Greek Financial Crisis
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Greek Taxes Strangle Funds Industry In Name Of Austerity
Greece's latest austerity measures are choking off one of its few sources of local private investment, the funds management industry, thanks to massive tax hikes buried in 7,500 pages of financial reforms approved by the parliament last month.
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Young Greek Women Selling Sex For The Price of a Sandwich, New Study Shows
Young Greek women are selling sex for the price of a sandwich as six years of painful austerity has pushed the European country to the financial brink, a new study showed Friday.
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Greek Banks Must Find up to $15.8 Billion After ECB Stress Test
Four major Greek banks must find up to 14.4 billion euros ($15.8 billion) to survive potential economic shocks, the European Central Bank said on Saturday after they underwent an in-depth financial health check.
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Greece Likely to Meet Deadline for Bank Money Release: Euro Zone Officials
Greece is likely to qualify for recapitalisation funds for its banks by a Nov. 15 deadline because the payment depends mainly on financial sector reforms that it can implement by then, euro zone officials said on Friday.
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Alexis Tsipras Dominates Greek Politics Despite Crisis and U-Turn
Alexis Tsipras has presided over a near-death experience for the Greek financial system and performed a U-turn on resisting austerity. And yet the prime minister bestrides his nation's politics, with no serious challenger in sight.
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IMF Ready To Take Part In 'Complete' Greek Package
IMF Managing Director Christine Lagarde said on Friday the Fund was ready to participate in what she called a "complete" package to put the Greek economy back on its feet, make its debt sustainable and allow it to get its funding from financial markets.
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International Monetary Fund Calls for Greece Debt Relief Ahead of Bailout Vote
An International Monetary Fund study published on Tuesday showed that Greece needs far more debt relief than European governments have been willing to contemplate so far, as fractious parties in Athens prepared to vote on a sweeping austerity package demanded by their lenders.
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Greek PM Faces 'Gordian Knot' to Pass Reforms for Deal
Having staved off financial meltdown with a new agreement from Greece's international creditors, Tsipras now faces the anger of lawmakers and the public for agreeing to measures much tougher than those rejected in a referendum on July 5.
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Impact of Greek Developments Will be Indirect: Finance Secretary
Greece, which is going through a financial crisis, has reached a desperately-needed bailout deal with the Eurozone which will prevent the country crashing out of the European Union having a single currency.
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Greek PM Alexis Tsipras Asks Parliament to Approve Reforms as 'National Responsibility'
Greek Prime Minister Alexis Tsipras asked parliament early Saturday to approve his reform proposals to creditors as a "national responsibility" that would keep the struggling nation inside the European Union.
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Greek Prime Minister Tsipras Seeks Party Backing After Abrupt Concessions
Greek Prime Minister Alexis Tsipras appealed to his party's lawmakers on Friday to back a tough reforms package after abruptly offering last-minute concessions to try to save the country from financial meltdown.
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Greek Banks to Stay Closed At Least Until Friday: Report
Greece's banks will stay closed at least until Friday, four banking sources said on Monday, as the country tries to reopen bailout negotiations with official creditors and save its financial system from collapse.
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Key Dates in the Greek Debt Crisis
Greeks vote in a closely-watched bailout referendum that has divided the nation and could determine its financial future as well as that of the government.
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IMF Warns of Huge Financial Hole as Greek Vote Looms
The International Monetary Fund delivered a stark warning on Thursday of the huge financial hole facing Greece.
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Greek Crisis Not to Impact ICICI Bank: Chanda Kochhar
There have been fears of the cash-strapped European nation missing its debt repayment deadline of June 30.
-
Greek Taxes Strangle Funds Industry In Name Of Austerity
Greece's latest austerity measures are choking off one of its few sources of local private investment, the funds management industry, thanks to massive tax hikes buried in 7,500 pages of financial reforms approved by the parliament last month.
-
Young Greek Women Selling Sex For The Price of a Sandwich, New Study Shows
Young Greek women are selling sex for the price of a sandwich as six years of painful austerity has pushed the European country to the financial brink, a new study showed Friday.
-
Greek Banks Must Find up to $15.8 Billion After ECB Stress Test
Four major Greek banks must find up to 14.4 billion euros ($15.8 billion) to survive potential economic shocks, the European Central Bank said on Saturday after they underwent an in-depth financial health check.
-
Greece Likely to Meet Deadline for Bank Money Release: Euro Zone Officials
Greece is likely to qualify for recapitalisation funds for its banks by a Nov. 15 deadline because the payment depends mainly on financial sector reforms that it can implement by then, euro zone officials said on Friday.
-
Alexis Tsipras Dominates Greek Politics Despite Crisis and U-Turn
Alexis Tsipras has presided over a near-death experience for the Greek financial system and performed a U-turn on resisting austerity. And yet the prime minister bestrides his nation's politics, with no serious challenger in sight.
-
IMF Ready To Take Part In 'Complete' Greek Package
IMF Managing Director Christine Lagarde said on Friday the Fund was ready to participate in what she called a "complete" package to put the Greek economy back on its feet, make its debt sustainable and allow it to get its funding from financial markets.
-
International Monetary Fund Calls for Greece Debt Relief Ahead of Bailout Vote
An International Monetary Fund study published on Tuesday showed that Greece needs far more debt relief than European governments have been willing to contemplate so far, as fractious parties in Athens prepared to vote on a sweeping austerity package demanded by their lenders.
-
Greek PM Faces 'Gordian Knot' to Pass Reforms for Deal
Having staved off financial meltdown with a new agreement from Greece's international creditors, Tsipras now faces the anger of lawmakers and the public for agreeing to measures much tougher than those rejected in a referendum on July 5.
-
Impact of Greek Developments Will be Indirect: Finance Secretary
Greece, which is going through a financial crisis, has reached a desperately-needed bailout deal with the Eurozone which will prevent the country crashing out of the European Union having a single currency.
-
Greek PM Alexis Tsipras Asks Parliament to Approve Reforms as 'National Responsibility'
Greek Prime Minister Alexis Tsipras asked parliament early Saturday to approve his reform proposals to creditors as a "national responsibility" that would keep the struggling nation inside the European Union.
-
Greek Prime Minister Tsipras Seeks Party Backing After Abrupt Concessions
Greek Prime Minister Alexis Tsipras appealed to his party's lawmakers on Friday to back a tough reforms package after abruptly offering last-minute concessions to try to save the country from financial meltdown.
-
Greek Banks to Stay Closed At Least Until Friday: Report
Greece's banks will stay closed at least until Friday, four banking sources said on Monday, as the country tries to reopen bailout negotiations with official creditors and save its financial system from collapse.
-
Key Dates in the Greek Debt Crisis
Greeks vote in a closely-watched bailout referendum that has divided the nation and could determine its financial future as well as that of the government.
-
IMF Warns of Huge Financial Hole as Greek Vote Looms
The International Monetary Fund delivered a stark warning on Thursday of the huge financial hole facing Greece.
-
Greek Crisis Not to Impact ICICI Bank: Chanda Kochhar
There have been fears of the cash-strapped European nation missing its debt repayment deadline of June 30.
