Greece
Greece Articles
German chancellor Angela Merkel has made it abundantly clear that Germany has no interest in renegotiating the austerity plan that the Eurozone agreed to with Greece. And while it may seem that her...
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Angela Merkel continues to dig in her heels as Greece insist it may reject the austerity measure which have allowed it to get loan support from its eurozone neighbors and the IMF. A portion of the...
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Gold for June delivery closed down 0.6% today, at $1,594.20/ounce on Comex, the lowest settlement price since December 30. Traders are reacting to two things: a strengthening U.S. dollar and an even...
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Some Eurozone officials are reported to be considering delaying tomorrow’s scheduled €5.2 billion payment to Greece that is part of the €130 billion bailout package sealed by the EU, the IMF,...
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For some reason, Europe’s largest stock markets have shrugged of election results in Greece and France. Many indexes are down, particularly in Greece. But, the markets the world watches most...
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Markets may open down across Asia, and then Europe and the US as minority parties appear to have made major gains in Greek elections. The coalition which has run Greece throughout its most recent...
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Last year the Greek and German governments proposed a solar PV project to be built in Greece that would generate up to 10,000 megawatts of electricity that could then be sold to other European...
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Virtually as soon as last month’s Greek debt swap deal was done, Fitch Ratings lifted their rating on Greek debt from ‘Restricted Default’ to ‘B-/Stable’. That’s still junk, but a higher...
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Greek Prime Minister Lucas Papademos told an Italian interviewer that the country may need a third bailout package from fellow Eurozone members, even though the country will do everything it can to...
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The IMF has indicated that unless the economy of Greece responds quickly to reforms that another bailout may be necessary. It is hard to figure why austerity should provide an environment for GDP...
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Greece will have to cut another 5.5% in GDP of government spending or miss the budget targets it has set for a bailout. This is according to a European Commission report that reporters...
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Most U.S. banks do well on Fed stress tests, but Citigroup (NYSE: C) does poorly. (Reuters) The prime minister of China says the government will speed up economic reforms to cushion the economy....
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China’s consumer inflation reached a 20-month low as it increased only 3.2% in February. The data indicate that a number of new trends have taken hold in the People’s Republic. The first is that...
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Greece apparently has its 130 billion euro bailout, which should probably carry it through 2014. At least that is the intention. Private creditors have agreed to a 53.5% reduction in the value of...
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