InfoAnda - Strikes hit Greece and Spain as ECB deadline looms |

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

Sri Lanka plans to withdraw wartime restrictions | 4 May 2010
Syria says spy helped Israel kill Hezbollah chief | | 18 September 2011
Israeli police break up Yeshiva scam | 22 November 2010

Hyundai Motor may win bidder status for construction firm | 22 December 2010

Forum Views () Forum Replies ()

Read more with google mobile : Strikes hit Greece and Spain as ECB deadline looms |

Edition: U.S. Article Comments (1) Slideshow Save Email Print Reprints Most Popular Most Shared China denies military exercise aimed at U.S. 5:53am EDT Iran sees no risk to gasoline imports, official says 6:22am EDT Russia says U.S. spy charges baseless and improper | Video 11:48am EDT Megan Fox marries in Hawaii: report 3:17am EDT Singer murdered after denying he was dead 11:41am EDT Trapped drunk driver opens another beer as awaits rescue 23 Jun 2010 Russia alarmed by CIA view of Iran's weapons 27 Jun 2010 Wall Street tumbles after drop in consumer confidence 11:10am EDT Analysis: Doing nothing might have been best for oil spill 28 Jun 2010 Sandra Bullock, Jesse James finalize divorce | Video 28 Jun 2010 Trapped drunk driver opens another beer as awaits rescue 23 Jun 2010 Analysis: Doing nothing might have been best for oil spill 28 Jun 2010 China denies military exercise aimed at U.S. 5:53am EDT Elevation Partners buys $120 million in Facebook shares 11:12am EDT Special Report: How some textile mills sidestepped Armageddon 1:58am EDT UAE freezes 41 Iran-linked bank accounts-report 28 Jun 2010 Russia says U.S. spy accusations baseless and improper | Video 10:15am EDT Steve Carell "resigning" from "The Office" next year 28 Jun 2010 U.S. intelligence community debates China's bond holdings 23 Jun 2010 FDA recommends new limits on livestock drugs 28 Jun 2010 Strikes hit Greece and Spain as ECB deadline looms Renee Maltezou and Krista Hughes ATHENS/FRANKFURT Tue Jun 29, 2010 10:31am EDT Factbox Factbox: European workers hold anti-austerity protests 10:31am EDT Related News Timeline: Euro zone debt crisis 10:31am EDT Greek police and marchers clash 10:31am EDT Striking workers force closure of Madrid metro 10:31am EDT 1 / 14 Protesters beat a riot policeman during a rally against government austerity measures in Athens June 29, 2010. Credit: Reuters/John Kolesidis ATHENS/FRANKFURT (Reuters) - Strikes in Greece and Spain highlighted resistance to Europe-wide austerity measures on Tuesday as the euro and shares tumbled ahead of a deadline for banks to repay a giant European Central Bank cash injection. World | Greece The fifth major strike this year by Greek unions disrupted tourism and public transport in protest at planned pension cuts and later retirement, while Spanish workers shut down Madrid's metro system in anger at a 5 percent public sector pay cut. Riot police in Athens fired teargas at a group of black-hooded youths hurling stones and petrol bombs and chanting "Burn parliament," hours before lawmakers were due to debate the sweeping EU/IMF-mandated pension reform. Public and private sector unions announced plans for a new 24-hour stoppage in early July over the pension plan. But turnout at Tuesday's protest marches was down to about 12,000, suggesting a growing, sullen resignation to austerity. The risk premium on southern European government bonds over benchmark German bunds widened and the cost of insuring their debt against default rose as investors fled risks from the wider repercussions of the Greek debt crisis at the end of the quarter, a frequent period of stress. Euro zone policymakers sought to reassure markets that Thursday's crunch time for banks to repay a record 442 billion euro ($539.4 billion) one-year liquidity injection would be managed smoothly. Spanish Economy Minister Elena Salgado said she hoped the ECB was aware of the situation of her country's stressed banks, some of which have been shut out of inter-bank lending due to worries over bad debts and public finances. "The ECB says it doesn't like governments to tell it what to do. I simply say I hope that in this occasion, as in others, the ECB will be aware of the needs of the Spanish financial system," Salgado told Spanish radio. Thursday's repayment deadline coincides with the automatic date for some index-linked funds to dump Greek bonds from their portfolio after they were downgraded to junk status by ratings agency Standard & Poor's in June. "The ECB and the