European Central Bank Rejects Speculation About Its Bond-Buying Intentions

Daily Mail

European Central Bank Rejects Speculation About Its Bond-Buying Intentions New York Times FRANKFURT — The European Central Bank sought Monday to discourage speculation that it might act far more aggressively to contain borrowing costs for countries like Spain, while issuing a rare rebuke to government officials who have encouraged the ... ECB Quashes Yield-Cap SpeculationWall Street Journal The Truth About ECB Bond Yield Targeting And Why It Won't HappenForbes Euro Fluctuates as Bundesbank Criticizes ECB's Bond-Buying PlanBusinessweek Financial Times -Reuters India all 1,045 news articles »

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Greece Readies More Cuts

Details of Greece's €11.5 billion ($14.2 billion) austerity plan are emerging as Prime Minister Antonis Samaras moves to demonstrate his government is serious about cost-cutting efforts.

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Germany dampens Greek hopes of revised spending targets

Deutsche Welle

Germany dampens Greek hopes of revised spending targets Deutsche Welle Foreign Minister Guido Westerwelle has asked his Greek counterpart to wait for the latest report from the so-called "troika" of financial overseers before considering changes to the country's austerity targets. Guido Westerwelle told reporters in ... Greek PM Prepares Cost-Cutting Plan Ahead Of Key MeetingsWall Street Journal Greek, German ministers kick off euro diplomacyBoston.com German and Greek Officials Meet Over Bailout TermsNew York Times NBCNews.com (blog) all 1,376 news articles »

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News Summary: Greece Seeks $11.5B In Spending Cuts

News Summary: Greece Seeks $11.5B In Spending Cuts TheStreet.com MORE STILL: Greece has been operating on two multibillion-dollar international bailouts from other European countries and the International Monetary Fund since its debt crisis came broke in 2010. But despite taking a series of harsh austerity measures ... and more »

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News Summary: Greece seeks $11.5B in spending cuts

News Summary: Greece seeks $11.5B in spending cuts Washington Post MORE STILL: Greece has been operating on two multibillion-dollar international bailouts from other European countries and the International Monetary Fund since its debt crisis came broke in 2010. But despite taking a series of harsh austerity measures ... and more »

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News Summary: Germany insists on Greece reforms

News Summary: Germany insists on Greece reforms Boston.com HIGH FINANCE: Europe's leaders are in a high-stakes week of financial diplomacy that could determine Greece's future. The first round began Monday with Germany's foreign minister hosting his Greek counterpart ahead of a meeting in Berlin on Friday ...

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Forest fires in Greece, Spain and France

Forest fires cause people to flee in Greece, Spain and France.

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Germany: Greece must follow through with reforms

Europe's leaders are gearing up for a high-stakes week of financial diplomacy that could determine Greece's future — and the stability of the 17 countries that use the euro.

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Germany will not soften Greek demands

Globe and Mail

Germany will not soften Greek demands - foreign minister Reuters | BERLIN Aug 20 (Reuters) - Germany will not substantially soften its agreements with Greece, its foreign minister Guido Westerwelle said on Monday, after meeting with his Greek counterpart Dimitris Avramopoulos. Greece is expected to lobby for a ... German foreign minister: Greece should stay in eurozone and follow through ...Washington Post German and Greek Officials Meet Over Bailout TermsNew York Times Germany: Greece must follow through with reformsNewsday Economic Times all 1,092 news articles »

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Greece seeking to finalize $15 billion in spending cuts ahead of top-level ...

AFP

Greece seeking to finalize $15 billion in spending cuts ahead of top-level ... Washington Post ATHENS, Greece — Greece's finance officials were working Monday to finalize €11.5 billion ($14.19 billion)in spending cuts necessary for it to continue receiving the international funding that is protecting it from bankruptcy. Finance Minister Yannis ... Greece seeking to finalize $15 bln spending cutsBoston.com Greece seeking to finalize 11.5 bln spending cutsSacramento Bee all 142 news articles »

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Greece seeking to finalize $15 bln spending cuts

Greece seeking to finalize $15 bln spending cuts The Seattle Times Greece seeking to finalize $15 bln spending cuts. Greece's finance officials were working Monday to finalize (EURO)11.5 billion ($14.19 billion)in spending cuts necessary for it to continue receiving the international funding that is protecting it from ...

