InfoAnda - It's bailout or chaos, PM Papademos tells Greece |

Pakistanis angry over detentions in Times Sq. case
Monday, May 24, 2010
ISLAMABAD – Relatives of three men detained by Pakistan for alleged links to the suspect in the attempted Times Square bombing say the men are innocent.
They

Taiwan denies boycotting Australian film festival
Thursday, August 6, 2009

AFP - Thursday, August 6TAIPEI (AFP) - - Taiwan's Beijing-friendly government on Wednesday denied boycotting an Australian film festival amid a row over the e

Merkel's support dips, regional ally resigns International
Thursday, September 3, 2009

By Sarah Marsh and Noah Barkin

BERLIN (Reuters) - Chancellor Angela Merkel suffered a double blow on Thursday as a senior party ally in east German

Minister seeks closure of anti-Berlusconi websites
Wednesday, December 16, 2009
ROME (AFP) - – The Italian government moved Tuesday to close down Internet sites encouraging further violence against Prime Minister Silvio Berlusconi, who

Asian markets mixed after Wall Street rally
Wednesday, March 18, 2009

By ELAINE KURTENBACH,AP Business Writer AP - Wednesday, March 18SHANGHAI - Asia's stock market rally seemed to be running out of steam Wednesday, despite an

New Zealand defeat Sevens pacesetters England | 11 December 2010
Afghan attacks kill US civilian, service member | 18 August 2009
Pakistan rejects fears over its nuclear weapons | | 1 December 2010

Do Asia PC firms' tablet aims justify investor faith? | | 18 November 2010

Forum Views () Forum Replies ()

Read more with google mobile : It's bailout or chaos, PM Papademos tells Greece |

