious eye surgery carried out just after the election, and his designated finance minister was hospitalized and later turned down the post for health reasons.

Ahead of the government's policy statement, which Samaras is to present in Parliament Friday evening, the governing coalition has said it advocates easing some terms of the bailout agreement, including freezing public sector layoffs and repealing some of the tax hikes imposed over the past two years.


READ THE ORIGINAL POST AT www.sfgate.com

Greece meets 'troika' over bailout revisions

Athens opens talks with European Central Bank, European Commission and IMF to adjust terms of two bailouts worth $300bn.

READ THE ORIGINAL POST AT www.aljazeera.com

Greek Socialists Call for New Loan Terms


Business Recorder (blog)

Greek Socialists Call for New Loan Terms
Wall Street Journal
Greece's socialist party, a member of the coalition government, called for renegotiation of the country's loan terms as international inspectors began a visit to Athens to assess the country's progress in implementing its bailout commitments.
Greek Socialists Call for New Loan Terms as Recession DeepensNASDAQ
New Greek Finance Minister Sworn InTIME
Greek PM returns to action for bailout revisionBusiness Recorder (blog)
Reuters -FRANCE 24 -MSN Philippines News
all 254 news articles »

READ THE ORIGINAL POST AT online.wsj.com

Greek Socialists Call for New Loan Terms as Recession Deepens


Business Recorder (blog)

Greek Socialists Call for New Loan Terms as Recession Deepens
Wall Street Journal
Greek Socialists Call for New Loan Terms as Recession Deepens. Article. Email; Printer Friendly; Share: facebook ↓ More. StumbleUpon; LinkedIn; Twitter; Fark; Reddit; del.icio.us; MySpace. smaller Text larger ...
New Greek Finance Minister Sworn InTIME
Greek PM returns to action for bailout revisionBusiness Recorder (blog)
Greece presses case to change bailout termsReuters
FRANCE 24
all 215 news articles »

READ THE ORIGINAL POST AT online.wsj.com

Greece talking with debt inspectors after hiatus




The debt inspectors from the European Central Bank, European Commission and International Monetary Fund, known as the troika, were meeting the new government, whose coalition partners want to persuade the country's rescue creditors to ease some of the strict terms of its bailout.

The inspection visit is the first in several months due to political turmoil in Greece, sparked by the vicious financial crisis that has left the country dependent on billions of euros worth of international bailout loans from other European countries using the euro, and the IMF.

Ahead of the government's policy statement, which Samaras is to present in Parliament Friday evening, the coalition has said it advocates easing some terms of the bailout agreement, including freezing public sector layoffs and repealing some of the tax hikes imposed over the past two years.

Stournaras' televised swearing in ceremony at the presidential mansion was the first time Samaras appeared in public since undergoing eye surgery nearly two weeks ago, shortly after forming a coalition government with another two parties following inconclusive national elections.


READ THE ORIGINAL POST AT www.sfgate.com

New Greek financial minister meets troika officials





The new Greek Finance Minister Yannis Stournaras was sworn in Thursday, mere hours before he met with the trio of financial bodies tasked with monitoring the country’s massive bail-out commitments.





READ THE ORIGINAL POST AT www.france24.com

Greece's finance minister meets debt inspectors

ATHENS, Greece (AP) — Greece's new finance minister Yannis Stournaras headed into his first meeting with the country's international debt inspectors Thursday, shortly after being sworn in to office.

READ THE ORIGINAL POST AT hosted2.ap.org

Tuesday, July 3, 2012

Greece: 'Alarming' New Information About Its Economy


Greece: 'Alarming' New Information About Its Economy
Voice of America (blog)
Greece says its recession is deepening and will present “alarming” information about the state of the country's economy this week to international auditors in a new effort to ease the terms of the government's latest bailout. A government spokesman ...


READ THE ORIGINAL POST AT blogs.voanews.com

Greek government says aims to cut deficit, revive economy


euronews

Greek government says aims to cut deficit, revive economy
Reuters
ATHENS (Reuters) - Greece's new government will focus on cutting the country's budget and current account deficits together with reviving its recession-hit economy, Deputy Finance Minister Christos Staikouras.
Greek govt says aims to cut deficit, revive economyeuronews

all 10 news articles »

READ THE ORIGINAL POST AT www.reuters.com

Bailout Envoy Urges Greece to Speed up Reforms


Bailout Envoy Urges Greece to Speed up Reforms
ABC News
A senior European Central Bank official urged Greece's new government on Monday to avoid further delays in implementing major structural reforms. ECB board member Joerg Asmussen is in Athens as the struggling country's new coalition government holds ...


READ THE ORIGINAL POST AT abcnews.go.com

Greece Seeks Improved Deal

Greece will push for a better bailout deal when it resumes long- stalled talks with international lenders this week—including asking for a Spain-style deal for its banks.

READ THE ORIGINAL POST AT online.wsj.com