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Credit Suisse: Bad & Good News for Peripheral Europe

Credit Suisse said on Tuesday that there are both good and bad news for the European periphery. The bank noted that there will be more...

Budget: Greece Gets Ready For More Austerity in 2011

Greek government Thursday tabled in the nation’s parliament its 2011 Budget that “continues agressive fiscal consolidation effort,” the Ministry of Finance said. The aim is...

Daily Telegraph: “Greece Needs Orderly Bankruptcy”

An orderly bankruptcy in the form that is usually engineered by the International Monetary Fund is exactly what Greece needs, as: “Greeks are being...

Greece to Pay All Medical Debts from 2005-September 2010

Greece will pay by the year's end all hospital debts accumulated with medical suppliers from 2005 up to last month.  The nation plans to keep closer...

Papandreou on Live News Conference Regarding Voting Fears

PM George Papandreou will participate in a live televised news conference on Monday.  The news confernce is in regards to a bid to address voters’ fears about the...

IMF Says Impact Of Greece’s “Data Revision” Will Not Be Substantial

The implications of the upwards revision of Greece’s budget data by Eurostat will not be substantial, an IMF spokesperson told Capital Still, the Fund points...

Greece Presents Austerity Budget for 2011

The Greek draft 2011 budget announced Monday by the finance ministry aims to cut the budget deficit to 7% of gross domestic product, ahead...

PM Papandreou Announces New Cabinet

A sweeping reshuffle of the government was announced after midnight on Monday.  This occured less than a year after the elections that brought  ruling socialist...