Edition: U.S. Africa Arabic Argentina Brazil Canada China France Germany India Italy Japan Latin America Mexico Russia Spain United Kingdom Home Business Business Home Economy Technology Media Small Business Legal Deals Earnings Summits Business Video The Freeland File Markets Markets Home U.S. Markets European Markets Asian Markets Global Market Data Indices M&A Stocks Bonds Currencies Commodities Futures Funds peHUB World World Home U.S. Brazil China Euro Zone Japan Mexico Russia India Insight World Video Reuters Investigates Decoder Politics Politics Home Election 2012 Issues 2012 Candidates 2012 Tales from the Trail Political Punchlines Supreme Court Politics Video Tech Technology Home MediaFile Science Tech Video Tech Tonic Opinion Opinion Home Chrystia Freeland John Lloyd Felix Salmon Jack Shafer David Rohde Bernd Debusmann Nader Mousavizadeh Lucy P. Marcus David Cay Johnston Bethany McLean Edward Hadas Hugo Dixon Ian Bremmer Mohamed El-Erian Lawrence Summers Susan Glasser The Great Debate Steven Brill Geraldine Fabrikant Jack & Suzy Welch Breakingviews Equities Credit Private Equity M&A Macro & Markets Politics Breakingviews Video Money Money Home Tax Break Global Investing MuniLand Unstructured Finance Linda Stern Mark Miller John Wasik James Saft Analyst Research Alerts Watchlist Portfolio Stock Screener Fund Screener Personal Finance Video Money Clip Investing 201 Life Health Sports Arts Faithworld Business Traveler Entertainment Oddly Enough Lifestyle Video Pictures Pictures Home Reuters Photographers Full Focus Video Reuters TV Reuters News Article Comments (11) Slideshow Video Full Focus Photos of the week Our top photos from the past week. Full Article Images of January Best photos of the year 2011 Follow Reuters Facebook Twitter RSS YouTube Read Whitney Houston found dead in Calif. hotel, age 48 | 2:51am EST UPDATE 4-Award-winning singer Whitney Houston dies at age 48 11 Feb 2012 It's bailout or chaos, PM Papademos tells Greece | 2:30am EST Former New Orleans Mayor Ray Nagin under investigation: source 11 Feb 2012 5 Journalists Arrested at Rupert Murdoch's Sun Newspaper (Updated) 11 Feb 2012 Discussed 492 FBI warns of threat from anti-government extremists 162 House Speaker Boehner vows to stop Obama contraceptive rule 127 Santorum wins Missouri Republican primary, TV networks projects Watched Huge baby shocks parents Tue, Feb 7 2012 Whitney Houston dies Sat, Feb 11 2012 Bad weather shifts ill-fated Concordia on the rocks Sat, Feb 11 2012 It's bailout or chaos, PM Papademos tells Greece Tweet Share this Email Print Factboxes Greek austerity and reform measures Sat, Feb 11 2012 Euro zone debt crisis: coming events Sat, Feb 11 2012 Related News Timeline: Greece's debt crisis Sat, Feb 11 2012 Analysis & Opinion Greece’s interest burden, post-PSI, will remain huge Italy’s revival brings little joy to fund managers Related Topics World » Greece » Related Video Greeks plan second day of strikes Sat, Feb 11 2012 Clashes in Greece over bailout demands EU demands more from Greece Greek anger causes Wall St. jitters 1 of 12. Greek Prime Minister Lucas Papademos addresses the nation during a televised speech in Athens February 11, 2012. Credit: Reuters/Yannis Behrakis By Harry Papachristou and Matt Robinson ATHENS | Sun Feb 12, 2012 2:30am EST ATHENS (Reuters) - Greek Prime Minister Lucas Papademos has told lawmakers to back a deeply unpopular international financial rescue in a vote Sunday or condemn the country to "uncontrolled economic chaos and social explosion." He made the statement in a televised address to the nation ahead of the vote on 3.3 billion euros ($4.35 billion) in wage, pension and job cuts - the price of a 130-billion-euro bailout from the European Union and International Monetary Fund. Papademos said parliament had a historic responsibility to back the bill, or face catastrophic consequences if Greece misses a March 20 deadline to service its debt. "A disorderly default would set the country on a disastrous adventure," he said. "It would create conditions of uncontrolled economic chaos and social explosion." "The country would be drawn into a vortex of recession, instability, unemployment and protracted misery and this would sooner or later lead the country out of the euro." On a day of dire warnings and stormy debate, leaders of the ruling coalition told uneasy lawmakers Saturday to support the bill or be dropped from party lists for an election that could come by April. Athens faces a March 20 deadline to meet debt repayments of 14.5 billion euros. If the rescue package is put in place, its private sector creditors will have to accept a 70 percent reduction in the value of their holdings. The effort to ease Greece's huge debt burden has brought thousands into the streets in protest, and there are signs of a small rebellion among lawmakers made nervous by the extent of the cuts and by how voters might punish them in the next election. At least 20 deputies from the two main parties in the Papademos coalition threatened Saturday to vote 'No' - but the bulk of the coalition's 236 MPs are still all but certain to approve the package. Six members of his cabinet have resigned. More demonstrations are expected in front of the parliament on Sunday, after clashes between police and black-masked protesters Friday. DEBT SWAP The assembly's finance committee approved the bill on Saturday. Sunday's debate in the full 300-seat chamber begins at 1200 GMT, and a vote is expected late in the evening. The measures include 300 million euros in pension cuts and a 22 percent reduction in the minimum wage, which currently stands at about 750 euros per month. The bill aims to cut Greece's bloated state sector workforce by about 150,000 people by 2015. It also provides for a bond swap to ease Greece's debt burden by cutting the real value of private investors' bond holdings by some 70 percent. Finance Minister Evangelos Venizelos said the deal had to be approved by Sunday or the country would miss a February 17 deadline to submit the debt swap offer to its private-sector bondholders. Euro zone finance ministers also expect Greece to explain by then how 325 million euros ($430 million) out of this year's total budget cuts -- as yet unspecified -- will be achieved before it agrees to the bailout. Bailout documents released Friday left blank the amount of the full rescue package, and Venizelos said Greece might need 15 billion euros more to save the country's banks, confirming estimates from EU officials. The EU and IMF have been exasperated by a series of broken promises and weeks of wrangling over the bailout. They say they will not release the aid without clear commitments by the main party leaders that reforms will be implemented, whoever wins the next election. (Editing by Michael Roddy) World Greece Tweet this Link this Share this Digg this Email Reprints We welcome comments that advance the story through relevant opinion, anecdotes, links and data. If you see a comment that you believe is irrelevant or inappropriate, you can flag it to our editors by using the report abuse links. Views expressed in the comments do not represent those of Reuters. For more information on our comment policy, see http://blogs.reuters.com/fulldisclosure/2010/09/27/toward-a-more-thoughtful-conversation-on-stories/ Comments (11) Harry079 wrote: Edition: U.S. Africa Arabic Argentina Brazil Canada China France Germany India Italy Japan Latin America Mexico Russia Spain United Kingdom Back to top Reuters.com Business Markets World Politics Technology Opinion Money Pictures Videos Site Index Legal Bankruptcy Law California Legal New York Legal Securities Law Support & Contact Support Corrections Advertise With Us Connect with Reuters Twitter Facebook LinkedIn RSS Podcast Newsletters Mobile About Privacy Policy Terms of Use Copyright Our Flagship financial information platform incorporating Reuters Insider An ultra-low latency infrastructure for electronic trading and data distribution A connected approach to governance, risk and compliance Our next generation legal research platform Our global tax workstation Thomsonreuters.com About Thomson Reuters Investor Relations Careers Contact Us Thomson Reuters is the world's largest international multimedia news agency, providing investing news, world news, business news, technology news, headline news, small business news, news alerts, personal finance, stock market, and mutual funds information available on Reuters.com, video, mobile, and interactive television platforms. Thomson Reuters journalists are subject to an Editorial Handbook which requires fair presentation and disclosure of relevant interests. NYSE and AMEX quotes delayed by at least 20 minutes. Nasdaq delayed by at least 15 minutes. For a complete list of exchanges and delays, please click here.

