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| READ THE ORIGINAL POST AT www.ekathimerini.com |
How the world sees Greece
Friday, April 11, 2014
Greek bond sale demand driven by 'real money,' ministry says
KathimeriniGreek bond sale demand driven by 'real money,' ministry saysKathimeriniDemand for Greece's first bond sale in four years was driven by “real money investors,” according to the country's finance ministry. Almost half of the 3 billion euros ($4.2 billion) of five- year bonds issued on Thursday went to investors from the U.K., 7 percent ...Trouble Brews for Greece Despite Good News on Bond SaleWall Street JournalNot time to lose focus on reality of Greek returnIrish Timesall 1,173 news articles »
Merkel Returns to Greece as Germany Eases Up on Euro Area
Germany is signaling its focus on austerity may be easing as Greece begins its rehabilitation with international investors. Chancellor Angela Merkel travels to Athens today for talks with Prime Minister Antonis Samaras, a day after Greece’s ...
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| READ THE ORIGINAL POST AT www.bloomberg.com |
Greek Parliament Passes Law Amendment for Four Navy Submarines
The Greek Parliament on Thursday passed a law amendment which provides for the completion of the certification procedures and the operational accession
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| READ THE ORIGINAL POST AT greece.greekreporter.com |
Documents Found in Golden Dawn MP’s Home Show Hierarchy Plan
Documents and plans that were found in the house and computer of Golden Dawn MP, Christos Pappas in Ioannina, Northwestern Greece show
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| READ THE ORIGINAL POST AT greece.greekreporter.com |
The Brave Cypriot Teacher
The municipality of Neapolis-Sykeon in Thessaloniki, Greece in collaboration with the Model Experimental High School of the University of Macedonia and the Federation
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| READ THE ORIGINAL POST AT greece.greekreporter.com |
Portugal sets to make decision on bailout exit strategy in May
by
KG/XINHUA
Portugal is to make a decision on its bailout exit strategy by May 5, in time for the country's scheduled Eurogroup meeting, the Portuguese government announced Thursday.
The debt-laden country is nearing the end of the bailout program it signed with its international creditors three years ago, but divisions have emerged within the government as to what strategy it should follow.
Portugal is scheduled to follow Ireland's footsteps and end its bailout program on May 17, but it seems unlikely to manage a " clean exit," according to the announcement.
A precautionary credit line seems like a more likely option, and would mean more supervision and austerity for the country to be able to finance itself in the bond markets and achieve sustainable growth.
Following a council of ministers meeting Thursday, government spokesperson Marques Guedes pointed out that Ireland hadn't announced its bailout exit strategy till a day before the end of its program and Portugal would take the same approach.
The meeting was intended to discuss measures required to reach next year's deficit target of 2.5 percent, but ended to no avail.
Guedes also challenged claims made by European Union Economics Commissioner Olli Rehn, who has maintained a "better safe than sorry approach" to Portugal seeking a credit line.
Rehn said Wednesday that Finland, his home country, and not Germany, was to blame for exerting pressure on Portugal to go for a "clean exit" like its neighbor Greece.
Portugal had had no contact with the Finnish government, according to Guedes.
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| READ THE ORIGINAL POST AT www.neurope.eu |
Greek yields rise as market comeback euphoria fades
Greek bond yields rose on Friday as investors booked profits on the rally that preceded Greece's return to debt markets, although its new five-year bond held up relatively well in early trading. Athens, which had been exiled from capital markets for four years and was bailed-out to the tune of 240 billion as its economy faltered, received massive over-subscription for its first sale of a new ...
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| READ THE ORIGINAL POST AT finance.yahoo.com |
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