THE SMART NEWS SOURCE | Feb 10 2012 12:12 | LAST UPDATED Feb 10 2012 12:12 |
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Greece makes peace with bailout pledgesFinance ministers are piling the pressure on Greece to make good on pledges to slash public spending before closing a deal on a €130-billion bailout. Greek prime minister optimistic of eurozone compromiseGreek coalition leaders failed to reach a deal on austerity cuts after marathon talks but Prime Minister Lucas Papademos is hopeful of an agreement. The economic week ahead: Greece lighteningNegotiations aimed at lightening Greece's debt load to more sustainable levels are likely to dominate economic headlines this week. Eurozone refuses Greek rescue without reformsEurozone ministers have told Greece they could not go ahead with an agreed deal to restructure privately held debt until it guaranteed reforms. Eurozone ministers to continue 'tough' Greece talksFinance ministers are to confer by telephone after 12 hours of talks in Athens failed to produce a breakthrough on a Greek bailout deal. MPs in standoff over severe cutsTalks appear to be stalling between EU, IMF negotiators and Greek officials. EU summit edges towards new eurozone treatyGermany's Chancellor Angela Merkel appears to be getting support on the fiscal compact, but is left increasingly isolated over Greece. Angry Greeks condemn EU plot to control its financesGermany's plan to install a commissioner in Athens with veto powers over the Greek budget has been dismissed as "laughable". The economic week ahead: It's all Greek to meCan Greece avoid a messy default on its debt? This will be the question on everyone's minds as leaders gather to trade on Monday morning. Let Greeks decide on debtThe process has been hijacked by a self-serving troika that has ignored the people. Europe must clean up its own messEurope should get their finances in order. Greece's debt talks threatened by rising pressureHopes of a deal between Greece and creditors in time for Monday's eurozone meeting have been dashed amid increased pressure to accept bigger losses. Portugal implements fiscal reformsPortugal is successfully implementing a series of fiscal reforms that are key to gaining continued international financial assistance. Ratings warning a red flagA downgrade because of rampant expenditure will have severe fiscal implications for SA. Protests expected ahead of Greek debt write-off talksGreece expects further protests as international creditors arrive to begin crucial talks on plans to write off some of the country's debts. Fans pay respect to Turkish footballer KucukandonyadisAround 10 000 people have bid farewell to Lefter Kucukandonyadis, one of Turkey's top football players, who has died at the age of 86. Embassy in Greece for Afghan asylum seekersAfghanistan will open an embassy in Greece to help thousands of Afghan asylum seekers stranded while seeking a better life in Europe. Greece's euro ultimatumThe new coalition government warns it will run out of options unless the bailout is forthcoming. Eurozone's weak manufacturing output spells slide to recessionA lack of confidence among investors in the prospects for the eurozone has pushed the value of the euro down against the US dollar and the yen. Greece aims to create 150 000 new jobsGreece's interim government has pledged to create 150 000 new jobs in the first quarter of 2012 to alleviate the effects of an acute financial crisis. The economic week ahead: Hampered by politicsInvestors are uncertain whether the eurozone can solve its debt crisis. Will bond markets signal optimism or deepening scepticism in the week ahead? Greek conservatives reject signing reform pledgeA major conservative party in Greece's new unity government has refused to drop its opposition to signing reform pledges in return for crucial loans. Greece could lose €52bn in unpaid taxesGreece stands to lose €52-billion in unpaid taxes and is set to raise a mere €1.3-billion out of a €5-billion target for privatisation proceeds. Europe's biggest deficit is democratic independenceFinancial markets rallied after Greek Prime Minister George Papandreou announced he was dropping plans for a referendum on the terms of the bailout. The week ahead: Technocrats to the rescueAll eyes are due to be on Italy and Greece's new technocratic leaders this week as eurozone investors closely monitor their initial moves. |
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