G8 backs Greek euro membership
The leaders of the G8 group of major economies say they want Greece to remain in the eurozone, and commit to promoting growth.
BBC News - Business ... Continue Reading
Greek company sleeps easy
Greece may be in the midst of an economic crisis but one company continues to sleep easy.
CNN.com - Business ... Continue Reading
Greek Contagion Pushes Markets into Red for Year
Published By admin On Friday, May 18th 2012. Under Forex Tags: contagion, Greek, Into, Markets, Pushes, Year
World shares slid and German borrowing costs hit record lows on Friday as a deepening Spanish banking crisis, uncertainty about Greece’s future in the euro zone and lacklustre U.S. data bolstered safe-haven assets.
World stocks, as measured by the MSCI index, dropped 0.7 percent and are now below where they began ... Continue Reading
Assessing the Odds of a Greek Euro Exit
Published By admin On Friday, May 18th 2012. Under Featured Tags: assessing, euro, Exit, Greek, odds
Despite intensifying drama, Greece could still end up sticking with the euro
BusinessWeek.com -- Top News ... Continue Reading
Debt negotiator is Greek finance minister – Sydney Morning Herald
Published By admin On Thursday, May 17th 2012. Under Finance Tags: debt, finance, Greek, Herald, minister, Morning, negotiator, Sydney
NewsdayDebt negotiator is Greek finance ministerSydney Morning HeraldAP A top negotiator in Greece's huge debt writedown deal has been appointed the country's caretaker finance minister. A government statement says Giorgos Zanias, a senior Finance Ministry official and Athens University professor of economics, ...Giorgos Zanias named caretaker Greek finance chiefNewsdayGreek PM ... Continue Reading
Officials Talk Openly of Greek Euro Exit
Published By admin On Wednesday, May 16th 2012. Under Forex Tags: euro, Exit, Greek, officials, openly, talk
With only enough cash on hand to keep the country afloat for just another month or so, the noose is tightening on Greece. The next aid installment – approximately 30 billion euros – is desperately needed to meet upcoming debt obligations, but is contingent upon Greece first implementing a further ... Continue Reading
Report: ECB Halts Operations With Several Greek Banks
Published By admin On Wednesday, May 16th 2012. Under Business Tags: Banks', Greek, halts, Operations, report, Several
The European Central Bank has reportedly ceased monetary policy operations with some Greek banks as they have not been successfully recapitalized.
FOXBusiness.com ... Continue Reading
Global shares sag as Greek turmoil saps risk appetite
Published By admin On Wednesday, May 16th 2012. Under Business Tags: Appetite, global, Greek, Risk, saps, shares, turmoil
TOKYO (Reuters) - Asian shares fell more than 3 percent, the biggest one-day drop in six months, and the dollar rose broadly on Wednesday after efforts to form a new government in Greece collapsed, fuelling fears that a second election in June could precipitate Athens' exit from the euro zone ... Continue Reading
Greek Voters Prepare to Roll the Dice
Now that Greek officials have ruled out any chance to form a new government, a follow-up election has been announced. However, this time it appears that voters are now ready to roll the dice and cast their lot with a fervent left-wing coalition running on a campaign to pressure Eurozone ... Continue Reading
GLOBAL MARKETS-Shares, commodities fall again as Greek risks dominate
Published By admin On Tuesday, May 15th 2012. Under Business Tags: again, commodities, dominate, fall, global, Greek, MARKETSShares, risks
* Euro hits four-month low, Aussie touches five-month bottom
Reuters: Company News ... Continue Reading
