Wednesday, Feb. 08, 2012 |
Latest:
- A Ponzi by any other name
- Lawmakers debate whether to accept new austerity pact
- Players admit match-fixing approaches
- Irish deputy PM sees Greece sticking with euro
- Greek deal prospects rise, euro ministers to meet
- Greece braces for more flooding
- Frustrations soar as Greeks seek elusive bailout deal
- Greece bailout: Coalition 'to finalise' austerity deal
Reuters: Wednesday, February 8, 2012
Prospects of a deal on a second international bailout for Greece rose on Wednesday when euro zone finance ministers were summoned to talks in Brussels while Greek political leaders met to approve a tough reform and austerity programme.
A cheap moratorium on stigma in eurozone debt
The EU is in a pressure cooker with interest rates that suffer from stigma, i.e. irrational fears of default that become rational and self-fulfilling because the higher rates of interest imply a reward.
Greece
Greece braces for more flooding (UPI: Feb. 8)
Greece and Bulgaria battle flooding (CTV.ca: Feb. 7)
Greece stepping up security on border with Turkey (Associated Press: Feb. 6)
Farmers give away 12 tons of potatoes in center city Thessaloniki (Feb. 4) 
2 comments
2 comments Politics
Greek deal prospects rise, euro ministers to meet (Reuters: Feb. 8) 1 comment
1 comment Frustrations soar as Greeks seek elusive bailout deal (Reuters: Feb. 8)
Greece bailout: Coalition 'to finalise' austerity deal (BBC: Feb. 8)
Feuding Greek leaders united by desire to avoid blame (Reuters: Feb. 7) 1 comment
1 comment Greece exit would not end euro, says EU commissioner (BBC: Feb. 7)
Greek unions set to strike over new austerity demands (CNN: Feb. 7)
World News
Irish deputy PM sees Greece sticking with euro (MSN Philippines News: Feb. 8)
Juncker backs special account for Greek debt interest (AFP: Feb. 7)
European politician taps into fear, sex appeal (MSNBC: Feb. 7)
Russian envoy arrives in Syria (CNN: Feb. 7)
EU says China may become its biggest market in 2012 (AFP: Feb. 6)
Syria crisis: Gulf Arab states expel Syrian ambassadors (BBC: Feb. 7)
Obama orders new sanctions on Iran (Feb. 6)
US and Israel working together on Iran, says Obama (BBC: Feb. 6)
Syria crisis: Hillary Clinton calls UN veto travesty' (BBC: Feb. 5)
Business & Economy
Greek economic mood sours even more in January (Reuters: Feb. 6)
Greece says bank recapitalisation agreed, issues remain (Reuters: Feb. 4)
Greek debt deal of 200 bn euros 'within reach': EU Commission (Economic Times: Feb. 3)
Crisis-hit Greeks 'have moved 16 bn euros abroad' (AFP: Feb. 3)
IMF bigwig tells Greece to cut minimum wage (Morning Star: Feb. 1) 2 comments
2 comments Sports
Players admit match-fixing approaches (eKathimerini: Feb. 8)
Reds creeping up behind PAO (eKathimerini: Feb. 6)
Greek Gekas frustrates Fener, Beşiktaş kicks bucket (Today's Zaman: Feb. 3) 5 comments
5 comments Home of Olympiakos's Mirallas targeted by attackers (eKathimerini: Feb. 2)
Lower league players begin strike (eKathimerini: Feb. 1)
Euroleague triumphs over Turkish opposition (eKathimerini: Feb. 4)
On this Day
February 8
- 1833: The drachma replaced the phoenix as the monetary unit of Greece.
- 1981: 21 young fans were killed and 32 were injured, at the end of the Olympiakos - AEK derby, after Gate 7, which they were trying to exit, was left closed.
- 2005: Karolos Papoulias was elected President of the Hellenic Republic. His election received the largest majority ever, with 279 votes in favor.
- Births: Doukissa, Laika singer (1941).
- Deaths: Markos Vamvakaris, composer (1972); Nikos Xylouris, Cretan singer (1980); Yiannis Pathiakakis, football player (2002)
Editor Picks
A Ponzi by any other name (Business Spectator: Feb. 8)
A tale of two technocrats: paths diverge for Greece and Italy (Reuters India: Feb. 3)
Europe can’t force Greece into never-default land (Reuters Blogs: Feb. 2)
Most Popular Stories
Greece and Bulgaria battle flooding (CTV.ca: Feb. 7)
Greece on the brink (CNN Money: Feb. 7)
Feuding Greek leaders united by desire to avoid blame (Reuters: Feb. 7) 1 comment
1 comment European politician taps into fear, sex appeal (MSNBC: Feb. 7)
Greece exit would not end euro, says EU commissioner (BBC: Feb. 7)
Greece bailout: Coalition 'to finalise' austerity deal (BBC: Feb. 8)
EU says China may become its biggest market in 2012 (AFP: Feb. 6)
Frustrations soar as Greeks seek elusive bailout deal (Reuters: Feb. 8)
Greek unions set to strike over new austerity demands (CNN: Feb. 7)
Greek Gekas frustrates Fener, Beşiktaş kicks bucket (Today's Zaman: Feb. 3) 5 comments
5 comments Home of Olympiakos's Mirallas targeted by attackers (eKathimerini: Feb. 2)
Cyprus parliament rebukes Downer (Sydney Morning Herald: Feb. 2) 1 comment
1 comment Anonymous Deface Greece's Justice Ministry in IMF Protest (International Business Times: Feb. 3)
Greece stepping up security on border with Turkey (Associated Press: Feb. 6)
Head of Greek Church says austerity is 'deadly medicine' (eKathimerini: Feb. 2) 2 comments
2 comments A tale of two technocrats: paths diverge for Greece and Italy (Reuters India: Feb. 3)
Crisis-hit Greeks 'have moved 16 bn euros abroad' (AFP: Feb. 3)
War reparations issue 'unresolved' (eKathimerini: Feb. 4) 3 comments
3 comments Greek Gekas frustrates Fener, Beşiktaş kicks bucket (Today's Zaman: Feb. 3) 5 comments
5 comments War reparations issue 'unresolved' (eKathimerini: Feb. 4) 3 comments
3 comments EU ramps up pressure on Greece as timetable slips (The West Australian: Feb. 6) 2 comments
2 comments Farmers give away 12 tons of potatoes in center city Thessaloniki (Feb. 4) 2 comments
2 comments Thousands of court cases outstanding, minister reveals (eKathimerini: Feb. 2) 2 comments
2 comments Head of Greek Church says austerity is 'deadly medicine' (eKathimerini: Feb. 2) 2 comments
2 comments IMF bigwig tells Greece to cut minimum wage (Morning Star: Feb. 1) 2 comments
2 comments Greek deal prospects rise, euro ministers to meet (Reuters: Feb. 8) 1 comment
1 comment Feuding Greek leaders united by desire to avoid blame (Reuters: Feb. 7) 1 comment
1 comment 