InfoAnda - Greece waits for its financial medicine

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

Analysis: Most companies won't be early adopters of Windows 8 | | 22 October 2012
Racism behind anger toward Obama: Carter | 16 September 2009
Clashes reported in Sudan flashpoint state | | 5 June 2011

Four students killed in Iraqi violence ahead of polls | 21 January 2009

Forum Views () Forum Replies ()

Read more with google mobile : Greece waits for its financial medicine

Yahoo! My Yahoo! Mail More Yahoo! Services Account Options New User? Sign Up Sign In Help Yahoo! Search web search Home Singapore Asia Pacific World Business Entertainment Sports Technology Greece waits for its financial medicine AFP - Monday, December 14 Send IM Story Print Having reassured his European partners, new Greek Prime Minister George Papandreou, pictured on December 11, now has to set about plugging the gaping hole in his country's finances without alienating the people who elected him. ATHENS (AFP) - – Having reassured his European partners, new Greek Prime Minister George Papandreou now has to set about plugging the gaping hole in his country's finances without alienating the people who elected him. But given the balance sheet facing his government and the sniping from his political rivals, that will be a difficult trick to pull off. Papandreou will on Monday set out his proposals to tackle the country's gaping 300-billion-euro (442-billion-dollar) debt, one reason why Fitch Ratings hit the country with a credit downgrade that shook the markets worldwide. With fears over the stability of the eurozone, Papandreou rushed to Brussels last week to reassure his European partners that Greece was "not about to default on its debts". That performance appears to have bought him some time. But by January, he will have to come up with the details of what he has pledged will be a tough economic rescue plan over three years. Greece's public deficit is still expected to surge to 12.7 percent of output this year -- well beyond the 3.0 percent limit imposed by the eurozone -- which amounts to 113 percent of gross domestic product. Economy Minister Louka Katseli meanwhile called for immediate reforms to convince the markets of Greece's willingness to sort out its finances, saying in remarks published Sunday there was no time to waste. "It is now that we must convince the markets of our determination to take the necessary measures to be able to clean up the budget, relaunch the economy and restructure our production," she said in the To Vima newspaper. Although Papandreou and Finance Minister George Papaconstantinou have a mountain to climb, both have suggested that the problem is at least in part about perception. "A number of our problems stem less from the absolute figures than the fact that nobody believes us any more because our statistics are false," the minister told Germany's Der Spiegel magazine in an interview due out Monday. That was why they would be giving the state statistical agencies their independence, Papaconstantinou added. In a similar vein, Papandreou said on Friday: "Our biggest deficit is our credibility deficit." He has ruled out going to the International Monetary Fund for aid, talking instead of a wage freeze for the highest-paid civil servants and of a halt to taking on new staff. But he vowed that he would be going after the tax evaders -- not the workers. Ahead of a meeting Tuesday with the leaders of all the political parties, Papandreou is trying to reassure the voters at home. But the conservatives, whom he beat in October's election, have already attacked the government for its lack of a coherent strategy. On the left meanwhile, the communists and radicals have accused the government of preparing "anti-popular" measures at the "dictate of Brussels". As Papandreou attempts to calm the waters at home, Papaconstantinou will visit his counterparts in Britain, France and Germany in a bid to convince them that the new socialist government can handle the crisis. A crucial part of his tour will be a meeting Wednesday in London with institutional investors. Saturday's papers were unconvinced. "The Papandreou method: sedatives inside and out," said the left-wing Eleftherotypia. The liberal Kathimerini said Brussels wanted more rigour. "Mr Papandreou needs to be clear and announce concrete measures," said Angelos Tsakanikas, head of research at IOBE, the Foundation for Economic and Industrial Research, a think tank funded by the Greek employers. "There will be resistance, but if the government succeeds in convincing people that these measure are going to bring more justice, people will follow, a lot are ready to even now," he added. Confronted with a delicate balancing act, the government had to manage its 2010 budget, which is forecast to register a 9.1 deficit, economist George Pagoulatos said. "But I wonder if the objective should not be more ambitious," he added. Recommend Send IM Story Print News Search Top Stories Dubai to pay debt with $10 billion aid from Abu Dhabi Fed likely to dampen speculation on early exit Greece waits for its financial medicine Nanomaterial used in cancer tests, medicine delivery Decades-old dioxins pollute river, divide US community More Top Stories » ADVERTISEMENT Most Popular Most Viewed Most Recommended Top British banker admits 'mistakes' on bonuses Tiger Woods' girlfriend apologizes in TV interview 'Whack A Banker' game proving a hit in Britain Dubai stocks maintain profits after break Fed likely to dampen speculation on early exit More Most Viewed » Global stocks mixed amid Dubai debt crisis Tiny magnetic discs could kill cancer cells: study Virgin unveils spaceship to offer space tourism Tiger Woods' girlfriend apologizes in TV interview Dubai blackout over debt plans to hit Gulf markets More Most Recommended » Elsewhere on Yahoo! Financial news on Yahoo! Finance Stars and latest movies Best travel destinations More on Yahoo! News Home Singapore Asia Pacific World Business Entertainment Sports Technology Subscribe to our news feeds Top StoriesMy Yahoo!RSS » More news feeds | What are news feeds? Also on Yahoo Answers Groups Mail Messenger Mobile Travel Finance Movies Sports Games » All Yahoo! Services Site Highlights Singapore Full Coverage Most Popular Asia Entertainment Photos Copyright © 2009 Yahoo! Southeast Asia Pte. Ltd. (Co. Reg. No. 199700735D). All Rights Reserved. Terms of Service | Privacy Policy | Community | Intellectual Property Rights Policy | Help