Eurosystem will do what is necessary to make sure the liquidity is there," ECB Governing Council member Christian Noyer told France's Europe 1 radio. "You shouldn't exaggerate things or be excessively worried," he said of potential problems in money markets, while conceding that some banks may suffer. His colleague Ewald Nowotny said the ECB was committed to offering extra funds to ensure there is no liquidity squeeze. The central bank has said it will provide unlimited three-month liquidity at its base rate of 1 percent until the end of the year, effectively putting its exit strategy from exceptional crisis-induced liquidity provision on hold. SPANISH FURY? Banks in Spain, Portugal and Greece have become disproportionately dependent on ECB funds because of difficulty accessing private sector financing due to concerns about their exposure to their country's sovereign and private debt. The Greek central bank reported on Tuesday that bank deposits by Greek businesses and households dropped in May for the fifth consecutive month to 220 billion euros, bringing cumulative deposit losses this year to 18 billion euros. The Financial Times reported that Spanish banks were furious the 12-month scheme would not be rolled over and wanted the ECB to offer more longer-term loans. The health of Spain's banking sector has been a concern for international investors since a decade-long housing bubble burst, ushering in the worst recession in half a century. While Greece has received a 110-billion-euro bailout from the euro zone and the International Monetary Fund in return for deep austerity measures to cut its huge deficit, Spain and Portugal are implementing milder budget cuts to try to avoid recourse to a 750 billion euro financial safety net. In another indication of rising stress, the Euribor rates at which banks lend to each other in euros hit their highest levels in more than nine months on Tuesday ahead of the ECB deadline. Concerns about liquidity supply helped push the euro to a lifetime low against the Swiss franc and a 1-1/2-year low against sterling. European shares fell to their lowest in nearly three weeks with the main pan-European share index down 2.3 percent by mid-afternoon and Wall Street also saw a sharp fall. Investors are concerned that the combination of coordinated austerity measures across Europe and unresolved bank debts could derail a fragile economic recovery. In a rush to reassure investors that some of the continent's biggest banks are healthy, sources in Germany said the first three German banks to be subjected to European stress tests -- Deutsche Bank, Commerzbank and BayernLB -- had passed the test of their ability to withstand financial shocks. They did not disclose the risk criteria. Euro zone economic sentiment improved slightly in June after falling sharply the previous month at the peak of uncertainty over a euro zone rescue fund. (Additional reporting by Ingrid Melander in Athens, Blanca Rodriguez and Sonya Dowsett in Madrid, Crispian Balmer in Paris, Marcin Grajewski in Brussels; writing by Paul Taylor, editing by Jason Neely/Ruth Pitchford) World Greece Comments See All Comments (1) | Post Comment Jun 29, 2010 8:45am EDT Even with all it’s complications, it is time to drop the Euro. Let the countries that are in trouble devalue their currencies, which is not possible with one currency. AlexVallas Report As Abusive See All Comments (1) Add a Comment *We welcome comments that advance the story directly or with relevant tangential information. We try to block comments that use offensive language or appear to be spam and review comments frequently to ensure they meet our standards. 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. © Copyright 2010 Thomson Reuters Editorial Editions: Africa Arabic Argentina Brazil Canada China France Germany India Italy Japan Latin America Mexico Russia Spain United Kingdom United States Reuters Contact Us Advertise With Us Help Journalism Handbook Archive Site Index Video Index Reader Feedback Analyst Research Mobile Newsletters RSS Podcasts Widgets Your View Labs Thomson Reuters Copyright Disclaimer Privacy Professional Products Professional Products Support Financial Products About Thomson Reuters Careers Online Products Acquisitions Monthly Buyouts Venture Capital Journal International Financing Review Project Finance International PEhub.com PE Week FindLaw 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 Tuesday, 29 June 2010
Iran freezes nuclear talks for two months
