NAWAIWAQT GROUP
Topic: Greek
greek neo nazis threaten mobilise mosque
May 21, 2013

Greek neo-Nazis threaten to mobilise against mosque

ATHENS: Greek neo-Nazi party Golden Dawn has threatened to mobilise 100,000 people against plans to build a mosque in Athens, state television reported on Monday. "If a mosque is constructed for ‘Islamist criminals’ in Greece, a front of 100,000 Greeks headed by Golden Dawn will be ...

greek police chiefs held blackmail
February 15, 2013

Greek police chiefs held for blackmail

ATHENS - Two Greek district police chiefs have been arrested in the space of two days on suspicion of blackmailing migrants from Pakistan, a police source said. The latest arrest came after a Pakistani man complained to police that an officer had stopped his car and illegally seized 4,000 euros ...

greek economy start grow 2014
December 16, 2012

Greek economy may start to grow in 2014

ATHENS - Greece's economy, expected to slump for a sixth straight year in 2013, may begin to recover in 2014, the country's finance minister said on Saturday."I believe that after the second half of 2013 we will be able to see growth, with positive rates of change in GDP on a quarterly basis or ...

greek deal euro zone slow recovery
December 03, 2012

Greek deal puts euro zone in slow recovery

PARIS  - The euro zone is in the recovery room now the danger of a Greek default has been averted for a couple of years, but it is not yet safe from a Japanese-style “lost decade”.The currency area’s escape route hinges more on the pace of expansion in the United States and ...

greek plan rooted reality
November 19, 2012

Greek plan should be ‘rooted in reality’

MANILA  - An agreement among Greece’s creditors on how to reduce its large debt pile should be “rooted in reality and not in wishful thinking,” the head of the International Monetary Fund said as she heads into a tense meeting with European leaders.Christine Lagarde, the ...

greek bank list editor trial
November 02, 2012

Greek bank list editor on trial

ATHENS  - A journalist went on trial Thursday for publishing the names of 2,000 Greeks with Swiss bank accounts, in a case that has exposed the debt-plagued Greek government to charges of a cover-up. Costas Vaxevanis, a 46-year-old veteran television journalist who now publishes a magazine, ...

greek editor stands trial swiss accounts list
October 30, 2012

Greek editor stands trial over Swiss accounts list

ATHENS  - A prominent Greek journalist who published the names of more than 2,000 wealthy Greeks with Swiss bank accounts appeared in court on Monday to stand trial for violating data privacy laws in a case which aroused international concern.Costas Vaxevanis, editor of the “Hot ...

greek banking sector braces super deal
October 08, 2012

Greek banking sector braces for ‘super deal’

ATHENS  - Greece’s banking sector is bracing for what local media on Saturday called a super deal, following the announcement of the National Bank’s offer to purchase the third-largest lender Eurobank.Late on Friday, the National Bank of Greece (NBG), the country’s top ...

greek exit eurozone option
September 17, 2012

Greek PM says exit from eurozone ‘not an option’

WASHINGTON  - Greek Prime Minister Antonis Samaras said, in an interview published late Saturday, that exiting the eurozone was “not an option for Greece and expressed his determination to forge ahead with painful reforms. “We have to make sure that we abide by what we have signed ...

greek undergoes eye surgery
June 24, 2012

Greek PM undergoes eye surgery

ATHENS  - Newly-elected Greek Prime Minister Antonis Samaras underwent eye laser surgery on Saturday to remedy a retinal detachment, state television said, an operation that pushed back parliament proceedings. Government spokesman Simos Kedikoglou told that the operation was successful and ...

greek pro euro conservatives win poll
June 18, 2012

Greek pro-euro conservatives win poll

ATHENS - Greece's two main pro-bailout parties have won enough votes to form a government in a cliffhanger election Sunday, first estimates showed, easing fears the stricken economy will crash out of the euro.The conservative New Democracy party is seen as the winner with 29.5 percent of the vote, ...

greek bailout terms oecd chief
June 18, 2012

New Greek bailout terms may be needed: OECD chief

LOS CABOS - Greece should be given a chance to renegoiate the terms of its 130 billion-euro international bailout if it means keeping the country in the euro zone, the head of the Organization for Economic Cooperation and Development said on Saturday.Angel Gurria, secretary general of the ...

greek socialists vow focus reforms tax hikes
April 29, 2012

Greek Socialists vow focus on reforms, no tax hikes

ATHENS  - Greek Socialist leader Evangelos Venizelos promised on Saturday that he would not slap new taxes on long-suffering Greeks and focus instead on reforms like opening up closed professions if he wins national elections next month.Venizelos, Greece's finance minister until he took the ...

commodities rally greek bailout; oil soars iran fears
February 26, 2012

Commodities rally on Greek bailout; oil soars on Iran fears

LONDON - Most commodity markets rose this week, boosted by Greece’s second eurozone bailout and extra liquidity from central banks, while oil hit nine-month highs on rising tensions over crude producer Iran.“It could be argued that the Greek bailout has lifted a short-term cloud from ...

eurozone set finalise greek bailout
February 20, 2012

Eurozone set to finalise second Greek bailout today

BRUSSELS  - Eurozone finance ministers will seek Monday to finalise a second Greek bailout in a deal which they hope will also quell suggestions that Athens could be pushed out of the currency area.The deal to write off 100 billion euros ($130 billion) of debt and provide a loan of 130 billion ...

