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18 Mar 2010:
Oil falls as $US strengthens, crude stockpiles rise - Sydney Morning Herald
Oil falls as $US strengthens, crude stockpiles rise Sydney Morning Herald Greek Prime Minister George Papandreou set a one-week deadline for the EU to craft a financial aid mechanism. Greece needs to raise about 10 billion euros ......
Oil falls as $US strengthens, crude stockpiles rise - Brisbane Times
Oil falls as $US strengthens, crude stockpiles rise Brisbane Times Greek Prime Minister George Papandreou set a one-week deadline for the EU to craft a financial aid mechanism. Greece needs to raise about 10 billion euros ......
Europeans debate exiting or expulsion from euro as fiscal crisis continues - Metro Canada - Vancouver
Europeans debate exiting or expulsion from euro as fiscal crisis continues Metro Canada - Vancouver Nikos Kastriotis, a shop owner in Athens, said he would be delighted with the return of the drachma, which was the standard silver coin of Greek antiquity. ......
Renewed Greek debt fears stalk markets, euro - eTaiwan News
Renewed Greek debt fears stalk markets, euro eTaiwan News AP World stock markets mostly fell Thursday as concerns about Greece's debt crisis resurfaced amid mounting evidence that the country's ... and more »...
Europeans debate exiting or expulsion from euro as fiscal crisis continues - Pictou Country Nova Scotia News
Europeans debate exiting or expulsion from euro as fiscal crisis continues Pictou Country Nova Scotia News Nikos Kastriotis, a shop owner in Athens, said he would be delighted with the return of the drachma, which was the standard silver coin of Greek antiquity. ......
Europeans debate exiting or expulsion from euro as fiscal crisis continues - The Amherst Daily News
Europeans debate exiting or expulsion from euro as fiscal crisis continues The Amherst Daily News Nikos Kastriotis, a shop owner in Athens, said he would be delighted with the return of the drachma, which was the standard silver coin of Greek antiquity. ......
Europeans debate exiting or expulsion from euro as fiscal crisis continues - Metro Canada - Toronto
Europeans debate exiting or expulsion from euro as fiscal crisis continues Metro Canada - Toronto Nikos Kastriotis, a shop owner in Athens, said he would be delighted with the return of the drachma, which was the standard silver coin of Greek antiquity. ......
World markets weigh upbeat US data, Greek worries - KWQC 6
World markets weigh upbeat US data, Greek worries KWQC 6 Investor sentiment remained fragile, however, as political indecision and wrangling in Europe clouded the outlook for a resolution to Greece's debt crisis. ... and more »...
Merkel keeps focus on euro stability - Financial Times
Merkel keeps focus on euro stability Financial Times Whenever Angela Merkel talks about the current crisis in the eurozone, and the specific debt problems of the Greek government that ... and more »...
Kiwi dollar at two- year high against euro - New Zealand Herald
Kiwi dollar at two- year high against euro New Zealand Herald The latest indication of Greek problems came in a report in which an unidentified Greek official said Greece was increasingly pessimistic about the prospect ......
Euro Holds Steady but Renewed Greek Woes Weigh - FLEXNEWS
Euro Holds Steady but Renewed Greek Woes Weigh FLEXNEWS Tokyo, March 19 - The euro stabilised but remained under pressure on Friday after Greece said it could not achieve promised deficit cuts if its borrowing ... and more »...
ECB Draghi: Need Stronger EMU Rules, More Cooperation - Market News International
ECB Draghi: Need Stronger EMU Rules, More Cooperation Market News International It is too early to say what they should look like, but the Greek crisis has shown that we must make our system more robust," Draghi said. ... and more »...
Asia stocks head for 6th week of gains - KUAR
Asia stocks head for 6th week of gains KUAR The Greek finance ministry denied a media report on Thursday that said the heavily indebted country was planning on going to the International Monetary Fund ......
TSX, loonie retreat as commodity prices fall - Vancouver Sun
TSX, loonie retreat as commodity prices fall Vancouver Sun The Greek prime minister said if there was no EU bailout plan forthcoming within a week he might just do that. Energy prices also fell on reports that ......
TSX takes first tumble in two days - The Province
TSX takes first tumble in two days The Province Greek Prime Minister, George Papandreou said if there was no EU bailout plan forthcoming within a week he might just do that. Concern over Greece's debt ......
