Greece and Cyprus News

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Fri, 19 Mar 2010 11:54:00 GMT

Euro at one-week low on Greek debt concerns

* Euro slips vs dollar amid revived Greek debt worries * Traders eye EU summit next week to see if Greece gets aid (Adds comment, updates throughout) LONDON, March 19 (Reuters) - The euro hit a one-week low on Friday, pressured by nagging concerns about
Fri, 19 Mar 2010 11:54:00 GMT

Greece's Papandreou says WWII reparations still open

Greek Prime Minister Georgios Papandreou said the issue of German reparations for World War II was still “open,� potentially putting Athens on a collision course with Berlin as it contends with a crippling debt crisis. Official report: Dresden
Fri, 19 Mar 2010 11:53:00 GMT

Euro slumps against dollar on Greece concerns

The euro dived against the dollar on Friday as investors sought the safe-haven greenback amid uncertainty about international assistance for debt-plagued Greece. In morning London trade, the European single currency tumbled to 1.3579 dollars. It later
Fri, 19 Mar 2010 11:53:00 GMT

Germany: IMF help for Greece not ruled out

German officials say Berlin isn't ruling out financial aid from the International Monetary Fund for Greece, but say no decision is needed now.
Fri, 19 Mar 2010 11:52:00 GMT

EU: Greek measures already have good effects

BRUSSELS, March 19 (Reuters) - Greece's financial austerity programme has already had beneficial effects and the Greek authorities have taken decisions that required political courage, a European Commission spokesman said on Friday. The Greek package,
Fri, 19 Mar 2010 11:52:00 GMT

Oil extends losses below $82 on firm dollar, Greek woes

The U.S. currency rose against the euro after Greece said it could not achieve promised deficit cuts if its borrowing costs remained high, raising the stakes in its quest for the European Union to help tackle its debt crisis. The dollar index .DXY, which
Fri, 19 Mar 2010 11:48:00 GMT

Here's The Reason The Greece Bailout Is Faltering And The IMF Is Becoming The Top Option

Ambrose Evand-Pritchard sheds some insight into the 180-turn that's happened in Greece over the last 24-48 hours. There's really two things. The first is that European leaders have grown skittish for political reasons about bailing out Greece or
Fri, 19 Mar 2010 11:45:00 GMT

Greek fears threaten financing window

We have updated our member account system We have listened to your feedback and are making some changes. We now require everyone to create a unique display name that will be shown when you leave a comment. This display name can not be changed. Your new
Fri, 19 Mar 2010 11:45:00 GMT

GLOBAL MARKETS-Banks lift stocks; Greece woes dent euro

* MSCI world equity index up 0.2 percent * Stocks higher, lifted by banks as Lloyds returns to profit * Greece worries weigh on sentiment, keep euro weak LONDON, March 19 - European shares rose modestly on Friday, lifted by gains in banking stocks, but
Fri, 19 Mar 2010 11:45:00 GMT

Euro slumps against dollar on Greece concerns

LONDON (AFP) - The euro dived against the dollar on Friday as investors sought the safe-haven greenback amid uncertainty about international assistance for debt-plagued Greece. In morning London trade, the European single currency tumbled to 1.3579
Fri, 19 Mar 2010 11:45:00 GMT

Greek Debt Worries Keep Euro Under Pressure

The euro slipped on Friday, pressured by nagging concerns about Greece's deficit problems as traders waited to see if Athens can secure aid from euro zone members at a summit next week. It hovered near a one-week low hit against the dollar on Thursday
Fri, 19 Mar 2010 11:45:00 GMT

Greece looks to IMF as hope of EU rescue package fades

GREECE is doing everything the IMF (International Monetary Fund) would ask of it, its prime minister said, as the chances of an EU rescue fund began to fade. Premier George Papandreou challenged Germany to give up its doubts about a rescue package, while
Fri, 19 Mar 2010 11:44:00 GMT

DIARY - Greece to April 20, 2010

This diary is updated daily and new listings or amendments are marked '*'. All times are provisional and in GMT; +2 to get Greek time. _____________________________________________________________ DATE GMT/LOCAL INDICATOR PERIOD F/CAST PRIOR
Fri, 19 Mar 2010 11:43:00 GMT

German Government: IMF Help For Greece Not Ruled Out

Dow Jones Newswires   BERLIN -(Dow Jones)- The German government hasn't ruled out a response to Greece's debt problems that would include aid from the International Monetary Fund, a spokesman said Friday. Ulrich Wilhelm, Chancellor Angela Merkel's main
Fri, 19 Mar 2010 11:40:00 GMT

