Posts Tagged ‘greece’

How Washington Pushed Europe to Save the Euro

Monday, October 11th, 2010

This year’s rescue plans for Greece and the euro zone were driven partly by rising US anxiety about the risks to global financial stability stemming from Europe’s slowness to take action. The FT reports.

Read the original here:
How Washington Pushed Europe to Save the Euro

China to the Rescue! Wen Offers to Buy Greek Debt

Saturday, October 2nd, 2010

While Greece and other nations struggle to dig out from under a mound of debt, rising powerhouse China has stepped in, offering to buy more Greek bonds.

Link:
China to the Rescue! Wen Offers to Buy Greek Debt

Greek Unions Hold New General Strike Against Cuts

Thursday, May 20th, 2010

Unions plan to protest the painful austerity measures of Greece’s cash-strapped government by holding a general strike Thursday that will close much of the country’s public sector and shut down public transport.

See the rest here:
Greek Unions Hold New General Strike Against Cuts

EU Works on Plan to Stop Greek Crisis From Spreading

Saturday, May 8th, 2010

Officials are working out the details of a financial support mechanism to prevent Greece’s debt turmoil from spreading.

See the article here:
EU Works on Plan to Stop Greek Crisis From Spreading

Greece Aid May Not Be Enough To Avoid a Default: Analysts

Thursday, April 29th, 2010

European policy makers say a Greek debt restructuring is not an option, but economists and some politicians are starting to suggest it may have to be part of the solution to Greece’s debt crisis.

See the rest here:
Greece Aid May Not Be Enough To Avoid a Default: Analysts

Greece Hints It Might Need Aid If Markets Remain Skeptical

Saturday, April 10th, 2010

Euro zone finance ministers will hold talks on Sunday to detail how a safety net for Greece would work  as Greece’s prime minister indicated Athens may use the mechanism if necessary.

Read this article:
Greece Hints It Might Need Aid If Markets Remain Skeptical

Germany Won’t Offer Greece a Single Cent: Minister

Friday, March 5th, 2010

Germany won’t offer Greece a cent in aid, Economy Minister Bruederle said hours before the Greek Prime Minister was due to arrive.

Read the rest here:
Germany Won’t Offer Greece a Single Cent: Minister

Greek PM Says Worst Fears Confirmed on Economy

Friday, February 26th, 2010

Greek Prime Minister George Papandreou told parliament on Friday, after a visit by EU economic inspectors, that the worst fears about Greece’s economy had been confirmed.

Read more:
Greek PM Says Worst Fears Confirmed on Economy

Wall Street Helped Cover Up Greek Debts, Fueling Crisis

Sunday, February 14th, 2010

Tactics like the ones that fostered subprime mortgages in America have worsened the financial crisis shaking Greece and undermining the euro, reports the New York Times.

See more here:
Wall Street Helped Cover Up Greek Debts, Fueling Crisis

Greek Aid Pledge Disappoints Markets, But Stocks Still Rise

Thursday, February 11th, 2010

European leaders said they were ready to support Greece to stave off a crisis, but disappointed markets by failing to offer details. Still, both US and European stocks managed to rebound.

Continue reading here:
Greek Aid Pledge Disappoints Markets, But Stocks Still Rise