Finance ministers of the Eurozone Monday insisted that there is no need to offer financial aid to Greece right now, but said that the group is considering a mechanism to help the country in the case of need.Full story
2010-04-29 02:46:39 GMT Xinhua English
WASHINGTON, April 28 (Xinhua) -- U.S. President Barack Obama and German Chancellor Angela Merkel on Wednesday stressed the importance of solving the debt crisis in Greece on the phone, the White House said.
2010-03-31 02:48:03 GMT Xinhua English
BERLIN, March 30 (Xinhua) -- Over two thirds of Germans are against their country's involvement in any aid package for debt- laden Greece, a latest poll conducted by the Forsa Institute for German weekly Stern showed Tuesday.
2010-03-26 02:31:46 GMT Xinhua English
BRUSSELS, March 25 (Xinhua) -- Eurozone leaders agreed on a standby aid plan for debt-laden Greece late on Thursday, which combines bilateral loans from eurozone members and contribution from the International Monetary Fund (IMF).
2010-03-23 02:15:12 GMT Xinhua English
BRUSSELS, March 22 (Xinhua) -- European Union (EU) leaders should decide on a bailout plan for Greece at a summit later this week, the Spanish presidency of the 27-nation bloc said on Monday.
2010-03-23 02:36:46 GMT Xinhua English
WASHINGTON, March 22 (Xinhua) -- The Greek debt crisis could affect the U.S. economy in several ways, including constraining euro zone growth and thus constraining U.S. exports, warned Federal Reserve Bank of Atlanta President Dennis Lockhart on Monday.
2010-03-09 08:34:49 GMT SINA.com
The dollar weakened against the euro Monday after French President Nicolas Sarkozy said Europe is ready to help Greece if needed, boosting investor optimism about the nation's debt crisis.
2010-03-04 11:02:14 GMT Xinhua English
TOKYO, March 4 (Xinhua) -- Japan's Nikkei Stock Average fell 1. 05 percent on Thursday as a resurgent yen versus the dollar impacted firms who rely on oversees profits and anxious investors opted to lock in profits amid concerns over Greece's debt woes and ahead of important macroeconomic data due out from the U.S. on Friday.
2010-03-03 23:24:44 GMT SINA.com
ATHENS, Greece – With creditors demanding solutions to the Greek debt crisis and the financial world increasingly on edge, Athens on Wednesday froze pensions, cut civil service salaries and slapped new taxes on everything from cigarettes and alcohol to fuel and precious gems.
2010-03-03 12:27:48 GMT SINA.com
World markets traded in a narrow range Wednesday amid hopes of a solution to Greece's financial crisis after the government unveiled further brutal measures to bring down its borrowing levels.
2010-03-31 02:30:26 GMT Xinhua English
Greek protesters expressed their dissatisfaction in front of the Ministry of Labor and Social Security building during a protest in central Athens, capital of Greece, March 30, 2010. The Greek government has launched austerity measures in order to reduce a public deficit that reached 12.7 percent of output in 2009. These measures caused protests in Athens.
2010-03-09 08:31:37 GMT SINA.com
Just over a year ago a few members of the research team at Hedgeye attended a lecture at Yale Law School by Robert Rubin, the former Secretary of the Treasury under Bill Clinton. During the question and answer session, Rubin was asked about sovereign risk -- the threat that an entire nation effectively walking away from its financial obligations. Mr. Rubin was blunt: he said categorically that he did not expect any major nations to default on its debt.
2010-03-05 03:17:51 GMT Xinhua English
ATHENS, March 4 (Xinhua) -- Greece not only has problems, but also successes, and the country plays an important role internationally in such sectors as shipping and fisheries, the EU' s Greek Commissioner on Shipping and Fisheries Maria Damanaki said on Thursday during a visit in Athens.
2010-03-02 13:40:35 GMT Xinhua English
BEIJING, March 2 (Xinhua) -- The world faces the possibility that embattled Greece will become another Lehman Brothers by escalating the European sovereign debt crisis into a new round of global financial turmoil.
2010-01-23 14:33:46 GMT SINA.com
Greece and other euro-zone countries with excessive budget deficits must do everything they can to put their finances in order, the president of the European Central Bank said in an interview published Saturday.
2010-03-09 10:17:02 GMT SINA.com
Greece needs to take further steps to tackle its budget crisis and must meet its debt reduction goals despite the pain, EU Economic Affairs Commissioner Olli Rehn said on Monday.
2010-01-10 22:08:16 GMT Xinhua English
ATHENS, Jan. 10 (Xinhua) -- Greek Prime Minister George Papandreou denounced on Sunday evening as racist recent vitriolic comments against the country on the status of its national economy by foreign officials and media.
2010-01-08 16:59:52 GMT Xinhua English
ATHENS, Jan. 8 (Xinhua) -- A European Union (EU) Commission auditing team on Friday asked the Greek government to urgently adopt more austere measures on deficit reduction.
2010-01-07 00:14:38 GMT Xinhua English
ATHENS, Jan. 6 (Xinhua) -- Greece will not need any assistance, as the government will take all necessary measures to solve the country's own problems, Greek Finance Minister Giorgos Papaconstantinou said on Wednesday afternoon.
2009-12-18 19:25:52 GMT Xinhua English
ATHENS, Dec. 18 (Xinhua) -- The Greek government intends to bring radical changes to the tax system by next March to boost budget revenues and overcome the economic crisis, said Greek Finance Minister George Papaconstantinou on Friday.
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