Tag: Greece

• Wednesday, July 11th 2012 - 22:16 UTC

  Germany expected to grow 1.9% in 2013 because of Euro crisis

  

  Germany's DIW economic research institute slashed its 2013 forecast for Europe's largest economy by 0.5 percentage points to 1.9% on Wednesday, saying the Euro zone debt crisis would have a bigger impact than it had originally expected.

• Wednesday, July 11th 2012 - 03:03 UTC

  Roubini says ‘perfect storm’ is closer; forecasts Finland will leave the Euro before Greece

  

  Nouriel Roubini, or “Mr. Doom” who predicted earlier this year that a “perfect storm” scenario would play out in the global economy, has now said that his prediction is coming true, pointing to slow growth currently hitting the United States, Europe and China.

• Wednesday, June 27th 2012 - 20:36 UTC

  The man who steered Greece into the Euro zone is back on the helm

  

  The Greek government has appointed a new finance minister after its first choice resigned due to ill health less than a week after being appointed. Economist Yannis Stournaras has now been appointed, the government said.

• Monday, June 25th 2012 - 19:53 UTC

  Germany’s leading minister claims “Greece has forfeited Europe’s trust”

  

  Greece's new government should stop asking for more help and instead move quickly to enact reform measures agreed to in return for previous bailouts from its European partners, German Finance Minister Wolfgang Schaeuble said.

• Monday, June 18th 2012 - 03:24 UTC

  Brussels willing to soften austerity measures for the Greek pro-bail out government

  

  European governments signaled a willingness to relent on Greece’s austerity measures as leaders turn from an election victory by Greek bailout proponents to focus on safeguarding the other 98% of the Euro economy

• Friday, June 15th 2012 - 19:20 UTC

  Modest gains in world markets waiting for the Greece’s Sunday election

  

  US stock were modestly higher as optimism over a possible coordinated action by major world central banks if Sunday's Greek election causes financial turmoil was tempered by a weak reading on domestic manufacturing.

• Saturday, June 2nd 2012 - 03:22 UTC

  Argentine experts on alert in Athens to help with bail-out if Greece exits the Euro

  

  American International Group Inc (AIG) has assigned staff from Argentina to advise their counterparts in Athens as the bailed-out insurer prepares for a possible Greek exit from the Euro.

• Wednesday, May 23rd 2012 - 18:38 UTC

  Euro-zone tells members to prepare contingency plans for a possible Greek exit

  

  Euro zone officials have told members of the currency area to prepare contingency plans in case Greece quits the bloc, an eventuality which Germany's central bank said would be testing but “manageable”.

• Tuesday, May 15th 2012 - 16:08 UTC

  Greek exit from the Euro could cost French taxpayers 66.4bn Euros, says report

  

  An exit of Greece from the Euro zone could cost the French taxpayer up to 66.4 billion Euros and saddle the country's banking system with 20 billion Euros in lost loans, according to a study published on Tuesday.

• Thursday, May 10th 2012 - 19:29 UTC

  The Olympic torch with the blessing from Apolo is en route to London

  

  The flame that will burn during the London Games was lit on Thursday at the birthplace of the ancient Olympics on Thursday, heralding the start of a torch relay that will culminate with the opening ceremony on July 27.