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Wednesday, October 24, 2012

Greece Official Says Deal Reached With Troika of Lenders

Finance Minister Yannis Stournaras said Wednesday that Greece’s European partners had also agreed to grant Athens more time to implement the 13.5 billion euro austerity package.

READ THE ORIGINAL POST AT www.nytimes.com

Draghi says not aware of any Greek bailout decision


Draghi says not aware of any Greek bailout decision
Reuters
BERLIN (Reuters) - European Central Bank President Mario Draghi said on Wednesday international lenders had made progress in their review of Greece's implementation of austerity measures but he was not aware they had decided on extending its bailout ...

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UPDATE 2-Greece says is has been allowed more time for austerity


Irish Times

UPDATE 2-Greece says is has been allowed more time for austerity
Reuters
Greek government allies yet to support labour reforms. By Renee Maltezou and Lefteris Papadimas. ATHENS, Oct 24 (Reuters) - Greece's finance minister said on Wednesday that his country had been given additional time by its international lenders to ...
German Bunds Little Changed Amid Opposing Greek Deficit CommentsBloomberg
Objections by Greek junior government party blocks reforms dealTheDay.com (blog)
Greek coalition allies block austerity plan over labor cutsFox Business
NASDAQ -Fox News -NorthJersey.com
all 769 news articles »

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Greece: We got an extension; EU: No you haven't

The UN flag waves next to the Greek one on top of Acropolis hill as the temple of Parthenon is seen in the background to mark the 67th United Nations Day in Athens on Wednesday, Oct. 24, 2012. (AP Photo/Dimitri Messinis)Greece's Finance Minister said the country has been granted a long-sought extension to meet the terms of its bailout program — but the claim was swiftly shot down as "speculation" by the European Central Bank and lead lender Germany.



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FinMin: Greece achieves 2 years extra on bailout


FinMin: Greece achieves 2 years extra on bailout
The Associated Press
Greece's government has been locked in talks with its international creditors over a €13.5 billion ($17.56 billion) package of new austerity measures for the next two years. Its current multibillion-euro bailout program, under which it receives rescue ...


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Greece to cut wages and pensions further to avoid default

Greece is set to cut public sector wages and pensions, as it agrees terms with its international lenders to release the next tranche of its bailout to avoid defaulting.

READ THE ORIGINAL POST AT www.telegraph.co.uk

Greece to Get Two More Years on Budget Targets


Wall Street Journal

Greece to Get Two More Years on Budget Targets
Wall Street Journal
ATHENS—Greece will be given an extra two years to meet its budget targets but will also need to make further budget cuts and lay off thousands of state workers, according to a draft loan agreement. Enlarge Image. image. Close. image. European ...
German finmin spox-Euro group hasn't decided on GreeceReuters
Euro rallies as draft MOU leaked in GreeceForexLive (blog)

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