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Greek PM now says does not need EU or IMF support »
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European stocks slip on doubts over Greek rescue (AP) »
concrete financial support, leaving it to potentially seek assistance from the International Monetary Fund.
Germany has said this week that Greece’s debt problems can be addressed only by the country’s austerity program. That suggests an EU summit next week, which had been expected to propose bilateral loans for Greece, will come up empty-handed.
and the [...]
Euro ministers say have Greek aid plan if needed »
(Reuters) – Finance ministers from the 16-country euro zone agreed on Monday to mobilize financial aid for Greece rapidly if needed but revealed little of how their standby plan for the debt-stricken nation would work.
After talks in Brussels, the ministers published a statement saying they had agreed the technicalities of what would be the [...]
EU executive to put Greek plan to finance ministers »
(Reuters) – The European Union’s executive said on Monday it was ready to propose a framework that could be used to aid Greece, despite signs of continuing reluctance from France and Germany to make concrete commitments.
Ministers were expected to discuss the possibility of providing loan guarantees or bilateral loans to help Athens finance its [...]
Risk Appetite Takes a Hit- Greek Crisis Continues »
Thu, Feb 25 2010, 23:15 GMT
2/25/2010 7:30 am: EUR/$..1.3483 $/JPY..89.44 GBP/$..1.5298 $/CHF..1.0852 AUD/$..0.8882 $/CAD..1.0583
Asian markets were generally down today on risk aversion as the Greek sovereign debt crisis once again takes center stage. Risk appetite was subdued after both Moody’s and S&P’s stated that they may downgrade Greece’s credit rating, rekindling [...]
Stocks, euro rise; Greek worries persist »
Stocks, euro rise; Greek worries persist
European shares gained on Tuesday after UK bank Barclays beat profit forecasts, and the euro rose against the dollar as European finance ministers put more pressure on Greece to resolve its fiscal problems.
Greek borrowing costs, however, rose.
Oil and metal prices advanced, supported by a weaker U.S. currency, [...]
FTSE ends down on Greek debt saga (AFP) »
closed lower on Friday as recovery stalled in the eurozone and the Greek debt saga weighed on the markets.
ended 0.37 percent lower at 5,142.45 points.
(LBG) was the most traded stock, seeing 434 million units change hands, followed by
(RBS), which saw 95 million shares switch owners.
topped the leader board, gaining 16 pence [...]
Eurogroup to push for Greek reforms, not prepare bailout »
Eurogroup to push for Greek reforms, not prepare bailout
Euro zone finance ministers will pile up pressure on Greece on Monday to fully implement planned budget deficit cuts so that the euro area would never have to deliver on its last week’s pledge of support for Athens.
European Union leaders issued a statement on Thursday [...]
Greek drama plays out on Wall Street »
U.S. stocks could struggle to make headway this week if a meeting of European finance ministers fails to reassure markets that they can contain Greece’s debt problems.
Greece’s financing problems have focused investors’ attention on the growing mountain of public debt as cash-strapped governments around the world spend their way out of recession. The fear [...]
Greek slump threatens debt plan, EU aid elusive »
Greek slump threatens debt plan, EU aid elusive
Greece’s economy shrank more than feared last quarter and the government on Friday sharply revised down its figures for the previous three quarters as well, increasing doubts about its ability to resolve its debt crisis.
Euro zone sources preparing for meetings of the region’s finance ministers [...]