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The Fitch rating agency downgraded Greek long-term debt ratings on Tuesday, saying the outlook for Greek public finances was negative, marking the second such rating blow for Greece in two days.
Continuing worries over Greece's high public debt levels cause Greek shares to fall 6% as the country's credit rating is cut.
Dec. 8 (Bloomberg) -- Greece blocked a proposal to set a date for the Republic of Macedonia to start talks to join the European Union, saying the country’s name implies a territorial claim on a Greek province of the same name.
The Fitch rating agency has downgraded Greece's long-term debt ratings, saying the outlook for Greek public finances was negative. This marks the second such rating blow for Greece in two days.
BONN, Dec 8 (Reuters) - Greece needs to get serious about its deficit problems, Swedish Finance Minister Anders Borg said, after rating agency Fitch downgraded Greek debt to BBB+ on Tuesday. "They (Greece) need to get serious about their fiscal situation. You can't run a 10 or 12 pct deficit," Borg, whose country holds the rotating EU presidency, told reporters on the sidelines of an event in ...
ATHENS, Greece, Dec. 7 (UPI) -- Greek police and rioters clashed Monday near the University of Athens' administration building ahead of a scheduled protest rally, witnesses said.
Dec 8 (Reuters) - Fitch Ratings cut Greece's debt to BBB+ on Tuesday with a negative outlook, the first time in 10 years a major ratings agency has put Greece below an A grade, citing fiscal deterioration in the euro zone's weakest member. The move adds to a set of bad news for the Greek economy, which has fallen into its first recession in 16 years.
Greece was hit by a second blow to its credit rating on Tuesday, marking falling confidence in its economic policy, raising the prospect of crisis budget measures and increasing strains in the eurozone.
ATHENS, Dec 8 (Reuters) - Here are news stories, press reports and events which may affect Greek financial markets on Tuesday: S&P WARNS GREECE, PORTUGAL OVER FISCAL WOES Standard & Poor's put Greece on negative credit watch and cut Portugal's outlook on Monday, saying deteriorating public finances in the two euro zone periphery countries raised concern about their debt burdens.
Athens and other cities across Greece are not defenseless, said government spokesman George Petalotis on Monday, as Greek police overpowered anarchists on the first anniversary of the fatal shooting of a 15-year-old boy. "Thousands of citizens took part in peaceful demonstrations, which we welcome, honoring the memory of Alexandros Grigoropoulos," said the spokesman. However, "there were of ...
ATHENS, Greece (AP) -- Results from the Greek football league after Sunday's games (home teams listed first): Saturday's Games Levadiakos 0, Aris 2 PAOK 1, Larissa 0 Xanthi 0, Olympiakos 1 Sunday's Games Panthrakikos 0, Asteras 0 Giannena 2, 3 Iraklis Ergotelis 1, Kavala 0 Panathinaikos 3, Atromitos 1 Panionios 3, AEK 1
Greek championship fixtures (GMT).
ATHENS, Greece (AP) — Masked youths smashed store windows and hurled rocks and firebombs at riot police who responded with tear gas Monday in a second day of violence during commemorations of last year's fatal police shooting of a teenager.
Fitch Ratings downgraded Greece's credit rating on Tuesday, citing concern over public finances and doubts that the new government would be able to sufficiently contain the ballooning debt.
A riot policeman's clothing catches fire after demonstrators threw petrol bombs at them, as violence erupted during a march to mark the first anniversary of the police shooting of a teenager, whose death sparked massive riots, in Athens, on Sunday, Dec. 6, 2009. Clashes also broke out in Greece's second largest city, Thessaloniki.
Dec. 8 (Bloomberg) -- Greek stocks and government bonds tumbled on mounting concern the nation may struggle to meet its debt commitments as public finances deteriorate.
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