Interest rates on Greek bonds surged back close to their highest levels for seven months after Standard & Poor’s put Greece’s A minus credit rating on “negative watch”, which usually leads to a downgrade within a month. Separately, Mr Trichet...
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 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...
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...
Bank shares managed to trim mid-session losses, ending 4.13 percent in the red, versus a 2.3 percent drop in the benchmark general index to 2,372.61 points. Traders said comments late on Tuesday from Giorgos Provopoulos, governor of the country�s central...
The LSE said Regal had failed to ensure its announcements were not misleading or false and to release price-sensitive information quickly enough. The breaches concerned the company's oil wells in the Kallirachi project in the North Aegean Sea. Regal is...
Ireland’s budget deficit will widen to 12pc of gross domestic product this year as the shrinking economy and slumping property market erode tax revenue. Lawmakers will hold a debate in the Dail today on measures to control the shortfall and...
Athens :: Greece
| updated Sat Nov 14 00:54:07 -0800 2009
| business-news
Kathimerini The Greek economy has been in a deep recession since the start of the year, concluded the National Statistical Service (NSS), as part of its latest estimates published yesterday, which included the updated surveys and new data for the...
Greece's unemployment rate jumped to 9.6 percent in July from 8.6 percent in June, official figures showed Wednesday, as the economic downturn continues to take its toll on the labor market. The National Statistics Service said the July jobless figure...
The airport travel tax, which was introduced at the end of March, will lead to significant job losses and revenue while only contributing a small sum to State coffers, according to a new report. The report, which was conducted by...
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