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Archive for the ‘Greek’ Category

May 16, 2012        7:11 am The head of Greece’s top administrative court, Panayiotis Pikrammenos, was named the nation’s caretaker prime minister Wednesday as voters prepare for another election on June 17 that is widely viewed as a referendum on whether Greece stays in or leaves the Eurozone. Given narrow powers and stripped of [...]

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May 16, 2012           11:30 AM CT Federal Reserve Bank of St. Louis President James Bullard said fiscal policies are needed to reduce the 8.1 percent U.S. unemployment rate and additional asset purchases by the Fed, or quantitative easing, would risk a surge in inflation. “It may be better to focus on labor [...]

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May 16, 2012 Greece appointed a senior judge Wednesday to head a caretaker government for a month as it lurches through a political crisis that threatens its membership in the euro. The political uncertainty is worrying Greece’s international creditors as well as Greeks themselves, who have withdrawn hundreds of millions of euros from banks since [...]

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May 07, 2012           2:07PM THE Greek neo-Nazi Golden Dawn party will enter parliament for the first time in nearly 40 years, exit polls showed as ballots closed in an early election that could derail the country’s reforms. The party is calculated to win between six and eight percent of the [...]

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May 6, 2012         1:48 AM ET Greece’s youngest political leader, Alexis Tsipras, is seeking a united left front that will call time on the harsh austerity that comes with an international bailout keeping Athens afloat. He calls the ultimatum thrown down by mainstream parties, bailout or bust, a scare tactic to [...]

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4 November 2011      10:26 ET Greece’s PM George Papandreou is set to face a crucial no-confidence vote, with the outcome on a knife-edge. Mr Papandreou shocked EU partners and sent markets into turmoil after calling for a referendum on a hard-fought EU deal to bail out debt-ridden Greece. The finance minister said on Friday the [...]

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