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ISTANBUL (Reuters) – Beset by economic crisis at home, Greece took a symbolic step towards improving relations with long-time arch rival Turkey on Monday by pledging to double annual trade with its eastern neighbor over the next three years. Greek Prime Minister Antonis Samaras, on his first visit to Turkey since winning power in June, [...]
Posts Tagged ‘Greece’
Greece faces bailout review, plays down public sector job losses
Posted by admin on March 2nd, 2013
ATHENS (Reuters) – Officials from the European Union and the International Monetary Fund return to Athens on Sunday to assess Greece's performance under a bailout plan as the government plays down the prospect of public sector job cuts. The heads of the "troika" mission from the EU, IMF and the European Central Bank will meet [...]
Anti-austerity strike brings Greece to a standstill
Posted by admin on February 20th, 2013
ATHENS (Reuters) – Greek workers walked off the job on Wednesday in a nationwide protest against wage cuts and high taxes, keeping ferries docked in ports, shutting state schools and leaving hospitals working with emergency staff. Greece's two biggest labor unions brought much of the near-bankrupt country to a standstill during a 24-hour strike over [...]
Greece says citizen among group kidnapped in north Nigeria
Posted by admin on February 17th, 2013
ATHENS (Reuters) – A Greek national was among seven construction workers kidnapped in the state of Bauchi in northern Nigeria, the Greek foreign ministry said on Sunday. A ministry statement said the Greek worker was abducted on Saturday night after an armed attack at the housing complex where staff of Lebanese construction firm Setraco were [...]
Posted in Breaking News 
Tags: among, Citizen, Greece, Group, Kidnapped, Nigeria, North, says 
No Comments »Athens scrap dealer defies taboos in crisis-hit Greece
Posted by admin on February 6th, 2013
ATHENS (Reuters) – With his red beanie hat and rickety three-wheeler, 56-year-old Dimitris cuts an unlikely figure as he dives head-first into the garbage to scour for scrap in Athens's wealthy suburbs. The unemployed builder is one of the few Greeks to defy taboos by becoming a scrap dealer in a country where the job [...]
Posted in Breaking News Tags: Athens, crisishit, dealer, defies, Greece, Scrap, taboos No Comments »Greece not out of woods, must stick to reforms: finance minister
Posted by admin on January 17th, 2013
ATHENS (Reuters) – Greece must resist internal political pressure to slow economic reforms in a year that will dictate whether it avoids bankruptcy, Finance Minister Yannis Stournaras told Reuters in an interview. With EU partners starting to praise Greek efforts to exit its worst crisis in decades and some economic indicators showing fledgling signs of [...]
Greece facing critical year, says finance minister: FT
Posted by admin on December 20th, 2012
LONDON (Reuters) – Greece is facing a critical year that hinges on its three-party ruling coalition sticking together and following the bailout program agreed with the European Union and the International Monetary Fund, Finance Minister Yannis Stournaras said in the Financial Times on Thursday. “We can make it next year if we can stick to [...]
Greece Slides Into Depression
Posted by admin on December 18th, 2012
“The spread of economic hardship is fraying Greece’s social fabric and straining its political cohesion as the country enters the harshest winter of its three-year-old debt crisis,” the Wall Street Journal reports. Tweet This Post
Greece wants extra funds to buy back all bonds offered
Posted by admin on December 12th, 2012
ATHENS (Reuters) – Greece said on Wednesday it was seeking an additional 1.29 billion euros in funding from foreign lenders so it could accept all of the 31.9 billion euros of debt offered in a bond buyback scheme. The scheme, intended to put Greece's mountainous debt on sustainable footing and unlock cash to avoid bankruptcy, [...]
Greece launches bond buyback offer via Dutch auction
Posted by admin on December 3rd, 2012
ATHENS (Reuters) – Greece on Monday said it would conduct its bond buyback offer through a modified Dutch auction method in which investors declare how much they are willing to sell their bonds at before the price is determined. Greece set a minimum price range of 30.2 to 38.1 percent and a maximum price range [...]
