Greek debt to be restructured again?

The Voice of Russia

Greek debt to be restructured again? The Voice of Russia Experts say the move is to reduce Greek debt from 144 to 70% of its GDP by 2020. However, Germany is against a write-off, as it would cost Berlin a fortune. Instead, Germany proposes to decrease loan interest rates for Athens. Voice of Russia, Interfax ... and more »

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Greece and Spain to offer residency to foreign property buyers

Greece and Spain to offer residency to foreign property buyers DigitalJournal.com Spain is considering a more enticing offer than Greece, offering residency to those purchasing property above the value of €160,000. In Greece the value of the property is set much higher, at a minimum of €300,000, Ekathimerini reported. Another plan ...

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Small Steps Not Enough for Greece

Small Steps Not Enough for Greece New York Times The battle against Greece's exit from the euro is far from won. Assume Athens is promised its next €44 billion in bailout cash and some further debt relief when euro zone finance ministers reconvene Monday. Even then, the banks will still be hobbled ...

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Political Economy: Small Steps Not Enough for Greece

Even with further debt relief from the European Union, the banks will still be hobbled, while another round of austerity is in the works and vested interests are active.

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Greece eyes agreement on debt after Eurogroup teleconference

Greece eyes agreement on debt after Eurogroup teleconference ForexLive (blog) But in fact it's the only solution for Greece if they want stay... Francesco: Gerry I am long the EUR from 1.29 with a 1.3070 – 1.3120 target, but I have started to short the... Tom: Hi Gerry, No rumors from EU teleconference ? In my opinion deal will ...

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Italy votes in center-left primary amid recession

Italy votes in center-left primary amid recession

Associated Press


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 This material may not be published, broadcast, rewritten or redistributed.

Updated 2:18 a.m., Sunday, November 25, 2012

While the candidates have been gamely campaigning and debating one another ahead of the primary, Sunday's vote has largely been overshadowed by speculation about the political ambitions of Italy's current premier, Mario Monti, and whether ex-Premier Silvio Berlusconi will run for office for a fourth term.

Berlusconi resigned as premier last year amid personal sex scandals and legal woes, unable to convince international markets that he could balance Italy's budget and pass necessary financial reforms to save Italy from a Greek-style debt crisis.

Newspaper analysts suggested Napolitano's aim in keeping Monti out of the campaign, on a potentially unelectable centrist ticket, was to ensure he remained a viable alternative for premier if neither of Italy's main parties wins a clear majority — or to be named his successor as president.

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St. John's Greek Night Forgets Sandy

Greek Reporter

St. John's Greek Night Forgets Sandy Greek Reporter The St. John's University Hellenic Society held a post-Hurricane Sandy Greek Night on Nov. 10 that brought them together to celebrate their heritage. The event, Night in the Mediterranean, featured traditional Greek folk dances, catered Greek cuisine ...

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