InfoAnda - Greece says not seeking new way out of crisis |

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

Samsung wins U.S. court order to access Apple-HTC deal details | | 22 November 2012
Netanyahu rejects call not to sell homes to Arabs | | 8 December 2010
Early Ore. vote results come gushing in | 27 January 2010

Mideast tourism sector hit by uprisings | 7 March 2011

Forum Views () Forum Replies ()

Read more with google mobile : Greece says not seeking new way out of crisis |

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 Green Business Legal Deals Earnings Summits Business Video 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 Afghan Journal Africa Journal India Insight Global News Journal Pakistan: Now or Never? World Video Politics Politics Home Front Row Washington Politics Video Technology Technology Home MediaFile Science Tech Video Opinion Opinion Home Chrystia Freeland Felix Salmon Jack Shafer Breakingviews George Chen Bernd Debusmann Gregg Easterbrook James Pethokoukis James Saft John Wasik Christopher Whalen Ian Bremmer Mohamed El-Erian Lawrence Summers The Great Debate Unstructured Finance Newsmaker MuniLand Money Money Home Analyst Research Global Investing MuniLand Reuters Money Alerts Watchlist Portfolio Stock Screener Fund Screener Personal Finance Video Life & Culture Health Sports Arts Faithworld Business Traveler Left Field Entertainment Oddly Enough Lifestyle Video Pictures Pictures Home Reuters Photographers Full Focus Video Article Comments (1) Video Full Focus Editor's choice A selection of our best photos from the past 24 hours. Full Article Follow Reuters Facebook Twitter RSS YouTube Read Particles found to break speed of light 22 Sep 2011 Iran's Ahmadinejad attacks West, prompts walk-out | 22 Sep 2011 Killer spared from death hours before execution 22 May 2008 "Faster than light" particles may be physics revolution 11:31am EDT U.S. turns up the heat on Pakistan's spy agency 10:00am EDT Discussed 137 Obama to propose $3 trillion in deficit cuts 87 House unexpectedly defeats spending bill 79 Geithner’s ”succinct” message irks Europeans Watched World Bank's Zoellick: "The world is in a danger zone" Thu, Sep 22 2011 Human skin strengthened with spider silk can stop a bullet Tue, Sep 20 2011 Satellite's unwelcome homecoming Thu, Sep 22 2011 Greece says not seeking new way out of crisis Tweet Share this Email Print Related News Greek default talk gathers pace 11:40am EDT Greeks strike amid pain and anger over austerity Thu, Sep 22 2011 Greece sharpens austerity; IMF warns on banks Wed, Sep 21 2011 UPDATE 4-Greece announces new austerity, unions vow strikes Wed, Sep 21 2011 Greece to announce new austerity, unions vow strike Wed, Sep 21 2011 Analysis & Opinion How to prevent a depression Euro bonds are not the answer Related Topics World » Greece » Related Video Time for Greece to leave euro zone, says Marc Faber 4:31am EDT Reuters Breakingviews: Euro zone bailout sheriff far fetched Greek Finance Minister Evangelos Venizelos pauses as he attends a parliament session in Athens September 20, 2011. Credit: Reuters/John Kolesidis By Lefteris Papadimas and Renee Maltezou ATHENS | Fri Sep 23, 2011 10:03am EDT ATHENS (Reuters) - Greece sought to play down reports on Friday that it was considering a solution to its debt crisis involving bigger losses for its banking creditors, while a fresh round of strikes gripped the country in protest against new austerity measures. Parliament is likely to approve the moves which include unpopular new taxes to secure the next tranche of the heavily indebted nation's EU and IMF bailout, avoiding a disorderly default that would rock the euro zone, political analysts said. Popular resistance to the cutbacks is raging, however, reflected by strikes that brought the transport system to a standstill on Thursday, with unions arguing that Greece's economy cannot cope with the terms of the deal imposed on it. Two pro-government newspapers reported Finance Minister Evangelos Venizelos had told ruling Socialist deputies he saw three scenarios to resolve the crisis, including one involving a 50 percent haircut for bondholders. That amount was more than double a figure agreed in July by some European banks that said they would contribute to a bailout by taking a 21 percent loss on some Greek bond holdings in a debt restructuring deal. But a high-level government source denied the reports and Venizelos, heading to Washington for talks with Greece's lenders, said the country was committed to implementing the second, 109-billion-euro bailout it has agreed to. "All other discussions, rumors, comments, and scenarios, which are diverting our attention from this central target and Greece's political obligation ... do not help our common European task," he said in a statement issued by his ministry. Citing a person who it said had heard the