Germany’s Chancellor Angela Merkel appears to be getting support on the fiscal compact, but is left increasingly isolated over Greece.
Germany’s plan to install a commissioner in Athens with veto powers over the Greek budget has been dismissed as "laughable".
Can 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.
The process has been hijacked by a
self-serving troika that has ignored the people.
Hopes of a deal between Greece and creditors in time for Monday’s eurozone meeting have been dashed amid increased pressure to accept bigger losses.
A downgrade because of rampant expenditure will have severe fiscal implications for SA.
Greece expects further protests as international creditors arrive to begin crucial talks on plans to write off some of the country’s debts.
The new coalition government warns it will run out of options unless the bailout is forthcoming.
Greece’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.
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/ 21 November 2011
Investors are uncertain whether the eurozone can solve its debt crisis. Will bond markets signal optimism or deepening scepticism in the week ahead?
A 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 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.
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/ 14 November 2011
All eyes are due to be on Italy and Greece’s new technocratic leaders this week as eurozone investors closely monitor their initial moves.
Lucas Papademos has taken office to save Greece from bankruptcy with a Cabinet filled with many of the politicians who led the nation into crisis.
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/ 11 November 2011
Financial markets rallied after Greek Prime Minister George Papandreou announced he was dropping plans for a referendum on the terms of the bailout.
Former ECB vice-president Lucas Papademos will head Greece’s new crisis coalition, ending suspense over who will try to save the country from default.
As their country’s debt crisis situation worsens, Greek politicians have remained deadlocked around who to appoint as their new prime minister.
Greece’s outgoing prime minister says there is an agreement that the new interim government will ensure the country’s debt deal follows through.
Under pressure from the EU to push through a bailout to save their country, Greek party leaders were struggling to agree on a new prime minister.
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/ 7 November 2011
As SA’s Reserve Bank considers interest rates this week, global interest remains fixed on the drama enveloping Europe, writes <b>Matt Quigley</b>
The Greek PM and opposition have agreed on the formation of a new unity government in a bid to break a deadlock and pave the way for an EU bailout.
Greek leaders were beginning a second day of talks and behind-the-scenes wrangling on Sunday to break a political deadlock.
The decision to hold a referendum on the bailout reflects the power Greece wields.
Germany and France have issued Greece with an ultimatum that will see it receive no more aid until it decides on whether it will stay in the eurozone.
Greece’s Papandreou has won the backing of his Cabinet to push ahead with a referendum on an EU debt bailout deal. World leaders are not convinced.
George Papandreou’s shock announcement that he will put Greece’s bailout to a referendum has threatened to intensify the eurozone crisis.
What have Stefane Hessel and Julius Malema got in common? On the face of it, not a lot.
Europe’s leaders are claiming victory in the eurozone crisis after agreeing to new deals that halve Greek debt.
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/ 27 October 2011
EU leaders have struck a deal for banks and insurers to accept a 50% loss on their Greek bonds in a bid to try to contain the sovereign debt crisis.
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/ 24 October 2011
World markets rose and the euro rallied as investors reacted to the weekend’s EU summit, where "good progress" on the sovereign debt crisis was made.
Day two of protests in Greece have seen demonstrators march to Parliament against austerity measures required by the IMF and the European Union.