UPDATE 2-PM says Greek pension funds won't join debt buy-back

Wall Street Journal

UPDATE 2-PM says Greek pension funds won't join debt buy-back Reuters ATHENS Dec 1 (Reuters) - Greek pension funds will not take part in a debt buy-back that is a key part of the country's international bailout, Greek Prime Minister Antonis Samaras said in a newspaper interview. Greece must conduct the deal by Dec. 13 ... Greek debt buy-back will not apply to Greece's pension funds: PMFox Business What's Missing in the Latest Greek BailoutNew York Times Hedge Funds May Hold Back Greek Bond Plan, Nomura SaysBloomberg Business Insider -Wall Street Journal -Forbes all 100 news articles »

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Pictures from the Week in Business, Nov. 30

Mary Schapiro stepped down from the S.E.C., but her tenure left the agency in a stronger position; the holiday shopping season got off to a shakier start than retailers had hoped for; and new aid to Greece was on its way after European financial leaders reached a deal.

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PM says Greek pension funds won't join debt buy-back

ATHENS (Reuters) - Greek pension funds will not take part in a debt buy-back that is a key part of the country's international bailout, Greek Prime Minister Antonis Samaras said in a newspaper interview.

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Greek debt buy-back will not apply to Greece's pension funds: PM

Wall Street Journal

Greek debt buy-back will not apply to Greece's pension funds: PM Reuters ATHENS (Reuters) - Greek pension funds will not take part in a debt buy-back that is a key part of the country's international bailout, Greek Prime Minister Antonis Samaras said in a newspaper interview. "The debt buy-back does not concern the pension ... What's Missing in the Latest Greek BailoutNew York Times Hedge Funds May Hold Back Greek Bond Plan, Nomura SaysBloomberg The Only Analysis You Need To Read On The Latest Deal To Save GreeceBusiness Insider Wall Street Journal -Forbes all 83 news articles »

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Greek debt buy-back will not apply to Greece's pension funds

Greek debt buy-back will not apply to Greece's pension funds - PM Reuters ATHENS Dec 1 (Reuters) - Greek pension funds will not take part in a debt buy-back that is a key part of the country's international bailout, Greek Prime Minister Antonis Samaras said in a newspaper interview. "The debt buy-back does not concern the ...

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FOREX-Euro rises vs dollar, heads for 4th straight month of gains

Business Recorder

FOREX-Euro rises vs dollar, heads for 4th straight month of gains Reuters Fri Nov 30, 2012 2:21pm EST. * Euro hits 7-month high vs yen, more than 5-week high vs dollar * U.S. fiscal talks dominate traders attention * Expectations of BoJ easing add to selling pressure on yen By Wanfeng Zhou NEW YORK, Nov 30 (Reuters) - The ... Dollar Pares Losses Against Euro After Boehner Damps OptimismBloomberg Euro Eases as Dollar Climbs on Fiscal ConcernsWall Street Journal Euro briefly trades at $1.30MarketWatch Financial Times -NASDAQ -MNI News all 322 news articles »

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After Greece: Ireland's next move

New Europe

After Greece: Ireland's next move Irish Times Europe moved this week to grant a new swathe of financial concessions to Greece in a renewed effort to prevent the country falling into an abyss. Only days before another harsh budget in Dublin, the development underlined the Irish Government's failure ... Greece rescued againNew Europe Greece in new bank result delayed ahead of debt buybackEconomic Times The argument for buying GreekQuartz Reuters -Business Insider -International Business Times all 71 news articles »

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"The euro is a currency with a state", says ECB's Coeure

PARIS (Reuters) - European Central Bank policymaker Benoit Coeure urged euro zone governments on Saturday to forge a closer political union, arguing "the euro is a currency with a state" whose branches of government need more clearly defining. Praising the deal reached earlier this week to reduce Greece's debt burden as an unprecedented commitment by euro zone governments to keep the crisis-wracked state within the single currency, Coeure told an economic forum in Paris there needed to be closer political coordination to manage crises. ...

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Chancellor Merkel says she understands German taxpayers' frustration over ...

Chancellor Merkel says she understands German taxpayers' frustration over ... Washington Post BERLIN — Germany's chancellor says she understands the frustration felt by many Germans over the repeated bailout programs for Greece. But Angela Merkel also insists that helping debt-ridden Greece is in her country's self-interest because it helps ... and more »

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Merkel acknowledges Germans' frustration on Greece

Merkel acknowledges Germans' frustration on Greece Boston.com But Angela Merkel also insists that helping debt-ridden Greece is in her country's self-interest because it helps stabilize the 17-nation eurozone on which Germany's prosperity depends. In an interview released Saturday, Merkel told Sunday tabloid Bild ... and more »

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Greece rescued again

New York Times (blog)

