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Clock ticks on Greece’s bailout deadline (Reuters)

Reuters – Greek Prime Minister Lucas Papademos faces a critical task of convincing international lenders and political party leaders on Sunday to agree to the stringent terms of a 130 billion euro ($171 billion) rescue plan to stave off looming default.

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Clock ticks on Greece’s bailout deadline
(Reuters)

greek

ECB split on how to handle any Greek bond losses: sources (Reuters)

Reuters – The European Central Bank has ruled out taking voluntary losses on its Greek bond holdings but is now debating how it would handle any forced losses and whether to explore legal options to avoid such a hit, central bank sources told Reuters on Wednesday.

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ECB split on how to handle any Greek bond losses: sources
(Reuters)

greek

Debt worries, economy outlook spark market retreat (Reuters)

Reuters – The euro edged down from a three-week high on Tuesday and European shares opened lower after the region’s finance ministers rejected an offer by private creditors to restructure their Greek debt, raising the specter of a messy default.

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Debt worries, economy outlook spark market retreat
(Reuters)

greek

S&P downgrades euro zone’s EFSF bailout fund (Reuters)

Reuters – Rating agency Standard & Poor’s cut its credit rating of the European Financial Stability Facility, the euro zone’s rescue fund, by one notch to AA+ on Monday, three days after it cut the ratings of France and Austria by the same margin.

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S&P downgrades euro zone’s EFSF bailout fund
(Reuters)

greek

European shares stabilize, economic data eyed (Reuters)

Reuters – European shares and the euro gradually recovered on Monday from early losses triggered by the mass downgrade of euro zone sovereign ratings last week, but they still looked vulnerable amid rising fears of a disorderly Greek debt default.

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European shares stabilize, economic data eyed
(Reuters)

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Greeks protest as France, Spain face squeeze (Reuters)

Reuters – Greek police clashed with anti-austerity protesters and Italy announced sweeping reforms in response to a European debt crisis that on Thursday pushed borrowing costs for France and Spain sharply higher.

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Greeks protest as France, Spain face squeeze
(Reuters)

greek

Jobless claims at 7-month low, building permits jump (Reuters)

Reuters – New claims for jobless benefits hit a seven-month low last week, while permits for future home construction rebounded strongly last month, bolstering views the economy was gaining traction.

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Jobless claims at 7-month low, building permits jump
(Reuters)

greek

Greek 2011 budget deficit to be around 9 pct/GDP: government (Reuters)

Reuters – Greek Finance Minister Evangelos Venizelos expects the country’s budget deficit to be around 9 percent of GDP this year, said an official who attended the first cabinet meeting of a new coalition government on Friday.

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Greek 2011 budget deficit to be around 9 pct/GDP: government
(Reuters)

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Greek PM on brink as anxious world watches euro zone (Reuters)

Reuters – Greece’s teetering government backed away from a proposed referendum on staying in the euro on Thursday, while European leaders talked for the first time of a possible Greek exit to preserve the single currency.

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Greek PM on brink as anxious world watches euro zone
(Reuters)

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Euro zone, banks close to deal on Greek debt: source (Reuters)

Reuters – Euro zone leaders and banks are close to reaching a deal on a 50 percent writedown for private bondholders on their Greek debt, an EU source said on Thursday.

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Euro zone, banks close to deal on Greek debt: source
(Reuters)

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