Greece

Eight months after he lobbied on behalf of Greece's creditors during the biggest debt restructuring in the history of world finance, Charles Dallara launched a withering attack on the policies of austerity, saying a "new course" was needed ...

Daily Headline - global.abi.org - 11/14/2012 - 23:27 - 0 comments

The International Monetary Fund, criticized for decades for prescribing harsh medicine to heavily indebted governments, is pressing reluctant euro-zone governments to go easy on Greece, The Wall Street Journal Brussels Beat blog reported. It is a fig ...

Daily Headline - global.abi.org - 11/13/2012 - 23:03 - 0 comments

Euro-area finance ministers gave Greece two extra years to wrestle down its budget deficit, pledging to plug the resulting financing gaps in order to keep the country in the single currency and prevent a renewed flareup of the debt crisis, Bloomberg repo ...

Daily Headline - global.abi.org - 11/12/2012 - 23:35 - 0 comments

Greece is battling to raise funds to avoid defaulting on a €5bn debt repayment this week as international lenders remained deadlocked over how to reduce its overall debt even as Athens won parliamentary approval for its 2013 austerity budget, the Finan ...

Daily Headline - global.abi.org - 11/12/2012 - 23:36 - 0 comments

Eurozone leaders face a new round of brinkmanship over Greece’s €174bn bailout after international lenders failed to bridge differences on how to reduce Athens’ burgeoning debt levels, pushing the country perilously close to defaulting on a €5bn debt pay ...

Daily Headline - global.abi.org - 11/08/2012 - 23:37 - 0 comments

Greece’s Parliament narrowly passed a crucial austerity bill early Thursday, in a vote that left the coalition government reeling from dissent as it struggles to secure vital bailout funds, The Washington Post reported. The bill, which will further s ...

Daily Headline - global.abi.org - 11/07/2012 - 22:07 - 0 comments

Eurozone leaders have given themselves three weeks to finalise an overhaul of Greece’s bailout programme, requiring parliamentary backing in creditor countries that are sceptical about reducing Athens’ interest rate burden, the Financial Times report ...

Daily Headline - global.abi.org - 11/06/2012 - 23:58 - 0 comments

Europe's governments and the European Central Bank are at odds about who should shoulder the financial burden of giving Greece more time to repay its loans and remain part of the euro zone, The Wall Street Journal reported. The search for a solu ...

Daily Headline - global.abi.org - 11/05/2012 - 22:05 - 0 comments

Antonis Samaras, the Greek prime minister, invoked the prospect of his nation tumbling out of the eurozone as he sought to rally wobbling MPs ahead of critical parliamentary votes that could determine whether the government gains access to a desperately- ...

Daily Headline - global.abi.org - 11/04/2012 - 22:04 - 0 comments

Greece's negotiations with international lenders for desperately needed rescue funds some two weeks before bankruptcy looms are stuck, the IMF said Thursday, sending Greek stocks plunging, The Sydney Morning Herald reported. The International Mo ...

Daily Headline - global.abi.org - 11/01/2012 - 22:18 - 0 comments