InfoAnda - No German rescue plan for debt-ridden 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

Iran says 'stoning woman' in perfect health, attacks West | 4 November 2010
Malaysia says 1.8 million-year-old axes unearthed | 30 January 2009
British Airways reports record annual loss of £531m | 21 May 2010

Panel: US not ready for bioterrorist attack | 26 January 2010

Forum Views () Forum Replies ()

Read more with google mobile : No German rescue plan for debt-ridden Greece

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 No German rescue plan for debt-ridden Greece AFP - Monday, March 1 Send IM Story Print German Chancellor Angela Merkel (L) sits in the studio of German TV channel ARD during an interview with German journalist and TV presenter Ulrich Deppendorf. Merkel Sunday dismissed talk of a German rescue plan for Greece's ailing economy, as Athens braced for an EU audit that could usher in new austerity cuts to tackle its massive debt crisis. ATHENS (AFP) - – Chancellor Angela Merkel Sunday dismissed talk of a German rescue plan for Greece's ailing economy, as Athens braced for an EU audit that could usher in new austerity cuts to tackle its massive debt crisis. Greek bond prices rallied this week on a report that Europe's top economy was considering coming to the aid of debt-burdened Greece, as Prime Minister George Papandreou prepares to hold talks with Merkel in Berlin on Friday. But the German chancellor denied any such plan was in the works, saying "there is absolutely no question of it". "We have a (European) treaty under which there is no possibility of paying to bail out states in difficulty," Merkel told ARD public television. Germany has repeatedly denied talk of a bail-out for Greece, further fuelled this week by a meeting between Papandreou and the head of Deutsche Bank. "Right now we can help Greece by stating clearly that it has to fulfil its duties," said Merkel, adding that Greece had to "show great courage" in order to resorb its deficits and restore its "lost credibility". Greece's Socialist government has pledged to cut the deficit by four percentage points of gross domestic product to 8.7 percent this year, but there are doubts that the recession-hit country will be able to meet this goal. Merkel warned Athens now had to "set this decision in motion", as she acknowledged that the current crisis was "certainly the most difficult period" since the euro was created in 1999. "I hope the markets will trust in the efforts deployed by Greece," she said. The chancellor also ruled out providing support to Greece in the form of state guarantees to the banking sector, arguing that it would amount to aid. Greek press reports had said Germany planned to help through the purchase of Greek bonds via its state lender KfW. A new 10-year bond issue had been expected for weeks. Greece is expected this week to announce new measures to limit state spending, which could include bolder benefit cuts and a two-percent hike in sales tax according to reports. The measures are set to coincide with the arrival of the European Union's economic and monetary affairs commissioner Olli Rehn in Athens on Monday. Papandreou has said he will use the debt crisis to remedy chronic waste in public administration. But if the programme proves insufficient, a meeting of EU finance ministers could demand even harsher corrective action at a meeting on March 16. The head of the group of ministers that oversee the eurozone warned Sunday that Greece must step up its spending cuts and not expect Europe to pick up the bill for its past mismanagement. "Greece must understand that taxpayers in Germany, Belgium or Luxembourg are not prepared to correct Greek fiscal policy mistakes," warned the eurozone chief, Luxembourg Prime Minister Jean-Claude Juncker. Mired in recession and requiring more than 50 billion euros (68 billion dollars) in loans this year, Greece needs to bolster falling market ratings that have steeply pushed up its borrowing costs. Greek government overspending reached 12.7 percent of output in 2009 as the global downturn sent public deficits through the roof, putting government bonds under pressure, weakening the euro and pushing the eurozone into crisis. The euro has slipped considerably against the dollar, trading on Friday at around 1.36 dollars compared to 1.45 dollars in December, and last week plunged to a one-year low against the yen. Recommend Send IM Story Print News Search Top Stories Crosby show as Canada beat USA in gold thriller World's most powerful atom smasher restarts: CERN No German rescue plan for debt-ridden Greece Debt-hit Greece must step up spending cuts: Juncker British banking faces major makeover More Top Stories » ADVERTISEMENT Most Popular Most Viewed Most Recommended Be of good heart: Happiness helps ward off cardiac disease Vast iceberg could disrupt ocean currents, weather British banking faces major makeover World's most powerful atom smasher restarts: CERN Crosby show as Canada beat USA in gold thriller More Most Viewed » Third-hand smoke also bad for you: study Florida killer whale to stay in park after deadly attack DNA reveals some mystery on King Tut, raises questions Pitt, Jolie sue British paper over split claims Scientists recreate Big Bang heat of 4 tln degrees C 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 © 2010 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, 1 March 2010
Iraqi Christians protest slayings, Pope concerned
Death toll hits 52 as storms lash Europe
Debt-hit Greece must step up spending cuts: Juncker
Several wounded in clashes at Jerusalem's Al-Aqsa mosque
Hamas man was drugged before murder
Turkish PM holds talks with armed forces head: report
Iraq's Maliki sees coalition with Shi'ite rivals |