speech, newspaper Ta Nea quoted Venizelos as saying "it would be dangerous to request" the 50 percent haircut -- the term used to describe a cut in value of a security held by an investor. Venizelos, a former defense minister known for his oratory and razor intellect, also said: "This would require an agreed and coordinated effort by many," the paper reported. Greek bank stocks, under pressure from a downgrade by ratings agency Moody's, fell a total of 8 percent after the reports. "NO SUCH SCENARIO" Three Socialist deputies who said they were present at the session at which Venizelos tried to rally support in the ruling party for a new austerity campaign also denied that he had floated the idea during his remarks. "I categorically deny it. There is no such scenario," lawmaker Theodora Tzakri told Reuters. Analysts said the denials showed Venizelos had probably not floated the idea of the bigger haircut at the meeting. But they would not rule out that he may have privately raised the idea in another forum to gauge political reaction, underscore the gravity of the situation, or possibly to push back against pressure for even more draconian austerity. "I'm not in a position to comment on rumors ... but we've said for a long time it's inevitable for Greece to default, so that they might privately be looking for options would not be a surprise," said Ben May, an analyst at Capital Economics. In Washington at the IMF's annual meeting, Venizelos will hold talks with officials from the EU and the Fund who have expressed impatience with the lack of progress in cutting back a bloated public sector, threatening to withhold funds. The cabinet's latest round of cutbacks in response include cutting the salaries of 30,000 public employees and giving them a year to find new work or lose their jobs, as well as deeper pension cuts and the extension by two years of a real estate tax hike imposed to make up for a shortfall in budget revenue. Analysts say the measures should be enough to persuade the IMF and EU to release an 8-billion-euro ($11 billion) aid tranche that Athens needs to avoid running out of cash to pay civil servants' salaries in October. The lenders' experts are now scrutinizing the new strategy and will discuss specifics in Washington. They are expected to return to Athens early next week. The first hurdle comes next Tuesday when lawmakers vote on a property tax rise introduced earlier this month. The cabinet aims to extend the tax and draw up laws for the other new austerity steps once they have agreed with the troika. Political dissent is rising but analysts said there are no signs that anti-austerity voices in the ruling PASOK party will oppose the reforms with the same intensity that almost overturned a similar fiscal package, and could have toppled the government and triggered a messy default, in June. "I believe the measures will be passed, because PASOK's parliamentary group has made a commitment and must definitely sign the agreement (for the second bailout) in order for the tranche to be disbursed," PASOK deputy Evangelos Argyris told Greek Vima radio. STRIKES AND RALLIES Strikes on Thursday snarled traffic and stranded tourists at Athens hotels while activists marched on parliament in the first big demonstrations since violent clashes with police in June. Athens' metro and trams were on strike on Friday. Taxi drivers will stage a 48-hour strike next week, and other rallies are expected in front of parliament in central Athens. Greece's two biggest unions, representing about half of the country's 5-million-strong workforce, are gearing up for two 24-hour strikes and rallies in October. The country remains bitterly divided between private sector workers who say a bloated state bureaucracy is strangling Greeks and public servants who say the biggest problems are political corruption and tax evasion. Unions say austerity measures will put further pressure on a middle class already hit by an economy expected to contract by at least 5 percent this year, after a 4.4 percent slump in 2010, and unemployment of 16 percent. "When we see that there is not a rudimentary equal distribution of the weight and it all falls on the usual people, the wage earners and pensioners, how can we not react?" said Yannis Panagopoulos, head of private sector union GSEE. ($1 = 0.743 Euros) (Additional reporting by Angeliki Koutantou; writing by Michael Winfrey, editing by Peter Millership) 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 (1) Lambick wrote: Previous Greek governments have borrowed in full knowledge that they were jeopardising the fiscal integrity of their country. But they took care to share the spoils with the unions, creating ridiculous jobs and laughable pension rights. Now the Greek government, under severe pressure, is starting to wiggle out of taking its medicine by pointing to the social unrest caused by (you guessed it) the very same unions. I wonder whether the EU thinks it is being taken for a ride. Sep 23, 2011 9:32am EDT -- Report as abuse See All Comments » Add Your Comment Social Stream (What's this?) 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 Contact Us Advertise With Us Connect with Reuters Twitter Facebook LinkedIn RSS Podcast Newsletters Mobile About Privacy Policy Terms of Use 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 Friday, 23 September 2011
