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18 Mar 2010:
Oil falls as $US strengthens, crude stockpiles rise - Sydney Morning Herald
Oil falls as $US strengthens, crude stockpiles rise Sydney Morning Herald Greek Prime Minister George Papandreou set a one-week deadline for the EU to craft a financial aid mechanism. Greece needs to raise about 10 billion euros ......
Oil falls as $US strengthens, crude stockpiles rise - Brisbane Times
Oil falls as $US strengthens, crude stockpiles rise Brisbane Times Greek Prime Minister George Papandreou set a one-week deadline for the EU to craft a financial aid mechanism. Greece needs to raise about 10 billion euros ......
Europeans debate exiting or expulsion from euro as fiscal crisis continues - Metro Canada - Vancouver
Europeans debate exiting or expulsion from euro as fiscal crisis continues Metro Canada - Vancouver Nikos Kastriotis, a shop owner in Athens, said he would be delighted with the return of the drachma, which was the standard silver coin of Greek antiquity. ......
Renewed Greek debt fears stalk markets, euro - eTaiwan News
Renewed Greek debt fears stalk markets, euro eTaiwan News AP World stock markets mostly fell Thursday as concerns about Greece's debt crisis resurfaced amid mounting evidence that the country's ... and more »...
Europeans debate exiting or expulsion from euro as fiscal crisis continues - Pictou Country Nova Scotia News
Europeans debate exiting or expulsion from euro as fiscal crisis continues Pictou Country Nova Scotia News Nikos Kastriotis, a shop owner in Athens, said he would be delighted with the return of the drachma, which was the standard silver coin of Greek antiquity. ......
Europeans debate exiting or expulsion from euro as fiscal crisis continues - The Amherst Daily News
Europeans debate exiting or expulsion from euro as fiscal crisis continues The Amherst Daily News Nikos Kastriotis, a shop owner in Athens, said he would be delighted with the return of the drachma, which was the standard silver coin of Greek antiquity. ......
Europeans debate exiting or expulsion from euro as fiscal crisis continues - Metro Canada - Toronto
Europeans debate exiting or expulsion from euro as fiscal crisis continues Metro Canada - Toronto Nikos Kastriotis, a shop owner in Athens, said he would be delighted with the return of the drachma, which was the standard silver coin of Greek antiquity. ......
World markets weigh upbeat US data, Greek worries - KWQC 6
World markets weigh upbeat US data, Greek worries KWQC 6 Investor sentiment remained fragile, however, as political indecision and wrangling in Europe clouded the outlook for a resolution to Greece's debt crisis. ... and more »...
Merkel keeps focus on euro stability - Financial Times
Merkel keeps focus on euro stability Financial Times Whenever Angela Merkel talks about the current crisis in the eurozone, and the specific debt problems of the Greek government that ... and more »...
Kiwi dollar at two- year high against euro - New Zealand Herald
Kiwi dollar at two- year high against euro New Zealand Herald The latest indication of Greek problems came in a report in which an unidentified Greek official said Greece was increasingly pessimistic about the prospect ......
ERT Online News
18 Mar 2010:
Night Shifts in Hospitals Won’t Be Trimmed
Hospital doctors decided to withhold their labour as of coming Monday until unpaid overtime is finally paid. In their meeting with Health Minister Mariliza Xenogiannakopoulou, they demanded real hirings, as well as they be included in the arduous and hazardous occupations. The Health Minister, on the other hand, reiterated that the hiring process is getting sped up, while night shifts and overtime won't be trimmed.
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Trade Mobilizations Continue
The Federation of Gas Station owners is staging a 24-hour strike on Thursday, however, the Pan-hellenic Fuel Merchants Federation is not participating in the strike. Gas stations in Thessaloniki, Crete, Mitilini, Grevena, Arkadia and Messinia are open while gas station owners in the Ebros prefecture have announced blockade of Ebros border crossing till 13:00, on Thursday. After their meetings, gas station owners trade unions, stressed they did not refuse to install cash registersas provided by new taxation draft-bill and would decided on further mobilizations after a meeting on Sunday. the Federation did not rule out continuation of mobilizations during Easter.
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Barroso Offers His Backing to Greek Government
European Commission head Jose Manuel Barroso offered his backing to the Greek government's efforts, following his meeting with the Greek Prime Minister Giorgos Papandreou.