Germany says does not rule out IMF help for Greece

The German government does not rule out aid from the International Monetary Fund for Greece, a government spokesman said on Friday. He also said Greece had not yet asked for financial aid and so there had been no decision on help yet. 'The German
Fri, 19 Mar 2010 11:38:00 GMT

Germany: IMF help for Greece not ruled out

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Fri, 19 Mar 2010 11:33:00 GMT

DIARY - Greece to April 20, 2010

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Fri, 19 Mar 2010 11:33:00 GMT

Gloomy Greeks see crisis lasting more than 2 years

ATHENS (Reuters) - Most Greeks are pessimistic on the country's economic prospects and expect the crisis to last more than two years, an opinion poll showed on Friday. A survey by polling agency Metron Analysis for newspaper Eleftheros Typos, conducted
Fri, 19 Mar 2010 11:28:00 GMT

Blackouts and minor clashes in Greece

Police scuffled with demonstrators in Athens late Tuesday as the government faced fresh opposition to its austerity measures, despite signs that markets are beginning to respond positively to Greece's drastic cuts. Riot police fired stun grenades to
Fri, 19 Mar 2010 11:28:00 GMT

Explosion occurs at office of far-right group in Athens, Greek gov't condemns

An explosion occurred at the office of a far-right group named 'Golden Dawn' in the centre of Athens early on Friday morning. No injuries were reported, but only minor damages, as there had been a warning telephone call to a Greek newspaper a few minutes
Fri, 19 Mar 2010 11:25:00 GMT

Euro slumps against dollar on Greece concerns

LONDON (AFP) - The euro dived against the dollar on Friday as investors sought the safe-haven greenback amid uncertainty about international assistance for debt-plagued Greece. In morning London trade, the European single currency tumbled to 1.3579
Fri, 19 Mar 2010 11:25:00 GMT

Greece denies it will rely on support from IMF

The Greek Finance Ministry has denied reports that it will call on the support of the International Monetary Fund (IMF) to help reduce its debt. George Papaconstantinou, Greece’s finance minister, told Reuters that the story was “ridiculous�. “We
Fri, 19 Mar 2010 11:24:00 GMT

German Government: IMF Help For Greece Not Ruled Out

BERLIN -(Dow Jones)- The German government hasn't ruled out a response to Greece's debt problems that would include aid from the International Monetary Fund, a spokesman said Friday. Ulrich Wilhelm, Chancellor Angela Merkel's main spokesman, told
Fri, 19 Mar 2010 11:23:00 GMT

EU needs more specific conclusion on Greek aid

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Fri, 19 Mar 2010 11:23:00 GMT

'Greece should consider insolvency'

VIENNA: Greece should be prepared to declare itself insolvent if it cannot repay its debts, a director of the said in remarks published Friday, signalling a hard line against help for heavily indebted EU countries. Bundesbank board member Thilo Sarrazin
Fri, 19 Mar 2010 11:23:00 GMT

Barroso: E.U. Ready To Provide Greek Aid If Asked

LONDON -- Euro-zone countries, including Germany, are prepared to extend aid to Greece if asked, European Commission President Jose Manuel Barroso told a French radio channel in an interview to be broadcast Saturday, Dow Jones Newswires reported.
Fri, 19 Mar 2010 11:20:00 GMT

EU's Barroso: EU, Including Germany, Ready To Extend Aid To Greece

Dow Jones Newswires   PARIS -(Dow Jones)- Eurozone countries, including Germany, would be ready to extend aid to Greece if asked, European Commission President Jose Manuel Barroso said in an interview with French radio channel France 24 to be broadcast
Fri, 19 Mar 2010 11:19:00 GMT

Greeks gloomy, see crisis lasting more than 2 yrs - poll

How to save your taxes and manage your investments A survey by polling agency Metron Analysis for newspaper Eleftheros Typos, conducted nationwide from Feb 18 to March 9, showed that 66.5 percent of Greeks believe the country's fiscal crisis will last
Fri, 19 Mar 2010 11:19:00 GMT

EU chief calls for quick deal to help Greece

European Commission President Jose Manuel Barroso says the EU needs to agree as soon as possible on a mechanism to support Greece financially if needed. European Union leaders are meeting next week to discuss a rescue package to convince markets that
Fri, 19 Mar 2010 11:18:00 GMT

EU's Rehn urges EU leaders to agree on Greece plan

* Rehn calls for agreement on aid for Greece * Says Europe should take the lead in the crisis (Adds quotes) BRUSSELS, March 19 (Reuters) - The European Union's monetary affairs chief urged the bloc's leaders on Friday to agree on a clear standby aid
Fri, 19 Mar 2010 11:17:00 GMT