Greece
Greece Articles
The prime minister of China says inflation is the government’s first priority and that the central bank there may tighten monetary policy again (Reuters) EU financial ministers and central bankers...
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The Greek constitution probably allows people to stage peaceful gatherings. It is unlikely that it permits those gatherings to turn into dangerous riots. Many Greek citizens don’t care about those...
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Markets expressed concerned about what the Fed will do as QE2 ends. (Reuters) Lloyd’s new CEO may cut 15,000 jobs. (Reuters) Asia will press Lagarde to keep promises she gave while seeking to lead...
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Odds that a Greek austerity bill will pass rose. (Reuters) Bank of America (NYSE: BAC) is near a deal to settle an MBS charge for $8.5 billion. (Reuters) A new Google (NASDAQ: GOOG) feature targets...
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China is worried that inflation will be above the government goal and result in higher interest rates as its economy slows. (Reuters) David Solomon may be the next CEO of Goldman Sachs. (NYSE: GS)...
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New Greece Finance Minister Evangelos Venizelos tried to renegotiate more favorable bailout terms at the last minute with the IMF and EU. He supposedly believed that a less onerous package would be...
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Greek Prime Minister George Papandreou won a vote of confidence in his nation’s parliament, but his party has only a handful of representatives to give it a majority. That does not matter for now....
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The IMF says it will not support future payments to Greece unless the government shows it has the will to pass more austerity measures. Eurozone finance ministers have already delayed a $17 billion...
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The US government and Greece each need money, though direct comparisons made between the southern European nation and America are wrong. The US can afford to run a deficit for years, and spend...
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Greece’s Socialist government announced that Evangelos Venizelos will replace George Papaconstantinou as finance minister. Whether a new cabinet created by Greek Prime Minister George Papandreou...
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Prime Minister George Papandreou said he would try to create a coalition government which would include the major opposition party. His offer may be turned down, and there is a chance a vote of...
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The Greek government will sell 10% of the Hellenic Telecommunications Organization, the nation’s telecom company, to Deutsche Telekom of $585 million. That it not much for a country that has $130...
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Demonstrations over Greece’s plans to increase austerity measures to get new EU and IMF loans brought 80,000 people into the streets of Athens over the weekend. Prime Minister George Papandreou may...
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The Greek government is between Scylla and Charybdis. It can restructure its debt, which would ruin its ability to raise funds in the capital markets and a cause a collapse of its already unstable...
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Germany’s GDP rose by 1.5% in the first quarter. France’s was higher by 1%. The numbers are nothing to brag about, but they are far better than those of the weak economies of Ireland, Greece and...
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