1,500 greek protest eve eurogroup meeting
February 20, 2012

1,500 in new Greek protest on eve of Eurogroup meeting

ATHENS  - Some 1,500 protesters gathered in central Athens on Sunday to protest deep budget cuts as the Eurozone prepared to approve a new 130 billion euro bailout.The new demonstration comes a week after violent protests were sparked when parliament passed the measures, which include a 22 ...

greek cabinet tackles austerity rescue hopes rise
February 19, 2012

Greek cabinet tackles austerity, rescue hopes rise

ATHENS  - Greece’s cabinet tackled on Saturday how to implement austerity demanded by the EU and IMF as a 130-billion-euro (£107.9 billion) rescue seemed within reach, while the euro zone considered modifying a deal with private creditors to help Athens debts.After months of often ...

Banker Papademos Named New Greek Prime Minister
November 10, 2011, 6:20 pm

Banker Papademos named new Greek prime minister

Senior banker Lucas Papademos has been officially named as Greece's new prime minister, after four days of intense talks to form a coalition government. The interim government aims to approve a new 130 billion ($177 billion) financial aid deal and cement the debt-strapped country's position in the ...

Violent Antiausterity Protests Grip Greek Capital
October 20, 2011

Violent anti-austerity protests grip Greek capital

ATHENS (Reuters) - Greek police clashed with black-clad demonstrators outside parliament on Wednesday during a mass rally called to protest against a bitterly resented new round of belt-tightening needed to avert default. The view of the ancient Acropolis was obscured by smoke from burning piles of ...

France Hoping Greek Rescue Plan Week
July 19, 2011

France hoping for Greek rescue plan this week

PARIS (AFP) - France is hoping that a new rescue plan for debt-laden Greece will be agreed at a summit of European leaders in Brussels later this week, Budget Minister Valerie Pecresse said on Monday. Asked by LCI television station whether she expected the plan to be adopted this week, the ...

Greek Debt Knifes Edge Imf
July 18, 2011

Greek debt on knife's edge: IMF

ATHENS (AFP) - Greece's runaway debt is on a "knife's edge", the IMF's mission chief to Athens said in an interview on Sunday as he called for an "invigoration" of structural reforms in the vast Greek public sector. "The Greek debt is sustainable but it is, as we say, on a knife's edge," Poul ...

Greek Aid Deal Weak Data Send Euro Flying
June 05, 2011

Greek aid deal, weak US data send euro flying

NEW YORK (AFP) - The euro soared and the dollar sank Friday after Greece scored a new deal on EU-IMF rescue funds and disappointing employment data dashed optimism over the US economic recovery. The euro rocketed against the dollar as soon as news broke of a positive conclusion of the International ...

History Repeating Greek Debt Crisis
April 18, 2011

History repeating itself in Greek debt crisis

ATHENS (AFP) - Austere-looking Europeans dictating economic policy are nothing new for Greece which went bankrupt over a century ago and had to accept an international commission of control over its finances. The year was 1898. A much smaller Greek state had just lost a disastrous war against the ...

Greek Fuel Shortage Eases Truckers Start Complying
August 01, 2010

Greek fuel shortage eases, truckers start complying

ATHENS (Reuters) - Some Greek truckers complied with a government order to return to work after a five-day strike on Saturday, relieving fuel-starved petrol stations and officials now expect the disruption to ease markedly. Greeces 33,000 truckers have been fighting the socialist governments move ...

Greek Crisis Recovery Effort Applied Intended Eu Imf
June 18, 2010

Greek crisis recovery effort applied as intended: EU, IMF

ATHENS (AFP) - A Greek recovery drive to overcome a financial crisis is being applied as intended, experts from the European Union and the International Monetary Fund said on Thursday. Joined by auditors from the European Central Bank, the EU-IMF team said in a statement it had found that the ...

Parliament Greek March 20000
May 20, 2010, 8:05 pm

Over 20,000 march to Greek parliament

More than 20,000 protesters marched to parliament Thursday, as unions challenged harsh austerity measures in Greece by staging their fourth general strike this year. Riot police held back demonstrators chanting "Thieves, thieves" Store owners closed up and lowered protective shutters before the ...

Greek Lessons World economy
May 16, 2010

Greek lessons for the world economy

The $140-billion support package that the Greek government has finally received from its European Union partners and the International Monetary Fund (IMF) gives it the breathing space needed to undertake the difficult job of putting its finances in order. Deep down, the crisis is yet another ...

Greek Crisis Hits Climax Wall Street Panic
May 08, 2010

Greek crisis hits climax after Wall Street panic

LONDON (AFP) - Europes mounting debt troubles and a shock plunge on Wall Street left markets in disarray on Friday, as European leaders rushed to approve a 110-billion-euro bailout for Greece to avoid a default. Finance ministers from the Group of Seven (G7) top industrialised countries agreed to ...

Euro economy Grow Provided Greek Bushfire Put
May 06, 2010

Euro economy to grow, provided Greek 'bushfire' put out

BRUSSELS (AFP) - Europes economic recovery will gather speed this year, new EU forecasts said on Wednesday, but only if a debt bushfire in Greece is tamed before it becomes a forest fire. The European Commission raised its growth predictions for the core euro currency area to 0.9 percent this year, ...

Imf Chief Warns Risk Greek Contagion
May 06, 2010

IMF chief warns of risk of Greek 'contagion'

PARIS (AFP) - International Monetary Fund chief Dominique Strauss-Kahn said on Wednesday there was a risk that contagion from the Greek debt crisis could engulf other weakened European economies. There are always risks, Strauss-Kahn said said in comments to the French daily Le Parisien published on ...

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