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Samaras Travels to Brussels Anew
Greek opposition leader Antonis Samaras is due to visit Brussels anew in the coming week to unveil his proposals at the Congress of the European People's Party, as requested by German Chancellor Angela Merkel. In the meantime, the letters sent by former Finance Minister Giorgos Alogoskoufis to ND head Antonis Samaras and his predecessor and former Prime Minister Kostas Samaras have caused sensation. In his letters, Alogoskoufis claimed that ND officials did not offer their backing to his work.
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Strong Dispute over Draft-bill for Selection of Public Sector Supervisors
Parliament debate on draft-bill providing for requirements for the selection of supervisors in the public sector sparked strong dispute between the government and the opposition ND party. The ND walked out of the debate while its Parliamentary spokesman Konstantinos Tzavaras spoke of a draft-bill included in the framework of a miserable partisan system that PASOK is trying to establish. Responding, Interior Minister Yiannis Ragusis described accusations unacceptable, adding that the draft-bill is a historical decision and decisive step for the modernization of Public Administration.
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Papandreou-Barroso Crucial Meeting
Prime-minister G. Papandreou , who on Tuesday left open possibility to refer to IMF unless EU support is specified, is having a crucial meeting with European Commission President on Wednesday afternoon. Discussion on support to Greece's economy was referred to the EU Summit Meeting on March, 25 after Germany's refusal despite recognizing that Greece has taken the necessary measures. ND party leader Antonis Samaras, who met with euro region Finance Ministers in Brussels, expressed his objection to possibility of Greece's recourse to IMF. A significant development , however, is Standard & Poor's announcement taking Greece off its "negative credit watch," lowering the threat of a downgrade. But it has not ruled out need for additional measures.
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Strike Wave Grips Greece
An ongoing strike wave has gripped Greece, since employees are escalating their reactions to the new financial and pension measures taken by the government.
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Employment Min.- GENOP-DEH Board Meeting
Public Power Corporation (DEH) employees, who are staging a 48-hour strike since yesterday, have occupied the company's headquarters in Halkokondili St. Rotating power cuts are likely to continue on Wednesday to cope with demand. GENOP-DEH board is having a meeting with Employment Minister A. Loberdos. There will follow a meeting of GENOP administration board to decide on whether mobilizations will continue or not.
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Measures Unfair but Necessary
A recent survey indicates that the majority of Greek people considers that implementation of the government's measures, despite being unjust and of dubious effectiveness, is the only option to exit the country from the economic crisis. The opinion poll also shows PASOK in the lead in intention of voting.
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DEH Starts Mobilizations on Monday
Public Power Corporation ( DEH) has announced escalation of industrial mobilizations as of Monday within framework of reactions against reforms in social security system and reduction in salaries. Strike mobilizations may cause disruptions in power supply.
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Moreover
18 Mar 2010:
CURRENCIES: Dollar Up As Greece, Fed Activity In Spotlight
The dollar rose by the most in a month on Thursday amid signs of increasing tensions within Europe over an aid plan for the debt-strapped Greek government. The dollar also received support from some discussion in the market about the possibility that...
Germany hardens against Greek bailout
Germany hardened its stance against a European bailout of Greece last night by effectively calling the bluff of its Prime Minister after he suggested that Athens could seek emergency cash from the International Monetary Fund. With German public opinion...
Spring has sprung: Britain basks in hottest day of year so far with temperatures higher than Greece
The Met Office says the time to pack away our winter woollies has come, with the mild weather here to stay. However, we will be getting our April showers early, with unsettled weather forecast for the weekend....
European Markets Fall On Greek Worries - European Commentary
(RTTNews) - The European markets fell on Thursday, as growing uncertainty about a rescue plan for debt-stricken Greece hit investor sentiment.Greek Prime Minister George Papandreou has said he may turn to the International Monetary Fund to overcome...
Greece urges EU aid, but Germany 'open' to IMF appeal
BRUSSELS (AFP) - Greece warned on Thursday it could call on the IMF for help unless European leaders offered financial aid next week, with Germany now appearing "open" to the idea as the Greek debt crisis hit the euro. After Greek Prime Minister George...