Panama ex-dictator Noriega on trial in France
US-TECH Summary
Obama moves to free spectrum for wireless revolution
Western oil firms stop business with Iran
Era ends, as Byrd, longest-serving US lawmaker, dies
Tycoon trio wins control of France's Le Monde
Iran to 'discipline' West by holding off nuclear talks
BP denies Hayward to resign as oil disaster costs soar
Supreme Court Rules Part Of Sarbanes-Oxley Violated Constitution
Angry House lawmaker cuts aid to Afghanistan |
Saudi king seeks Obama action on Mideast peace
Football lags other sports on technology
Venus battles Groth to reach quarter finals
Administration Outlines Ambitious Voluntary Broadband Spectrum Plan
EU mobile roaming rates to fall as of July 1
Guinea vote went well despite hitches say observers |
Apple iPhone 4 Tops 1.7 Million In Sales
Over 12,000 Guineans sms on election issues: US embassy
Personal Spending, Income Rise In May
Apple sold 1.7 million iPhones in three days
Hurricane Watch Raised In Texas, Mexico As Alex Gains Strength
Apple says had sold 1.7 million iPhone 4 on Saturday
"Back To The Future" Trilogy Head To Blu-Ray For 25th Anniversary
Ex-Panamanian dictator Noriega stands trial in Paris |
"Toy Story 3" Guards Top Spot; "Grown Ups" Take 2nd Place
S.Korean leader wants North apology
Japan war crimes claim sparks France libel case
Li ignores coach to maintain winning feeling
U.S. Senate Republicans rap Obama's high court pick
Japan count on Honda against Paraguay
Five Americans appeal terrorism convictions in Pakistan
India's central bank to weigh interest rate hike: minister
Obama endorses plan to boost wireless broadband |
Toyota starts production of Europe's first hybrid car
Tata Motors to raise $1 billion in equity and debt
US-ENTERTAINMENT Summary
Motley Crue singer Vince Neil arrested for drunk driving
German police recover stolen Caravaggio painting
India to spend millions restoring classic movies
Saudi Arabia Moves to Regulate Child Marriages
Football's inspiring role at notorious island prison
Dogs join owners in battle against the bulge
French wines' new export strategy: think "Coca-Cola"
Chocolate terracotta warriors to hit Taiwan art show
Stevie Wonder cheers up Glastonbury after football failure
Motley Crue singer Vince Neil arrested for drunk driving |
U.S. v Ghana tie most-watched soccer game in U.S. history |
100 foreign troops die in Afghan war in June
US busts 'deep-cover' Russian spy ring
Furious US lawmaker blocks Afghan aid
U.S. missile strike kills 6 militants in northwestern Pakistan |
Baidu to hire U.S. engineers to work in China
Britain, France, Germany use torture intel: HRW
Rare white elephant caught in Myanmar
Israeli mission complains over Egypt press cartoon
North Korean heir apparent elected to assembly: reports |
HP cuts contractor use for printer growth
Two held over failed break-in at French imam's home
Oprah tops Forbes celebrity 'power list'
Iran freezes nuclear talks for two months
Chrome unseats Safari as 3rd popular Internet browser
Taiwan and China sign historic trade pact |
US cracks 'deep-cover' Russia spy mission, arrests 10
US Admits Koreas Are Officially Still At War, Looks Into North’s Actions
Business ideas may be patentable, US Supreme Court says
100 foreign troops die in Afghan war in June
US presses farmers to reduce antibiotics use
Striking workers force closure of Madrid metro |
"Jimmy Kimmel Live" Features Numerous "Twilight" Guests During "Eclipse" Premiere Week
U.S. Supreme Court Extends Gun Rights To All States, Cities
Brazil ease past Chile, set-up Dutch showdown
Amazon adds video to Kindle e-books on iPad-iPhone
Obama Administration Launches New Space Policy Stressing International Cooperation
Australia PM seeks to end mining row, may call poll |
Five top U.S. operators pick Samsung Galaxy S phones
Kyrgyz vote wins 90 percent support, Russia wary |
Era ends as Byrd, longest-serving US lawmaker, dies
Obama endorses plan to boost wireless broadband
Kagan Pledges to be "Modest" as Supreme Court Nomination Hearing Begins
U.S. Markets Finish Slightly Lower As Investors Digest Data, G-20 Comments
Mexico drug hitmen kill state governor candidate |
Peru inventor 'whitewashes' peaks to slow glacier melt
Israeli inquiry into Gaza flotilla raid opens |
Tycoon trio wins control of France's Le Monde
Greeks strike on Tuesday, test government pension reform |
U.S. arrests 10 for allegedly spying for Russia
Tesla stock offering seeks to raise 244 million dollars
Five top U.S. operators pick Samsung Galaxy S phones
