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Thursday, October 11, 2012

Greece's State Budget Gap Narrows Despite Recession


Greece's State Budget Gap Narrows Despite Recession
Wall Street Journal
ATHENS—Greece's state budget deficit narrowed sharply in the first nine months of 2012 beating targets set by the country's creditors, but the fiscal improvement comes at a high price as the country's five-year recession sends jobless numbers to a ...


READ THE ORIGINAL POST AT online.wsj.com

Greece's State Budget Gap Narrows Sharply

Greece's state budget deficit narrowed sharply in the first nine months of 2012, beating targets set by the country's creditors despite revenue collection falling short of expectations due to the recession and strike by tax collectors.

READ THE ORIGINAL POST AT online.wsj.com

Greek banks' ECB funding slightly down in Sept


Kathimerini

Greek banks' ECB funding slightly down in Sept
Reuters
ATHENS Oct 11 (Reuters) - ECB funding to Greek banks slipped by 0.6 billion euros in September from a month earlier while emergency liquidity assistance from the Greek central bank eased by 0.19 billion, Bank of Greece data showed on Thursday.
Greek bonds double as bets on euro exit declineKathimerini

all 3 news articles »

READ THE ORIGINAL POST AT www.reuters.com

Greece's biggest firm leaves, jobless rate soars


Irish Times

Greece's biggest firm leaves, jobless rate soars
Reuters
German economic experts urge new debt restructuring. * Greece's biggest company, bottler CCH, quits for Switzerland. * IMF backs giving Athens two more years to meet debt target. By Harry Papachristou and Matt Robinson. ATHENS, Oct 11 (Reuters) ...
Greece's Unemployment Reaches More Than Quarter of WorkforceBusinessweek
Greece Unemployment Rises Above 25 PercentHuffington Post
Greece unemployment hits a record 25% in JulyBBC News
Irish Times -Wall Street Journal -Live Trading News
all 425 news articles »

READ THE ORIGINAL POST AT www.reuters.com

IMF Advises Europe To Give Spain, Greece More Time To Reduce Debt


Business Recorder

IMF Advises Europe To Give Spain, Greece More Time To Reduce Debt
Huffington Post
By Gernot Heller and Tomasz Janowski TOKYO, Oct 11 (Reuters) - The IMF on Thursday backed giving debt-burdened Greece and Spain more time to reduce their budget deficits, cautioning that cutting too far, too fast would do more harm than good.
FOREX-Euro edges higher vs dollar; Spain, Greece in focusReuters
Greece Still Taking its Toll on EuroWall Street Journal (blog)
Germany's Schaueble: No OSI For Greece, Waiting For TroikaMNI News
Businessweek -Kathimerini -New York Times
all 1,190 news articles »

READ THE ORIGINAL POST AT www.huffingtonpost.com

Greece unemployment hits record

Unemployment in Greece hit a record 25% in July, government figures show, with youth unemployment reaching more than 54%.

READ THE ORIGINAL POST AT www.bbc.co.uk

Slim German majority favors Greece in euro: poll

A fresh poll has shown that more Germans want Greece to stay in the eurozone than want it to leave. The results of the survey by a public broadcaster indicate a change in sentiment despite Athens' ongoing dilemma.

READ THE ORIGINAL POST AT www.dw.de