Other News on Monday, 14 December 2009
Israel funnels millions of dollars to settlements
Catalans vote in symbolic independence referendum
Campaign mocks treatment of Iran student leader
Leaders strike deal on Sudan democratic reforms
Berlusconi bloodied by hit to face, says he's fine |
Supreme leader says Iran's opposition violates law
US jobless rate 'could rise further'
Greek economy minister urges immediate reforms
With Gaza cease-fire, south Israel blossoms
Israel expels Jewish seminary from army deal |
Houston is first major US city to elect gay mayor
Iran's Khamenei issues stern warning to opposition
Iran's president pledges support to Hamas leader
PLO set to extend Abbas term as Palestinian leader
300 stuck temporarily on Disney World monorail
Turkmenistan-China pipeline to start Monday
`Princess and the Frog' hops to No. 1 with $25M
Nobel-winning economist dead at 94
NKorean weapons seizure could affect nuke talks
S Philippines grapples with crisis after crisis
Politics dominate Calif education reform effort
Turkmenistan-China gas pipeline to open Monday
Authorities: Rottweiler mauls, kills Fla. toddler
Thaksin back in Cambodia as Thai "spy" to be freed
Senator says opposition grows to Medicare buy-in
Taiwan fishermen 'fall victim to climate change'
Houston biggest US city to elect openly gay mayor
Senate to vote on $1.1 trillion spending bill
US-ENTERTAINMENT Summary
Disney's Princess charms weekend moviegoers |
Disney's "Princess" charms weekend moviegoers
Reggae star Buju Banton facing drug charge in Fla.
`Princess and the Frog' hops to No. 1 with $25M
Gunmen storm Afghan police post, kill 8: governor
Italian protester breaks Berlusconi's nose |
Italy's Berlusconi in hospital after attack
2009: the Year of Twitter and Facebook
Afghan war decision toughest of presidency: Obama
Fed likely to dampen speculation on early exit
Russia cuts gas to Armenia after bomb found: report |
Greece waits for its financial medicine
Accenture ends relationship with Tiger Woods
Afghan air strike wreaks more havoc in Germany
Nanomaterial used in cancer tests, medicine delivery
Conservative favored in Chile presidential run-off |
Mobile phone English lessons a hit in Bangladesh
Timeline of Iranian, North Korean nuclear programs
Decades-old dioxins pollute river, divide US community
Israel votes new funding for settlements
Democracy referendum plan heats up Hong Kong politics |
Kurds, Turkish nationalists clash in Istanbul
Low turnout in Catalan independence referendum |
Myanmar rebels grow more opium to buy arms: report |
Brown in Afghanistan vows new push to defeat Taliban
Iraq: No time to act after US tip before blasts
Kurds, Turkish nationalists clash in Istanbul |
Saudi opposition petitions for vote after floods
China blocks Sun TV signal in content crackdown |
Israel okays millions of dollars in aid to settlements
Highlights of UN resolution against NKorea
Thais extend North Korean arms cargo crew's detention
AP INVESTIGATION: Monsanto seed biz role revealed
Google to produce, sell own Nexus One phones: report |
US mulls Predator strikes in Pakistani cities: report
Kidney donor's night-before-surgery poem
Accenture ends relationship with Tiger Woods |
Nurses are key to matchmaking in kidney swap
Hardline Pakistani schools a draw for foreigners
Apple fires back at Nokia in patents battle |
Avalanche fears, clouds hamper search for climbers
Cambodia frees convicted Thai spy
Lieberman resists Medicare buy-in plan
Crew of NKorean weapons plane in Thai court
Venezuela's Chavez sees U.S. 'threat' over Iran ties
Plane crew held for 12 more days over weapons haul
Obamas join stars for Christmas benefit concert