Asia stocks head for 6th week of gains - Washington Post
Asia stocks head for 6th week of gains Washington Post The Greek finance ministry denied a media report on Thursday that said the heavily indebted country was planning on going to the International Monetary Fund ......
Copper slides on dollar strength - Maktoob Business
Copper slides on dollar strength Maktoob Business "Those Greek issues are not going to go away any time soon," said Charles Kernot, an analyst at Evolution Securities. "It creates uncertainty for the euro, ... and more »...
World stocks dip on Greek worries - Maktoob Business
World stocks dip on Greek worries Maktoob Business NEW YORK - World stocks dropped on Thursday and the euro weakened against the US dollar on renewed worries about Greece , which said it may ......
Asia stocks head for 6th week of gains - The Edge Malaysia
Asia stocks head for 6th week of gains The Edge Malaysia The Greek finance ministry denied a media report on Thursday that said the heavily indebted country was planning on going to the International Monetary Fund ......
Oil extends losses below $82 on firm dollar, Greek woes - Channel Africa
Oil extends losses below $82 on firm dollar, Greek woes Channel Africa Oil fell below $82 a barrel on Friday, extending the previous day's losses, as the US dollar held onto gains against the euro amid worries over Greece's ......
ERT Online News
18 Mar 2010:
Night Shifts in Hospitals Won’t Be Trimmed
Hospital doctors decided to withhold their labour as of coming Monday until unpaid overtime is finally paid. In their meeting with Health Minister Mariliza Xenogiannakopoulou, they demanded real hirings, as well as they be included in the arduous and hazardous occupations. The Health Minister, on the other hand, reiterated that the hiring process is getting sped up, while night shifts and overtime won't be trimmed.
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Trade Mobilizations Continue
The Federation of Gas Station owners is staging a 24-hour strike on Thursday, however, the Pan-hellenic Fuel Merchants Federation is not participating in the strike. Gas stations in Thessaloniki, Crete, Mitilini, Grevena, Arkadia and Messinia are open while gas station owners in the Ebros prefecture have announced blockade of Ebros border crossing till 13:00, on Thursday. After their meetings, gas station owners trade unions, stressed they did not refuse to install cash registersas provided by new taxation draft-bill and would decided on further mobilizations after a meeting on Sunday. the Federation did not rule out continuation of mobilizations during Easter.
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Barroso Offers His Backing to Greek Government
European Commission head Jose Manuel Barroso offered his backing to the Greek government's efforts, following his meeting with the Greek Prime Minister Giorgos Papandreou.
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Samaras Travels to Brussels Anew
Greek opposition leader Antonis Samaras is due to visit Brussels anew in the coming week to unveil his proposals at the Congress of the European People's Party, as requested by German Chancellor Angela Merkel. In the meantime, the letters sent by former Finance Minister Giorgos Alogoskoufis to ND head Antonis Samaras and his predecessor and former Prime Minister Kostas Samaras have caused sensation. In his letters, Alogoskoufis claimed that ND officials did not offer their backing to his work.
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Strong Dispute over Draft-bill for Selection of Public Sector Supervisors
Parliament debate on draft-bill providing for requirements for the selection of supervisors in the public sector sparked strong dispute between the government and the opposition ND party. The ND walked out of the debate while its Parliamentary spokesman Konstantinos Tzavaras spoke of a draft-bill included in the framework of a miserable partisan system that PASOK is trying to establish. Responding, Interior Minister Yiannis Ragusis described accusations unacceptable, adding that the draft-bill is a historical decision and decisive step for the modernization of Public Administration.
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Papandreou-Barroso Crucial Meeting
Prime-minister G. Papandreou , who on Tuesday left open possibility to refer to IMF unless EU support is specified, is having a crucial meeting with European Commission President on Wednesday afternoon. Discussion on support to Greece's economy was referred to the EU Summit Meeting on March, 25 after Germany's refusal despite recognizing that Greece has taken the necessary measures. ND party leader Antonis Samaras, who met with euro region Finance Ministers in Brussels, expressed his objection to possibility of Greece's recourse to IMF. A significant development , however, is Standard & Poor's announcement taking Greece off its "negative credit watch," lowering the threat of a downgrade. But it has not ruled out need for additional measures.
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Strike Wave Grips Greece
An ongoing strike wave has gripped Greece, since employees are escalating their reactions to the new financial and pension measures taken by the government.
