ECB May Be Forced to Delay Exit as Greece Unnerves Markets (Bloomberg)

February 9th, 2010 at 01:44am Under Greek News

Feb. 9 (Bloomberg) — The European Central Bank may be forced to delay the withdrawal of emergency lending measures because it could inflame financial-market concerns about Greece, Spain and Portugal, economists said.

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Euro Near 8-Month Low Against Dollar on Greece Fiscal Crisis (Bloomberg)

February 9th, 2010 at 01:30am Under Greek News

Feb. 9 (Bloomberg) — The euro traded near an eight-month low against the dollar on concern a European Union summit this week will fail to address Greece’s fiscal crisis, damping demand for assets in the region.

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Euro Near 8-Month Low Against Dollar on Greece Fiscal Crisis (Bloomberg)

February 9th, 2010 at 01:24am Under Greek News

Feb. 9 (Bloomberg) — The euro traded near an eight-month low against the dollar on speculation a European Union summit this week will fail to directly address Greece’s fiscal crisis.

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Can Greece outrun the lion of default? (The Japan Times)

February 8th, 2010 at 09:04pm Under Greek News

ATHENS — Even as the European Union and the International Monetary Fund lay the groundwork for a giant first-round bailout, debate is swirling about whether Greece can avoid sovereign default. Some view Greece as Argentina revisited, noting the stunning parallels with the country that in 2001 set the record for the world’s largest default (in dollars). Others, such as Greek Prime Minister George …

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Tourist’s texts to Greece save him in New Zealand (Reuters via Yahoo! News)

February 8th, 2010 at 08:09pm Under Greek News

A tourist who got lost on a New Zealand mountain was rescued after sending text messages to his family in Greece, newspapers and websites reported on Monday.

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Greece Not Named as New EU President Sets Tone for Summit (BusinessWeek)

February 8th, 2010 at 05:58pm Under Greek News

A European Union summit this week will focus on long-term economic strategy, President Herman Van Rompuy said, making no direct reference to Greece’s fiscal crisis.

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El-Erian Says Greece Will Need External Financing (Update1) (BusinessWeek)

February 8th, 2010 at 03:58pm Under Greek News

Mohamed A. El-Erian, whose company runs the world’s biggest mutual fund, said Greece will need external financing as it tackles the European Union’s largest budget shortfall.

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Most European Stocks Decline; National Bank of Greece Slides (Bloomberg)

February 8th, 2010 at 03:50pm Under Greek News

Feb. 8 (Bloomberg) — Most European stocks declined after the Dow Jones Stoxx 600 Index’s biggest weekly slump in 11 months, as European finance chiefs failed to ease concern over deficits in Greece, Portugal and Spain.

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Greece Needs IMF Program to Stem Contagion, Das Says (Update1) (BusinessWeek)

February 8th, 2010 at 02:42pm Under Greek News

Greece needs an International Monetary Fund program and further spending cuts to allay investor concerns about its debt load and contagion in other European markets, said Roubini Global Economics’ Arnab Das.

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European Stocks Fall for Fourth Day on Greece; Asia Shares Drop (Bloomberg)

February 8th, 2010 at 02:02pm Under Greek News

Feb. 8 (Bloomberg) — European stocks dropped, extending their biggest weekly slump in 11 months, as European finance chiefs failed to ease concern over deficits in Greece, Portugal and Spain. U.S. index futures fluctuated and Asian shares fell.

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