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A new wave of violent attacks against academics is sweeping across campuses in Athens and Thessaloniki, leading Greek professors to question a law banning police from entering university grounds.
Greek Finance Minister George Papaconstantinou said there is "absolutely" no risk that the country will default on its debt, seeking to ease the concerns of investors after Greece had its credit rating cut on Tuesday. "We're moving swiftly to reassure citizens and markets that we're moving in the right direction," Papaconstantinou said. The minister also said that Greece will not seek a European ...
Dec. 9 (Bloomberg) -- Chancellor Angela Merkel’s government is urging Greece to tackle soaring debt and offered support to help the Greek administration get public finances back under control.
Dec. 9 (Bloomberg) -- Greek Finance Minister George Papaconstantinou said there is “absolutely” no risk that the country will default on its debt, seeking to ease the concerns of investors after Greece had its credit rating cut yesterday.
Dec. 9 (Bloomberg) -- Greek government bonds may not be eligible as collateral at the European Central Bank if the ECB reverts to pre-crisis rules in 2011, making it more difficult for Greece to borrow money.
(Corrects to show figure refers to ECB collateral, not Greek debt, in twelfth paragraph.) Dec. 9 (Bloomberg) -- Greek government bonds may not be eligible as collateral at the European Central Bank if the ECB reverts to pre-crisis rules in 2011, making it more difficult for Greece to borrow money.
Financial markets have been watching statements by Greek and EU policymakers, as concerns Europe's richer economies might not step in to bail Greece out of its financial difficulties rise. The Greek F...
The Fitch rating agency on Tuesday downgraded Greece's long-term debt ratings as well as those on four of the country's largest banks, describing prospects for Greek public finances as negative.
ATHENS, Dec 9 — Greece’s prime minister vowed to do whatever it takes to check the country’s vast deficit as European partners piled pressure on Athens to take action, a day after its credit rating was cut to the lowest in the euro zone. Greek financial markets were hammered today. The risk premium on Greek government bonds jumped and bank stocks tumbled, extending yesterday’s losses on Fitch ...
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.
New Democracy leader Antonis Samaras said it was “a given” that his party would back current Greek President Karolos Papoulias for a second term in office rather than oppose his re-election and force early general elections.
LONDON -- There is no risk Greece will default on its debt, Greek Finance Minister George Papaconstantinou said Wednesday, in an interview with Bloomberg Television. "We're moving swiftly to reassure...
PARIS - FRANCE does not think its euro zone partner Greece is on the verge of financial collapse, Finance Minister Christine Lagarde said on Wednesday, amid fears over Athens' mounting public deficit and debt. 'I don't think Greece could go bankrupt,' Ms Lagarde told RMC radio, adding that her Greek counterpart Georges Papaconstantinou would come to France next week to visit her and talk about ...
Continuing worries over Greece's high public debt levels cause Greek shares to fall 6% as the country's credit rating is cut.
Another day, another country looks to be heading towards bankruptcy. Greece was last night downgraded by ratings agency Fitch from A- to BBB+ and was placed on negative credit watch. That means there could be more downgrades to come. The Greek budget deficit is currently 12% of GDP.
The newly elected Greek government pledged Tuesday to take necessary measures to improve public finances, following the downgrading of its credit rating by the Fitch rating agency. "We will do what is necessary to meet our obligations," said Finance Minister George Papaconstantinou. Fitch downgraded Greece's credit rating from A- to BBB+ on Tuesday. It was the first such downgrading in 10 years ...
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