InfoAnda - Greece should pay wages in drachmas: German MP |

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

India's top microlender seeks to allay fears over solvency | 20 November 2010
Texting on the rise among US adults: Pew survey | 4 September 2010
All aboard Germany's lonely-heart express | 16 January 2009

Blast hits Karachi hospital treating bomb victims | 5 February 2010

Forum Views () Forum Replies ()

Read more with google mobile : Greece should pay wages in drachmas: German MP |

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 Social Pulse Business Video The Freeland File Aerospace & Defense 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 Campaign Polling Tales from the Trail Political Punchlines Supreme Court Politics Video Tech Technology Home MediaFile Science Tech Video Tech Tonic Social Pulse 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 Anatole Kaletsky Edward Hadas Hugo Dixon Ian Bremmer Lawrence Summers Susan Glasser The Great Debate Steven Brill Jack & Suzy Welch Frederick Kempe Christopher Papagianis Mark Leonard Breakingviews Equities Credit Private Equity M&A Macro & Markets Politics Breakingviews Video Money Money Home Tax Break Lipper Awards 2012 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 Olympics Arts Faithworld Business Traveler Entertainment Oddly Enough Lifestyle Video Pictures Pictures Home Reuters Photographers Full Focus Video Reuters TV Reuters News Article Comments (0) Full Focus Photos of the week Our top photos from the past week. See more Images of June Follow Reuters Facebook Twitter RSS YouTube Read Colorado town, Obama honor shooting victims | 4:22am EDT Mexico urges U.S. to review gun laws after Colorado shooting 21 Jul 2012 Assad's forces overrun two Damascus districts | 4:20am EDT Shots fired from Egypt at Israeli troops, none hurt 22 Jul 2012 'Dark Knight' sales below forecasts after shooting 22 Jul 2012 Discussed 213 Mexico urges U.S. to review gun laws after Colorado shooting 137 Fourteen killed in Denver movie theater shooting 117 Syrian battles rage in capital, Russia pressed Watched Brain research confirms dangers of boxing Sun, Jul 22 2012 Latest solar flare dazzling but not dangerous Fri, Jul 20 2012 Brian Lam on rewarding depth over volume Mon, Jul 16 2012 Pictures Reuters Photojournalism Our day's top images, in-depth photo essays and offbeat slices of life. See the best of Reuters photography. See more Tragedy in Denver A gunman opens fire at a midnight screening of the Dark Knight. Slideshow Hunger in Yemen Aid agencies estimate half the country is now malnourished. Slideshow Greece should pay wages in drachmas: German MP Tweet Share this Email Print Related News Euro falls as Spain's bank woes, weak U.S. data haunt Thu, Jul 19 2012 UPDATE 4-Merkel wins Spanish aid vote with big majority Thu, Jul 19 2012 Merkel set to win Spanish aid vote despite rebels Thu, Jul 19 2012 Greek leaders push back decision on austerity cuts Wed, Jul 18 2012 Greece needs bridging loan, scrambles for more cuts Tue, Jul 17 2012 Related Topics World » Greece » BERLIN | Mon Jul 23, 2012 4:10am EDT BERLIN (Reuters) - Greece should start paying half of its pensions and state salaries in drachmas as part of a gradual exit from the euro zone, a leading German conservative was quoted on Monday as saying. Alexander Dobrindt, general secretary of the Christian Social Union (CSU), the Bavaria-based sister party of Chancellor Angela Merkel's Christian Democrats (CDU), has long argued that Greece would be better off outside the euro zone. "With Greece we have reached the end of the road. There must not be any further aid. A country which does not have the will to fulfil the conditions, or is not able to do so, must get a chance outside the euro," Dobrindt told the daily Die Welt. The CSU has often been more critical of EU bailouts than Merkel's party, but his comments underline the degree of German frustration with Athens over its continued failure to meet reform targets under its 130 billion euro aid programs. "Greece should start to pay half of its civil service wages, pensions and other expenditures in drachmas now," Dobrint added. "A soft return to the old currency is better for Greece than a drastic move. Having the drachma as a parallel currency would allow the chance for economic growth to develop." Dobrindt did not explain how Greece could manage a partial return to its old currency without triggering turmoil in financial markets and a likely run on its banks. Inspectors from the international 'troika', the European Commission, European Central Bank and International Monetary Fund, arrive in Athens on Tuesday to focus on some 11.7 billion euros of spending cuts Greece needs to make in 2013 and 2014. Greek Prime Minister Antonis Samaras said on Sunday that his country is in a "Great