Greek

Analysis: Greeks not alone in bank savings exodus - Reuters

BBC News

Analysis: Greeks not alone in bank savings exodus Reuters By Steve Slater and George Georgiopoulos | LONDON/ATHENS (Reuters) - Greek savers may be gripped by a "great fear that could develop into panic" in the words of President Karolos Papoulias, but many Greeks shifted their money to safer havens in Britain ... Greek exit would 'destabilize' world economy: IIFMarketWatch What Would Greek Exit Mean for the US Economy?CNBC.com Preparing For A Greek Exit, In 4 Easy StepsNPR (blog) Bloomberg all 296 news articles »

Why Are Greek and Italian Politicians So Bad? - CNBC.com

Moneycontrol.com

Why Are Greek and Italian Politicians So Bad? CNBC.com That's our misfortune," said Greek taxi driver Nikos Kremidas, 60. An opinion poll on Tuesday showed the protest group led by Grillo, who calls Italy's premier "Rigor Montis", had pushed Berlusconi's once dominant PDL party into third place for the ... Asian Stocks Mixed As Greek Worries PersistNASDAQ Wall Street recovers losses on fresh Greek hopesABC Online all 397 news articles »

Greek Exit Could Trigger a Run on European Banks - BusinessWeek

Daily Mail

Greek Exit Could Trigger a Run on European Banks BusinessWeek By Elena Logutenkova, Liam Vaughan, and Gavin Finch on May 24, 2012 European banks have spent the past two years increasing capital buffers, writing down Greek bonds, and using central bank loans to refinance regional operations in southern Europe in ... Greek eurozone exit 'would spark a UK referendum on pulling out of the EU'Daily Mail RPT-WRAPUP 1-Europe slowdown adds more tension to Greek dramaReuters Euro Can Survive A Greek Exit, But It Won't Be Pretty (VIDEO)Forbes Fox News -Reuters Blogs (blog) -Wall Street Journal all 8,273 news articles »

Greek euro exit threat challenges Swiss franc cap - Reuters

Resource Investor

Greek euro exit threat challenges Swiss franc cap Reuters But with the euro falling sharply against other major currencies since Greek voters punished parties supporting the country's international bailout in a May 6 election, it has become tougher for the SNB to defend the peg. Sweden: We're well prepared for Greek euro exitForexLive (blog) all 68 news articles »

Persistent Greek fears hobble European equities - Reuters

New Europe

Persistent Greek fears hobble European equities Reuters FTSEurofirst surrenders gains, Greek fears continue to weigh on stock markets * Traders cite speculation that ECB may step in to support markets in coming weeks By Sudip Kar-Gupta LONDON, May 25 (Reuters) - Relentless worries over a possible Greek exit ... European shares fall further on Greek fearsLivemint European shares erase gains, Greek fears lingerReuters UK all 34 news articles »

Greek woes pull shares to six-month lows - Sydney Morning Herald

Greek Reporter

Greek woes pull shares to six-month lows Sydney Morning Herald He said traders were still looking to distance themselves from commodities and commodities-related plays, as long as the proposition of a disorderly Greek exit remained on the radar. Local investors were also focused on just how much China's economy ... Greece, China data pulls Aussie stocks lowerThe Australian Stocks lower on Greece, China bank loansTheBull.com.au Former Greek PM Papademos on WSJ: “No Choice But Austerity”Greek Reporter Ninemsn all 404 news articles »

A Smooth Greek Exit: Europhiles' Nightmare Scenario - Wall Street Journal

A Smooth Greek Exit: Europhiles' Nightmare Scenario Wall Street Journal By Katie Martin Of DOW JONES NEWSWIRES LONDON (Dow Jones)--For the euro area's policy makers, there's one path forward in the Greek drama that's even worse than the country plunging itself into chaos by splitting from the currency union: that it leaves ... Global economic worries sends ADRs lowerEconomic Times all 11 news articles »

UK's Clegg warns of Greek euro zone exit "chain reaction" - Reuters

Telegraph.co.uk

UK's Clegg warns of Greek euro zone exit "chain reaction" Reuters LONDON (Reuters) - A Greek exit from the euro zone would set off a "chain reaction of uncertainty" that would be strongly felt in Britain's banking sector, British Deputy Prime Minister Nick Clegg said. He warned that a possible Greek exit would not ... Britain's Clegg warns Greek exit from eurozone would hurt Europe; backs eurobondsWashington Post all 368 news articles »

Greek Q1 tourism income drops 15 pct, fewer Russians, Germans - Reuters

Greek Q1 tourism income drops 15 pct, fewer Russians, Germans Reuters Overall, the sector's balance of payments showed a deficit of 28.5 million euros ($35.8 million) in the first quarter, down by 35.4 million year-on-year as Greeks also cut down on travel abroad. The Bank of Greece said total travel receipts declined to ... and more »

Greek Exit Is Impossible, but There's Really Little to Stop It - New York Times

Greek Exit Is Impossible, but There's Really Little to Stop It New York Times “My personal view is that it is irrational for anyone, whether a corporation or an individual, to be leaving money in Greek financial institutions, so long as there is a credible prospect of a euro zone exit,” said Ian Clark, a partner in London for ...