Obama: Expect no more White House gate-crashers
Woman executed in China over child prostitution
China might not take climate change funding: FT
UN: 2 UN hostages freed from Darfur
Weather forecast for the Asia-Pacific region
46 injured in pileup of about 50 cars in Conn.
Johnny Depp can't get used to winning awards
Seoul shares turn up on Dubai news; builders rise
Toyota to start selling plug-in hybrids in 2011
Mercedes-Benz sees China sales up 15 pct in 2010
Korea Hot Stocks
Confidence up at Japanese manufacturers
Obama's brother turns down film role
Pakistan
Johnny Depp can't get used to winning awards
Japan's business confidence grows: central bank
Seoul shares turn lower; KOPEC jumps on debut
History miniseries takes on the Kennedys |
Taiwan dollar near flat in thin trade, eyes stocks
`Precious,' `Up,' `Hangover' make AFI top-10 list
Downey's Sherlock Holmes an action hero |
S.Korea Nov ind power demand growth at 8-yr high
L.A. critics honor Iraq war movie Hurt Locker |
Luxury travel business bounces back
NBC launching Chuck game |
`Hurt Locker' wins LA Critics' best-picture prize
Hundreds of Indian languages struggle to survive
Big US box office kiss for Disney's 'Frog Princess'
US-TECH Summary
EU warms to Oracle-Sun deal
Detained Americans to be tried in Iran: minister |
Insurgent foe's slaying shows cracks near Baghdad
Koalas, penguins at risk of extinction: study
Hi-tech, eco-friendly dream home takes shape in Japan
U.S. forces chief warns of Afghanistan fight |
Gunmen kill 16 police in Afghan ambushes
Jackson, Boyle and Tiger transfix in 2009
Cadbury says rejects 'inadequate' Kraft takeover bid
Bin Laden: symbolic icon in impenetrable fortress
Dubai to pay debt with $10 billion Abu Dhabi fund
Turk PM calls for unity after Kurdish party ban |
Pakistan seeks clues on jailed Americans |
Iran says makes arrests over torn Khomeini picture |
Will Ecuador drought dry up Correa's popularity? |
Motorized bar stool from DUI case fetches $1,125
DNA map shows pandas may lack meat taste buds
Katrina recovery was test of ability to adapt
Beijing cuts broadcaster's signal amid media crackdown
EU warms to Oracle-Sun deal |
Iran to put three US hikers on trial
Accenture ends relationship with Tiger Woods |
Democracy "referendum" plan heats up HK politics
Boxer's opponents capitalize on 'ma'am' exchange
U.S. envoy says no timetable yet for North Korea talks
Gaps in DNA databanks have led to tragedy
NBA launches Web, mobile sites for fans in India |
Pakistan police probe Americans in terror case
NATO: Top US defense official visits Afghanistan
Accenture marks 1st sponsor to cut ties with Woods
Protest widens against creation of new Indian state
Clinics help people represent themselves in court
Philippine troops kill one militant after jailbreak
Obama to meet with bankers, then Lebanon's leader
Cambodia frees Thai 'spy' after pardon by king
26 operations, 13 kidneys: hope to few with little
16 policemen killed in 2 attacks in Afghanistan
Korean derivative funds rebound sharply; risks eyed
Toyota aims to roll out plug-in Prius in two years
`Avatar' joins tradition of the Hollywood colossus
China unveils landmark Turkmenistan pipeline
Coal still king in China, despite climate pledge
India inflation hit 4.8 percent in November
S.Lanka set for record current account surplus
Confidence grows at Japanese manufacturers
Golden Globes nominations launch Oscars race
India's gold retailers jump on the 'brandwagon'
History miniseries takes on the Kennedys
Downey's "Sherlock Holmes" an action hero
NBC launching "Chuck" game
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