US drone strike kills six militants in Pakistan
Senate set to OK Petraeus as U.S. Afghan commander
Baidu to hire U.S. engineers to work in China |
Motorola and Sprint to sell Windows phone to businesses
China struggles to save 107 buried in landslide
System to assess Afghan forces flawed
Five top U.S. operators pick Samsung Galaxy S phones |
N.Korean leader's son working as lawmaker: reports
HP cuts contractor use for printer growth |
Tiger attacks toddler in Indonesian zoo
Sandra Bullock, Jesse James finalize divorce |
Megan Fox marries in Hawaii: report |
CSI showrunners renew deals |
Dr Death admits to fear of death in documentary |
Women rule Forbes' celebrity power list, Gaga makes debut |
Radio Disney to air scripted serial |
Native American actors see new image in Twilight |
Steve Carell resigning from The Office next year |
Method Man pleads guilty to tax evasion |
U.S. top court extends gun rights to states and cities
General McChrystal to retire from U.S. Army-official
Megan Fox marries in Hawaii: report
Australia leadership coup 'not done lightly': MP
Taiwan stocks fall 1 pct; trade deal boost fades
The World's Most Powerful Celebrities
China to stage live-fire military exercises
Longest-serving U.S. lawmaker Byrd dies at 92
Indian Kashmir on the boil again
S.Korea balance of payments hit by market jitters
Minimum and maximum temperatures in Celsius
European firms concerned over China regulations
PAKISTAN
Japan unemployment rises as output slows
Pact to draw China, Taiwan closer than ever
Fiji's neighbours slam media crackdown
North Korean heir apparent elected to assembly
Radio Disney to air scripted serial
NZ household borrowing edges higher in May
Sandra Bullock, Jesse James finalize divorce
S.Korea regains status as world's top shipbuilder
IMF chief says yuan still too low
Steve Carell "resigning" from "The Office" next year
Native American actors see new image in "Twilight"
Method Man pleads guilty to tax evasion
mSpot streams music collections to Android smartphones
Twelve die in Iraq unrest, suicide bombing
No Palestinian state before 2012
Google tweaks China queries, license renewal looms
Russia says U.S. spy charges baseless and improper |
FIFA chief apologises for World Cup errors
Up to 150 Taliban killed in Afghan battle: report
Protest in Greece as general strike snarls travel
China denies military exercise aimed at U.S. |
Stephenie Meyer's "Bree Tanner" Sold Over A Million Copies In The U.S.
UN vehicle shot in Afghan capital, driver wounded
Supreme Court Sides With School Against Religious Exclusion
Father Of Missing Oregon Boy Files For Divorce
Iran says nuclear talks to resume with Brazil, Turkey |
Chicago Cop In Notorious Torture Case Found Guilty Of Perjury
UN vehicle shot in Afghan capital, driver hurt
Witnesses say UN vehicle shot up in Afghan capital
Strikes hit Greece and Spain as ECB deadline looms |
Are UN Sanctions Against Iran Kicking In?
2 Afghan men convicted for heroin trafficking
No Palestinian state before 2012: Israeli minister |
Two Florida Police Officers Killed During Traffic Stop
Steve Carell Resigning From "The Office"
U.S. missile strike kills 6 militants in NW Pakistan
Light Rail Systems Lead To Weight Loss
Special Election To Byrd's Senate Seat Will Be In 2012
Japan, Paraguay vie for World Cup quarter-final spot
"Hot Tub Time Machine" Splashes Onto DVD, Blu-ray
China says can guarantee grip on Tibet forever |
New saliva test 'can detect various cancers'
Philippines' Aquino to probe Arroyo in 'truth commission'
Google switches tack in China before license expires
China denies military exercise aimed at U.S.
Australia's 'Dr Death' guilty of manslaughter
Iraqis seek out private schools to educate children |
China and Taiwan sign historic trade pact
At least 32 feared dead as Ghana mine collapses |
Pakistani stocks edge up in dull trade; rupee flat
Japan's Komatsu to hire Chinese managers
Pakistan expects $970 mln foreign inflows to meet IMF target
Foxconn 'to move China Apple production' as costs rise
South Korea c.bankers wanted tightening signal in May
Google alters China course before licence expires
'Prince of Jihad' given five years in Indonesia
China stocks lower on AgBank's low IPO pricing
Oprah tops Forbes celebrity 'power list'
Pakistan c.bank sells 49.50 bln rupees of T-bills
Google tweaks rerouting in fight for China business |
"CSI" showrunners renew deals
"Dr Death" admits to fear of death in documentary
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	VPN on MacOSX	BlogMeter 1.01