Tag: George Papandreou

• Saturday, November 5th 2011 - 07:55 UTC

  Greek PM wins vote of confidence and calls for national unity government

  

  Greek Prime Minister George Papandreou survived a vote of confidence in parliament on Friday evening, while indicating that he might be prepared to stand down. Results showed there were 153 votes in favor of Papandreou, with 145 against.

• Friday, November 4th 2011 - 08:24 UTC

  Papandreou yields, scraps referendum, promises to step down

  

  Intense European pressure forced debt-stricken Greece to seek political consensus on a new bailout plan instead of holding a referendum after EU leaders raised the prospect of a Greek exit from the Euro to preserve the single currency.

• Friday, November 4th 2011 - 00:14 UTC

  If Greece leaves the Euro, it must also quit the EU, warns Brussels

  

  If Greece decided to leave the Euro, it would also have to quit the European Union, according to the terms of the EU treaties, the European Commission said on Thursday.

• Thursday, November 3rd 2011 - 07:45 UTC

  Sarkozy tells the Greeks: shape up or ship out from the Euro zone

  

  Greece will receive no more European bailout aid until it has put an end to uncertainty and agreed to meet its commitments to the Euro zone, the leaders of France and Germany said on Wednesday.

• Wednesday, November 2nd 2011 - 20:35 UTC

  Germany/France lashes out at Papandreou and establish mid-December deadline

  

  Germany and France told Greece on Wednesday it should make up its mind by mid-December whether it wants to stay in the Euro zone when Greeks vote on a 130-billion-Euro bailout.

• Tuesday, November 1st 2011 - 20:52 UTC

  Merkel and Sarkozy determined to implement EU bailout plan for Greece

  

  Germany's Angela Merkel and France's Nicolas Sarkozy are “determined” to implement the EU bailout plan for Greece. That was the outcome of an emergency phone call between the two chiefs of state ahead of a G20 summit Wednesday.

• Wednesday, September 28th 2011 - 01:17 UTC

  Germany promises help to rebuild confidence in debt-stricken Greece

  

  Germany will do all it can to rebuild confidence in debt-stricken Greece as it implements reforms to meet the conditions of its international bailout package, Chancellor Angela Merkel said on Tuesday.

• Monday, September 19th 2011 - 16:31 UTC

  IMF/EU/ECB tell Greece to shrink public sector, otherwise expect no check

  

  International lenders told Greece it must shrink its public sector and improve tax collection to avoid default within weeks as investors spooked by political setbacks in Europe dumped risky Euro zone assets.

• Monday, September 19th 2011 - 06:31 UTC

  Greece hangs from the cliff while EU leaders can’t agree on rescue or default

  

  Greece’s ability to avoid default hangs in the balance this week as international monitors get set to assess whether Prime Minister George Papandreou can meet the conditions of rescue loans.

• Tuesday, July 12th 2011 - 07:01 UTC

  EU digs in to defend Euro: lower costs of aid packages and beefs up stability fund

  

  European Union finance ministers pledged to beef up a rescue package for troubled economies such as Greece as they went to battle to contain debt crisis contagion threatening to engulf Silvio Berlusconi’s Italy and Socialist Spain.