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EuropeSun.com Monday 6th February 2012 Edition 2012/0602
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Greece to continue bailout talksGreece to continue bailout talks
ATHENS - Greek Prime Minister Lucas Papademos has said he would continue intense talks with his coalition partners on austerity measures for a 130 billion-euro EU bailout plan second for...


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Greece default closer amid warnings of “social explosion”
Leaders of the political parties comprising the Greek coalition government will meet the premier, Lucas Papademos, later today to give him their reply to demands for sweeping austerity measures in...
Markets slide despite 'no Greek deadline' claim
The euro and stock markets fell on Monday on fears of messy default in Greece, despite a denial by a Greek government official of a deadline for coalition parties to agree harsh austerity terms...
Germay, France and EC increase pressure on Greece
Germany and France have told Greece there will be no €130bn bailout unless it agrees harsh new austerity cuts and reforms, while the European Commission warned the for a deal "has already...
Stocks slip on Wall Street as Greek talks drag on
In this Feb. 3, 2012 photo, trader Joseph Tarangelo, center, works on the floor of the New York Stock Exchange. Markets were in a jittery mood on Monday, Feb. 6, 2012, as talks dragged on between ...
Greek Crisis Talks For Debt Deal To Get Under Way
Crisis talks on a debt deal for Greece among the three leaders of parties supporting the coalition government are set to continue after intense talks adjourned on February...
French, German Leaders Warn Greece To Stick To Commitments
French President Nicolas Sarkozy and German Chancellor Angela Merkel have piled fresh pressure on debt-crippled Greece, urging the country's leaders to fulfill their obligations by quickly...
Greece stepping up security on border with Turkey
Protesters hold a placard reading ''The next tax will be used for the fence'', during a rally against the construction of a border fence aimed at stemming illegal immigration, in...
Dollar rises against euro on Greek debt worries
NEW YORK -; The dollar is rising against the euro as talks between Greek leaders and lenders for a new cost-cutting package drag on. Greece needs to agree on new austerity measures in order to...
Lethal Medicine: ‘Greece testing ground for EU austerity hell’
The Greek Prime Minister is struggling to get coalition party leaders to buy-in to harsh new international bailout terms. The country must now accept even more painful cuts if it’s to get a 130...
Rate Raters, Casino Traders and the Greek Debt Problem
Are the stock exchanges of today more of a casino for traders rather than an exchange for investors? Is options trading and ultra-short trading at the heart of...
Further pressure applied for more Greek austerity
Under strong pressure from the European Commission and Paris, where German Chancellor Angela Merkel met French President Nicolas Sarkozy on 6 February, the Greek political leadership has been called...
Greece agrees to cut 15,000 jobs
ATHENS, Greece (AP) -- Greece's coalition government says it has accepted demands by rescue creditors to cut 15,000 jobs in the public sector this year, under a new law that allows firings....
Greeks delay bailout talks
German Chancellor Angela Merkel told Greece on Monday to make up its mind fast on accepting the painful terms for a new EU/IMF bailout, but the country's political leaders responded by delaying...
JSE down on Greek debt jitters
The JSE ended decidedly weaker on Monday, led by industrials and banks, amid global investor jitters about a potential Greek default on its loan...
Crunch Greek talks to be delayed
Crucial austerity talks between Greece's coalition party leaders are due to be pushed back for a day despite strong pressure from the European Union for a speedy agreement.The Prime...
Greece on 'Knife Edge' as Debt Talks Stall
Crisis talks on a debt deal for Greece among the three leaders of parties supporting the coalition government have been suspended. After five hours of discussions, Lucas Papademos, the Greek prime ...
Greece lets another bailout deadline slip
Greece let yet another deadline slip yesterday for responding to painful terms for a new EU/IMF bailout as patience in Brussels wore thin over drawn-out negotiations among its feuding political...
Greek Bailout Talks Near Point Of No Return, Gartman Offloads Gold
The people of Athens have grownaccustomedto mass protests and general strikes - Getty Images Europe via @daylife Greek politics have once again taken center stage the Troika (ECB, IMF, and EU...
