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Antonis Samaras

  • ATHENS, Oct 23- Greece's coalition government submitted promised tax relief legislation to parliament on Thursday as part of efforts to boost its flagging popularity and show Greeks that four years of austerity are nearing an end. Prime Minister Antonis Samaras, whose conservative party trails the anti-austerity Syriza party in opinion polls, has been...

  • LONDON, Oct 20- Portuguese government bond yields jumped on Monday as financial concerns over one of the country's largest listed companies and the approaching bankruptcy of the Espirito Santo family shook investor confidence in the fragile peripheral economy. The liquidation of the assets of Espirito Santo holding company Rioforte virtually ensures...

  • LONDON, Oct 20--- Neal Kimberley is an FX. After days of market mayhem, seemingly calmer conditions prevailing on Monday may prompt foreign exchange traders to question the euro's recent bounce from the $1.2550 level. Traders may conclude that the euro, trading at $1.2760 on Monday, has benefited from an unwinding of stale bets on the dollar, but that rise is not...

  • LONDON, Oct 20- Euro zone bond yields dipped on Monday after solid U.S. economic data eased some of the concerns over a slowdown in global growth that led to sharp sell-offs in peripheral debt last week. Signs that another recession may be brewing amidst a broader slowdown in global growth have caused investors to refocus on high debt levels in countries like...

  • LONDON, Oct 19- Evaporating inflation and slowing growth have put financial markets into such a spin that they could inflict further damage on the world economy. With the Fed set to turn off its money taps at the end of this month, investors appear to have woken up to poor growth prospects in much of the world, something International Monetary Fund chief Christine...

  • Samaras said Athens was talking with its lenders about what should happen if Greece succeeds in leaving its bailout programme by the end of December, a year ahead of schedule, as Greek officials hope. He sees one option as a credit line that Athens could tap post-bailout should it fall prey to future market turmoil. But the details of any such credit line have yet to...

  • European shares post biggest daily gain in three years Friday, 17 Oct 2014 | 12:37 PM ET

    LONDON, Oct 17- A key pan-European equity index posted its biggest daily gain in three years on Friday as stronger U.S. data fueled a rebound from recent sharp losses and speculation about monetary easing stabilized lower-rated euro zone bonds. The index extended gains after a widely followed survey showed U.S. consumer sentiment rose in October to the highest...

  • LONDON, Oct 17- European stocks were on track for their steepest daily rise in over a year on Friday as stronger U.S. data helped fuel a rebound from recent, sharp losses and worries about Greece's political stability eased. The index had fallen nearly 12 percent over the previous month, as a raft of weak euro zone macro economic data raised the specter of a new...

  • Greek eyes precautionary credit line after bailout Friday, 17 Oct 2014 | 10:22 AM ET

    ATHENS, Greece— Greece's prime minister said his government is in talks with rescue lenders over a possible precautionary credit line to ease the country's exit from its 240 billion euro bailout program. Antonis Samaras, speaking to reporters Friday at a summit in Milan, said the credit line was "an item negotiation." He did not clarify whether the credit line...

  • *Concern that Germany and ECB will do too little too late. PARIS, Oct 16- After a two-year siesta, the euro zone is back in the financial markets' firing line due to stagnating growth, low inflation, budget problems in France and Italy and rising political risk in Greece, where the bloc's debt crisis began in 2009.. But four overlapping factors have rekindled anxiety...

  • *Investors fret at prospect of Greece going it alone. ATHENS/ FRANKFURT, Oct 16- The European Central Bank will loosen its terms for accepting security from Greek banks to allow them to tap more of its funding, offering the country's lenders support as stock and bond markets in Athens tumble. The current "troika" of inspectors made up of the ECB, the European...

  • EU pledges support for Greece as markets plunge Thursday, 16 Oct 2014 | 7:55 AM ET

    ATHENS, Greece— The European Union is promising Greece continued financial support, in the hopes of calming market turmoil triggered by concerns over the government's survival and the future of its bailout program. Jyrki Katainen, vice-president of the European Union's executive Commission, said Greece had made "immense progress" since the 240 billion euro...

  • *Concern that Germany and ECB will do too little too late. PARIS, Oct 16- After a two-year siesta, the euro zone is back in the financial markets' firing line due to stagnating growth, low inflation, budget problems in France and Italy and rising political risk in Greece, where the bloc's debt crisis began in 2009.. But four overlapping factors have rekindled anxiety...

  • *Greece ready to forego 12 bln euros remaining in IMF bailout. *Euro zone reluctant to remove IMF from supervising Greece. They also said Europeans were resisting a push by Athens to end borrowing from the IMF, which is unpopular in Greece and causing political problems.

  • *Bond market closing its doors to Greece, analysts say. Ten-year borrowing costs shot up by more 80 basis points to 7.85 percent, their highest since February, partly reflecting a lack of faith in Prime Minister Antonis Samaras' ability to ensure Greece can fund itself in the market. The Athens stock market plunged 6.8 percent to 884.06 and was on track for its...

  • Greek stocks sink, bond yield surge threatens bailout exit Wednesday, 15 Oct 2014 | 11:40 AM ET

    *Bond market closing its doors to Greece, analysts say. Ten-year borrowing costs shot up by more 80 basis points to 7.85 percent, their highest since February, partly reflecting a lack of faith in Prime Minister Antonis Samaras' ability to ensure Greece can fund itself in the market. At this level the market is closed for Greece, "said Alessandro Giansanti, senior...

  • Greece returns to market spotlight with nosedive Wednesday, 15 Oct 2014 | 9:00 AM ET

    Greece's main stock index closed 6.3 percent lower— having traded down as much as 9.8 percent lower earlier in the day. Yields on Greece's 10- year bonds also rose sharply, to 7.73 percent— up 1.10 percentage points on the day, a sign investors are more worried about default. Economist Megan Greene said investors were rattled by a combination of factors, with the...

  • WASHINGTON, Oct 12- Greece has begun talks for ending International Monetary Fund aid to the country, but will continue to have routine post-bailout reviews by the Washington- based group, a Greek official said after talks with the IMF's chief on Sunday. The IMF is deeply unpopular in Greece for insisting on austerity cuts under Greece's 240 billion euro EU/IMF...

  • ATHENS, Oct 6- Greece's government unveiled its 2015 budget on Monday, promising a second year of growth and tax breaks aimed at easing austerity imposed after the country sank into its deepest post-war economic crisis. The budget largely confirmed targets for growth and a budget surplus before interest payments set under Greece's 240 billion euro EU/IMF...

  • LONDON, Sept 29- Greek government bond yields rose to their highest in almost two months on Monday as Athens' plans for an early exit from a bailout programme raised concerns about future financing and debt relief.