June 29th, 2010 at 02:31pm Under Greek News
Strikes in Greece and Spain highlighted resistance to Europe-wide austerity measures on Tuesday as the euro and shares tumbled ahead of a deadline for banks to repay a giant European Central Bank cash injection.
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June 29th, 2010 at 02:14pm Under Greek News
Greece riot by masked protesters occured during a union strike over the country’s stark austerity measures, currently being considered by Parliament.
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June 29th, 2010 at 12:20pm Under Greek News
Greece and Spain led a surge in the cost of insuring against losses on sovereign debt to near a record as protests over austerity measures and concern banks may struggle to fund themselves triggered a credit-market sell-off.
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June 29th, 2010 at 11:19am Under Greek News
Strikes in Greece and Spain highlighted resistance to Europe-wide austerity measures on Tuesday as the euro and shares tumbled ahead of a deadline for banks to repay a giant European Central Bank cash injection.
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June 29th, 2010 at 08:32am Under Greek News
Greece needs an orderly restructuring of its public debt to head off an “inevitable default”, says Nouriel Roubini.
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June 29th, 2010 at 08:16am Under Greek News
June 29 (Bloomberg) — Bloomberg’s Nicole Itano reports from Piraeus Port, near Athens, on Greece’s fifth general strike of the year today, halting ferries, public transport and other state services.
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June 29th, 2010 at 01:33am Under Greek News
It is time to recognise that Greece is not just suffering from a liquidity crisis; it is facing an insolvency crisis too. Rating agencies have started to downgrade its public debt to junk level, while spreads on Greek sovereign bonds last week spiked to new highs.
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June 28th, 2010 at 06:21pm Under Greek News
Greece’s government said Monday it has sued a wealthy Greek Orthodox monastery over a real estate dispute that blew into a major political scandal which helped bring down the previous, conservative administration.
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June 28th, 2010 at 06:19pm Under Greek News
Greece will overcome its huge debt crisis with its austerity plan, an IMF official said on Sunday as a poll showed a majority of Greeks fear that unpopular pension reforms will be in vain.
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June 28th, 2010 at 05:09pm Under Greek News
ATHENS, Greece – Greece’s government has sued a wealthy Greek Orthodox monastery over a real estate dispute that has become a major political scandal.
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