Other News on Sunday, 12 February 2012
Pressure builds for probe into Maldives' crisis |
Top U.S. general discusses NGO case in Cairo |
Bahraini police fire teargas at protesters |
Over 100,000 rally in Lisbon against austerity |
Tunisian secular parties merge to face Islamists |
Protests erupt across Europe against web piracy treaty |
Spanish thriller dredges up dark childhood secret |
Communist East Germany back in haunting new film |
Celebs find Fashion Week runways can be slippery |
Al Qaeda leader backs Syrian revolt against Assad |
It's bailout or chaos, PM Papademos tells Greece |
Afghans fret flight of hard cash a sign of things to come |
Fidel Castro meets intellectuals in 9-hour meeting |
Japanese emperor to undergo bypass heart surgery |
Whitney Houston found dead in Calif. hotel, age 48 |
Rockets hit Homs opposition as Arab ministers meet |
Charges against president politically motivated: Pakistan PM |
Chinese envoy visits Tehran for nuclear talks |
Kabila aide dies, minister hurt in DRC plane crash |
Islamist militants execute three men in south Yemen |
Maldives' new president expands cabinet amid crisis |
Saif Gaddafi to be moved to Tripoli, then tried |
Venezuela opposition picks candidate to face Chavez |
Tibetan nun dies after sets self on fire: activists |
Grammy party turns to tribute for late Whitney Houston |
Streep set for BAFTA glory in home of Iron Lady |
Oscar organizers honor film science, technology |
Greece at new risk of being pushed off euro
Bodies of missing Tenn. mom, Jo Ann Bain, and daughter found
Female Breasts Are Bigger Than Ever
AMD Trinity Accelerated Processing Units Now in Volume Production
The Avengers (2012 film), made the second biggest opening- and single-day gross of all-time
AMD to Start Production of piledriver
Ivy Bridge Quad-Core, Four-Thread Desktop CPUs
Islamists Protest Lady Gaga's Concert in Indonesia
Japan Successfully Broadcasts an 8K Signal Over the Air
ECB boosts loans to 1 trillion Euro to stop credit crunch
Egypt : Mohammed Morsi won with 52 percent
What do you call 100,000 Frenchmen with their hands up
AMD Launches AMD Embedded R-Series APU Platform
Fed Should not Ignore Emerging Market Crisis
Fed casts shadow over India, emerging markets
Why are Chinese tourists so rude? A few insights

USD EUR - 1 year graph		BlogMeter 1.01