Greek News

Greece your time is running out, say Merkel, Sarkozy

February 6th, 2012 at 03:45pm Under Greek News

PARIS (Reuters) – The leaders of France and Germany told Greece on Monday time was running out in talks on a broad debt restructuring deal and Athens would only get bailout money from Europe if it lived up to its promise to deliver economic reforms in return. "We want this accord," French President Nicolas Sarkozy said. "Greece's leaders have made commitments and they must respect them …

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GREECE ON THE BRINK

February 6th, 2012 at 03:29pm Under Greek News

Officials in Greece were under pressure Monday to agree on the terms of a new bailout package, as the threat of a default hangs over the country.

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European stocks lower as Greece debt talks drag on

February 6th, 2012 at 03:28pm Under Greek News

European stock markets moved lower Monday, slipping back after sharp gains made on strong US jobs data last week as investors once again tracked a lack of progress on Greece's debt problems.

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Greece on the brink

February 6th, 2012 at 03:25pm Under Greek News

Officials in Greece were under pressure Monday to agree on the terms of a new bailout package, as the threat of a default hangs over the country.

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Greece Seeking Second Rescue Faces Battle to Stay in Euro

February 6th, 2012 at 01:56pm Under Greek News

Greece’s fight to win its second international bailout may only open a new chapter in its struggle to remain in the euro area.

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Greece Lets Another Deadline Slip

February 6th, 2012 at 01:55pm Under Greek News

Greece's political leaders failed to meet a deadline Monday for responding to painful terms for a fresh EU/IMF bailout.

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Greece plays game of chicken over bailout

February 6th, 2012 at 01:49pm Under Greek News

Greece let yet another deadline slip on Monday for responding to painful terms for a new EU/IMF bailout as patience in Brussels wore thin over drawn-out negotiations among its feuding political leaders.

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Greece debt level spikes, but Italy's dips

February 6th, 2012 at 12:22pm Under Greek News

Debt levels in bailed-out countries Greece, Portugal and Ireland continued to rise in the third quarter of last year, but they fell for Italy and the 17-nation eurozone as a whole, official statistics showed Monday.

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Data Show Greece’s Debt Ratio Growing as Economy Shrinks

February 6th, 2012 at 12:01pm Under Greek News

Eurostat put Greece's debt at 159.1 percent of gross domestic product in the third quarter of 2011, as austerity measures crimp economic growth.

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Greece lets another bailout deadline slip by

February 6th, 2012 at 11:38am Under Greek News

ATHENS (Reuters) – Greece let yet another deadline slip on Monday for responding to painful terms for a new EU/IMF bailout as patience in Brussels wore thin over drawn-out negotiations among its feuding …

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