Greece

Hollande Says Greece Must Stay in Euro Zone

Hollande Says Greece Must Stay in Euro Zone

David Pearson, Wall Street Journal

25 August 2012

PARIS—French President François Hollande said Greece "must remain part of the euro zone" as the economically troubled country struggles to get its finances back in order, but said Greece must demonstrate that its recovery program is "credible".

Angela Merkel Backs Samaras On Greece’s Euro-Zone Future

Angela Merkel Backs Samaras On Greece’s Euro-Zone Future

Tony Czuczka and Maria Petrakis,

Bloomberg

24 August 2012

Chancellor Angela Merkel said that Germany will stand behind the Greek government as it struggles to overhaul the economy, rebuffing European critics who advocate Greece’s exit from the euro.

Greek Shortfall Growing Ever Larger

Greek Shortfall Growing Ever Larger

Der Spiegel

20 August 2012

The Greek prime minister has spent weeks searching for ways to come up with 11.5 billion euros to satisfy international conditions for emergency aid. Now, though, SPIEGEL has learned that the shortfall may be as much as 14 billion euros. German politicians are becoming increasingly exasperated.

Greece, Cyprus, Israel to talk gas

Greece, Cyprus, Israel to talk gas

Kathimerini, 14 August 2012

A meeting between officials of Greece, Cyprus and Israel is being lined up for September so the three countries can agree on transporting natural gas from the Southeastern Mediterranean to the European market.

Wave of Suicides Shocks Greece

Wave of Suicides Shocks Greece

Der Spiegel

15 August 2012

Greece has always had one of the lowest suicide rates in Europe, but its economic crisis has triggered a disturbing increase in the number of people killing themselves. Are the deaths the result of personal desperation or are people making a political statement with the only thing they have left to sacrifice?

Greece Completes Largest Debt Sale in Two Years

Greece Completes Largest Debt Sale in Two Years

Wall Street Journal

14 August 2012

Greece completed its largest debt sale in two years Tuesday, ensuring that it will have the money to repay bonds held by the European Central Bank next week.

The Greek Public Debt Management Agency said it sold €4.063 billion ($5.01 billion) of 13-week treasury bills at an auction, which included a 30% noncompetitive tranche. The uniform yield was 4.43%.

Syndicate content