Iran's Ahmadinejad attacks West, prompts walk-out |
Struggling Braves barely holding off Cards for NL Wild Card
Season 14 of The Ultimate Fighter opens with 16 fierce preliminary bouts
Radio journalist shot, seriously wounded in Somalia
FDA to phase out over-the-counter asthma inhalers to protect the environment
77 Year old Ukrainian man wins dumpling eating contest then promptly dies
Analysis: U.N. move may help establish Palestinian legal rights |
Mexican president promotes tourism while drug cartel killings continue
Military suicides linked to low levels of Omega-3 fats
Shortest commute in Great Falls, Montana
U.S. stocks tumble on recession news
First time jobless claims drop to 423,000
Bomb at Iraqi pilgrim restaurant kills 4, wounds 17 |
Facebook builds tighter integration with music, TV |
Competitors circle around as Netflix stumbles |
Text, video messaging eyed for emergency calls |
Insight: How HP's board presided over a train wreck |
Clearwire talks capacity with AT&T, Verizon, others |
Silicon Valley flop Color tries to reinvent itself |
Amazon web services puts snag behind it, sees more cloud |
London Olympics to 'strain' mobile networks-mayor |
Americans prefer Modern Family to X Factor |
Jay-Z protege J. Cole preps for music spotlight |
Wizard of Oz ruby slippers up for auction |
Tony Bennett apologizes for 9/11 comments |
Abbas to stake Palestinian claim to state at U.N. |
As sparks fly, Pakistan warns U.S. You will lose an ally |
Frosh choice: Ohio State to start Braxton Miller behind center
President Saleh returns to Yemen amid gunfire, blasts |
Woman fined for wearing face veil to run for president against Sarkozy
Physicists find sub-atomic particles travel faster than light
Triple car bomb explosions kill 6, wound 60 in Russian Dagestan
At least 11 more bodies dumped in Mexican port city |
St. Louis Blues: Mets dispatch Cardinals with ninth inning rally
Fever star Tamika Catchings finally nets WNBA MVP honor
Qantas airlines faces Friday Strike
Libya NTC faces credibility test at Gaddafi strongholds |
Liam the leader: Liam Bond shoots 66 at Austrian Open
PGA rerun: Keegan Bradley, Jason Dufner, one-two at Tour Championship
Zambia's Sata wins presidential race |
At least 13 different countries to be represented at upcoming World Series of Bowling
Chavez in Venezuela says chemo finished successfully |
Thousands riot in south China over land grabs: report |
Sectarian tensions rise in Syria's Homs, 2 killed |
Oracle seeks $1.16 billion from Google in Android case |
Suspected LulzSec hacker arrested in Sony studio breach |
Facebook builds tighter integration with music, TV |
HP names Whitman CEO, Apotheker out |
Alibaba.com shares jump 5% on Silver Lake, DST investment |
Rambus faithful set up verdict vigil |
Competitors circle around as Netflix stumbles |
Lawmakers tell FCC to protect GPS from Falcone |
ZTE plans to roll out 4G handphones in Q2 2012 |
Disgraced pastor Ted Haggard to appear in Wife Swap |
Kiefer Sutherland returns to TV in Fox's Touch |
Bruno Mars' song on Breaking Dawn soundtrack |
British arts world wades into row over Israeli orchestra |
U.S. turns up the heat on Pakistan's spy agency |
Greece says not seeking new way out of crisis |
Amid global outcry, Europeans express dismay at the execution of Troy Davis
Soap Opera "All My Children" ends after 41 year run
Prosecutors show crime scene photos as Knox trial resumes |
Undz.org men underwear sold 100,000 underwear in 3 months!
UK lawyer to start News Corp action in U.S. |
Hooters photog: It's a great job and someone's got to it
Mike Vick full participant at Eagles practice; may play Sunday vs. Giants
Nike sees profits soar
Efforts to reduce child labor on cocoa plantations beginning to pay off
Better food key to malnutrition and obesity
Bahrain police block protest march to capital |
Canadian mom sues sons for financial support
CERN scientists claim to break speed of light
Insight: Haqqani chief says U.S. will suffer if it tries attack |
Alibaba.com boosted by private equity investment |
Nokia more confident on Windows Phone this year |
Bluetooth devices security risks rising: research |
Oracle seeks $1.16 billion from Google in Android case |
Taylor Lautner talks about his newest 'Abduction' |
Elton John in talks to make biopic Rocketman |
Baby rockers land the right punches on debut album |
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