Tag Archive | "greece"

Qatar groups quit Greek energy project

Two companies from the Gulf state of Qatar are pulling out of a €3.5bn energy project in Greece, dealing a blow to the government’s hopes of attracting foreign investment to pull the country out of recession

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Greece raises $1.63B in debt sale at lower cost (AP)

AP – Greece raised euro1.17 billion ($1.63 billion) Tuesday by selling 13-week treasury bills in an auction that saw lower borrowing rates than a similar issue last month — modest progress in overcoming its debt crisis.

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Greece raises $1.6B in oversubscribed debt sale (AP)

AP – Greece raised euro1.17 billion ($1.63 billion) Tuesday in a sale of 26-week treasury bills that was both oversubscribed and saw a drop in borrowing costs.

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Greece to keep to bailout terms in 2011 budget: minister (AFP)

Greece will stick to the tough terms of its massive EU-IMF bailout and further tighten austerity measures in its 2011 budget, Finance Minister George Papaconstantinou, pictured in September 2010, said Sunday.(AFP/File/Louisa Gouliamaki)AFP – Greece will stick to the tough terms of its massive EU-IMF bailout and further tighten austerity measures in its 2011 budget, Finance Minister George Papaconstantinou said Sunday.

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China’s Wen vows to boost cooperation with Greece

ATHENS (Reuters) – Premier Wen Jiabao said he expected China’s ties with Greece would be expanded in all areas as he arrived in Athens on Saturday for a two-day visit to the crisis-hit country.

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Piraeus retracts offer for state lenders

Greece’s fourth-largest bank has withdrawn a €701m proposal to acquire majority stakes in two lossmaking banks, saying the government was taking too long to make up its mind

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EU proposes tougher budget rules (AP)

AP – The European Commission is proposing new penalties for countries that spend too much in the hope of preventing another government debt crisis like the one that forced an international financial bailout of Greece.

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Debt auctions fail to dent the euro’s rally

The euro climbs after a number of debt auctions in the eurozone showed there was still demand for assets from the likes of Greece, Ireland and Spain

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Euro jumps in response to successful bond auctions (AFP)

The euro rose on news of successful bond auctions in Ireland, Greece and Spain, ahead of an eagerly-awaited interest rate decision from the US Federal Reserve.(AFP/File/Samuel Kubani)AFP – The euro rose on Tuesday on news of successful bond auctions in Ireland, Greece and Spain, ahead of an eagerly-awaited interest rate decision from the US Federal Reserve.

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Greece delays stress tests ahead of NBG rights deal (Reuters)

Reuters – Greece will delay stress testing of its banks until October to allow its largest lender to complete a big rights issue, part of efforts to begin financing its economy again on international markets.

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