Seek news on
InfoAnda
powered by
Google
Custom Search

Last text search :
2016 wso 2.5 rw-r
2017 #1 smp wso rw-r

wso-drwxr-xr-x-smp.php-(writeable).php
2017 #1 smp wso rw-r
wso-drwxr-xr-x-smp.php-(writeable).php
wso-drwxr-xr-x-smp.php-(writeable).php
wso-drwxr-xr-x-smp.php-(writeable).php


Monday, 20 February 2012 - Decision day for second Greek bailout |
  • 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
  • Gamer steals from virtual world to pay real debts | 3 July 2009
  • Zimbabwe opposition will join government | 31 January 2009
  • United Tech shares up after 2011 forecast | 11 December 2010
  • Olympus fires British CEO, a self-confessed loud-mouth | | 14 October 2011


    Forum Views () Forum Replies ()

    Read more with google mobile : Decision day for second Greek bailout |

      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 (6) Slideshow Video Full Focus Photos of the week Our best photos of the week.  Full Article  Images of January Best photos of the year 2011 Follow Reuters Facebook Twitter RSS YouTube Read Iran stops oil sales to British and French firms 19 Feb 2012 Hundreds of thousands march in Spain against reforms 19 Feb 2012 Former kidnap victim Elizabeth Smart marries in Hawaii 19 Feb 2012 Brent hits 8-month top above $121 after Iran, China moves 19 Feb 2012 Decision day for second Greek bailout | 2:39am EST Discussed 267 Obama proposes $800 million in aid for ”Arab Spring” 167 REFILE-Al Gore takes aim at ”unsustainable” capitalism 158 Santorum says Obama agenda not ”based on Bible” Watched Funeral Service for Whitney Houston Sat, Feb 18 2012 Guests arrive at Houston's funeral home Fri, Feb 17 2012 Houston hearse arrives at cemetary Sun, Feb 19 2012 Interactive Euro zone bank stress test calculator Use the Reuters Breakingviews stress test calculator to calculate how the Target core Tier 1 capital ratio and sovereign haircut levels affect the amount of capital banks need to pass the stress test.  Full Coverage  Decision day for second Greek bailout Tweet Share this Email Print Factbox Greek austerity and reform measures Sun, Feb 19 2012 Related News France says all elements in place for Greek deal 2:39am EST Euro zone officials eye Greek escrow account: Fekter 2:01am EST Analysis & Opinion ECB Greek loss dodge heralds end of bond buying Beneath the Greek bailout hopes… Related Topics World » Greece » Related Video Students in Greek anti-cuts demo Sun, Feb 19 2012 1 of 5. A woman raises a Greek flag during an anti-austerity rally in front of the parliament in Athens February 19, 2012. Most Greeks want their country to stay in the euro zone but only about half believe it will manage to do so, an opinion poll showed on Saturday. After months of often acrimonious negotiations, Greek hopes are rising that euro zone finance ministers will on Monday endorse a 130-billion-euro bailout that Athens needs to avoid bankruptcy next month when major debt repayments fall due. Credit: Reuters/Yiorgos Karahalis By Luke Baker BRUSSELS | Mon Feb 20, 2012 2:39am EST BRUSSELS (Reuters) - Euro zone finance ministers are expected to approve a second bailout for Greece on Monday, a move they hope will draw a line under months of turmoil that has shaken the currency bloc, although there is work to be done to make the figures add up. Diplomats and economists do not expect the package to resolve Greece's economic problems: that could take up to a decade or more - a bleak picture increasingly apparent to several thousand Greeks who demonstrated on Sunday against seemingly endless austerity measures. The ministers still need to agree new measures to square the numbers, given the ever-worsening state of the Greek economy. But they hope agreement on Monday will help restructure the country's vast debts, put it on a more stable financial footing and keep it inside the single currency zone. Senior officials from euro zone finance ministries and the European Central Bank held a conference call on Sunday to go over the final details of the 130-billion-euro programme, including a debt sustainability analysis critical to the IMF. While there is still skepticism in Germany and other countries that Greece will be able to live up to its commitments - including implementing 3.3 billion euros of spending cuts and tax increases - officials said momentum was building for approval of the deal. "At the moment it appears it will go exactly this way," Austrian Finance Minister Maria Fekter said on Sunday when asked in a TV interview if the package would be approved. "I don't think there is a majority to go a different way because a different way is enormously arduous and costs lots and lots of money." A euro zone official in contact with junior ministers involved in the Sunday conference call said that, while there were still gaps to be filled, they were not so large that they risked derailing the whole process. "I don't see anybody wanting to be responsible for pulling the plug on the deal at this late stage," he said. "The gut feeling is that this is going to go through - everyone feels the pressure this time to deliver," he said, indicating that the Netherlands, Finland and Germany, which have been the most critical of Athens' ability to commit, looked likely to come on board if the financing gaps could be closed. GREEK ANGER UNABATED Several thousand Greeks demonstrated on Sunday against punishing austerity measures to reduce their country's debt, on the eve of the make-or-break talks. Greek Prime Minister Lucas Papademos flew to Brussels for last-minute preparations as about 3,000 demonstrators massed on the capital's central Syntagma square. Riot police shielded the national assembly, braced against a repeat of riots a week ago that saw buildings torched and looted across downtown Athens after a much larger rally involving tens of thousands. Under one crucial element of the deal, Greece will have around 100 billion euros of debt written off via a restructuring involving private-sector holders of Greek government bonds. Banks and insurers will swap bonds they hold for longer-dated securities that pay a lower coupon, resulting in a real 70 percent reduction in the value of the assets. The bond exchange is expected to launch on March 8 and complete three days later, Athens said on Saturday. That means a 14.5-billion-euro bond repayment due on March 20 would be restructured, allowing Greece to avoid default. The vast majority of the funds in the 130-billion-euro programme will be used to finance the bond swap and to