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Category Archives: Greece
Rioters clash with police at Athens rally as anger mounts over expected harsh austerity plan
ATHENS, Greece (AP) — Hundreds of youths rioted in Athens on Saturday, throwing Molotov cocktails and stones at police who responded with tear gas at a May Day rally against austerity measures being enacted by the cash-strapped government to secure foreign loans to stave off bankruptcy. Police made at least nine arrests, including six people [...]
Greece Agrees to New Austerity Moves
ATHENS—Greece has agreed with the International Monetary Fund and the European Union to take additional austerity measures expected to yield “around €23 billion” ($30 billion) as a precondition for financial assistance, a Greek official familiar with the talks on aid said. “We have basically agreed, and as it stands now announcements will come during the [...]
Posted in Bond Markets, Business, Greece, Solid Principles, Wall Street, Wall Street Journal
Tagged as: EU, European Central Bank, European Commission, Greece, Greek Debt Crisis, IMF
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EU Sees Wider Greek Deficit, Roiling Markets
Bonds Fall as Investors View Bailout and Default as Givens By CHARLES FORELLE BRUSSELS—New figures revealed that Greece’s debt crisis is even worse than investors believed, delivering a fresh shock to European markets and all but ensuring that the International Monetary Fund and euro-zone countries will have to step in within weeks to bail out [...]
Posted in Bond Markets, Business, Euro Zone, Greece, IMF, Solid Principles, Wall Street Journal
Tagged as: Athens, Bailouts, BNP Paribas, Euro Zone, European Commission, European Markets, Greece, Greek Debt, IMF, Investors, Moody's, Portugal, Spain, WSJ
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