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Greek Crisis Threatens Eurozone Survival
ATHENS – As speculation intensified that Greece would default, the crisis that has gripped the country for 18 months, setting off protests and riots...
Germany Prepares for Greek Insolvency
German Finance Minister Wolfgang Schäuble is making preparations for a Greek insolvency, according to newsweekly Der Spiegel.
His officials are reported to be preparing for...
CEO of EFSF Warns Standard of Living Will Fall for Greece
According to Reuters, Klaus Regling, CEO of the EFSF (i.e. European Financial Stability Facility) said during a discussion organized by the Social Policy Association...
Greece Wins Last-Minute Fresh Aid Pledges
Drowning in debt, Greece won the pledge of a new bailout on top of a July cashflow fix, but only after surrendering some of...
PM Briefs President on Eurogroup Summit Outcome
At a meeting with President of the Republic Karolos Papoulias on Monday, the Prime Minister briefed Papoulias on the outcome of the Eurogroup Summit...
Bloomberg Poll Predicts Greek Default
Most global investors predict that at least one nation will abandon the euro zone within five years and that Greece and Ireland will default,...