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S&P Cuts Greece΄s And Portugal΄s Ratings
Standard & Poor΄s Ratings Services said on Tuesday it lowered its long-term sovereign credit rating on Greece to ΄BB-΄ from ΄BB+΄ and maintained the...
Finance Minister Intends to Sue "Proto Thema" for Article
Finance Minister Yiorgos Papakonstantinou intends to sue the newspaper "Proto Thema" for libel over its front-page article headlined "Express Service Minister", according to an...
Papandreou Optimistic Following EU Summit
Greek Prime Minister George Papandreou comments on European Union leaders’ approval of a permanent debt-crisis mechanism for euro-area countries starting in 2013.
Papandreou spoke to...
Low Expectations for Greece in Brussels
The resignation of Portuguese government late Wednesday weighs on the European Union Summit that starts today, as the country seems very close to resorting...
Greece's Participation in Operation against Libya Costs 1 Million Euros Daily
The military operation against Libya has hardly started, yet a Greek television channel reported that the country’s war participation will cost one million euros...
Government's Unpaid Bills Reach 5.3 Billion Euros
The Greek government owed 5.35 billion euros to private companies and residents at the end of last year, daily Kathimerini reports today, quoting Finance...
IMF: Major Reforms Still Needed For Greece
International Monetary Fund said on Wednesday that a medium-term budget strategy paper, which will set annual spending ceilings for individual line ministries and fiscal...
Moody΄s Downgraded OTE To Baa3 From Baa2
Moody΄s Investors Service said on Tuesday it downgraded the long-term issuer rating of Hellenic Telecommunications Organisation (OTE) to Baa3 from Baa2.
Concurrently, Moody΄s has downgraded...
Cabinet to review summit decisions
Barely 24 hours after declaring victory in his battle to win better terms for bailout loans to debt-stricken Greece, prime minister George Papandreou called...
Greece Plans to Launch First U.S. Diaspora Bond
Greece plans to sell its so-called Diaspora bonds worth up to $ 3bn to U.S. retail investors in the first half of the year,...