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Greece News
Greece, creditors end talks without fullGreece failed to finalize terms for a crucial euro130 billion ($173 billion) bailout Thursday, but Finance Minister Evangelos Venizelos headed to Brussels to meet top EU officials, hoping to rescue the agreement and stave off bankruptcy.
Posted on 9 February 2012 | 7:51 am
Greece bailout talks failATHENS, Greece — Greece failed to finalize terms for a crucial €130 billion bailout Thursday, but Finance Minister Evangelos Venizelos headed to Brussels to meet top EU officials, hoping to rescue the agreement and stave off bankruptcy.
Posted on 9 February 2012 | 7:04 am
Greece caves in on civil service firingsGreece caves in on civil service firings Associated Press Copyright 2012 Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed. Updated 10:55 a.m., Monday, February 6, 2012 ATHENS, Greece (AP) — Greece's coalition government on Monday caved in to demands to cut civil service jobs, announcing 15,000 positions would go this year, amid ...
Posted on 9 February 2012 | 12:53 am
Greece mulls harsh new cuts in bailout talksGreek coalition leaders were locked in crucial debt talks with the prime minister Wednesday to review layoffs and other steep cutbacks as part of a euro130 billion ($170 billion) bailout package intended ...
Posted on 8 February 2012 | 10:16 pm
Greece to Pledge 20% Cut in Minimum Wage,“To restore competitiveness and growth, we will accelerate implementation of deep structural reforms in the labor, product and service markets,” according to the letter of intent addressed to IMF Managing Director Christine Lagarde in a document obtained by Bloomberg News.
Posted on 8 February 2012 | 10:07 pm
Greece News
Greece, creditors end talks without fullGreece failed to finalize terms for a crucial euro130 billion ($173 billion) bailout Thursday, but Finance Minister Evangelos Venizelos headed to Brussels to meet top EU officials, hoping to rescue the agreement and stave off bankruptcy. The Athens talks ...
Posted on 9 February 2012 | 7:54 am
Asia Stocks, U.S. Futures Drop on Greece -European futures rose and the euro climbed toward a two-month high on speculation regional policy makers meeting today will approve a second financing accord for Greece. Chinese stocks dropped after inflation unexpectedly accelerated. Greek ...
Posted on 9 February 2012 | 7:39 am
Greece must find €300 million savingsATHENS (Reuters) - Greece has two weeks to identify fiscal savings worth 300 million euros ($398 million) under a new bailout deal with the European Union and IMF, a senior Greek government official said on Thursday. "Greece has another 15 days to specify ...
Posted on 9 February 2012 | 4:26 am
Greece Draft Cuts Minimum Wage 20% -Greece will pledge permanent spending cuts, including lower pension payments and a 20 percent reduction in the minimum wage, as the economy contracts this year at a faster pace than originally estimated, according to the draft of a new financing ...
Posted on 9 February 2012 | 12:30 am
Teetering Greece says debt deal pending -ATHENS, Greece, Feb. 8 (UPI) -- Greece struggled to retain credibility after missing a third debt-deal deadline but vowed an accord was near amid a European concession to cut Greece's debt. An agreement on a "final draft document" of new ...
Posted on 9 February 2012 | 12:23 am