Greece rescued again New Europe Last 27 November, the Eurogroup finance ministers “saved” Greece from bankruptcy once again, by agreeing to disburse € 43 billion over the next few months. By doing so, they bought some more time for Greece but also for themselves. It has indeed been ... Greece in new bank result delayed ahead of debt buybackEconomic Times The argument for buying GreekQuartz Euro zone looking for Greece to buy back 40 billion euros of debt: officialsReuters Wall Street Journal (blog) -New York Times (blog) -Press TV all 55 news articles »

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Moody's Axes EFSF And ESM, Blames France

Business Today

Moody's Axes EFSF And ESM, Blames France Forbes With peripheral bond yields tightening and the Eurozone breathing a generalized sigh of relief after Greece was given enough cash to survive for a few months, Moody's decided to ruin the party and downgrade the credit ratings of the EU's bailout facilities and ... Moody's downgrades euro zone rescue funds, keeps negative outlookCNBC.com European rescue mechanism loses triple-A ratingMarketWatch Moody's cuts AAA rating of ESM rescue fundBBC News Reuters -Telegraph.co.uk all 365 news articles »

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Greece holds first B2B trade show in China

Greece holds first B2B trade show in China China.org.cn The trade show was one of the recent steps Greece has taken to promote economic and cultural exchanges with China, said Pelagia Karpathiotaki, president of the Institute of Economic and Cultural Action Greece-China (IECGC) and the organizer of the show ...

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Spanish Bonds Advance on Greek Deal; Bunds Gain on Fiscal Cliff

Spanish Bonds Advance on Greek Deal; Bunds Gain on Fiscal Cliff Bloomberg Spain's bonds rose this week, with yields falling the most in almost three months, as an agreement by euro-area ministers to ease the terms of aid to Greece boosted demand for the debt of so-called peripheral nations. Italy's government securities ... and more »

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News of the Day From Across the Globe

News of the Day From Across the Globe

Masked men in jackets emblazoned with the word "police" boarded a fishing boat Friday in Curacao and stole 70 gold bars worth an estimated $11.5 million, officials on the southern Caribbean island said.

Athens is seeing an alarming increase in new HIV infections, particularly among intravenous drug users, health officials warned Friday, as Greece struggles through a protracted financial crisis in which funding for health care and drug treatment programs have been slashed.

While there were about 10 to 14 new HIV infections per year among Athens drug users from 2008 to 2010, that number shot up to 206 new cases last year and 487 new cases by October this year - a 15-fold and 35-fold increase, respectively.

The Italian news agency ANSA says a wall at the Pompeii archaeological site has collapsed following days of heavy rain.

Under a newly approved amendment, the candidates would have to invest in a Bulgarian company involved in a high-priority project in industry, infrastructure, transport or tourism.

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World Briefing | Europe: H.I.V. Cases Increase in Greece

Health officials warned of an alarming increase in infections in Athens, particularly among intravenous drug users, as Greece struggled through a financial crisis.

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WORLD News of the Day From Across the Globe /

WORLD News of the Day From Across the Globe /

Masked men in jackets emblazoned with the word "police" boarded a fishing boat Friday in Curacao and stole 70 gold bars worth an estimated $11.5 million, officials on the southern Caribbean island said.

Athens is seeing an alarming increase in new HIV infections, particularly among intravenous drug users, health officials warned Friday, as Greece struggles through a protracted financial crisis in which funding for health care and drug treatment programs have been slashed.

While there were about 10 to 14 new HIV infections per year among Athens drug users from 2008 to 2010, that number shot up to 206 new cases last year and 487 new cases by October this year - a 15-fold and 35-fold increase, respectively.

The Italian news agency ANSA says a wall at the Pompeii archaeological site has collapsed following days of heavy rain.

Under a newly approved amendment, the candidates would have to invest in a Bulgarian company involved in a high-priority project in industry, infrastructure, transport or tourism.

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German parliament approves aid for Greece

German parliament approves aid for Greece AFP BERLIN — Germany's parliament on Friday overwhelmingly approved billions of euros in international aid for Greece, handing a much-needed financial boost to Athens as it battles against bankruptcy. Deputies voted by 473 to 100 to give the green light ...

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What's Missing in the Latest Greek Bailout

Deutsche Welle

What's Missing in the Latest Greek Bailout New York Times The new Greek bailout deal agreed to Tuesday by euro zone finance ministers and the International Monetary Fund is a clear improvement over earlier deals. It recognizes that Greece's current and projected ratios of debt to output are unsustainable. UPDATE 4-German lawmakers approve Greek bailout despite qualmsReuters Greek aid is patchwork, ex-foreign minister saysDeutsche Welle Germany's Schaeuble urges MPs to back Greek bailout despite uneaseFox Business NASDAQ -Business Recorder (blog) all 1,159 news articles »

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