Depression" similar to that of America in the 1930s, with its economy seen shrinking by close to a fifth after five consecutive years of recession since 2008. Greece wants two more years to achieve its bailout goals but its lenders have opposed the idea because it would imply even more financial aid. The German weekly Der Spiegel reported at the weekend that Greece would need up to 50 billion euros in additional aid beyond the 130 billion euros already agreed and also said the IMF may refuse to contribute any further funding. The German and Greek finance ministries declined to comment on the Spiegel report. THIRD TRANCHE? Echoing the Spiegel's line on Monday, the Sueddeutsche Zeitung daily quoted German government sources as saying Germany too would be unlikely to sign off on any fresh aid for Greece. "It is unthinkable that Chancellor Angela Merkel could go once more before the Bundestag (lower house of parliament) and seek agreement for a third package of aid for Greece," the paper quoted the government sources as saying. If Greece does require more aid and its lenders reject the request, it will default on its debt repayments and most likely be forced out of the single currency. German Finance Minister Wolfgang Schaeuble was more circumspect in his comments about Greece in an interview for Monday's edition of Germany's top-selling Bild daily, saying he wanted to wait for the troika's report on the country. "If there are delays (in implementation of reforms) Greece must catch up," Schaeuble said. Schaeuble also stressed that Spain -- the latest beneficiary of emergency EU aid worth up to 100 billion euros for its ailing bank sector -- was in a much healthier state than Greece. "Spain's economy is much more effective and has a different structure. The country can turn around very quickly," he said. (Reporting by Gareth Jones and Alexandra Hudson, writing by Gareth Jones; Editing by Catherine Evans) 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 (0) Be the first to comment on reuters.com. Add yours using the box above. 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 Connect with Reuters Twitter Facebook LinkedIn RSS Podcast Newsletters Mobile About Privacy Policy Terms of Use AdChoices 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, 23 July 2012
Bombs kill 20 and wound 80 across Iraq |
Eight killed in deadly 24 hours for NATO in Afghanistan |
Senior Yemen army officer survives roadside bomb: government |
Four Turkish soldiers die in helicopter crash |
Somalia's al Shabaab executes three of its own for treason |
Kodak loses patent case vs. Apple, RIM; plans appeal |
Dark Knight sales below forecasts after shooting |
R&B star Usher's former stepson dies from boating mishap injuries |
Elton John tops UK album chart for first time in 22 years |
Assad's forces overrun two Damascus districts |
Analysis: Euro exit talk risks self-fulfilling prophecy |
Death toll in Iraq bomb attacks rises to 39: sources |
Yemen defuses bomb at Aden intelligence building |
Ukraine postpones Tymoshenko tax case hearings |
Thousands flee violence in India's Assam, 17 killed |
Iran military downplays threat to close Hormuz Strait |
Famed Cuban dissident Oswaldo Paya dead in car crash |
Greece should pay wages in drachmas: German MP |
Heaviest rains in 60 years kill 37 in Beijing |
Apple heads into choppy waters as new iPhone awaited |
What's up dock? Apple to shrink connector for iPhone 5 |
Canon to enter mirrorless camera market from September |
Apple vs Samsung patent trial kicks off in Australia |
Nokia looks to revamp marketing strategy: FT |
Online gaming company 32Red to beat revenue forecasts |
Twilight, Taylor Swift, Justin Bieber win big at Teen Choice |
Jermaine Jackson says mother Katherine is not missing |
Warner's Gangster Squad movie could see changes after Colorado shooting |
Not time yet for new euro crisis measures: Monti |
Japan Fukushima probe urges new disaster prevention steps, mindset |
Thousands flee violence in India's Assam, 19 killed |
New U.S. unit reviewing trade barriers in about 6 nations |
Mexico's Pena Nieto backs stronger trade ties with Asia |
Cyprus court detains Israel attack plot suspect |
Fires in Spain kill four, Croatia evacuates tourists |
Analysis: Iran reformists gird for return to political stage |
Apple heads into choppy waters as new iPhone awaited |
Moody's cuts Nokia by two notches,sees more losses |
Bezos in recruiting drive on Amazon front page |
Netflix investors want to know if more viewing equals more subscribers |
App aims to improve accessibility for visually impaired |
Facebook alumni line up $28 million for workplace app Asana |
For Asia's tech giants, clouds before the windows |
Amazon's mobile ambitions grow |
Drama meets daily life in Palestinian film |
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