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Greece seeking to finalize 11.5 bln spending cuts

Telegraph.co.uk

Greece seeking to finalize 11.5 bln spending cuts Sacramento Bee ATHENS, Greece -- Greece's finance officials are seeking to finalize (EURO)11.5 billion in spending cuts necessary for it to continue receiving the international funding that is protecting it from bankruptcy. Finance Minister Yannis Stournaras was ... Greece must remain in eurozone: StournarasSydney Morning Herald all 127 news articles »

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Greek, German ministers kick off euro diplomacy

Greek, German ministers kick off euro diplomacy

Associated Press


Copyright 2012 Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

Updated 2:14 a.m., Monday, August 20, 2012

BERLIN (AP) — Greece's foreign minister meets his German counterpart Monday at the start of a new high-stakes round of financial diplomacy that could help determine the future of the 17 countries that use the euro.

The parliamentary leader of Merkel's conservative bloc, Volker Kauder, has insisted that there is no room for giving Greece more time and says he sees little chance of Germany's governing coalition supporting a third rescue package.

A regional official with one of the country's governing parties, Bavarian state finance minister Markus Soeder, has called for Greece to leave the currency this year and argued that "an example must be made of Athens" — comments Westerwelle has criticized.

The ECB has said that it may buy government bonds to drive high borrowing rates down if countries first ask for help from Europe's bailout funds — a move that would benefit countries such as Spain and Italy.

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Finland Europe minister: no new Greece aid without reforms

Finland Europe minister: no new Greece aid without reforms Reuters HELSINKI Aug 20 (Reuters) - Finland's European affairs minister ruled out any new aid programme for Greece without structural reforms, saying support for the debt-burdened country was always conditional. "There will be no third (aid) package if it does ... and more »

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ECB Official: Greece Should Remain In Euro

Business Recorder

ECB Official: Greece Should Remain In Euro TheStreet.com German officials and lawmakers are making clear they have no appetite for granting Greece more time to comply with the terms of its rescue packages or other concessions. Asmussen was quoted as telling the daily Berliner Zeitung it's up to Greece to ... ECB official says Greece should remain in eurozone, exit would be very costlyWashington Post EU Leaders Plan Shuttle Talks to Bolster GreeceBusinessweek EU Leaders Plan Shuttle Talks to Bolster Greece, Sovereign BondsSan Francisco Chronicle all 250 news articles »

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ECB official: Greece should remain in euro

A top European Central Bank official says Greece should remain in the eurozone — arguing that, though an exit would be manageable, it would be very costly and push up unemployment in Europe.

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Greek bid on bailout could fuel a standoff

Boston Globe

Greek bid on bailout could fuel a standoff Boston Globe FRANKFURT — While the Greek prime minister, Antonis Samaras, will be greeted with military honors when he arrives in Berlin on Friday, his pleas for easier bailout terms could meet with a cool reception, setting up a standoff that could unsettle the ... German politicians say no leeway for Greece on reformsChicago Tribune Merkel looks both ways on GreeceMarketWatch Report: Merkel ally rejects concessions to GreeceThe Associated Press Businessweek all 239 news articles »

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Tension Over Aid to Greece Could Unsettle Markets

Times LIVE

Tension Over Aid to Greece Could Unsettle Markets CNBC.com While the Greek prime minister, Antonis Samaras, will be greeted with military honors when he arrives in Berlin on Friday, his pleas for easier bailout terms could meet with a cool reception, setting up tension that could unsettle the financial markets ... German politicians say no leeway for Greece on reformsReuters Report: Merkel ally rejects concessions to GreeceThe Associated Press Greece needs 2.5 billion extra spending cuts over two years: paperChicago Tribune all 232 news articles »

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No wiggle room for Greece, Merkel ally says

No wiggle room for Greece, Merkel ally says AFP BERLIN — The parliamentary head of Angela Merkel's party warned Sunday that crisis-wracked Greece had "no room for manoeuvre" ahead of talks this week between the German chancellor and the Greek prime minister. Volker Kauder, parliamentary group ...

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