crisis

The near certainty of a Greek departure from the eurozone, has seen global stocks take a further battering on Wednesday.

Greek Turmoil Drives Global Stocks Down

11:57 16/05/2012 MOSCOW, May 16 (RIA Novosti)

The near certainty of a Greek departure from the eurozone, and doubt about what could happen in the aftermath of this, has seen global stocks take a further battering on Wednesday.

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MICEX Plummets to Five-Month Low
17:58 14/05/2012
Russian stocks plunged on Monday, reaching their lowest levels since December 2011 as investors took flight over Greece’s political deadlock and Europe’s mounting debt crisis, and also by the Saudi oil minister’s statement of global oil oversupply.
Greek President May Set to Announce New Parliament Vote
02:53 13/05/2012
President of Greece Karolos Papoulias will open consultations with leaders of Greek political parties on Sunday to convince them in a final try to form a coalition government
Europe Debt Crisis Likely - Kudrin
23:41 11/04/2012
Russian ex-finance minister Alexei Kudrin said on Wednesday he believes a serious debt crisis is likely in Europe.4
IMF Allocates $28 bln to Greece
21:17 15/03/2012
The International Monetary Fund (IMF) will allocate 28 billion euro (about $36.7 billion) to support Greece’s economic program over the next four years, the IMF said on Thursday.
Moody’s Considers Greece Defaulted, Ratings Remain at C
03:33 10/03/2012
Moody's Investors Service said on Saturday it considers Greece to have defaulted per Moody's default definitions.
Investors Approve Greek Debt Restructuring Deal
12:05 09/03/2012
Greece’s private investors agreed on Friday to swap their government bonds for new securities that are worth 83.5 percent of the country’s sovereign debt in a deal that help the country stay afloat and avoid default on its massive debt, Greek Finance Ministry said.
Europe’s Financial Pill Won’t Cure Greece
10:38 22/02/2012
On February 21 eurozone finance ministers agreed to a second bailout for Greece – it has received a 53.5% reduction of its debt to private banks and will get up to 130 billion euros from the International Monetary Fund.
EU Bailout Unlikely to Save Greece – Nobel Laureate Krugman
18:32 21/02/2012
The EU austerity plan for Greece will not rescue the country from default, Paul Krugman, Princeton University professor and winner of the 2008 Nobel Prize in economics, said in his blog in The New York Times on Tuesday.
Russian Stocks Shrug Off Greek Bailout Deal
13:47 21/02/2012
Russian stocks ignored a second 130-billion euro deal sealed by eurozone countries and the International Monetary Fund for debt-laden Greece, demonstrating a downside movement in MICEX-RTS trade on Tuesday.
Greek Conservative Leader Gives Reform Assurances in Bailout Deal
17:13 15/02/2012
Greek conservative party leader Antonis Samaras has sent a letter to the European Union and the IMF with assurances of implementing new austerity measures, the local TV channels reported on Wednesday.
Asia Stocks Close Higher on China Pledge, Greece
13:40 15/02/2012
Key Asia-Pacific stock market indices closed higher on Wednesday amid investor optimism that the Greek bailout deal was close at hand and on China’s pledge to invest in Europe’s bailout funds and boost its euro asset holdings, market data suggested.
Russian Stocks Surge on China’s Europe Bailout Plan
11:32 15/02/2012
Russian stocks surged in Wednesday trading on news that China pledged to invest in Europe’s bailout funds and boost its euro asset holdings.
Protesters Clash with Police in Athens
23:26 12/02/2012
Black-hooded protesters hurling stones and petrol bombs on Sunday battled Greece's parliament as lawmakers inside debated deeply unpopular austerity measures to secure a bail-out program aimed to stave off bankruptcy.
Tens of Greek MPs Set to Vote Against New Austerity Measures
02:54 12/02/2012
Dozens of Greek parliamentarians threaten to vote on Sunday against the requested package of new austerity measures
Eurozone Sets New Conditions for Greek Bailout
04:27 10/02/2012
Eurozone finance ministers on Thursday night agreed to attach additional conditions to Greece’s 130-billion-euro bailout deal and postponed the final decision until next Wednesday, the meeting’s chairman said on Friday.1
Greek Deputy Labor Minister Resigns in Protest
22:20 09/02/2012
Greek Deputy Labor and Social Security Minister Yiannis Koutsoukos resigned on Thursday as a sign of a protest against the government’s decision to cut wages and pensions in exchange for European financial assistance.
Greek Trade Unions Announce General Strike
07:14 06/02/2012
As Greek political forces and international lenders negotiate ways to avert a default, which can take place already in March, the country's two largest trade unions announced a strike against proposed austerity measures.
Greece Poised for Further Spending Cuts
04:06 06/02/2012
Greek Prime Minister Lucas Papademos and leaders of the country’s political parties have agreed to further cut spending by 1.5 percent of GDP, the Greek government’s press service said.
Russian Press - Behind the Headlines, February 1
17:23 01/02/2012
Falling Demand Could Bring Oil Prices Down / Severe cold sets in for another ten days, from Baikal to Europe / Moderates invited to alternative rally

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USD	17/05	30.9758	+0.6459
EUR	17/05	39.33	+0.3470

RTS	16/05	1369.4	-0.32%
MICEX	13/09	1501.99	+0.59%

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