...guarantee unilaterally, New Democracy could not be supportive. Lenders would tell Greece to "take a hike" if a Greek government were to announce it was reneging on the deal, he said.The other possibility, though it seems remote, is for Germany...
...ready in time for the next installment of the existing bailout in September.Weeks of back and forth between the Greek government and the country's international creditors culminated in the Greek parliament reluctantly passing new austerity...
...how to solve Europe's debt problems will likely last into the new year.Concerns about a messy default by the Greek government have been the main cause behind many of the stock market's big swings lately. The fear is that a default would...
...will take a 50 percent loss on their holdings of Greek government bonds. The banks will also put more money aside...means. Q: What was the original problem?A: The Greek government spent too much, didn't collect enough in taxes...
...Citi's stock has plummeted 28 percent in six months because of concerns about the losses Citi would suffer if the Greek government couldn't pay its debts and the European debt crisis became a global financial panic.The bank's results included...
...weeks and could toughen its stance even further to include international meets like the European Championships if the Greek government fails to respond.The federation "calls on the sporting leadership ? to intervene and avert the economic dead-end...
...new currency worth far less. Owners of Greek stocks would sell for the same reason. Banks would collapse.The Greek government would still owe $428 billion, mainly to the other eurozone countries that rescued it, the International Monetary...
...countries which, like Greece, use the euro as a common currency, and an additional $13.4 billion from the IMF.The Greek government has already agreed to put in place painful austerity measures to trim government spending and public pensions, but...
...to defend their single currency and the stability of the eurozone, the area of 16 EU nations that use the euro.Greek government spokesman George Petalotis called Barroso's appeal a "positive development."Georgia banks among 7 seized by...
...stable euro," Meister told Financial Times Deutschland. He added that any aid would come with the demand that the Greek government make radical spending cuts and economic reforms to get its house in order -- some of which Athens is already planning...
The Augusta Chronicle ©2011. All Rights Reserved.