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Employment Min.- GENOP-DEH Board Meeting
Public Power Corporation (DEH) employees, who are staging a 48-hour strike since yesterday, have occupied the company's headquarters in Halkokondili St. Rotating power cuts are likely to continue on Wednesday to cope with demand. GENOP-DEH board is having a meeting with Employment Minister A. Loberdos. There will follow a meeting of GENOP administration board to decide on whether mobilizations will continue or not.
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Measures Unfair but Necessary
A recent survey indicates that the majority of Greek people considers that implementation of the government's measures, despite being unjust and of dubious effectiveness, is the only option to exit the country from the economic crisis. The opinion poll also shows PASOK in the lead in intention of voting.
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DEH Starts Mobilizations on Monday
Public Power Corporation ( DEH) has announced escalation of industrial mobilizations as of Monday within framework of reactions against reforms in social security system and reduction in salaries. Strike mobilizations may cause disruptions in power supply.
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18 Mar 2010:
CURRENCIES: Dollar Up As Greece, Fed Activity In Spotlight
The dollar rose by the most in a month on Thursday amid signs of increasing tensions within Europe over an aid plan for the debt-strapped Greek government. The dollar also received support from some discussion in the market about the possibility that...
Germany hardens against Greek bailout
Germany hardened its stance against a European bailout of Greece last night by effectively calling the bluff of its Prime Minister after he suggested that Athens could seek emergency cash from the International Monetary Fund. With German public opinion...
Spring has sprung: Britain basks in hottest day of year so far with temperatures higher than Greece
The Met Office says the time to pack away our winter woollies has come, with the mild weather here to stay. However, we will be getting our April showers early, with unsettled weather forecast for the weekend....
Greece urges EU aid, but Germany 'open' to IMF appeal
BRUSSELS (AFP) - Greece warned on Thursday it could call on the IMF for help unless European leaders offered financial aid next week, with Germany now appearing "open" to the idea as the Greek debt crisis hit the euro. After Greek Prime Minister George...
Foreign exchange: Dollar rises on concern over Greek debt
The dollar rose against the euro and the pound Thursday following economic reports from the government and amid renewed concern over Greece's debt. What prices are doing: The dollar climbed 0.9% versus the euro to $1.3621 and rose 0.3% against the...
Gold Steadies as Traders Digest Greece's Troubles
Gold steadied in choppy trade on Thursday as recurring fears over the outlook for debt-laden Greece sparked some safe-haven buying of the metal, but also knocked the euro nearly 1 percent lower versus the dollar. A media report earlier said Greece was...
CORRECTED-European shares end lower; Greece's NBG slips
LONDON, March 18 (Reuters) - European shares fell on Thursday, led lower by the banking sector, with Greece's largest lender National Bank (NBG) slipping 6 percent before a post-market results statement. The pan-European FTSEurofirst 300 index of top...
European shares end lower; Greece's NBG slips
LONDON (Reuters) - European shares fell on Thursday, led lower by the banking sector, with Greece's largest lender National Bank (NBG) slipping 6 percent before a post-market results statement. The pan-European FTSEurofirst 300 index of top shares...
Euro drops on Greece fears; Swiss franc rises on SNB
* Swiss franc hits 17-month high vs euro on SNB comments (Updates prices, adds Swiss franc moves, changes byline) NEW YORK, March 18 (Reuters) - The euro fell against the dollar on Thursday on persistent worries over Greece's debt problems after a report...
World stocks, euro dip on renewed Greek worries
World stocks dropped on Thursday and the euro weakened against the U.S. dollar on renewed worries about Greece, which said it may be unable to solve its fiscal problems if borrowing costs stay high. Adding to the moves in currencies, traders linked the...
European stocks wobble on Greek debt fears
LONDON: European stock markets wobbled Thursday on investor unease over ineffectual EU efforts to resolve a debt crisis gripping Greece.European markets lost ground "as investors continued to fret over Greece's sovereign debt problems," said City Index...
Toronto stock market moves lower on Greek debt worries, lower commodities
TORONTO - A continuing Greek debt crisis helped push the Toronto stock market lower Thursday afternoon, with commodity stocks dampened by worries an already shaky global economic recovery could have the wind knocked out of it should EU bailout efforts...
