Greece Denies Speculation of 3-Year Debt Sale Plan (Update1) (Bloomberg)

March 11th, 2010 at 06:21pm Under Greek News

March 11 (Bloomberg) — Greece has no plan to sell three- year bonds, the head of the nation’s debt agency said. Speculation about Greece planning to sell such securities is “unfounded,” Petros Christodoulou , the debt agency head, said today in an interview.

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Greece crippled by general strike (Sky News Australia)

March 11th, 2010 at 06:05pm Under Greek News

Greece ground to a halt on Thursday in the second general strike in two weeks against austerity measures crippling public transport and closing schools, hospitals and government offices.

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Greece ‘Not Looking’ to Sell Three-Year Bonds, PDMA Head Says (Bloomberg)

March 11th, 2010 at 04:54pm Under Greek News

March 11 (Bloomberg) — Greece has no plan to sell three- year bonds at the moment, the head of the nation’s debt agency said. Speculation about Greece planning to sell such securities is “unfounded,” Petros Christodoulou, the debt agency head, said today in an interview.

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Roach Says IMF Is Best Placed to Enforce Adjustment in Greece (Bloomberg)

March 11th, 2010 at 04:54pm Under Greek News

March 11 (Bloomberg) — The International Monetary Fund, rather than the European Union, is best placed to enforce the economic adjustments that Greece must take to overcome its budget crisis, said Stephen Roach, chairman of Morgan Stanley Asia Ltd.

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Greece Underestimating GDP Fall, Deutsche Bank Says (Update2) (BusinessWeek)

March 11th, 2010 at 03:19pm Under Greek News

Greece’s economy will contract “substantially” more this year than the government forecast in the deficit-cutting plan it gave to the European Commission, said Deutsche Bank AG economists led by Thomas Mayer.

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Forget Greece: Italy derivatives bomb also ticking (Reuters via Yahoo! UK & Ireland News)

March 11th, 2010 at 03:18pm Under Greek News

Financial markets are gripped by the role derivatives have played in Greece’s debt crisis, but Italy also has a derivatives time bomb, and hundreds of cities are in the 24 billion euro blast zone.

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Merkel says confidence now key for Greece (Reuters via Yahoo! UK & Ireland News)

March 11th, 2010 at 02:37pm Under Greek News

German Chancellor Angela Merkel said on Thursday the first priority for Greece is to win back the confidence of financial markets and that the debt-stricken country’s first steps had a positive impact.

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Feldstein Says Euro’s Fall Due to ‘Panic’ Over Greece (Update1) (Bloomberg)

March 11th, 2010 at 02:24pm Under Greek News

March 11 (Bloomberg) — Harvard University Professor Martin Feldstein said the euro’s 4.6 percent decline against the dollar this year has been “panic selling” stemming from the financial crisis in Greece.

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Fresh general strike in Greece (ITN via Yahoo! UK & Ireland News)

March 11th, 2010 at 02:02pm Under Greek News

All public services and schools have been shut down in Greece as workers hold another general strike in protest against spending cuts.

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Greece brought to a halt by austerity protest strike (Times Online)

March 11th, 2010 at 01:19pm Under Greek News

Much of Greece ground to a halt today as public and private sector unions called another general strike in opposition to tough government austerity measures and proposed pension reforms aimed at restoring fiscal order for the battered economy.

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