Greek leftist leader Alexis Tsipras promised on Sunday that five years of austerity, "humiliation and suffering" were over.» Read More
*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...
*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...
*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...
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.
*Athens hopes to wean itself off bailout plan early. In Berlin earlier this week, Samaras for the first time publicly acknowledged that Athens hoped to wean itself off a 240- billion-euro EU/IMF aid package a year before its scheduled end in early 2016..
Speakers:- Polish National Bank Governor Marek Belka, Bank of Finland Governor Erkki Liikanen and ECB Governing Council member Ewald Nowotny. ATHENS- French Former Finance Minister Pierre Moscovici is expected to meet Greek Prime Minister Antonis Samaras, Deputy Prime Minister Evangelos Venizelos and Finance Minister Gikas Hardouvelis.
*Greece has fourth-highest milk prices in EU. LARISSA, Greece, Aug 5- Grassroots movements to cut out middlemen have been on the increase since Greece's debt crisis exposed the country's Achilles heel- a bureaucratic system which stifles innovation and encourages corruption.
Euro zone officials have approved the transfer of 4 billion euros ($5.3 billion) of funding to Greece and euro zone governments are expected to approve disbursement by Monday.
Greece and its international lenders resume talks on Monday to unlock 8.1 billion euros ($10.5 billion) of rescue loans after a two-week break during which the government almost collapsed.
Greek Prime Minister Antonis Samaras reshuffled his cabinet on Monday, aiming to bolster his government days after the smallest party in the ruling coalition quit over the closure of state TV.
Tens of thousands of Greeks took to the streets of Athens on Wednesday during a nationwide strike against wage cuts and high taxes that kept ferries stuck in ports, schools shut and hospitals with only emergency staff.
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.
*Anger, resignation on streets of Athens. The strike, called by Greece's two biggest labour unions representing half of the four million-strong workforce, brought public transport to a virtual standstill and shuttered schools, banks and local government offices.
*Anger, resignation on streets of Athens. ATHENS, Nov 6- Hundreds of thousands of Greeks began a crippling 48- hour strike on Tuesday to protest against a new round of wage and pension cuts that parliament is expected to approve narrowly a day later.
*Anger, resignation on streets of Athens. ATHENS, Nov 6- Tens of thousands of Greek workers began a 48- hour strike on Tuesday to protest a new round of austerity cuts that unions say will devastate the poor and drive a failing economy to collapse.
*Greece funding, China leadership adds to uncertainty. NEW YORK, Nov 5- Oil rebounded on Monday from the previous session's sharp loss while metals and crop prices mostly fell as financial markets treaded warily ahead of the U.S. presidential election and amid recovery work on the destruction left by Hurricane Sandy.