Tag: Lucas Papademos

• Thursday, February 9th 2012 - 20:30 UTC

  Euro zone rate left unchanged; all eyes set on how to save Greece from default

  

  The European Central Bank kept interest rates on hold on Thursday and altered its assessment of risks to the economic outlook as investors focus on the ECB possible role in helping Greece avoid default.

• Monday, February 6th 2012 - 06:46 UTC

  A majority of Germans feel Euro block would be better off without Greece

  

  The majority of Germans feel the Euro currency bloc would be better off if debt-crippled Greece left it, a poll published in mass-selling newspaper Bild am Sonntag showed.

• Wednesday, January 4th 2012 - 05:27 UTC

  Greece admits it is closer to be forced out of the Euro zone

  

  Greece faces an exit from Europe's common currency block unless it clinches a deal on a second 130 billion Euro bailout with its international lenders, a government spokesman said on Tuesday.

• Monday, November 21st 2011 - 03:59 UTC

  Greek conservatives support austerity measures but refuse to sign document

  

  Greece's creditors failed to persuade the leader of the main conservative party to drop his refusal to sign a pledge that he will back austerity measures under a bailout deal aimed at saving the country from financial ruin.

• Saturday, November 19th 2011 - 05:44 UTC

  Greece submits austerity budget, but political differences surface in coalition

  

  Greece's new government took a first step on Friday towards meeting terms of an international bailout needed to avoid bankruptcy, submitting a budget bill that foresees no new austerity measures next year as long as reforms are enacted.

• Tuesday, November 15th 2011 - 21:59 UTC

  Greece and banks begin discussing bonds’ 50% haircut and swap

  

  Greece and private bondholders begun working on a deal to halve its public debt, a key pillar of a bailout plan to save the country from bankruptcy and ejection from the euro zone, sources said.

• Tuesday, November 15th 2011 - 06:40 UTC

  Greek ‘technocrat’ PM faces confidence motion Wednesday

  

  Greek Prime Minister Lucas Papademos said on Monday the policies tied to Athens' international bailout had worsened a recession and pushed unemployment higher, but the problem could be mitigated with reforms.

• Friday, November 11th 2011 - 08:09 UTC

  Greece gets a former ECB banker as PM to implement the Euro rescue package

  

  Greece named banker Lucas Papademos as head of a new crisis government on Thursday, ending the country's chaotic search for a leader to save it from default, bankruptcy and expulsion from the Euro zone.