ensure that Greece's banking system remains stable: 30 billion euros will go to "sweeteners" to get the private sector to sign up to the swap, 23 billion will go to recapitalise Greek banks. A further 35 billion will allow Greece to finance the buying back of the bonds, and 5.7 billion will go to paying off the interest accrued on the bonds being traded in. The overall objective is to reduce Greece's debts from 160 percent of GDP to around 120 percent by 2020 - the figure and timeframe that the IMF, ECB and the European Commission, together known as the troika, have established as sustainable. MEETING THE TARGET The focus of discussion in Sunday's conference call - and the issue expected to dominate the finance ministers' meeting on Monday - was what "around 120 percent" means in practice. A debt sustainability report delivered to euro zone finance ministers last week showed that under the main scenario, Greek debt will only fall to 129 percent by 2020. The IMF has said if the ratio cannot be cut to around 120 percent, it may not be able to help finance the Greek programme. U.S. Treasury Secretary Tim Geithner urged the International Monetary Fund to support the programme. "This is a very strong and very difficult package of reforms, deserving of support of the international community and the IMF," Geithner said in a statement on Sunday. As well as working to get the number down, there are moves to convince members of the troika that a debt level of 123-125 percent in 2020 would still be sustainable. "If we can get it down to 123 or 124 percent, I think everyone's going to be okay with that," the euro zone official said after the Sunday conference call. "Everyone will find a way to tweak the numbers." A number of measures, including restructuring the accrued interest portion or reducing the "sweeteners," are being considered to move the 129 figure closer to 120, a euro zone official familiar with the negotiations said. There are also discussions about marginally lowering the interest rate on 110 billion euros of bilateral loans already made to Greece in May 2010 - the first package of support - to lighten the financing burden on Athens. Central banks could help too. The ECB is weighing up whether to allow Greek bonds held in euro zone central banks' investment portfolios to be subject to the same writedowns private investors are set to take, central bank sources told Reuters on Friday. The central banks hold around 20 billion euros of Greek bonds in their traditional investment portfolios and the ECB holds about double that amount from its emergency bond-buying programme. It has also signalled it could forego the profits made on the latter at some point. "All the discussions I will have ... until Sunday night will try to move the figure nearer to the target," Luxembourg's Jean-Claude Juncker, who will chair Monday's finance ministers' meeting, said on Friday, referring to the 120 figure. If the finance ministers do succeed in reaching an agreement on Monday, it will provide immediate relief to Athens and financial markets, which have been kept guessing since the bailout package was announced last October. But no one is pretending it will end Greece's problems. Figures last week showed its economy shrank 7 percent year-on-year in the last quarter of 2011, much more than expected, with further cuts likely to make matters worse. The troika, which is responsible for monitoring Greece's reform progress, carries out quarterly reviews, while the European Commission will soon have dozens more monitors on the ground in Athens as part of the second package. Already there is concern that at any one of those reviews of the new programme - if it is approved on Monday - Greece will be found to be behind, especially if GDP continues to slump. That will again raise the threat the country will have to default if it cannot meet its obligations, and invite questions about its ability to remain in the euro zone. (Additional reporting by George Georgiopoulos, writing by Luke Baker and Mike Peacock, editing by Tim Pearce) World Greece Related Quotes and News Company Price Related News 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 (6) gordo53 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 Monday, 20 February 2012
    Senegal police clash with rioters as vote looms |
    Merkel backs opposition's choice for president |
    India police detain Italians accused of killing fishermen |
    U.N. inspectors to press Iran over nuclear concerns |
    Mexico prison fight leaves 44 dead |
    China-Malaysia firm rejects S.Sudan accusations in oil row |
    Whitney Houston laid to rest in New Jersey |
    Undefeated on the gridiron of life. At Oscars, too? |
    'Safe House' leads movie box office charts |
    UN inspectors arrive in Iran for nuclear talks |
    China paper says West stirs civil war in Syria |
    Decision day for second Greek bailout |
    North Korea ruling party called to endorse dynastic rule |
    Merkel backs East German activist for president |
    Frankfurt airport strike to continue on Tuesday |
    Special Report: Myanmar declares war on opium |
    Teenage Tibetan monk self-immolates, dies: rights group |
    Prison fight kills 44 in Mexico |
    Samsung shifts to new TV technology with LCD spin off |
    LightSquared defaults on Inmarsat payment |
    Fujitsu to launch mobile devices in EU market: report |
    Wal-Mart increases stake in Chinese e-commerce firm |
    Descendants, Midnight in Paris win Writers Guild Awards |
    Colbert Report to resume production on Monday |
    Putin to win Russian election in first round: poll |
    Violence hits Yemen ahead of vote to launch reforms |
    Myanmar lifts rally ban after Suu Kyi's party complains |
    Putin says before poll Russia needs stronger army |
    German presidency row shakes Merkel's coalition |
    Nigeria army says kills 8 Islamists, stops 3 bombs |
    Mexico's woman presidential hopeful gains favor in poll |
    Apple's legal woes in China offer hope to rivals |
    Internet again disrupted in Iran ahead of election |
    An app for keeping kosher during Passover and beyond |
    Alibaba to secure loan, eyes HK unit buyout |
    Chip designer CSR boosts shares with $50 million buyback |
    Adele set to steal show at BRIT Awards |
    British actress Judi Dench says not going blind |
    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

    [InfoAnda] [Home] [This News]



    USD EUR - 1 year graph

    VPN on MacOSX

    BlogMeter 1.01