Greece

The International Monetary Fund agrees with Greece's government that the costs of restructuring Athens' public debt load would outweigh any benefits, a top IMF official said on Wednesday, Reuters reported. "We agree with the Greek authorit ...

Daily Headline - global.abi.org - 10/21/2010 - 08:32 - 0 comments

Wind Hellas's creditors have wrested control of the Greek telecommunications company from Egyptian entrepreneur Naguib Sawiris after agreeing to a EUR420 million cash injection, the company said in a statement Monday, Dow Jones Daily Bankruptcy Revi ...

Daily Headline - global.abi.org - 10/19/2010 - 08:26 - 0 comments

As the government of Prime Minster George Papandreou struggles to get the nation’s financial house in order — reducing the size of its bloated civil service, chasing after tax evaders and overhauling its pension system — it has also begun to tackle a muc ...

Resource Article - global.abi.org - 10/15/2010 - 07:45 - 0 comments - 0 attachments

Greek labor tensions heightened Thursday, as a railway strike caused travel chaos and police and workers clashed outside the country's most revered archeological treasure, The Wall Street Journal reported. The protest in the Greek capital re ...

Resource Article - global.abi.org - 10/14/2010 - 23:27 - 0 comments - 0 attachments

Greece's deficit-reduction efforts are starting to bear fruit in the debt markets, where the nation sold a batch of short-term bills at a yield lower than a previous, similar auction, The Wall Street Journal reported. Hungary, which isn't a ...

Daily Headline - global.abi.org - 10/13/2010 - 07:09 - 0 comments

Chinese Premier Wen Jiabao offered Greece a major vote of confidence on a visit to the debt-ridden European nation, saying China will continue to buy Greek bonds and announcing the creation of a $5 billion fund to help Greek shipping companies buy Chines ...

Daily Headline - global.abi.org - 10/04/2010 - 07:45 - 0 comments

Greece’s parliament has pushed through legislation that in effect grants a tax amnesty to millions of citizens, in a move at odds with organisations overseeing the country’s bail-out, the Financial Times reported. The law will allow the government to ...

Daily Headline - global.abi.org - 10/01/2010 - 09:19 - 0 comments

The International Monetary Fund hasn't ruled out putting together more aid for Greece to help the country stave off an unlikely default, if ever needed, a person familiar with the matter said, The Wall Street Journal reported. In May, the IM ...

Resource Article - global.abi.org - 09/17/2010 - 07:34 - 0 comments - 0 attachments

Greece’s finance minister has strongly rejected the idea that Athens will be forced to restructure its debts, saying that a default would break the eurozone. On a two-day visit to London, Paris and Frankfurt to convince investors that Athens has turned a ...

Daily Headline - global.abi.org - 09/16/2010 - 08:51 - 0 comments

Greece raised €1.17 billion ($1.5 billion) in an oversubscribed sale of 26-week treasury bills Tuesday, in the first of a regular monthly debt issue as Greece tests the market's appetite for buying Greek debt, the Associated Press reported. The ...

Resource Article - global.abi.org - 09/15/2010 - 09:31 - 0 comments - 0 attachments