Greece made a successful, if artificially engineered, return to the long-term capital markets last week for the first time since its international bailout in 2010, and just two years after imposing heavy losses on its private creditors.
ATHENS, April 11- German Chancellor Angela Merkel arrived in Athens on Friday, a symbolic visit to mark the economic rehabilitation of a nation that over the past four years has threatened the stability of Europe and its single currency. Merkel's visit, which comes the day after Greece returned to international bond markets, will be brief.
ATHENS, Greece— Greece won praise Friday from German Chancellor Angela Merkel— the lead advocate of eurozone austerity— for its painful economic turnaround and successful return to markets. "Greece has honored its pledges," Merkel said at a news conference with Greek Prime Minister Antonis Samaras in Athens.
*Greece returns to bond markets, ends four-year exile. *Greece sees sale as first step to end austerity, bailout.
The sale is a milestone for Greece. Greece has been relying on funds from international bailouts since May 2010— in return for which it has imposed a series of deeply unpopular spending cuts and tax hikes. The bond issue came a day before German Chancellor Angela Merkel was expected in Athens on a brief visit to meet with Samaras.
*Greece sees signs of better times. PIRAEUS, Greece, April 9- Nikos Mavrikos has fired half of his employees since 2010 as the Greek economy imploded, leaving his ship supply business on the verge of collapse. "People are slowly starting to trust Greece again," says Mavrikos, who hopes to take on even more employees soon at his family-owned business.
*Greece showing signs of pulling out of recession. LONDON, April 3- Greece is planning to return to the international bond market this month, four years after it became the first euro zone country to be bailed out and only two years since defaulting on its debts.
*Athens sees full market return in 2016. *Athens could tap markets a second time this year. The Eurogroup of finance ministers met in Athens this week, attracting about 5,000 protesters who denounced the latest measures agreed with the European Union and the International Monetary Fund to try to make the economy more competitive.
Prime Minister Antonis Samaras told Reuters the worst of the crisis was behind Greece and it was considering issuing new bonds within the next three months. The chairman of euro zone finance ministers Jeroen Dijsselbloem said on Tuesday that Greece was fully funded for the next 12 months and hoped to finance itself on the market afterwards.
ATHENS, March 31- Greece approved on Monday a contentious reform bill to secure bailout aid but the government was forced to expel a dissenting lawmaker, reducing its majority in parliament to just two seats.
*Greece, Gazprom to announce new supply deal- sources. ATHENS, Feb 20- Greece and Russian energy giant Gazprom will soon announce a new gas supply deal including price cuts backdated to last June, sources said on Thursday. Gazprom is the biggest supplier of Greece's state-run natural gas distributor DEPA.
PARIS, Feb 4- Greece would seek to negotiate an international write-off of about one-third of its debt if the leftist Syriza opposition party won a general election, its leader said on Tuesday.
*Beleaguered Greek PM sees surplus of 1 billion euros. ATHENS, Jan 30- Greece will post a budget surplus of at least 1 billion euros in 2013 and return the bulk of that to cash-strapped Greeks, Prime Minister Antonis Samaras said on Thursday, seeking to wrest momentum back from an emboldened leftist opposition.
BRUSSELS, Jan 14- Greece expects the euro zone to provide some debt relief to Athens later this year but the impact on its vast liabilities will be little more than symbolic.
*Greece in spotlight as it assumes 6- month EU presidency. ATHENS, Jan 8- Greece took over the presidency of the European Union on Wednesday and chose the moment to deliver a staunch defence of its efforts to recover from six years of recession and two bailouts that have cost it more than 200 billion euros.
*Greece in spotlight as it assumes 6- month EU presidency. Meeting Brussels- based journalists on a visit to Athens as Greece takes over the presidency of the EU, Foreign Minister Evangelos Venizelos and Finance Minister Yannis Stournaras emphasised early signs of economic recovery while treading carefully around the issue of debt relief or renegotiation.
After nearly going bankrupt and almost crashing out of the euro zone last year, Greece expects growth of 0.6 percent in 2014 and hopes to secure more leeway on its debts to the European Union and the International Monetary Fund.
*BlackBerry well-positioned for the long term growth. LONDON, Dec 4- Bets on debt-ravaged Greece or ailing phone maker BlackBerry would make many investors flee, but for Prem Watsa both are part of a "cautious" strategy he employs to manage Fairfax Financial's $23.3 billion portfolio.
BERLIN, Nov 23- German Finance Minister Wolfgang Schaeuble said on Saturday that there were no longer any risks of contagion in the euro zone, and Greek Prime Minister Antonis Samaras stressed his country did not need a further bailout.
BRUSSELS, Oct 31- International inspectors are set to put on hold a trip to Athens because they have been unable to bridge differences with Greece over how to close a 2 billion-euro hole in its 2014 budget, euro zone officials said.