Not a Greek Problem - NYTimes.com
Tim Duy has some harsh words for the European Central Bank among others, with which I agree completely. What strikes me is that even now there seems to be no willingness to accept the fact that this isn't a Greek problem, ...

Merkel denies suggesting Greek vote on euro - The Local
As Greece prepared itself for new parliamentary elections, the sense of crisis was exacerbated by confusion over whether German Chancellor Angela Merkel had suggested a Greek referendum on keeping the euro.

Tradition of Greek Food Fest a savory delight - NashuaTelegraph.com
It was a truly amazing sight. With more than a thousand pounds, and literally thousands of.

5 Easy Ways to Solve the Greek Crisis - By Daniel Altman | Foreign ...
If there's one thing economists don't like, it's politics. We can draw up any number of fantastic policies on paper, but getting them through legislatures and central bank committees is another story. Politics has been a big part of ...

Spanish banks bounce/Greek contingency plans? | The Big Picture
Confirming again that when rating agencies act its old news, Spanish banks are bouncing after 5 days of selling notwithstanding multiple credit downgrades by.

Stefan Karlsson's blog: Would Greek Default Necessarily Mean Euro ...
Recent opinion polls suggests that many Greeks are listening to the warnings of German leaders that if Greece cancels its austerity measures, Germany and others will stop funding the Greek budget deficit, as the parties that ...

Greek Lights Out... Literally | ZeroHedge
One for the "You can't make this stuff up" folder.From Art Cashin:Ya Can't Make This Stuff Up - An interesting example of the problems in Greece may be seen in one of its recent attempts to collect taxes. Property taxes were ...

RealClearMarkets - Exodus, Chapter 1: A Greek Exit Could Still ...
THE odds of a Greek exit from the euro shorten by the day. An inconclusive result to a first election on May 6th has led to a caretaker government, and the scheduling of another poll in mid-June. The obvious trigger for a Greek ...

We Are Watching The Greek Banking System Die Right In Front Of ...
Money is being pulled out of Greek banks at an alarming rate, and if something dramatic is not done quickly Greek banks are going to start dropping like.

World News - Greeks withdraw $894 million in a day: Is this ...
Updated at 12:05 p.m. ET: Political leaders in Athens were due to discuss an emergency government Wednesday to deal with a possible run on banks as it emerged Greeks withdrew almost $900 million in a single day, ...

Greek poll-front runner backs staying in euro
Greek poll front-runner Alexis Tsipras, buoyed by a groundswell of opposition to EU-IMF imposed austerity measures, says forcing his country out of the eurozone would sink the region as a whole.

On Greek economy, who will blink first?
Until the rerun of the Greek elections scheduled for June 17, we will witness an unprecedented game of brinkmanship. The game will be played along the following lines.

Greek exit could cost euro zone billions of euros
By Paul Carrel FRANKFURT (Reuters) - A Greek exit from the euro zone could expose the European Central Bank and the currency bloc it seeks to protect to hundreds of billions of euros in losses, landing ...

Greek-German row erupts on referendum talk
ATHENS (Reuters) - A Greek-German row broke out on Friday after Greece's government spokesman said Chancellor Angela Merkel raised the idea of Athens holding a referendum about its euro zone membership next month, which Berlin vehemently denied. The confusion arose after a telephone call earlier on Friday between Merkel and Greek President Karolos Papoulias, in which Merkel conveyed her hope for ...

Greek-Americans Struggle With Response to Fiscal Crisis
For many Americans of Greek descent, the crisis represents an emergency as acute as an earthquake or a tsunami, with the same consequences of hunger, poverty and displacement.

Greek winemakers see crisis as glass half-full
NEW YORK (Reuters) - Greek winemakers are not pricing their wares in drachmas - yet. The winemakers, visiting New York as part of an international promotional tour, doubted Athens would leave the euro-zone even after Fitch Ratings Agency downgraded Greece's sovereign debt on Thursday, calling the country's exit from the monetary union "probable. "No, no, no. That is not going to happen ...

Greek banks strain for cash
The Greek financial system is straining hard for cash.

GREEK BANKS FEEL STRAIN
The Greek financial system is straining hard for cash.

Greek banks, hostage to rumours, new poll
Greek banks, struggling to stay afloat after two years of unending crisis, are back in the firing line, beset by rumours of a run on deposits and facing more uncertainty as the country holds fresh polls.The ...

Greek election race tightens into dead heat
ATHENS (Reuters) - A flurry of polls on Saturday showed the race to lead Greece has tightened into a dead heat ahead of an election next month that could determine whether it remains in the euro. Greece was forced to call the new vote for June 17 after an election on May 6 left parliament divided evenly between groups of parties that support and oppose austerity conditions attached to a 130 ...