Stocks Slip Slightly On Greece Not Getting Debt Deal Done
The SPY was lower Monday morning in the absence of a Greek debt deal. Last week European officials expressed optimism that resolution was imminent, but there are still major hurdles to overcome as...
Greece to start work on anti-migrant border fence
KASTANIES, Greece -; Greece announced on Monday that it will soon begin building a 10-kilometre-long fence topped with razor wire on its border with Turkey to deter illegal immigrants. Thousands of...
European Stocks Retreat on Greece Debt Talks; Glencore Declines
Feb. 6 (Bloomberg) -- European stocks dropped, with the Stoxx Europe 600 Index trimming a six-month high, as Greece struggled to reach a deal with its international...
Greece austerity talks delayed
Crucial austerity talks between Greece's coalition party leaders are due to be pushed back for a day despite strong pressure from the European Union for a speedy agreement.The Prime...
Oil falls below $97 as Greece debt raises concerns
Oil prices fell Monday as talks stalled on a Greek debt deal needed to avoid a disastrous default, raising concerns about the region's economy and future...
Greek coalition partners talks postponed for a day
Crucial austerity talks set for late Monday between Greece's coalition party leaders are due to be pushed back for a day, the Prime Minister's office said, despite strong pressure from the...
Merkel angry as Greeks delay again on bailout deal
Greece given bailout deadline by EU German Chancellor Angela Merkel told Greece today to make up its mind fast on accepting the painful terms for a new EU/IMF bailout, but the country's...
Stocks pull back on worries over Greece
Greece allowed another deadline to slip as political leaders failed to respond to terms for a new bailout from the European Union and International Monetary Fund. Greece needs the bailout money by...
Canadian dollar stumbles on mounting Greek concerns
As good as trade with China has been for Australia, its relationship with the emerging superpower is complicated and there are lessons in it for Ottawa which hopes to sign a deal for Canadian natural...
Stocks edge lower amid Greece jitters
NEW YORK (CNNMoney) -- U.S. stocks slipped, as investors anxiously await a Greek government decision on budget cuts that are key to securing a second bailout and avoiding default. Dow Jones...
Greece on the brink
NEW YORK (CNNMoney) -- Officials in Greece were under pressure Monday to agree on the terms of a new bailout package, as the threat of a default hangs over the country. Prime Minister Lucas Papademos...
Crucial Greek debt talks delayed until Tuesday
Emergency debt talks continue in Athens as coalition government leaders face mounting pressure from home and abroad to secure an agreement on strict austerity measures. (Thanassis...
Stock markets down as Greek worries return
The Toronto Stock Exchange lost ground early Monday as Greece failed yet again to strike a deal on its debt, sending the S&P/TSX composite index down 42.55 points, or 0.34 per cent, to...
Stocks Fall, Euro Weakens Amid Greek Discussions; Copper Drops
Feb. 6 (Bloomberg) -- U.S. and European stocks fell, driving the Dow Jones Industrial Average down from an almost four-year high, and the euro declined the most in three weeks as Greek leaders...
Euro Falls Versus Dollar, Yen on Concern Greek Agreement Elusive
Feb. 6 (Bloomberg) -- The euro slid the most in a week against the dollar and yen on concern Greece’s political leaders will fail to reach an agreement allowing the nation to receive a second...
Greek leaders divided on needed reforms
Greek politicians said they were far apart as a deadline loomed to agree on severe reforms needed to get a $170 billion bailout vital to avoiding default. Prime Minister Lucas Papademos set the...
Greece Lets Another Deadline Slip
European Central Bank and IMF - to get the funds it needs to meet big debt repayments in March. Greek political leaders, positioning themselves for a likely general election in April, have baulked...
Greece building razor-wire fence on border with Turkey to stop illegal immigrants
Protesters demonstrate against the construction of a border fence aimed at stemming illegal immigration, in the village of Nea Vissa, northern Greece, Monday, Feb. 6, 2012. The fence being built by...