Iraqi Christians protest slayings, Pope concerned |
Turkish constitutional reforms ready by end-March: Erdogan |
Tajikistan election to yield docile parliament |
Pelosi says Obama will garner votes to pass health reform
Marines, Afghan troops to stay months in Marjah
Tajikistan votes under president's watchful eye
Marines, Afghan troops to be stationed in Marjah
AP Enterprise: How nuclear equipment reached Iran
Facing tsunami threat, Japan battens down hatches
Official: Roadside bomb kills family of 11 Afghans
G20 summit preparatory talks end in S.Korea
Jay Leno returns to TV to regain late-night crown |
Shutter Island still captivates moviegoers |
US-ENTERTAINMENT Summary
The top movies at the North American box office
Scorsese's "Shutter Island" top film at box office
Russia, Georgia reopen vital border crossing
Cute baby video wins battle against music label
Quake, tsunamis kill more than 700 in Chile |
Crosby show as Canada beat USA in gold thriller
Four Afghan civilians die in suicide attack: official |
Ukraine's pro-Russia head visits anxious EU leaders
Turkish constitutional reforms ready by March
China raises profile of its choice of Dalai Lama's No 2 |
No German rescue plan for debt-ridden Greece
World's most powerful atom smasher restarts: CERN
Cyber warriors gather as online battles rage
Spain hails arrest of alleged ETA chief
Violence flares at Jerusalem holy site
Giant tech fair goes 3D to pull in the punters
Niger facing famine, millions at risk: president |
Iraq's Maliki sees coalition with Shi'ite rivals
Hamas leader drugged, suffocated: Dubai police
Iraq's Maliki sees coalition with Shi'ite rivals |
No pressure, London
Afghanistan: 4 civilians die in suicide car bomb
Cute baby video wins battle against music label |
Clinton adds Buenos Aires to Latin American tour
Afghan: When shooting stops, some soldiers read
Militants destroy NATO oil tanker in Pakistan
Philippine troops kill 2 gunmen linked to massacre
Indonesia landslide search ends, 12 still missing
Police chief fired after inmate dies in China
New Zealand commandos confirmed in Afghan battle
Afghan army: 3 civilians die in suicide car bomb
Australian PM Rudd draws fire for mea culpa
S.Korean leader urges N.Korea to show sincerity
Pakistan c.bank buys 96.35 bln rupees of govt paper
Pakistani stocks lower; finance minister awaited
Embattled Toyota chief to speak in China
NBC renews competition series "Sing Off"
Toyota chief visits China amid recall woes
Hollywood's Oscar contenders chart course for gold
NZ dollar off highs as Chinese data raises caution
South Korea's surprise export jump eases trade worries
Prudential to buy AIG's Asian arm for 35 bln dollars: source
PAKISTAN
S.Korea's trade swings to surplus in February
NZ commodity prices jump in February
Fourth "Shrek" film to open Tribeca fest
NBC gearing up for post-Conan schedule
NBC gearing up for post-Conan schedule |
Radio station for divorcees battles stigma in Egypt
Fourth Shrek film to open Tribeca fest |
Shutter Island still captivates moviegoers |
Jolie, Aronofsky eyeing Serena adaptation |
Jolie, Aronofsky eyeing "Serena" adaptation
Hollywood's Oscar contenders chart course for gold |
Adam Brody picking "Oranges" with Hugh Laurie
Fox dominates indecency complaints |
"Nip/Tuck" stars land pilot roles
Fox dominates indecency complaints
Dermot Mulroney to star in Rockford update |
NBC renews competition series "Sing Off"
Tears and jeers: Oscar night drama in store
Adam Brody picking Oranges with Hugh Laurie |
Actor Randy Quaid, wife want apology for arrest |
Car bombs kill NATO soldier, five Afghans
Internet 'third-most popular news platform in US'
Gunman opens fire near East Jerusalem settler block
Afghanistan bans coverage of attacks; blasts hit south |
Dubai murder suspects hiding out in Israel: police
Donor tax disclosure embarrasses UK Conservatives |
Bomber targets NATO convoy, kills four Afghans
China PLA officer urges challenging U.S. dominance |
Good Afghan news just a click away
Iran says plans to test fire new guided-bomb soon |
Dubai says hit team had 27th member, slams insult |
Suicide attack against NATO kills Afghans: govt
Storms rip through Europe, kill up to 50 in France |
Hundreds feared dead in Darfur clashes: U.N. |
Georgia and Russia re-open land border crossing |
Karadzic takes stand at trial to deny war crimes |
Microsoft says Google acts raise antitrust issues |
Military allows Twitter, other social media |
US Supreme Court takes up jailed Enron chief's appeal
Vote monitors slam Tajikistan's parliamentary vote
EU privacy body wants changes to Google Street View |
Foreign cease-fire monitors return to Philippines
Australians flee 60-ft wildfire flames near homes
5,200 Australians bare all for photo shoot
Coal mine flood traps 31 people in northern China
Research group: China prepares for Arctic melt
Monitors say Tajikistan's vote marred by fraud
Popular Japan lawmaker eyes new party to fight PM
Indian air force holds massive air power exercise
Flood traps dozens in China coal mine
Toyota president apologizes to Chinese customers
Insurer Prudential buys AIG Asia for $35.5 bln
FACTBOX-Key political risks to watch in New Zealand
Pakistan's 6-month fiscal deficit at 2.7 pct of GDP
"Office" worker Robinson to host "Last Comic"
Indonesian says inflation up 3.81 pct in February
Reports: SKorea to invest in Canadian gas fields
China manufacturing continues to expand: surveys
Taiwan stocks at week closing high; state buying seen
TV's Parenthood revisits family life, 20 years on |
Report: 4 Indonesians in Aceh face terror charges
Office worker Robinson to host Last Comic |
Michelin crowns young French chef's Chinese cuisine
"Office" worker Robinson to host "Last Comic"
Dermot Mulroney to star in "Rockford" update
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