Greek News
February 5th, 2012 at 05:22pm
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ATHENS (Reuters) – Greece's prime minister scrambled Sunday to convince lenders and politicians to sign off on a 130 billion euro rescue, after his finance minister said just hours remained to clinch a deal to avoid a messy default. A technocrat appointed in November, Prime Minister Lucas Papademos is fighting to prevent cash-strapped Greece from sinking into a chaotic default when big bond …
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Continue Reading Greece on "knife edge" in push to agree bailout
February 5th, 2012 at 03:10pm
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Greece's prime minister scrambled to convince lenders and politicians to sign off on a €130 billion rescue package today, after his finance minister said just hours remain before the euro zone leaves the country to its fate.
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Continue Reading Greece on a 'knife edge' as deadline for bailout looms
February 5th, 2012 at 12:09pm
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ATHENS (Reuters) – Greece's prime minister scrambled on Sunday to convince lenders and politicians to sign off on a 130 billion euro (108 billion pound) rescue, after his finance minister said just hours …
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Continue Reading Greece on "knife edge" in last hours to agree bailout
February 5th, 2012 at 03:57am
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The interim government agreed to cut spending this year by 1.5 percent of Greece’s gross domestic product, but members have yet to agree on details of austerity measures.
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Continue Reading Greece Agrees to Harsh New Spending Cuts
February 5th, 2012 at 03:48am
Under Greek News
The interim government agreed to cut spending this year by 1.5 percent of Greece’s gross domestic product, but members have yet to agree on details of austerity measures.
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Continue Reading Greece Agrees to Harsh New Spending Cuts
February 5th, 2012 at 12:56am
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Greece is under heavy pressure from its creditors to implement further austerity and structural measures if it wants to get a second, euro130 billion ($171 billion) bailout, and avoid bankruptcy.
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Continue Reading Greece Sets Sunday Deadline For Debt Talks
February 4th, 2012 at 11:38pm
Under Greek News
BRUSSELS (Reuters) – Euro zone finance ministers told Greece on Saturday it could not go ahead with an agreed deal to restructure privately-held debt until it guaranteed it would implement reforms needed to secure a second financing package from the euro zone and the IMF. Euro zone ministers had hoped to meet on Monday to finalize the second Greek bailout, which has to be in place by mid-March …
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Continue Reading Euro zone loses patience with Greece
February 4th, 2012 at 11:37pm
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Euro zone finance ministers told Greece on Saturday it could not go ahead with an agreed deal to restructure privately-held debt until it guaranteed it would implement reforms needed to secure a second …
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Continue Reading Eurozone loses patience with Greece
February 4th, 2012 at 10:58pm
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BERLIN (Reuters) – The possibility of a sovereign default by Greece cannot be ruled out, Jean-Claude Juncker, head of the Eurogroup of finance ministers from the single currency zone, said in a German magazine on Saturday. In an advance copy of comments to news weekly Der Spiegel, Jean-Claude Juncker was quoted as saying Greece could no longer expect solidarity from other euro zone members if it …
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Continue Reading Eurogroup's Juncker warns of possible Greece default
February 4th, 2012 at 08:42pm
Under Greek News
ATHENS (Reuters) – Greece has just one day left to strike a deal with impatient lenders and reluctant political party leaders on a 130 billion rescue plan before the country is pushed towards a chaotic default, its finance minister warned on Saturday. Athens has wrangled without success for weeks with lenders and private bondholders on the bailout package and a bond swap plan, putting itself …
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Continue Reading Greece says faces 24-hour deadline to clinch rescue
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