Early Monday, theafter a five-day debate overshadowed by protests and violence sparked by a boy's fatal shooting by police this month, Greek parliament passes budget for 2009 amid street violence. Before the budget,Street violence raged. The conservatives of Prime Minister...
It's been gaining steadily since the start of the month. On Wednesday, the 16-nation euro rose to $1.4733 in morning trading in New York from $1.4685 late Tuesday. Earlier in the session, the euro fell as low as $1.4670, its...
Athens :: Greece
| updated Sun Dec 06 06:17:56 -0800 2009
| business-news
Greece's fledgling government has scrambled to quell market fears of a default on its massive debt after Dubai's recent solvency scare put the spotlight on the struggling Greek economy. With the Athens stock exchange reeling and investors speculating whether the...
The Greek economy started to slow down later than many of its peers, and it appears to be stuck in recession for longer. It was still contracting during the third quarter, putting it alongside the laggards of the region, like...
Athens :: Greece
| updated Sat Nov 21 00:03:54 -0800 2009
| business-news
Seen by many as an effort by Papandreou to link Greece�s economic problems to wider issues of graft, bureaucracy and a lack of transparency in the public sector, the premier said that he wanted to begin discussions on ways to...
Friday at 2,257.43 points, recording a 6.16 percent decline from the previous week's closing at 2,405.61 points. The decline of the sectoral indexes of banks, insurances and financial services by more than 10 percent on a weekly basis speaks volumes...
Fitch Ratings cut Greece’s credit ratings to BBB plus with a negative outlook, a day after rival ratings agency Standard & Poor’s threatened Athens with a downgrade . It is the first time in 10 years that one of the...
Kathimerini English Edition The new Greek socialist government may be sincere in its commitment to fiscal consolidation in the medium term. However, the only way to hedge this commitment against the political tide is to have Brussels demand concrete and...
Athens :: Greece
| updated Sun Dec 06 10:30:35 -0800 2009
| business-news
Tensions at home were mounting after Jeremy Field lost a second construction job as the recession hit. More Business He spent his days on the Internet and the phone looking for work. His wife, Kelly, who had been home caring...
Athens :: Greece
| updated Sat Nov 14 00:54:20 -0800 2009
| business-news
Banks must grow in size and competitiveness� National Bank Chairman Takis Arapoglou suggested in a speech in London this week that bank mergers, both within Greece and outside the country, are inevitable, adding that Greek banks will soon see opportunities...
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