How the world sees Greece
FBI looking at Greece government Rochester Democrat and Chronicle 21 town Board of Zoning Appeals meeting, an applicant for a zoning variance — Monroe County Legislator Richard Antelli — claimed that he was “a federal witness” in an investigation connected to the town of Greece government. Also, this week, local ... |
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Greek police unionists protest planned pay cuts CBS News Greek police unionists protest planned pay cuts. ATHENS, Greece — Dozens of uniformed police officers have protested peacefully outside Greece's Parliament against pay cuts that are planned under the government's new austerity drive. Shouting slogans ... |
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 Business Recorder | Greek Budget Cuts Focus on Pension Curbs to Gain Troika Approval Businessweek Greek Finance Minister Yannis Stournaras has drafted an 11.7 billion-euro ($14.7 billion) package of spending cuts that will mean about a third of savings will come from reduced spending on pensions. The two-year package, which is still being discussed ... Greek austerity package draft targets pensions, wages Greek PM Says Euro Exit Risk Has Diminished Slightly -Spokesman Greek PM says new austerity round will be the last |
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 ABC News | GOP Presidential Nominee Romney Says Greece a Bad Example Greek Reporter U.S. Republican Presidential hopeful Mitt Romney, accepting the party's nomination at his convention in Tampa, Florida, said he wants to restore America's economy and cited Greece as an example of what happens when it goes wrong. Referring to his plan ... Kent Bush: Republican convention like every other reality show |
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 Telegraph.co.uk | Greek austerity package draft targets pensions, wages Reuters The list, obtained from a Greek coalition source, was formulated by the country's finance ministry and was submitted earlier this week for approval to the leaders of the three parties in the ruling coalition. Even though the leaders broadly agreed on ... Greek Finance Minister Sees Signs of Improving Market Sentiment Greek PM says new austerity round will be the last |
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 Wall Street Journal (blog) | Obama Can Breathe Easy About Greece Leaving Euro Before Elections Wall Street Journal (blog) By Ian Talley. The risk of a Greek meltdown before the U.S. Nov. 4 presidential elections–which would pour fuel on the flames of the euro crisis and likely trigger another recession on this side of the Atlantic– has diminished to near zero, according ... |
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WILL Spain be next? The Spanish government is trying to put off a full bail-out, but it was dealt a blow on August 28th when the regional government of Catalonia said it needed a €5 billion ($6.3 billion) rescue by the Madrid government.First it was the banks that needed help, now Spain’s second-most populous region. Bailing out Catalonia may well cost more than the requested €5 billion: it may need several billion just to cover the budget deficit until the end of 2014. A government liquidity fund has €18 billion in it, but Valencia, Murcia and other regions that are excluded from the markets are also queuing up for money. Spain can top up the fund by borrowing more—but only at punishing rates. The yield on ten-year bonds has stayed above 6% for more than three months.Not surprisingly, many think Spain will eventually need a sovereign bail-out. In public, officials claim this is not being negotiated. European leaders instead praise the reforms and austerity of Mariano Rajoy, the prime minister. Yet Spain is plunging into a double-dip recession. The economy shrank at an annual rate of 1.3% in the second quarter. Bank deposits dropped by 4.7% in July. Consumption is falling at an annual rate of 3.9%. Unemployment remains stuck at around 25% of the workforce (and 50% for youths).Meanwhile in bailed-out Greece the government was relieved when the first trip abroad of Antonis...
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Germany sees Greek, Spanish influx as crisis worsens Reuters BERLIN (Reuters) - An increasing number of Spaniards and Greeks are working in Germany as their own countries, hit by the euro zone debt crisis, struggle with record unemployment levels, preliminary data from Germany's Federal Labour Office showed on ... |
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France says EU must back Greece if it shows progress Reuters MADRID (Reuters) - European leaders should show support for Greece at an October 19 EU summit if the crisis-hit country's conservative government shows commitment to move ahead with economic reforms, French President Francois Hollande said on ... |
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 ABC News | Merkel in Control Despite Allies' Greek Cacophony ABC News Chancellor Angela Merkel wants the Greeks to keep the euro. Her vice chancellor says it wouldn't be so bad if they abandoned the common currency. Another ally says Greece should leave the euro club within months. Merkel's image abroad may be that of ... |
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 euronews | Greek PM says new austerity round will be the last Boston.com Greek PM says new austerity round will be the last. AP / August 30, 2012. E-mail |; Print |; Reprints |. Text Size: –; +. E-mail. E-mail this article. To: Invalid E-mail address. Add a personal message:(80 character limit). Your E-mail: Invalid E-mail ... Greek coalition leaders back outline of new austerity measures needed to stave ... Greek Budget Cut Plan Has Basically Been Finalized |
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 Bradenton Herald | Greece's prime minister promises that new $14.4 billion austerity measures ... Washington Post ATHENS, Greece — Greece's prime minister has promised that a new round of painful austerity measures planned for the next two years will be the last for the recession-mired country. Antonis Samaras told a meeting of his conservative party's officials ... Greece's Coalition Government Rushes for Agreement on Cuts Greece grinds on Greece's Austerity Talks End Without Agreement |
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Greece to Meet Troika Heads NASDAQ ATHENS--Greece's Finance Minister Yannis Stournaras will meet the heads of a delegation of international inspectors on Sunday, as the country works on finalizing savings worth 13.5 billion euros ($16.94 billion) in time for the visit, a finance ... |
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Greece, Switzerland Near Deal on Tax Evasion Treaty Greek Reporter After long negotiations, Greece and Switzerland are reportedly set to sign an agreement that would give the ailing Greek government access to information about accounts held in Swiss banks by Greek citizens. The document was detailed in the the German ... |
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