Euro falls as Greece warns it could seek IMF help
The euro tumbled again today after , George Papandreou, warned that Greece might have to seek help from the (IMF). The currency fell to 1.3648 dollars, before recovering to 1.3692 dollars, however it was still down from 1.3735 dollars late in New York...
City roads to close for Greek parade
Having just recovered from a green spell, Baltimore is about to turn blue and white.The city Transportation Department will close two important streets in East Baltimore Sunday to make way for the Greek Independence Day Parade. Eastern Avenue will be......
Germany Backtracks on European Rescue for Greece
The onus for resolving Greece’s financial crisis appeared to move closer to the on Thursday, as Berlin distanced itself from any bilateral or European support for the Greek government, The New York Times?s Matthew Saltmarsh reports. Given the legal...
Greece may look to IMF for bailout
Greek Prime Minister George Papandreou said Thursday that his country may ask the IMF for a bailout, a move which Germany would support. Analysts, however, think Athens is simply trying to provoke a concrete EU aid plan. Germany would back a bailout from...
Gold Futures Rise As Greek Tensions Resurface
NEW YORK (MarketWatch) -- Gold futures finished slightly higher on Thursday, with renewed uncertainty over aid to Greece leading some to seek the precious metal's safe haven. The resulting slump in the euro gave strength to the dollar, however, and...
Greek Pm Seeks Eu Aid Mechanism, Challenging Merkel
Greek Prime Minister George Papandreou set a one-week deadline for the European Union to craft a financial aid mechanism for Greece, challenging Germany to give up its doubts about a rescue package. ......
ANALYSIS - EU faces high-stakes ultimatum on aid for Greece
Greece has made what amounts to an ultimatum to the European Union to come up with a clear offer of standby loans next week or face the embarrassment of Athens asking the International Monetary Fund for help. Greece has long held out the prospect of...
FOREX-Euro holds steady but renewed Greek woes weigh
* Eur/dlr under pressure but support likely near $1.3500 * Euro around 17-mth low vs Swiss franc after SNB comments * Dollar/yen sell orders likely lie at upper end of Y90 TOKYO, March 19 (Reuters) - The euro stabilised but remained under pressure on...
Greece haunts Europe
European stock markets wobbled on Thursday on investor unease over ineffectual EU efforts to resolve a debt crisis gripping Greece. European markets lost ground "as investors continued to fret over Greece's sovereign debt problems," said City Index...
The euro dynamics turned out to be negative again due to the speculations, that a number of Euro-zone countries would not help Greece
Euro: Investors were acquiring low-risk currencies on Monday, since the new wave of speculations regarding the Greece help issue pressured the euro. Some of the Financial Ministers of Europe excluded the possibility to render support to Greece, which was...
Dollar rebounds amid renewing Greece debt concerns
The dollar rebounded against major currencies on Thursday as renewing concerns over Greece's debt crisis boosted safety-haven demand for the greenback. Greece warned Thursday that it would be forced to ask the International Monetary Fund (IMF) for help...
Markets spooked as Greek rescue plan crumbles
Europe’s rescue plan for Greece appears to be crumbling after the country threatened to call in the International Monetary Fund unless Brussels comes up with real money on acceptable terms within a week. The inability of the eurozone to put together a...
Greece ups stakes in quest for EU help
Greece raised the stakes on Thursday in its quest for EU help to tackle its debt crisis, saying it cannot achieve promised deficit cuts if its borrowing costs remain so high and may have to call in the IMF. But Athens dismissed a report that it was...
Greece seeks no aid, can make it on its own - PM
Greek Prime Minister George Papandreou told his cabinet on Thursday the country was not asking for financial aid from the European Union or the IMF and would aim to escape its debt crisis on its own. EU negotiations to provide a concrete support...
EU faces high-stakes ultimatum on aid for Greece
Greece has made what amounts to an ultimatum to the European Union to come up with a clear offer of standby loans next week or face the embarrassment of Athens asking the International Monetary Fund for help. Greece has long held out the prospect of...
Greece not requested aid - IMF spokeswoman
The International Monetary Fund repeated on Thursday that debt-burdened Greece has not requested financial assistance from the IMF, which stands ready to help if needed. 'We haven't received any request for financial assistance. We expect the euro zone...
Q+A-Greece and the EU face off over financial assistance
The European Union and Greece have been discussing how to resolve Athens' debt crisis for several months, with the possibility of euro zone countries providing a safety net. Following are some questions and answers exploring the discussions that have...
