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Tag Archives: Greek Debt Crisis
Greek strikers march on parliament against cuts
ATHENS, May 20 (Reuters) – Thousands of striking Greeks marched on parliament on Thursday, in a test of the government’s resolve to implement tough austerity measures demanded by the EU and IMF to drag Greece out of its debt crisis. The strength of the march will indicate whether anger against the government’s wage cuts, tax [...]
Posted in Bond Markets, Business, Greece, Solid Principles
Tagged as: EU, Greece, Greek Debt Crisis, IMF, Reuters
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European Markets Surge
By: ISHAQ SIDDIQI European stock markets pushed sharply higher Monday, while sovereign debt markets slumped, as market participants reacted to news of a hefty €750 billion ($955 billion) rescue package to stabilize the euro and prevent the Greek debt crisis from affecting other member countries. The Stoxx Europe 600 index jumped 5.9% to 251.09. London’s [...]
Five Greek Myths, 2010 Version
By David Wessel Economist Carmen Reinhart of the University of Maryland is enjoying more celebrity than usually accrues to scholarly geeks thanks to a well-timed book, “This Time Is Different: Eight Centuries of Financial Folly,” co-authored with Harvard’s Kenneth Rogoff. In an op ed essay in Sunday’s Washington Post, Carmen Reinhart and her husband, Vincent, [...]
Posted in Bond Markets, Greece, Solid Principles
Tagged as: Euro, Euro Zone, Federal Reserve, Fiscal Discipline, Greece, Greek Debt Crisis, Kenneth Rogoff, WSJ
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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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