Foreign exchange: Dollar rises on concern over Greek debt
The dollar rose against the euro and the pound Thursday following economic reports from the government and amid renewed concern over Greece's debt. What prices are doing: The dollar climbed 0.9% versus the euro to $1.3621 and rose 0.3% against the...
Gold Steadies as Traders Digest Greece's Troubles
Gold steadied in choppy trade on Thursday as recurring fears over the outlook for debt-laden Greece sparked some safe-haven buying of the metal, but also knocked the euro nearly 1 percent lower versus the dollar. A media report earlier said Greece was...
CORRECTED-European shares end lower; Greece's NBG slips
LONDON, March 18 (Reuters) - European shares fell on Thursday, led lower by the banking sector, with Greece's largest lender National Bank (NBG) slipping 6 percent before a post-market results statement. The pan-European FTSEurofirst 300 index of top...
European shares end lower; Greece's NBG slips
LONDON (Reuters) - European shares fell on Thursday, led lower by the banking sector, with Greece's largest lender National Bank (NBG) slipping 6 percent before a post-market results statement. The pan-European FTSEurofirst 300 index of top shares...
Euro drops on Greece fears; Swiss franc rises on SNB
* Swiss franc hits 17-month high vs euro on SNB comments (Updates prices, adds Swiss franc moves, changes byline) NEW YORK, March 18 (Reuters) - The euro fell against the dollar on Thursday on persistent worries over Greece's debt problems after a report...
World stocks, euro dip on renewed Greek worries
World stocks dropped on Thursday and the euro weakened against the U.S. dollar on renewed worries about Greece, which said it may be unable to solve its fiscal problems if borrowing costs stay high. Adding to the moves in currencies, traders linked the...
European stocks wobble on Greek debt fears
LONDON: European stock markets wobbled Thursday on investor unease over ineffectual EU efforts to resolve a debt crisis gripping Greece.European markets lost ground "as investors continued to fret over Greece's sovereign debt problems," said City Index...
Toronto stock market moves lower on Greek debt worries, lower commodities
TORONTO - A continuing Greek debt crisis helped push the Toronto stock market lower Thursday afternoon, with commodity stocks dampened by worries an already shaky global economic recovery could have the wind knocked out of it should EU bailout efforts...
Euro falls as Greece warns it could seek IMF help
The euro tumbled again today after , George Papandreou, warned that Greece might have to seek help from the (IMF). The currency fell to 1.3648 dollars, before recovering to 1.3692 dollars, however it was still down from 1.3735 dollars late in New York...
City roads to close for Greek parade
Having just recovered from a green spell, Baltimore is about to turn blue and white.The city Transportation Department will close two important streets in East Baltimore Sunday to make way for the Greek Independence Day Parade. Eastern Avenue will be......
Germany Backtracks on European Rescue for Greece
The onus for resolving Greece’s financial crisis appeared to move closer to the on Thursday, as Berlin distanced itself from any bilateral or European support for the Greek government, The New York Times?s Matthew Saltmarsh reports. Given the legal...
Greece may look to IMF for bailout
Greek Prime Minister George Papandreou said Thursday that his country may ask the IMF for a bailout, a move which Germany would support. Analysts, however, think Athens is simply trying to provoke a concrete EU aid plan. Germany would back a bailout from...
Gold Futures Rise As Greek Tensions Resurface
NEW YORK (MarketWatch) -- Gold futures finished slightly higher on Thursday, with renewed uncertainty over aid to Greece leading some to seek the precious metal's safe haven. The resulting slump in the euro gave strength to the dollar, however, and...
Greek Pm Seeks Eu Aid Mechanism, Challenging Merkel
Greek Prime Minister George Papandreou set a one-week deadline for the European Union to craft a financial aid mechanism for Greece, challenging Germany to give up its doubts about a rescue package. ......
ANALYSIS - EU faces high-stakes ultimatum on aid for Greece
Greece has made what amounts to an ultimatum to the European Union to come up with a clear offer of standby loans next week or face the embarrassment of Athens asking the International Monetary Fund for help. Greece has long held out the prospect of...
Greece seeks no aid, can make it on its own - PM
Greek Prime Minister George Papandreou told his cabinet on Thursday the country was not asking for financial aid from the European Union or the IMF and would aim to escape its debt crisis on its own. EU negotiations to provide a concrete support...
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