Greek PM wants European help rather than IMF aid
Greece prefers a solution to its debt problems that does not involve turning to the International Monetary Fund for financial aid, Prime Minister George Papandreou said on Thursday. He told a committee in the European Parliament that Greece would not...
Euro markets wobble over Greece crisis
Tags: stock market, Greece, economic recovery, economic crisis NEW YORK - Stocks are trading in a narrow range on Thursday after a fresh batch of economic reports showed the economy continues to slowly regain its strength. The slightly positive reports...
Video: AFM soldiers involved in incident in Greece
by MaltaMedia News -20 December 2008 by MaltaMedia News -24 October 2008 by MaltaMedia News -19 August 2009...
USD Gains on Greece Flare Up 18-3-2010
forex greece official greece official » forex USD Gains on Greece Flare Up U.S.Dollar Trading (USD) was strong across the board on the weak Euro news and US discount rate hike rumor.Weekly Jobless Claims improved to 457k vs.462k previously and US CPI...
Euro sinks against dollar on lingering doubt over Greece
LONDON/TOKYO -- The euro sank against the dollar on Thursday on stubborn worries over the Greek debt crisis after the nation warned again that it could appeal for aid to the International Monetary Fund. In early morning trade, the European single...
Asian markets mixed as Greece uncertainty weighs
Asian stock markets turned in a mixed performance Friday, fluctuating as uncertainty over debt-laden Greece weighed on investors. A number of markets were little changed, while oil prices slipped below $82 a barrel and the dollar gained against the yen...
European Markets Fall On Greek Worries - European Commentary
(RTTNews) - The European markets fell on Thursday, as growing uncertainty about a rescue plan for debt-stricken Greece hit investor sentiment. Greek Prime Minister George Papandreou has said he may turn to the International Monetary Fund to overcome...
Aust dollar flat on Greek concerns
The Australian dollar was flat at noon, as a lack of economic leads left investors to ponder Greece's ongoing debt crisis. At 1200 AEDT, the Australian dollar was trading at $US0.9203-05, flat on Thursday's close of $US0.9202/05. Since 0700 AEDT, the...
CANADA STOCKS-TSX falls as China Greece fears rattle market
economy barrick gold corp barrick gold corp » economy By Claire Sibonney TORONTO, March 18 - Toronto's main stock market index closed moderately lower on Thursday as concerns about tighter credit in China and doubts about an aid plan for debt-stricken...
Greece Plays IMF Card in High-Stakes Showdown
Updated: 3 hours 32 minutes ago Print Text Size E-mail More Anthee Carassava Contributor AOL News ATHENS, Greece (March 18) -- George Papandreou hates poker. But for the past month or so, the bewildered Greek leader has been trying to make the most of a...
Powers split on Greece debt
Europe's wounded pride flared up again as leaders in the eurozone remained split on whether to bail out Greece's debt crisis themselves or let the International Monetary Fund handle the job. As strikes and protests raged on in Athens yesterday, German...
Greece to call on IMF if EU does not help
y James Neuger and Jonathan Stearns Athens Greek Prime Minister George Papandreou yesterday set a one-week deadline for the EU to craft a financial aid mechanism for Greece, challenging Germany to give up its doubts about a rescue package. Papandreou...
Gold flat as traders digest Greece woes
LONDON: Gold steadied in choppy trade on Thursday as recurring fears over the outlook for debt-laden Greece sparked some safe-haven buying of the metal, but also knocked the euro nearly 1 per cent lower versus the dollar. A media report earlier said...
Greece ups stakes for EU help on debt
BRUSSELS/ATHENS: Greece raised the stakes yesterday in its quest for EU help to tackle its debt crisis, saying it cannot achieve promised deficit cuts if its borrowing costs remain so high and may have to call in the IMF. But Athens dismissed a report...
Greece might resort to IMF
Greek PM George Papandreou has warned Greece may be forced to resort to IMF aid and rejected a German call to expel eurozone nations in breach of fiscal rules. 'This is where Europe must come in and say 'OK in this case we either can provide what an IMF...
Dollar flat on Greek bailout concerns
THE dollar was flat at noon, as a lack of economic leads left investors to ponder Greece's ongoing debt crisis. At 12:00 (AEDT), the dollar was trading at $US0.9203-05, flat on yesterday's close of $US0.9202/05. Since 07:00 AEDT, the local unit moved...
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