Greek government agrees €11.5 billion cuts package

Business Recorder

Greek government agrees €11.5 billion cuts package World Socialist Web Site The leaders of the three Greek government parties have announced their agreement on further austerity cuts amounting to €11.5 billion. On Wednesday evening, after days of wrangling, New Democracy leader and Prime Minister Antonis Samaras, Evangelos ... Greek New Democracy Lawmaker Excluded From Parliamentary Group - SourceWall Street Journal Greek lawmaker disciplined for anti-bailout tweetReuters UK Greek New Democracy Lawmaker Excluded From Parliamentary GroupNASDAQ Reuters -Egyptian Gazette all 80 news articles »

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ECB saves Greece from bankruptcy by securing emergency loans-paper

ECB saves Greece from bankruptcy by securing emergency loans-paper Reuters BERLIN (Reuters) - The European Central Bank (ECB) has saved Greece from bankruptcy for the time being by securing it interim financing in the form of additional emergency loans from the Bank of Greece, German newspaper Die Welt said on Saturday. and more »

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Greece teacher, performer has music in his soul

Greece teacher, performer has music in his soul Rochester Democrat and Chronicle He has taught at Greece Arcadia since 1997, but also has taught at Spencerport, Hilton, St. Cecilia School, Northeastern College Prep and Gonanda Central School District. • To book Revolver for special events, go to originalrevolver.com. More. Music is ...

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Spain PM undecided on bailout, unveils new savings

Spain PM undecided on bailout, unveils new savings

Associated Press


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 This material may not be published, broadcast, rewritten or redistributed.

Updated 11:39 a.m., Friday, August 3, 2012

MADRID (AP) — Spanish Prime Minister Mariano Rajoy has said he would consider asking for financial aid for his country only once the European Central bank has fleshed out its crisis-fighting plans for buying government bonds.

A day earlier, the ECB warned it would only help lower a country's borrowing costs if that country's government applied for rescue aid from the bailout funds set up by the 17 euro countries.

Spain borrowing costs are high due to concern over the country's ability to cover huge losses in its banking sector and big debts among regional governments.

With the ECB's role in helping Spain still uncertain, the government said Friday it had submitted to the European Commission a document outlining its spending cuts and revenue increases through 2014.

Greece, Ireland, Portugal and Cyprus have already sought bailouts but a Spanish sovereign rescue package would seriously test the European Union's coffers as it is the fourth largest economy of the 17 nations using the single euro currency.

[...] many of its 17 regional governments are now starting to run out of money while austerity measures and labor reforms brought in to try to calm financial markets and appease EU partners are stifling the economy.

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Greek New Democracy Lawmaker Excluded From Parliamentary Group

Greek New Democracy Lawmaker Excluded From Parliamentary Group - Source Wall Street Journal Greek New Democracy Lawmaker Excluded From Parliamentary Group - Source. Article. Email; Printer Friendly; Share: facebook ↓ More. StumbleUpon; LinkedIn; Twitter; Fark; Reddit; del.icio.us; MySpace. smaller Text larger ... Greek New Democracy Lawmaker Excluded From Parliamentary GroupNASDAQ all 4 news articles »

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Greece to 'Seal' Border Against Syrian Refugees

Business Recorder

Greece to 'Seal' Border Against Syrian Refugees Journal of Turkish Weekly Greece will add 1800 guards along its northern border with Turkey and put 26 floating barriers along the river that divides the countries in an attempt to keep a potential wave of refugees fleeing Syria out of the country, officials said. Greece has ... Turkey, Greece prepare for Syrian refugeesUPI.com Greece spooked by Syrian refugeesEUobserver.com Greece to place more guards at Turkey border to deter refugeesWorkpermit.com all 3,340 news articles »

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Greece's Creditors Seek Details on Austerity Plan

Greece's international creditors have called on Athens to provide more details on its $14.14 billion austerity plan that is crucial to keeping the country's funding lines open, as Athens faced dwindling cash reserves.

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