ECB digs in on rates, Greece, provides cover for Portugal
The European Central Bank stuck to its guns Thursday, hiking interest rates to tame inflation, its main responsibility, and offering help for Portuguese banks to better fight the eurozone debt crisis.
Read more on AFP News via Yahoo! Singapore News
German banks agree to help Greece
Germany’s financial institutions will contribute €3.2-billion
Read more on The Globe and Mail
Greece to present new austerity plan
ATHENS, June 2 — Greece intends to present a fresh austerity plan tomorrow and expects its next aid tranche to flow, a government official said, after Moody’s cut the country’s credit rating deep into junk territory. The budget plan will include a faster pace of privatisation and €6.4 billion (RM28 [...]
Greece close to bailout deal
Greece has agreed to €6.4 billion in new measures to cut its 2011 budget deficit and aims to wrap up bailout talks with international inspectors by tomorrow, a senior government official confirmed today.
Read more on The Irish Times
Greece Reality Check – Euro Crises Worsens As E.U. Leaders Play For Time
Europe’s leaders are still opposing a Greek debt restructuring, and they are exacerbating the euro crisis as a result. The Greek economy is at risk of collapse and resistance to further loans for the troubled nation is mounting. The continent urgently needs a [...]
Dow plunges nearly 900 points on Greece debt worries
In one of the most dizzying half-hours in stock market history, the Dow Jones industrial average has plunged nearly 1,000 points amid worries about…
Read more on The News-Press
Stocks plunge, partially recover on concerns about Greece
NEW YORK – The stock market had one of its most turbulent days in history as the Dow Jones industrials dropped…
Read more on Boston Herald
(AFX UK Focus) 2010-05-04 12:15 EMERGING MARKETS-Weaker on Greece woes; rate cut hurts leu
By Carolyn Cohn
Read more on Interactive Investor
(AFX UK Focus) 2010-05-03 12:52 US STOCKS-Futures higher on Greece deal, mega airline merger
NEW YORK, May 3 (Reuters) – U.S. stock index futures rose on Monday as investors welcomed details of a fiscal aid package for Greece and focused on a merger that would create the world’s largest airline.
Read more on Interactive Investor
Stocks extend plunge on concerns about Greece – Thu, 06 May 2010 PST
The stock market had one of its most turbulent days in history as the Dow Jones industrials dropped almost 1,000 points in less than half an hour on fears that Greece’s debt problems could halt the global economic recovery.
Read more on The Spokesman-Review