Greek coalition government wrestles with new cuts

Globe and Mail

Greek coalition government wrestles with new cuts Houston Chronicle ATHENS, Greece (AP) — Three parties in Greece's new coalition government are to resume talks to decide on a major new austerity package demanded by rescue lenders as a condition for continued financing. Conservative Prime Minister Antonis Samaras ... Greek leaders agree most cuts, lenders stay on: sourceReuters Greek Official Says Troika to Remain Until Budget CompleteBusinessweek all 127 news articles »

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Greece's coalition government parties wrestle with new cuts demanded by ...

The Associated Press

Greece's coalition government parties wrestle with new cuts demanded by ... Washington Post ATHENS, Greece — Three parties in Greece's new coalition government are to resume talks to decide on a major new austerity package demanded by rescue lenders as a condition for continued financing. Conservative Prime Minister Antonis Samaras will ... Greece Austerity Measures: Leaders Agree On Most CutsHuffington Post Lenders Demand Greece to Apply Further Wage CutsJournal of Turkish Weekly Greece Fails To Unite On Vital Savings PlanTax-news.com TheNewsTribune.com all 118 news articles »

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Greek coalition government wrestles with new cuts

Greek coalition government wrestles with new cuts

ATHENS, Greece (AP) — Three parties in Greece's new coalition government are to resume talks to decide on a major new austerity package demanded by rescue lenders as a condition for continued financing.

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Venizelos, Kouvelis hold talks ahead of leaders' meeting

Pasok leader Evangelos Venizelos and Democratic Left leader Fotis Kouvelis met for about an hour on Monday morning, ahead of the meeting of the three coalition government leaders in the afternoon.

No statements were made after the meeting, but sources said the two leaders agreed that the top issue is the extension of Greece's fiscal adjustment up to the end of 2016, followed by advancement of the structural changes, and the taking of whatever measures are (...)

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Germany and US Divided as Geithner Heads to Berlin

Financial Times

Germany and US Divided as Geithner Heads to Berlin CNBC.com Wolfgang Schäuble, Germany's finance minister, has dismissed speculation about any Spanish request for eurozone support in buying its sovereign bonds, and ruled out making more concessions to help Greece, on the eve of talks on the eurozone crisis with ... US Treasury secretary meeting German finance minister, ECB chief amid ...Washington Post Eurozone crisis live: Leaders pledge to protect euroThe Guardian all 59 news articles »

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Romanian referendum invalid due to low turnout

BUCHAREST, Romania (AP) — Romanian election officials declared late Sunday that a referendum to impeach the nation's president on grounds that he overstepped his authority had failed because of low voter turnout.

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Eurogroup chair sees decisions soon in debt crisis

Eurogroup chair sees decisions soon in debt crisis

Associated Press


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

Updated 11:13 a.m., Sunday, July 29, 2012

German Chancellor Angela Merkel and Italian Premier Mario Monti "agreed that Germany and Italy will do everything to protect the eurozone" in a phone conversation Saturday, German government spokesman Georg Streiter said, a statement that was echoed by Monti's office.

Though they didn't pledge any specific action, the comments raised expectations that the ECB might step in to buy Spanish and perhaps Italian government bonds to lower the countries' borrowing costs, which have been worryingly high in recent weeks.

Countries that pledge to implement reforms demanded by the EU's executive Commission also would be able to tap rescue funds without having to go through the kind of tough austerity measures demanded of Greece, Portugal and Ireland, which have had to get international bailout packages.

[...] I must say that we have arrived at a decisive point ... the euro countries have arrived a point where we must make extremely clear with all available means that we are determined to ensure the financial stability of the currency union.

International debt inspectors are scrutinizing Greece's finances and its progress in implementing unpopular budget cuts and reforms demanded in exchange for the rescue loan program that is keeping the country afloat.

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